The latest oil and gas news from around the world.
Updated: 35 min 39 sec ago
LongPath's Methane Monitoring Technology Gets $162.4 MM DOE Loan Guarantee
LongPath aims to deploy its Active Emissions Overwatch System to provide emissions detection, location, and quantification services for tens of thousands of oil and gas sites.
Suriname Rules Out Borrowing More Against $26B Oil Patch
Suriname is on the verge of becoming a major South American energy producer.
Cepsa May Follow Repsol and Curb Green Hydrogen Investments
'Cepsa is evaluating the fiscal impact of possible approval of a new permanent tax in Spain'.
WTI Breaks Key Level, Closes Week Higher
Oil prices rose this week as escalating Middle East tensions and potential shifts in OPEC output spurred trading volatility, pushing WTI and Brent above key price levels.
Valero Q3 Refining Margin More Than Halved Year-on-Year
Valero reported $364 million in net income attributable to shareholders for the third quarter, 86.1 percent lower than the same three-month period last year as its average refining margin slumped 55.4 percent.
Oil Prices Continue to Yo-yo
'Oil prices continue to yo-yo between $70 and $80 per barrel', a BofA Global Research report sent to Rigzone today stated.
Equinor Q3 Profit Down Year-on-Year as Output Dips
Project turnarounds offset stronger production in Norwegian waters.
Polarizing Pipeline Law Is on the Ballot in Major Corn State
When South Dakota voters cast their presidential-year ballots on Nov. 5, they'll also decide whether to reject a law passed earlier this year that's viewed by opponents as pro-pipeline.
EU Gas Retail Prices in Second Quarter Down 10 Percent Year-on-Year
Compared to the average retail gas price in Q1 2021, the period before the energy crisis that continued into 2022, retail prices in Q2 2024 represents a 53 percent increase.
Energy CEOS Displaying Surprising Confidence
KPMG revealed that a survey of 120 energy, natural resources, and chemicals (ENRC) sector leaders from across the globe found that CEOs in the ENRC space 'are displaying surprising confidence'.
Eni to Restructure, Inject New Capital into Biofuel and Chemical Units
The financial and operational restructuring for Enilive and Versalis involves new capital for both units and a farm-out of a quarter of Enilive's equity.
Analysts Look at Natural Gas Price Rise
'The potential for a sharper bounce was in the technical set up', B. Riley Wealth's Chief Market Strategist told Rigzone.
Air Liquide Q3 Revenue Slips Year-on-Year
The industrial gas producer logged $7.3 billion in revenue for Q3.
Globe on Course for Warming of Up To 3.1C, Warns UN
'We need global mobilization on a scale and pace never seen before — starting right now, before the next round of climate pledges — or the 1.5C goal will soon be dead'.
Russia Says It Can't Build All the Vessels It Needs for Arctic Route
The Northern Sea Route stretches some 5,600 kilometers along Russia's coast between Norway and Alaska, offering a shorter passage to Asia than the Suez Canal.
Oil Drops Amid Supply Glut Fears
Oil prices dipped as concerns about oversupply outweighed the risks of Middle East tensions.
SEFE Inks 10-Year Deal for Up To 317.8 Bcf of Gas from ConocoPhillips
The supply will be sourced from ConocoPhillips' European portfolio.
USA EIA Slashes WTI Oil Price Forecast
The U.S. Energy Information Administration cut its West Texas Intermediate oil price forecast for both 2024 and 2025.
Energy-Intensive SE Asia Needs Quick RE Roll-Out to Hit Climate Goals: IEA
'The region's growing emissions and exposure to fossil fuel volatility are strengthening the case for an accelerated rollout of clean energy technologies'.
Saudi Oil Export Revenue Slumps to Lowest in Over 3 Years
The Saudi economy is still largely dependent on oil income for growth.
