Industry News

Benchmark diesel futures are showing signs of market tightness in Europe.

The transaction is expected to close in the second half of 2025, subject to customary closing conditions and regulatory approvals.

The total North America rig count stands at 833, according to Baker Hughes' latest North America rotary rig count.

Denver-based CloudBurst expects to reach FID for the data center later in the year.

Aker BP said its oil and gas production for the fourth quarter of 2024 rebounded.

The new project is expected to raise production in the Buzios oilfield offshore Brazil to as much as one million bpd by the second half of 2025.

Rigzone talks to Ed Morse, a Senior Adviser at Hartree Partners, Kristian Coates Ulrichsen, a fellow for the Middle East at Rice University's Baker Institute for Public Policy, and Doug Bandow, a Senior Fellow at the CATO Institute.

BP expects an additional production of 220 billion cubic feet of natural gas and seven million barrels of condensate.

'In the end, the people are robbed by the intermediary and the fame goes to the government'.

The European Commission issued so-called reasoned opinions to several member states for failing to comply with energy-related laws.

'We are technologically ready to produce biodiesel of vegetable origin as well as sustainable aviation fuel'.

Egypt and Cyprus on Monday signed deals for the reexport and commercialization of Cypriot gas.

'We do not take these actions lightly and will support our employees through the transition', Chevron Corporation Vice Chairman Mark Nelson said.

The U.S. DOE granted a conditional permit for non-FTA exportation for Commonwealth LNG, a Louisiana project of Kimmeridge with a planned capacity of 9.5 million metric tons a year.

The power, gas and water utility serving New England reported $72.52 million, or $0.2 per share, in net income for Q4 2024.

The transaction could be valued at more than $5 billion, the Wall Street Journal reported Friday, citing unnamed sources.

TotalEnergies will supply GSPC with LNG for ten years starting in 2026.

ORLEN Group said it has discovered a new gas field in Poznan.

The EIA projected in its latest STEO that the Henry Hub spot price will come in at $3.70 per MMBtu in the first quarter of this year.

BP said it plans to assemble a team of technical experts to begin work in March.