Sound Energy Closes Divestment of Moroccan Assets
'This is a transformative transaction for Sound Energy, unlocking significant value and we look forward to the new chapter of Tendrara development and exploration activity in Morocco'.
Oil on Track to Average $80 in 2024, JP Morgan Highlights
J.P. Morgan analysts highlighted that Brent crude oil 'is on track to average $80 per barrel in 2024', which they pointed out is $3 below their projections from last June.
Vitesse to Acquire Williston Basin Producer Lucero
Vitesse signed a deal to acquire Lucero, an oil and gas producer focused on the North Dakota side of the Williston Basin, in an all-stock transaction with a diluted equity value of $222 million.
EU Agrees to Install Up To 89 GW of Offshore RE Generation Capacity by 2030
EU member states reached initial agreements on targets for offshore renewable generation capacity up to 2050, starting with an overall goal of 86–89 GW by 2030.
USA Crude Oil Inventories Drop WoW
Crude oil stocks, not including the SPR, stood at 421.0 million barrels on December 13, according to the EIA.
EU Agrees to Install Up To 89 GW of Offshore Wind by 2030
EU member states reached initial agreements on targets for offshore wind generation capacity up to 2050, starting with an overall goal of 86–89 GW by 2030.
Croatia Aids Serbia Bid to Avert US Sanctions on Gazprom Unit
Croatia's premier said European Union leaders will seek a solution to help Serbia steer clear of sanctions targeting a key oil refiner controlled by Russia's Gazprom.
TotalEnergies Proceeds with Sale of 50 Pct Stake in West Burton Energy
TotalEnergies agreed to sell 50 percent of its ownership in West Burton Energy to EPUK Investments.
Oil Sector Lobbies Trump to Spare It from Tariffs and Regulation
Proposals are spread across 42 pages of memos to 10 agencies the American Petroleum Institute is presenting to Trump's transition team.
Oil Settles Below $70 on Stronger Dollar
Oil dropped below $70 as a surging dollar and weaker Chinese demand outlook weighed on prices, with looming oversupply keeping traders cautious.
USA Natural Gas Is Catching a Bid Today
U.S. natural gas is catching a bid today with two drivers, Art Hogan, Chief Market Strategist at B. Riley Wealth, told Rigzone in an exclusive interview.
Orsted Picks Amanda Dasch to Lead Its Americas Operations
Dasch joins Orsted after 20 years at Shell, where she was most recently Vice President of Renewable Generation Americas.
California Gets Federal Clearance to Ban New Fossil Fuel Cars from 2035
The EPA granted waivers for two regulations in California that aim to reduce transport emissions, including one that will phase out the sale of new fossil fuel vehicles by 2035.
BP, Iraq Advance Redevelopment of Kirkuk Oil and Gas Fields
The British oil giant has a long history with the second-largest producer in the Organization of Petroleum Exporting Countries.
DOE Releases Updated Study on LNG Exports, Industry Reacts
The API, AXPC, NOIA, and AEA have all reacted to the updated study.
Chevron Gets Another Permit to Study Potential CCS Offshore Australia
The G-20-AP permit covers an area of about 857.92 miles adjacent to Barrow Island.
Saipem Secures Contracts for UK Carbon Capture Projects
When completed, the projects will contribute to the realization of the first zero emission industrial hub in the Northeast of England.
Chevron, Woodside Consolidate LNG Assets in Australia in Swap Transaction
Woodside and Chevron Australia entered an agreement to swap assets including the Wheatstone and North West Shelf gas projects in Western Australia.
Oil Market Becoming Less Bearish, Macquarie Strategists Say
'If prices don't break below $70 by 2Q25, the bear thesis will need to be revisited', Macquarie strategists said.
Baltic, Nordic States Intensify Crackdown against Russia's ‘Shadow Fleet'
The UK, Denmark, Sweden, Poland, Finland and Estonia will require 'suspected shadow vessels' to show proof of insurance.
