Oil & Gas Industry News
Welcome to the Energy News Page. Here you can find links to the latest news from reputable sources in the oil and gas industry.
Oil Posts Weekly Gain as Market Tightens
Rigzone
Fri, 26 Apr 2024 19:23:32 GMT
Oil rose this week amid signs of a tightening physical market while traders continue to assess lingering Middle East risks.
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India Grants Marine Insurance Approval for Russian Firms
Rigzone
Thu, 25 Apr 2024 21:00:00 GMT
India has granted marine insurance approval to four Russian firms.
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Oil Rises on Weaker US Dollar
Rigzone
Thu, 25 Apr 2024 19:29:24 GMT
Oil erased earlier losses to top $83 a barrel as a weaker dollar boosted commodities priced in the currency.
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USA Crude Oil Stocks Drop More Than 6MM Barrels WoW
Rigzone
Thu, 25 Apr 2024 14:28:44 GMT
Crude oil stocks in the U.S., not including the SPR, stood at 453.6 million barrels on April 19, according to the EIA.
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European Gas Traders Are Already Worrying About Next Winter
Rigzone
Thu, 25 Apr 2024 14:00:01 GMT
Traders are getting agitated again.
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USA Upstream Merger Activity Gets Off to Record Start
Rigzone
Thu, 25 Apr 2024 11:09:45 GMT
'Following last year's blockbuster $192 billion in U.S. upstream consolidation, 1Q24 would be on track to surpass that record with $51 billion in announced deals,' EIR noted.
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Xeneta Flags Climate Effect of Red Sea Conflict
Rigzone
Thu, 25 Apr 2024 08:25:03 GMT
'We are all aware of the human and economic cost of war, but ... there is also price to pay for the climate,' Xeneta said.
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Oil Swings as US Stockpiles Fall Sharply
Rigzone
Wed, 24 Apr 2024 19:20:02 GMT
Oil fluctuated as traders weighed a larger-than-anticipated drop in US crude stockpiles against broader risk-off sentiment.
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Dryad Says Reports Indicate Iran Intends to Disrupt Strait of Hormuz
Rigzone
Wed, 24 Apr 2024 10:32:38 GMT
'Iran is likely to intensify its operations in more easily controlled territory, such as the Strait of Hormuz,' Dryad said.
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Eni UK, Ithaca Energy Agree to Merge
Rigzone
Wed, 24 Apr 2024 07:52:22 GMT
The merger is expected to potentially give Eni a leading position in the UK continental shelf.
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Oil Rises Above $83 on Risk On Sentiment
Rigzone
Tue, 23 Apr 2024 20:38:07 GMT
Oil gained as the prospect of looser monetary policy countered a decreasing premium for geopolitical risk.
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Rystad Looks at USA Reimposition of Venezuela Oil Sanctions
Rigzone
Tue, 23 Apr 2024 14:47:11 GMT
'It again becomes illegal for U.S.-based companies to deal in Venezuelan oil,' Rystad notes.
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Oil Market Sees Iran Sanctions Having Muted Impact on Exports
Rigzone
Tue, 23 Apr 2024 14:00:00 GMT
Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as soon as this week.
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TotalEnergies to Acquire Remaining Stake in Malaysia's SapuraOMV
Rigzone
Tue, 23 Apr 2024 11:59:12 GMT
SapuraOMV's main assets are its 40 percent operated interest in block SK408 and 30 percent operated interest in block SK310, both located offshore Sarawak in Malaysia.
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Are Cyber Attacks a Growing Threat to Oil and Gas Vessels?
Rigzone
Tue, 23 Apr 2024 10:55:31 GMT
'Regarding the threat, we have seen the landscape worsen considerably,' the Chertoff Group warned.
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North America Goes Back to Losing Rigs
Rigzone
Tue, 23 Apr 2024 08:51:41 GMT
North America dropped 12 rigs week on week, according to Baker Hughes.
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Oil Edges Lower Amid Limited War Risks
Rigzone
Mon, 22 Apr 2024 19:27:24 GMT
Oil inched lower on limited fresh signs of escalating conflict in the Middle East, but prices hovered above monthly lows as technical support limited losses.
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Can Oil, Gas Companies Use Generative AI to Help Hire People?
Rigzone
Mon, 22 Apr 2024 14:44:57 GMT
'We're integrating AI as we speak,' one recruitment company told Rigzone.
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JPMorgan, S&P, Rystad Share Views on Oil and Middle East Situation
Rigzone
Mon, 22 Apr 2024 10:36:52 GMT
J.P. Morgan, S&P Global Commodity Insights, and Rystad Energy share their latest views.
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UK Oil Regulator Fines NEO Energy
Rigzone
Mon, 22 Apr 2024 09:03:54 GMT
NEO Energy Production UK Limited has been fined $123,674.
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