Oil & Gas Industry News

Lula reportedly plans to nominate the former head of Brazil's oil and gas regulator to be Petrobras' new CEO.

Oil fell as US economic data showed inflation remains elevated, adding to bets the Federal Reserve won't rush to cut interest rates this year.

The U.S. Energy Information Administration lowered its West Texas Intermediate oil price forecast for 2024 and 2025.

ADNOC Drilling has secured a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resources.

The Suez Canal has seen a significant decrease in shipping traffic, Dryad Global noted.

'An escalation to a direct war between Israel and Iran could result in oil prices rising to $150 a barrel'.

Donald Trump vowed to issue an executive order targeting offshore wind development if he wins a second term as president.

Oil edged higher as signs of a tighter market vied with decreased geopolitical risks to keep prices locked in a narrow band.

North America dropped six rigs week on week, according to Baker Hughes' latest rotary rig count.

The U.S. Energy Information Administration lowered its Brent oil price forecast for 2024 and 2025 in its latest short term energy outlook.

GlobalData's thematic intelligence center estimates that the global digital twins market will be worth $154 billion by 2030.

China is taking advantage of lower international prices for coal and natural gas to replenish stockpiles of power fuels ahead of another long, hot summer.

Three of the additional blocks are in the northwest of the Norwegian Sea and 34 blocks are in the east of the Barents Sea.

The Transportation Department said extensive environmental reviews are already required to obtain a license for a deepwater port.

China's first shipment of crude from Niger has been blocked by a border dispute.

Oil edged higher as key technical levels provided a floor for losses while investors digested a mixed US inventories report.

'API has raised serious concerns'.

Analysts at J.P. Morgan looked at 'key policies' that could change under a new Donald Trump administration.

'We think there is only one explanation that might hold enough water to fit the combination of OPEC+ signaling for higher prices but traders pushing prices lower,' Standard Chartered analysts said.

Oil climbed after government data showed a decline in US stockpiles, signaling a tighter physical market.