Suriname Scores Two-Notch Moody's Upgrade on Oil Windfall
'We expect the start of the oil production to lead to a period of very high growth rates, and government revenue from the project to be very large relative to its debt stock and gross financing needs'.
Modi Touts Closer Russia Ties at BRICS Summit Amid USA Annoyance
India's friendship with Russia, which has become a major oil supplier to the south Asian nation, has increasingly irritated U.S. President Joe Biden's administration.
Oil Climbs as Traders Track War and Cease-Fire Talks
Oil prices rose as escalating tensions between Israel and Iran led to heightened concerns about supply disruptions.
US Lawmakers Call for Technology Transfer Sanctions on Russian Oil Sector
Bipartisan lawmakers raised alarm over alleged contracts, technology exports, tech patents and hiring undertaken by SLB in Russia after the invasion of Ukraine.
Bay of Campeche Sees Increase in Maritime Robberies, Dryad Says
The situation in the Bay of Campeche shows signs of potentially becoming a more established piracy cluster if left unchecked, Dryad warned.
European Gas Steadies as Traders Eye Near-Term Geopolitics Risks
European natural gas prices fluctuated as traders remained fixated on near-term geopolitical risks in the Middle East.
Moody's Says Cybersecurity a High Priority for Oil, Gas
'Cyber commitments among oil and gas companies we rate exceed the cross-sector corporate average in our 2023 survey'.
Corpus Christi Port in Texas Sees Increase in Crude Oil Volumes
The port's total volume broke the record of the third quarter of 2023 as the highest quarter in its history, thanks to an increase in petroleum shipments.
ExxonMobil Completes Kipper Field Compression Project
The project maintains production of 'critical natural gas supplies' from the Kipper field.
North America Enters Rig Loss Streak
North America cut three rigs week on week, according to Baker Hughes' latest rotary rig count.
CNOOC Achieves Eighth Field Startup this Year
CNOOC continues a flurry of production ramp-up in the South China Sea.
Enbridge Seeks Talks with Indigenous Groups on Potential Partnership
Enbridge invited indigenous communities in Canada to discuss a financial partnership similar to an earlier $809 million sale of a stake in some of its pipelines to such groups.
Enbridge Seeks Talks with Indigenous Groups on Potential Partnership
Enbridge invited indigenous communities in Canada to discuss a financial partnership similar to an earlier $809 million sale of a stake in some of its pipelines to such groups.
IEA Opens First Office Outside of Paris HQ in Singapore
'The opening of the IEA's new office in Singapore is a historic moment for the IEA and signals a step change in our relationship with Southeast Asia'.
Eni's Plenitude Breaks Ground for Solar Project in Spain
The solar plant in Salamanca will have an installed capacity of 220 MW.
Oil Rises Amid Middle East Tensions and Chinese Economic Support
Oil prices climbed after last week's decline, driven by Middle East tensions and China's economic stimulus, with WTI settling above $70 and Brent over $74 a barrel.
Nigeria Approves Exxon Oil Asset Sale, Rejects Shell Deal
The decisions end a more than two-year delay to the conclusion of Exxon's $1.3 billion deal, but stymies Shell's plans for the West African nation.
Two Puerto Rico Solar Farms Get $861 Million Loan Guarantee from DOE
The DOE agreed on a $861.3 million loan guarantee for two PV generation projects in Puerto Rico with an aggregate capacity of 200 MW.
Oil Market Battling Between These 2 Things, Analyst Highlights
In a report sent to Rigzone today, Bjarne Schieldrop, the Chief Commodities Analyst at SEB, highlighted that the oil market is 'battling' between two things.
Petrofac Secures another Forbearance Extension over Non-Payment of Debt
Petrofac's creditors have again agreed not to pursue legal action over the company's failure to pay interest on $29 million bonds.
