The latest oil and gas news from around the world.
Updated: 14 min 42 sec ago
USA Oil Production Unlikely to Surge Under Trump, StanChart Says
'There is a recent media narrative that the second Trump administration will lead to a surge in U.S. oil production'.
Devon Raises 2024 Projected Production
Devon bumped up its output guidance for 2024 to between 811,000 and 830,000 boed, supported by newly acquired assets in the Williston Basin.
North America Loses More Rigs
North America dropped six rigs week on week, according to Baker Hughes' latest rotary rig count.
QatarEnergy to Acquire 23 Percent Stake in Block Offshore Egypt
Chevron agreed to sell a 23 percent interest in North El-Dabaa, on the Egyptian side of the Mediterranean Sea, to QatarEnergy.
Blast at PDVSA Gas Pipeline Halts Over 60 Percent of Venezuela Fuel Supply
The explosion at a key natural gas production facility run by Petroleos de Venezuela has shut more than 60 percent of the country's fuel supply.
CNOOC Starts Production at Long Lake Oil Sands Project in Canada
The Chinese state-backed E&P company expects to achieve a peak production of 8,200 barrels of crude oil per day next year at the Alberta project.
COP29 Negotiators Agree on Global Carbon Market Mechanism
Climate negotiators secured a breakthrough on day one of the COP29 climate summit.
EOG Posts $1.6 Billion Profit for Third Quarter
'We are on track to return more than 85 percent of our expected full-year free cash flow to shareholders and have the potential for additional cash return over the balance of the year'.
Blast at PDVSA Gas Pipeline Halts Over 60 Percent of Venezuela's Supply
The explosion at a key natural gas production facility run by Petroleos de Venezuela has shut more than 60 percent of the country's fuel supply.
Senegal to Commit to $2.7B Green Transition Plan
Negotiations over the pact with some of the world's richest nations had been slowed by a change of government in Senegal this year.
WTI and Brent Drop on Soft China Demand
Oil prices continued their decline as weak demand signals from China and easing market tightness pressured crude futures, with WTI settling near $68 and Brent below $72.
Marathon Oil Raises Full-Year Production Guidance, Q3 Income Slips
Marathon Oil now expects to produce 192,000 net bopd and 393,000 boepd.
Trump Is Likely to Exempt Canadian Energy From Tariffs, Wilbur Ross Says
Canada is the largest external supplier of energy to the United States.
US DOE Awards Final Contracts under SPR Replenishment Program
The replenishment program is set to exceed the war-induced release from the SPR in 2022 by 20 million barrels.
Analysts Explain Why USA Natural Gas Price is Rising
Why is the U.S. natural gas price rising today? That's the question Rigzone asked several analysts on Monday.
Oil Players Eagerly Anticipating What Lies Ahead After Trump Win
'Regardless of geopolitical uncertainties and the recent election outcome, persistent trends in oil markets are likely to shape the outlook ahead', Rystad stated in a market update sent to Rigzone.
Equinor to Increase Stake in Halten East Unit
Halten East is an ongoing offshore development located in the Kristin-Åsgård area in the Norwegian Sea.
ENGIE to Build Three Solar Farms in Ireland
The three projects will have an installed capacity of 18 MWp.
California Levels Up Rules to Reduce Fuel Carbon Intensity
California's air regulators bucked concerns about increases in transport fuel prices to pass requirements that accelerate fuel carbon intensity reduction.
