Change at LNG Canada Helm as Cooper Takes Over from Klein
Chris Cooper, currently Senior Vice President for Phase 1 Pipeline and Expansion, will succeed Jason Klein as President and CEO effective April 1, 2025.
Nigeria Approves Shell's $1.3 Billion Sale of Onshore Assets to Renaissance
Nigeria approved a $1.3 billion deal that would see a group of local companies buy Shell's onshore assets in Africa's biggest crude producer.
Oil Gains on US Exports, Fed Outlook Curbs Gains
Oil prices rose on strong US crude exports signaling firm global demand but pared gains after the Federal Reserve scaled back rate cut expectations, boosting the dollar and weighing on commodities.
Saudi Arabia Taps Aramco Oil Field Brine in Lithium Battery Push
Saudi Arabia is exploring projects that can produce lithium for batteries.
Denmark Warns Russia May Send Warships to Escort Oil Tankers
Denmark warned that Russia's navy may start escorting the so-called shadow fleet tankers through Danish straits.
USA Will See Least Crude Oil Net Imports in a Year Since 1971 in 2025
The EIA noted in its December STEO that a combination of increasing domestic crude oil production and decreasing U.S. refinery runs means reduced net imports of crude oil next year.
INEOS to Acquire CNOOC Assets in US Gulf of Mexico
The acquisition consists of non-operating stakes in deepwater early-production projects Appomattox and Stampede, as well as 'several mature assets and supporting business'.
USTDA Aids Methane Emissions Reduction in Egypt Oil and Gas Industry
The U.S. Trade and Development Agency awarded a technical assistance grant to Egyptian General Petroleum Corp.
Parex Acquires Stakes in Colombia Assets
The Putumayo collaboration agreements 'establish a new core area' for Parex.
Equinor Makes Discovery Near Troll Field in North Sea
Equinor announced that it has made a discovery 17km (10.5 miles) west of the Troll field in the North Sea.
What to Watch in Oil in 2025
Rystad Energy and BMI highlight a range of trends and themes to watch out for next year.
Kazakhstan Bucks OPEC+ Production Cuts Extension
'I order the Energy Ministry to intensify efforts to increase natural gas and oil output,' Prime Minister Olzhas Bektenov told a government meeting.
QPM Secures Four-Year Dispatch Rights for Moranbah Power Station
Carbon Logica will buy the 12.8-MW gas-fueled station from Sustainable Energy Infrastructure and lease it to QPM, which can acquire the station after the four-year operating agreement with Carbon Logica ends.
UK, Norway to Launch Clean Energy Partnership Next Year
The partnership focuses on cross-border carbon capture opportunities in the North Sea.
Uniper Seeks Buyers for 18.26 Percent Stake in Baltic Gas Distributor
The sale is part of divestments that Uniper agreed to for the European Commission to approve its bailout by the German government in 2022.
OMV, Wien Energie Start Work on Vienna's First Deep Geothermal Plant
OMV and Wien Energie started drilling to a depth of about 9,840 feet for their joint geothermal project in Aspern (Vienna-Donaustadt).
Oil Drops as Equity Market Weakness and Chinese Data Weigh on Prices
Crude has fallen about 14 percent in the second half of this year on concerns about the outlook for 2025.
UK Targets Russian Oil Trading 'Lynchpins' in Fresh Sanctions
The UK announced fresh sanctions targeting alleged 'lynchpins' that enable the trade of Russian oil.
How Much Crude Oil is the USA Producing?
Rigzone takes a look at the latest EIA data.
Shell Approves Phase 3 of Silvertip in US Gulf of Mexico
The phase 3 project involves two wells with a combined capacity of 6,000 boed.
