The latest oil and gas news from around the world.
Updated: 50 min 29 sec ago
Nigeria Oil Production Reaches 1.8 Million Barrels a Day
Nigeria's crude production could rise to two MMbd by the end of 2024, the national oil and gas company said.
Will Trump Victory Affect Oil and Gas Hiring in the USA?
Rigzone talks to several recruitment experts.
Equinor Makes Oil and Gas Discovery in Norwegian North Sea
Equinor put the size of the discovery between 13 MMboe and 28 MMboe, just over half of which is gas.
European Commission, EIB Launch Energy Efficiency Initiative for SMEs
The EIB, the European Commission and the Solar Impulse Foundation launched a partnership to spur energy efficiency investments benefiting SMEs in the EU.
Empire Energy Receives Carpentaria Project EMP Approval
'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'.
Carbon Clean Inks Deal Completing CycloneCC Supply Chain
Montz, a Koch Engineering Solutions company, becomes a supplier for Carbon Clean's modular carbon dioxide (CO2) capture technology.
Saudis Said to Resist Restating Fossil Fuel Transition Pledge at COP29
A fight is building at the UN climate talks over whether countries should recommit to last year's historic pledge to transition away from fossil fuels.
EIB Backs Polish Energy Transition with $220 Million Loan to Orlen
The loan is the first financial injection following EIB's approval of $854.6 million in financing to boost the network of Orlen's Energa in 2024 and 2025.
Why Iran's Blackouts Keep Happening Despite Vast Gas Reserves
Iran has the world's second-biggest reserves of natural gas.
Fracking Boss Picks Up Endorsements to Be Trump Energy Secretary
The head of Liberty Energy Inc has gained prominent endorsements as a potential pick for Donald Trump's energy secretary.
WTI Sinks as Ukraine Talks and Oversupply Weigh on Markets
Oil prices dropped sharply as oversupply concerns and Ukraine's calls for peace fueled bearish sentiment, with WTI settling at its lowest level since September.
Harbour Narrowly Raises Output Projection after Wintershall Dea Acquisition
The guidance is about half of Harbour's projected pro forma production of 500,000 boed following its purchase of the upstream operations of Germany's Wintershall Dea AG, except those in Russia.
Why Has the USA Natural Gas Price Been Dropping?
Rigzone talks to several analysts.
Occidental Beats Estimates, Helped by Higher US Sales Volumes
Occidental reported a third-quarter adjusted profit of $977 million, supported by higher domestic oil and gas sales volumes amid a fall in realized prices in the United States and abroad.
Russia Envoy Backs Paris Climate Deal, Hopes Trump Will Too
Russia ratified the 2015 Paris climate agreement only in 2019.
ADNOC Gas Plans $15B Capex for Next Five Years, Driven by UAE Gas Demand
'In the UAE, the annual growth in gas demand to 2030 is expected to be 6 percent, versus an expected 2 percent at the time of the IPO'.
Signs of US Production Increase Could Trigger OPEC+ Response, Stratas Warns
'The U.S. oil sector ... does not exist in a vacuum', a Stratas Advisors report noted.
KBR Scores FEED Contract for Oman LNG Project
KBR will provide engineering services for the complex's fourth liquefied natural gas (LNG) train, which will have a capacity of 3.8 million tons per annum.
USA EIA Lowers 2025 Oil Price Forecast
The U.S. Energy Information Administration lowered its Brent spot average price forecast for next year in its latest short term energy outlook.
OMV Wins $243 Million Arbitral Award vs Gazprom over Undelivered Gas
The Austrian oil and gas distributor won an arbitral award of damages against Russia's Gazprom over failures to deliver contracted gas.
