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 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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Wildfire Breaks Out Near Canadian Oil Sands, Prompts Evacuation Alert
Rigzone
Mon, 22 Apr 2024 06:30:00 GMT
The fire is one of two out-of-control blazes in Alberta, home to the Canadian oil sands.
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Biden Limits Oil Drilling Across Alaska's Petroleum Reserve
Rigzone
Sat, 20 Apr 2024 12:00:00 GMT
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.
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Oil Managed Slight Gain as Risk Premium Falls
Rigzone
Fri, 19 Apr 2024 19:35:23 GMT
Oil eked out a meager gain after Iranian media appeared to downplay the effect of Israeli strikes, lowering the geopolitical risk premium for crude.
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What Would an All-Out War in the Middle East Mean for USA Gasoline Prices?
Rigzone
Fri, 19 Apr 2024 14:00:00 GMT
'It would mean extreme price volatility,' EIR warned.
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Iran-Israel Conflict Has Potential to Further Disrupt Shipping Industry
Rigzone
Fri, 19 Apr 2024 10:33:19 GMT
'The risk profile for commercial vessels operating in the region remains at severe/critical,' Dryad stated.
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Iran Acknowledges Drone Attack by Israel and Says It Failed
Rigzone
Fri, 19 Apr 2024 10:24:27 GMT
Israel launched a retaliatory strike on Iran following last week's missile and drone barrage from Tehran, according to two U.S. officials.
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Analysts Believe Oil Market Is Underpricing Risk
Rigzone
Fri, 19 Apr 2024 08:27:35 GMT
Analysts at Standard Chartered said they think geopolitical risk in oil has escalated significantly.
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