Oil Rebounds on Signs of US Output Decline
Diamondback Energy expects a 10% rig drop and warns of a shale tipping point.
European Gas Jumps as EU Outlines Plan to End Russian Supply
The European Commission unveiled a roadmap to switch off the remaining flows of Russian energy.
Russia Mulls Tightening Budget Rule Over Slumping Oil Prices
Russia is considering changing its key budget-building mechanism in response to sliding oil revenue.
Why Is the Oil Price Rising?
Rigzone talks to Tamas Varga, an analyst at PVM Oil Associates, and Rebecca Babin, a senior equity trader for CIBC Private Wealth in New York.
Venture Global Secures $3B Loan for CP2 LNG
Venture Global secured $3 billion in syndicated borrowings to help fund the under-construction CP2 LNG in Cameron Parish, Louisiana.
Commonwealth LNG Inks 20-Year Offtake
Commonwealth LNG roped in an unnamed 'major' Asian customer with the signing of a deal for the supply of 1 MMtpa for 20 years.
Golar, Partners Approve First Vessel in Argentine Gas Export Project
The Southern Energy project partners reached a positive FID and fulfilled conditions for the 20-year redeployment of FLNG Hilli, the first of two vessels for the Argentine gas export project.
Amigo LNG Signs 15-Year LNG Agreement with Oman's OQ Trading
The first LNG deliveries under the agreement are expected to begin in the second quarter of 2028.
Karoon Closes Acquisition of Bauna FPSO Offshore Brazil
'This will enhance our ability to manage operational performance and reduce long-term operating costs'.
How Much Oil and Gas Did ExxonMobil Produce in Q1?
In its first quarter 2025 results statement, ExxonMobil revealed its oil and gas production figures for the first quarter of this year.
North America Loses Rigs for 9 Straight Weeks
North America dropped 11 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Subsea7 Secures Buzios Field Job
Subsea7 has secured a 'super-major' contract for the development of the Bizios 11 field offshore Brazil.
Petronas Lubricants, Quaker Houghton Ink Malaysia, India Deal
Petronas will be the exclusive distributor for Quaker Houghton's metalworking fluids in Malaysia while Quaker Houghton will provide its clients with Petronas lubricants and industrial fluids.
Imperial Oil Sees Increased Profit on Higher Prices
The Canadian integrated oil producer reported about $932.94 million, or CAD 2.52 per diluted share, in net income for Q1.
Ecopetrol at Risk from $2.2B Colombian Tax Claim: Union
The state oil producer's main workers union said the tax agency is charging Ecopetrol for VAT on gasoline imported since 2022 to supply the local market.
CEOs Celebrate Buffett as He Calls a Close on 5,500,000 Pct Run
The famed investor delivered a more than 5,500,000% return on Berkshire's stock as he turned a once-failing textile firm into the most valuable company in the world that isn't either a tech giant or state oil producer.
WTI Hits 4-Year Low After Supply Surge
OPEC+ agreed to a second major supply increase, fueling fears of a global oil glut.
QatarEnergy Announces 25 Year Condensate Supply Deal With Shell
'We are delighted to sign QatarEnergy's first 25 year condensate sales agreement', said Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs and the President and CEO of QatarEnergy.
EOG Sees Stronger Results Quarter on Quarter
EOG Resources reported a net income of $1.46 billion and a revenue of $5.67 billion for the first quarter of 2025.
Seplat Revenue Soars after ExxonMobil Acquisition
The Nigerian company reported $809.3 million in revenue for Q1, up 350 percent from the same three-month period in 2024 as higher oil and gas volumes offset lower prices.
