The latest oil and gas news from around the world.
Updated: 33 min 43 sec ago
North America Breaks Rig Loss Streak
North America added one rig week on week, according to Baker Hughes' latest North America rotary rig count.
Eni Raises Share Buyback Plan to $3.3B
The Italian state-backed energy major plans to raise its share repurchase program by 90 percent from the initial plan to EUR 2.8 billion on a stronger cash flow projection driven by higher oil prices.
BP Emerges as Top Big Oil Stock During Iran War
BP Plc, long the laggard among oil supermajors, is emerging as the sector's top stock during the Iran war.
Most Oil Execs See USA Oil Output Increasing Due to War
Most executives expect U.S. oil production to increase in response to the Iran war, an update to the first quarter Dallas Fed Energy Survey stated.
Alarm Bells Will Ring Loudly If Hormuz Doesn't Open in May
Alarm bells will ring loudly if the Strait of Hormuz does not reopen during May, SEB Chief Commodities Analyst Bjarne Schieldrop stated.
Kernel Loans $45MM from EBRD for Ukraine Solar Project
The agribusiness secured a $45-million loan from the European Bank for Reconstruction and Development for an energy storage-supported solar farm with a capacity of 106 MW in southern Ukraine.
TotalEnergies Greenlights Battery-Backed Wind Project in Kazakhstan
TotalEnergies and its local partners agreed to proceed with a $1.2-billion onshore wind plus battery energy storage system project capable of powering 1 million people in Kazakhstan.
Iberdrola Completes Mexico Exit
Iberdrola completed the sale of its Mexican assets, including 2.6 GW of installed capacity, to fellow Spanish company Cox for $4 billion.
Iran Top Diplomat in Russia as US Talks in Limbo
Araghchi said he needed to coordinate with Russian officials after the U.S.-Israeli military campaign against the Islamic Republic disrupted bilateral meetings.
CenterPoint Targets 8 GW of Data Center Load in 3 Years
CenterPoint announced plans to energize 8 GW of generation projects catered to data centers by 2029.
EU Starts Roll Out of Russian LNG Import Ban at Tricky Time
Europe is beginning the roll-out of a ban on imports of Russian liquefied natural gas at a difficult time.
Iran Keeps Loading Oil Onto Tankers Even as USA Blocks Route
Iran is continuing to load millions of barrels of oil onto supertankers.
Oil Falls on Renewed Iran Talk Hopes
Oil prices dipped as potential US-Iran talks raised hopes for restored flows.
White House Extends Shipping Waiver to August
President Donald Trump's administration has given a 90-day extension to a shipping waiver making it easier to move oil, fuel and fertilizer around the United States.
Q1 Dallas Fed Energy Survey Gets Update
The first quarter Dallas Fed Energy Survey has received an update 'in response to recent developments in the global oil market', a statement sent to Rigzone revealed.
ERCOT Sees Demand More Than Quadrupling Current Peak
'The current forecast projects approximately 367,790 Megawatts of demand in the ERCOT Region by 2032', ERCOT said.
There Is a High Risk Being Short Energy, Analyst Warns
There is a high risk being short energy and betting on any immediate political resolution in the Iran conflict, according to SEB Commodities Analyst Ole R. Hvalbye.
GeoPark Continuing Production Up QoQ
GeoPark's divestments in Ecuador and Brazil reduced production but its active countries of operation, Colombia and Argentina, posted increases.
Hormuz Tensions Heat Up
Trump ordered the U.S. Navy to shoot any boat putting mines in the strait.
EIV Capital Raises $1.1B for New Oil and Gas Funds
The Houston-based private equity firm completed a capital raise to launch two oil and gas investment funds, attracting a total of around $1.1 billion.
