Industry News

WTI crude dropped 2.5% on demand fears and rising global economic uncertainty.

Woodside will deliver 1 MMtpa from Louisiana LNG and the remaining half from its global portfolio.

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

Valery said it may end fuel production at its Benicia refinery next year and is evaluating 'strategic alternatives' for its assets in California.

Until recently, oil traders complained that it was almost impossible to wring profits out of a listless and rangebound crude market.

That was down 8 percent from the prior three-month period as lower natural gas prices offset an increase in gas sales volumes.

Empire received a notice from the Bureau of Ocean Energy Management (BOEM) ordering the company to halt all activities on the outer continental shelf until the agency completed its review.

The sale and purchase agreements are subject to Woodside's final investment decision on the three-train 16.5 mtpa foundation development of Louisiana LNG.

In its April STEO, the EIA highlighted that the U.S. on-highway diesel fuel price averaged $3.63 per gallon in the first quarter of 2025.

The $107 million project includes multiple measures aimed at boosting production efficiency and increasing recoverable reserves by approximately 12 million barrels.

'The approved scheme will support construction of up to 345 megawatts of installed electrolyzer capacity, and the production of up to 221,000 tonnes of renewable hydrogen in Spain'.

Rigzone talks to Caleb Jasso, a senior policy advisor at the Institute for Energy Research, and Ellen R. Wald, the president of Transversal Consulting.

The contract is for the supply of gas to Kesem's new power plant in HaMerkaz, Israel, which is estimated to be operational before the end of the decade.

A French court allowed Naftogaz to seize Russian assets in French territory as part of the Ukrainian oil and gas company's international efforts to realize a $5 billion arbitral award.

The EU's imminent release of a roadmap for phasing out Russian fossil fuel purchases will signal to companies that they should source more LNG from the U.S., the European Council president said.

'Our regional geological models indicate that the promising Fold Belt play, known for hosting some of the world's largest fields and covering extensive areas, likely extends into Angola'.

U.S. Energy Corporation strengthened its industrial gas and carbon capture platform in Montana by acquiring a privately held company for $0.2 million.

Carney's Liberals lead by several percentage points in most polls.

Shell has been looking to offload the assets, which include about 600 fuel stations and trading operations in Africa's biggest economy, as part of a broader strategy to focus on regions and businesses that offer higher returns.

In its latest STEO, the EIA projects that the U.S. regular gasoline price will average $3.10 per gallon in the second quarter of this year.