Industry News

Seadrill sold the West Prospero rig to an undisclosed buyer for $45 million, exiting the jack-up sector.

AltaGas said it continues to advance additional long-term tolling arrangements.

When Jenniffer Gonzalez takes over as Puerto Rico governor on Thursday she will have to navigate one of the biggest energy messes in the United States.

Annual LNG shipments are set to rise 0.4 percent to roughly 414 million tons this year, according to data compiled by Kpler.

Oil prices rose in thin holiday trading to close out 2024, with WTI up 1% and Brent down 3% for the year, as the market balances Chinese economic recovery against looming oversupply concerns.

The Texas Railroad Commission announced that it has 'adopted a significant overhaul of rules regulating oil and gas waste management facilities in Texas'.

Bullish oil bets reached a four-month high in the penultimate week of 2024.

Crude oil stocks, not including the SPR, stood at 416.8 million barrels on December 20, according to the EIA.

Electricity customers of Duke Energy in Florida will see a storm-related rate increase in 2025 and 2026 after the power and gas utility filed a plan with the state regulator to recover about $1.1 billion in costs from hurricane response efforts.

Baytex said it has updated its 2025 production guidance to 148,000 to 152,000 boepd from 150,000 to 154,000 boepd.

The EIA's latest STEO offered a projection.

One of India's largest refiners has been forced to seek alternative and more expensive crude cargoes from the Middle East to make up for lower supplies from Russia.

The project involves the conversion of about 50,000 tons a year of organic residues produced at a PepsiCo food production facility into RNG to be used within the facility.

Eni put onstream the second phase of the Baleine field in the Ivorian deepwater, increasing the field's capacity to 60,000 bopd and 70 MMcfd of associated gas.

Carlos Slim, Latin America's richest man, plowed $1 billion this year into growing his crude-oil producing and refining portfolio.

Oil closed near $71, supported by colder weather, rising natural gas prices, and technical buying, as traders assess 2025 supply risks and geopolitical tensions.

Uranium exploration company Snow Lake Resources Ltd. has secured funding to progress its exploration programs.

Rigzone talks to analysts about the U.S. natural gas price.

'This type of legislation represents nothing more than a punitive new fee on American energy, and we are evaluating our options moving forward', lobby group the API warned.

The EXIM board approved about $527 million in financing for an ExxonMobil-supported gas-to-power project that the export credit agency said would double Guyana's installed generation capacity.