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.
EPA Says it is Initiating '31 Historic Actions'
Rigzone
Fri, 14 Mar 2025 13:10:16 GMT
'I'm pleased to make the largest deregulatory announcement in U.S. history', U.S. Environmental Protection Agency Administrator Lee Zeldin said.
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Oil Drops Below $67 as Trade War Fears Weigh on Demand
Rigzone
Thu, 13 Mar 2025 19:50:31 GMT
A bearish economic outlook, coupled with rising supply and geopolitical shifts, pushed oil prices lower.
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Guyana Seeks Suriname Gas Deal After Building Oil Fortune
Rigzone
Thu, 13 Mar 2025 14:16:17 GMT
Guyana President Irfaan Ali is exploring a partnership with Suriname to build a gas-powered industrial hub as he works to fortify his nation's economy.
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Market Confusion Acting as Severe Drag on Prices, Standard Chartered Says
Rigzone
Thu, 13 Mar 2025 13:09:33 GMT
'Of the 35 trading days since President Trump's inauguration, Brent has settled lower on 20 and has recorded a lower intra-high on 25 days', analysts at Standard Chartered Bank said.
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USA Tariffs Prompt Criticism at Houston Energy Industry Gathering
Rigzone
Wed, 12 Mar 2025 21:00:00 GMT
During an all-Canadian energy panel at the CERAWeek by S&P Global event in Houston, speakers veered between venting frustration and anger at the tariffs and urging fellow Canadians to seek new, alternative trading partners to the US.
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Oil Rebounds on Softer Inflation and Tightening Market Outlook
Rigzone
Wed, 12 Mar 2025 19:36:21 GMT
Oil prices climbed as US demand showed resilience, with gasoline consumption reaching its highest level since November.
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Polar Vortex Could Bring Cold Blast to Millions Across US, AccuWeather Says
Rigzone
Wed, 12 Mar 2025 15:41:13 GMT
'Winter is far from over', said AccuWeather Lead Long-Range Expert Paul Pastelok.
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BP CEO, Defending His Reset, Says Company to Be More Focused
Rigzone
Wed, 12 Mar 2025 14:00:00 GMT
BP Plc Chief Executive Officer Murray Auchincloss appeared at a key U.S. energy major conference in Houston on Tuesday.
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Energy Market Implications of Ukraine-Russia Ceasefire Could be Huge
Rigzone
Wed, 12 Mar 2025 12:10:16 GMT
'The geopolitical risk premium in the oil and gas markets will fall sharply if a truce is implemented', Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, said.
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Aberdeen Headquartered Company Confirms Intention to Reduce Jobs
Rigzone
Wed, 12 Mar 2025 10:24:02 GMT
'The knock-on effects of the Energy Profits Levy have seen spend delayed on decommissioning across the industry, which is affecting both our rig and engineering activity'.
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The World Has Reached 'Peak Oil Trade', Carlyle's Jeff Currie Says
Rigzone
Tue, 11 Mar 2025 21:00:00 GMT
Conversations about peak oil supply and demand have for decades served as a backdrop to energy markets.
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Oil Prices Rebound as Market Metrics Signal Oversold Conditions
Rigzone
Tue, 11 Mar 2025 19:56:52 GMT
WTI rose 0.3% to $66.25 per barrel, supported by strong supply-demand metrics, even as global economic concerns and trade risks persist.
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USA NatGas Posts Fifth Gain in Six Sessions
Rigzone
Tue, 11 Mar 2025 16:02:19 GMT
Eli Rubin, an energy analyst at EBW Analytics Group, highlighted that U.S. natural gas posted its fifth gain in six sessions on Monday.
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North America Cuts 15 Rigs WoW
Rigzone
Tue, 11 Mar 2025 13:00:17 GMT
North America dropped 15 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
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Oil CEOs Back Trump's Energy Agenda as Crude Hits Fresh Low
Rigzone
Tue, 11 Mar 2025 12:53:28 GMT
Executives from some of the world's top oil and gas producers offered full-throated support for President Donald Trump's 'Energy Dominance' on Monday.
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Crude Prices Drop as US and China Show Signs of Weakness
Rigzone
Mon, 10 Mar 2025 19:51:48 GMT
Oil prices dropped to a six-month low as economic concerns in the US and China raised fears of weakening global demand.
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New Report Shows USA Oil and Gas Wages by Industry
Rigzone
Mon, 10 Mar 2025 15:06:43 GMT
Rigzone takes a closer look at the Texas Independent Producers & Royalty Owners Association's (TIPRO) latest State of Energy report.
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Tanker Collision Off UK Coast Spills Fuel and Ignites Blazes
Rigzone
Mon, 10 Mar 2025 14:35:43 GMT
A cargo ship crashed into an oil tanker off the UK's east coast.
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Oil Gains on Truce Hopes but Closes Week Lower
Rigzone
Fri, 07 Mar 2025 21:04:46 GMT
WTI climbed 0.7% to settle at $67.04 a barrel, yet oil remains down 3.9% for the week as trade and supply concerns continue.
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USA Won't Hesitate on Russia and Iran Sanctions, Bessent Says
Rigzone
Fri, 07 Mar 2025 21:00:00 GMT
The U.S. will not hesitate to go 'all in' on sanctions on Russian energy if it helps lead to a ceasefire in the Ukraine war, Treasury Secretary Scott Bessent said Thursday.
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