Industry News

Phillips 66 approved a natural gas processing project and a natural gas liquids fractionator project, both expected to start operations 2028.

The U.S. Energy Information Administration lowered its Henry Hub spot price forecasts for 2026 and 2027 in its latest short term energy outlook.

Nigerian oil companies are plowing windfall gains from the Iran war crude rally into near-term extraction projects.

ConocoPhillips signed a 30-year deal with Glenfarne to supply natural gas produced on Alaska's North Slope to the state under phase 1 of the Alaska LNG project.

The Tulsa, Oklahoma-based producer reported $7.68 million in sales revenue for the first quarter, down from $8.99 million for the same three-month period last year due to lower production and lower realized oil and gas prices.

Rigzone talks to Simon Henderson, director of the Washington Institute's Bernstein Program on Gulf and Energy Policy, and Howard Shatz, a senior economist at RAND and a professor of policy analysis at the RAND School of Public Policy.

U.S. President Donald Trump's Iran comments are directly shaping the oil ecosystem, Naeem Aslam, CIO at Zaye Capital Markets, said.

Aramco and Pasqal said they had inaugurated Saudi Arabia's first quantum computer and launched the Middle East's first commercial quantum-computing-as-a-service platform.

The UK will effectively loosen some Russian sanctions by allowing imports of diesel and jet fuel refined from Moscow's crude in countries like India and Turkey.

House lawmakers made public a massive transportation bill Sunday that would impose new fees on electric vehicles.

Oil settled lower as traders weighed renewed US threats against Iran.

Such a move would represent a shift in the military alliance's strategy toward the U.S.-Israeli war in Iran.

Voting concluded with 46 Yeas to 43 Nays, the senate.gov site showed.

The New York-listed companies said the all-stock merger would create the world's biggest regulated power utility by capitalization.

OMV began production at what it says is Austria's biggest natural gas discovery over the past 40 years, which the company expects will double its output at home when the development reaches capacity.

GasBuddy warned that the next U.S. gasoline price spike 'could arrive just before Memorial Day'.

ADNOC signed agreements with state-owned Indian Strategic Petroleum Reserves and Indian Oil to support Indian energy security and pursue energy trading collaboration.

Rigzone talks to Chris Newton, a Senior Early Warning Analyst at the International Crisis Group, and Dalia Salem, Senior Research Analyst of Middle East Upstream at Wood Mackenzie.

The Australian government said it has secured three shipments of jet fuel totaling more than 600,000 barrels from China and is pursuing negotiations with more neighboring countries for fuel supply.

'I put it off for a little while, hopefully maybe forever, but possibly for a little while, because we've had very big discussions with Iran', the U.S. president said.