Industry News

Ovintiv also entered into a definitive agreement to sell substantially all of its Uinta Basin assets located in Utah, to FourPoint Resources, LLC, for total cash proceeds of approximately $2.0 billion.

Could the U.S. election outcome affect the Middle East conflict? If so, how, and what would this mean for oil prices?

The commitments raise the total funding on offer in the second European Hydrogen Bank auction to $2.12 billion.

North America dropped eight rigs week on week, according to Baker Hughes' latest rotary rig count.

The complex is planned to have a refinery with a capacity of 16 MMtpa, an ethylene unit with a 1.5 MMtpa capacity, a plant to produce two million tons of paraxylene and derivatives, and a 300,000-ton oil terminal.

The investment will focus on Sub-Saharan Africa, South Asia and Southeast Asia.

Petrobras plans to boost spending on new oil drilling and other projects by almost nine percent to $111 billion in the next five-year plan.

Oil closed over 3% higher, driven by geopolitical tensions, a weaker dollar, and supply disruptions, despite bearish contango signals in WTI futures.

Greece's navy extended for a sixth time a series of naval drills.

Rigzone talks to Corey Ranslem, the CEO of Dryad Global, and Aaron Roth, principal and head of federal strategy at security risk management company the Chertoff Group.

Chevron Australia said the remittance to the Australian government fell despite record gas production because lower prices dragged down revenue.

President-elect Donald Trump nominated Chris Wright to lead the Energy Department.

'Together, we are committed to systematically de-risking and unlocking the vast resources in Vaca Muerta, creating substantial long-term value for our shareholders and stakeholders'.

The U.S. Energy Information Administration revealed its latest Henry Hub natural gas spot price forecast for 2024 and 2025 in its November short term energy outlook.

'The funding will help climate vulnerable countries, including African nations and small island states, to develop new low-carbon technologies, with innovations in energy storage, zero emission generators and clean transport'.

Nigeria's crude production could rise to two MMbd by the end of 2024, the national oil and gas company said.

Rigzone talks to several recruitment experts.

Equinor put the size of the discovery between 13 MMboe and 28 MMboe, just over half of which is gas.

The EIB, the European Commission and the Solar Impulse Foundation launched a partnership to spur energy efficiency investments benefiting SMEs in the EU.

'The Empire team is progressing the final remaining approvals required to sell gas produced from the Carpentaria Pilot Project under the NT Petroleum Act's Beneficial Use of Test Gas provisions'.