Oil & Gas Industry News

'It again becomes illegal for U.S.-based companies to deal in Venezuelan oil,' Rystad notes.

Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as soon as this week.

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.

'Regarding the threat, we have seen the landscape worsen considerably,' the Chertoff Group warned.

North America dropped 12 rigs week on week, according to Baker Hughes.

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.

'We're integrating AI as we speak,' one recruitment company told Rigzone.

J.P. Morgan, S&P Global Commodity Insights, and Rystad Energy share their latest views.

NEO Energy Production UK Limited has been fined $123,674.

The fire is one of two out-of-control blazes in Alberta, home to the Canadian oil sands.

The Biden administration on Friday finalized a plan to prevent oil development across more than half of the U.S. government's mammoth petroleum reserve in Alaska.

Oil eked out a meager gain after Iranian media appeared to downplay the effect of Israeli strikes, lowering the geopolitical risk premium for crude.

'It would mean extreme price volatility,' EIR warned.

'The risk profile for commercial vessels operating in the region remains at severe/critical,' Dryad stated.

Israel launched a retaliatory strike on Iran following last week's missile and drone barrage from Tehran, according to two U.S. officials.

Analysts at Standard Chartered said they think geopolitical risk in oil has escalated significantly.

Oil fluctuated as markets weighed Iran's threats on Israeli nuclear sites against a stronger US dollar.

Washington will not renew a reprieve issued to Caracas for oil and gas activities, accusing the Maduro regime of reneging on a commitment to upholding fair elections.

Crude oil stocks in the U.S., not including the SPR, stood at 460.0 million barrels on April 12.

'U.S. sanctions on Iran had greatly impacted reported volumes in 2018-20, but such volumes appear to have been brought back online,' a Senior Associate at Enverus Intelligence Research told Rigzone.