Industry News

Benchmark futures gained as much as 2.7 percent on Monday. They're up almost 20 percent since the start of November.

'We have a strong history of seamlessly integrating assets and we expect to deliver synergies of over $1 billion on a run rate basis in the next 12 months'.

Rigzone takes a look at just how much crude oil the world is currently producing.

The U.S. oil and gas pipeline operator will purchase the remaining issued share capital of EnLink, which it recently took over from Global Infrastructure Partners.

Global oil and gas contract activity saw a 35 percent quarter on quarter decrease in total disclosed value, GlobalData stated.

TotalEnergies is making divestments to partner QatarEnergy after purchasing additional stakes from a third partner in the leases earlier this year.

One of Malaysia's wealthiest states is trying to seize control of the nation's biggest gas reserves, complicating relations in the ruling coalition and threatening a blow to federal revenues.

The three firms intend to collaborate on the design and construction of crew transfer vessels.

The vessels will provide maintenance, supply, and operational services to offshore platforms in the oil and gas sector.

ExxonMobil transferred its 50 percent stake to partner Petronas.

TotalEnergies will deploy its AUSEA technology at OIL sites in India.

Activity appears to have slumped at Russia's only construction yard for liquefied natural gas modules.

Oil prices rose on escalating tensions in Russia and Iran, tightening supplies, and equity market gains, despite headwinds from a strong dollar and supply concerns.

China's small, private refiners are paying up for Iranian oil due to reduced flows and few offers.

BP, Chevron, Eni, ExxonMobil, Shell and TotalEnergies have announced a total of 43 biofuel production projects, which have a combined 286,000 bpd of capacity at the turn of the decade, according to new research by Rystad.

'Over 2024 and 2025, India accounts for 25 percent of total oil consumption growth globally', the EIA said.

LandBridge agreed to acquire about 46,000 largely contiguous surface acres in the Southern Delaware Basin from VTX Energy Partners for $245 million.

Several members said they haven't yet received invitations for an in-person gathering of the alliance.

The EIA's next weekly petroleum status report will be published on November 27.

The project will help AES Indiana phase out the use of coal and reduce carbon dioxide emissions by converting the 1,160-megawatt (MW) Petersburg plant's two coal-fired boilers to use natural gas as fuel