Industry News

Subscribe to Industry News feed Industry News
The latest oil and gas news from around the world.
Updated: 14 min 6 sec ago

Seatrium Joins Forces with CSL to Work on Jack-Up Rigs for Indian Market

Wed, 2024-11-27 00:49
Seatrium signed an agreement with Cochin Shipyard to collaborate on the design and supply of critical equipment for jack-up rigs for the Indian market.

Senex Says Atlas Expansion Project on Track to Start Production Early 2025

Wed, 2024-11-27 00:37
The Queensland project is expected to begin delivery of natural gas to the east coast market early next year.

Alberta Plans Legal Challenge to Bypass Trudeau Cap on Oil, Gas Emissions

Wed, 2024-11-27 00:16
Alberta intends to invoke legislation allowing it to defy a federally proposed cap on emissions from the energy industry.

Oil Dips Amid Cease-Fire Hopes and OPEC+ Speculations

Tue, 2024-11-26 15:06
Oil prices fell slightly as expectations of a cease-fire between Israel and Hezbollah eased Middle East supply risks, while OPEC+ weighed delaying production hikes amid geopolitical uncertainty.

Exxon Says 'Drill, Baby, Drill' Is Unlikely Under Trump

Tue, 2024-11-26 14:00
The U.S. is pumping more than 13 million barrels of crude a day.

Phillips 66 Faces Pollution Charges over Wastewater from CA Refinery

Tue, 2024-11-26 09:25
Phillips 66 faces potential fines of up to $2.4 million under charges accusing it of illegally dumping hundreds of thousands of gallons of wastewater from a refinery in California that the company earlier said would cease production by next year.

Oil Prices Steady After Significant Decline

Tue, 2024-11-26 08:34
Christopher Tahir, a senior market strategist at Exness, said oil prices steadied in early trading following a significant decline in the previous session.

BP Greenlights $7 Billion Indonesian Gas Project with CCUS Facility

Tue, 2024-11-26 08:18
The project will develop a three Tcf gas field to supply an existing liquefaction facility and build an associated carbon capture facility.

2 European Oil Refiners Starting Plants to Make Synthetic Oil

Tue, 2024-11-26 08:00
TotalEnergies SE and OMV AG are close to starting up plants that will make synthetic oil from waste plastic.

We're on the Brink of Major Shifts in Oil Market, Rystad Oil Head Warns

Tue, 2024-11-26 06:08
We're on the brink of major shifts in the oil market, Mukesh Sahdev, Rystad Energy Global Head of Commodity Markets - Oil, stated in an oil market update sent to Rigzone.

TotalEnergies Pauses Investing in Adani as US Probes Execs over Bribery

Tue, 2024-11-26 06:03
TotalEnergies said it will not make any new investment in Adani until bribery charges in the U.S. against some executives of the Indian diversified conglomerate are settled.

COP29 Ekes Out Deal for Wealthy Nations to Lead $300B a Year in Financing

Tue, 2024-11-26 04:32
The Least Developed Countries Group called the agreement 'not just a failure' but a 'betrayal'.

North America Finally Breaks Rig Loss Run

Tue, 2024-11-26 03:27
The total North America rig count now stands at 784, according to Baker Hughes.

CoolCo Posts Lower Profit

Tue, 2024-11-26 01:02
The pure-play LNG shipping company spun off from Golar LNG reported $8.1 million in net income for the third quarter.

Velesto, Petronas, NOV Partner to Automate Drilling Operations

Tue, 2024-11-26 00:33
The companies seek to create a joint framework that uses NOV's drilling automation system and other energy carbon optimization solutions on rigs operated by Velesto, with support from Petronas.

Finance Ministry to Tap Banks to Help Pemex Pay Debt with Suppliers

Tue, 2024-11-26 00:17
Mexico's finance ministry is preparing to enlist a consortium of banks to provide financing that Pemex would use to pay off debt with service providers, according to a recording of remarks made by its CEO.

Oil Drops Below $69 Amid Middle East De-escalation

Mon, 2024-11-25 15:04
Oil prices fell as signs of a potential cease-fire in Lebanon reduced supply risks, while traders awaited OPEC+ decisions and monitored Iranian crude output.

Trump Team Preparing Early Action to End Biden's LNG Pause

Mon, 2024-11-25 15:00
The move is part of a broader package of actions on US energy planned for Trump's early days in office.

Natural Gas Is Surging Again

Mon, 2024-11-25 10:58
Rigzone talks to several analysts about the U.S. natural gas price.

European Gas Rises on Cold Weather Forecast and Supply Risks

Mon, 2024-11-25 06:47
Benchmark futures gained as much as 2.7 percent on Monday. They're up almost 20 percent since the start of November.

Pages