Phoenix's Rapid Drilling Progresses Fuels Production Growth
'We aim to be the most efficient operator in the Williston Basin in both cost and well performance'.
Newsom Signs Law Requiring Spare Fuel Reserves in California
The law is meant to prevent price spikes but the industry called it a rushed action to 'smokescreen' a growing list of restrictive policies burdening Californians.
Macquarie Strategists Forecast USA Crude Inventory Build
Macquarie strategists are forecasting that U.S. crude inventories will be up for the week ending October 11.
Baker Hughes to Deploy AI Solutions Across Repsol Assets
'Artificial intelligence is revolutionizing energy production, and Leucipa enables companies to operate more efficiently to recover more from their assets'.
IEA Says Oil's Geopolitical Risks Are Offset by Plentiful Supplies
'Heightened oil supply security concerns are set against a backdrop of a global market that - as we have been highlighting for some time - looks adequately supplied'.
Dallas Fed Energy Survey Looks at Oilfield Electrification
Is your firm aiming to electrify its oilfield operations?
Italy's NextChem Bags Contract for Hydrogen Unit in Vietnam
The new unit is part of a larger upgrading and expansion project of Dung Quat Refinery in Vietnam.
Why Is the Oil Price Down Today?
The reason is twofold, one analyst told Rigzone.
Advantage Energy Starts Dry Gas Production Cuts
Curtailments began in September and are planned to continue for the fourth quarter until pricing recovers.
Singapore, South Korea Eye Joint LNG Procurement Program
'While we continue to pursue alternative energy sources, natural gas will continue to account for a significant share of Singapore's energy mix during the energy transition'.
Reliance Logs Nearly 25 Pct YoY Fall in Downstream Earnings on Lower Prices
'Unfavorable demand-supply balance led to sharp ~50 percent decline in transportation fuel cracks and continued weakness in downstream chemical deltas'.
China Still Investing in Coal Plants Abroad after Ban, Says CREA
Some 8.6 GW of previously unannounced Chinese-backed coal power plants have entered construction or the pre-permitting phase in the past year in places like Southeast Asia and Africa, new research revealed.
Woodside Says Scarborough Trunkline Completed
Woodside said it had hurdled a critical step toward the start of LNG production in 2026.
China Oil Imports Slowed in September on Weak Margins, Repairs
Chinese oil imports fell last month.
Oil Prices Settle Lower as China Disappoints
Oil prices dropped as China's anticipated stimulus failed to meet market expectations, weak economic data persisted, and OPEC lowered demand growth forecasts.
Orsted, SRP Start Up 300 MW Solar, Battery Project in Arizona
Orsted's onshore portfolio in the U.S. now produces over 5,000 MW of power in aggregate.
EIA Reveals Latest Henry Hub Gas Price Forecasts for 2024 and 2025
The U.S. Energy Information Administration revealed its latest Henry Hub natural gas price forecasts for this year and next year.
OPEC Cuts Global Oil Demand Growth Forecasts for 3rd Consecutive Month
OPEC trimmed its forecasts for oil demand growth this year and next.
US Expands Iran Sanctions to Stymie Oil Money over Israel Attack
'Pursuant to this determination, the Treasury may impose sanctions on any person determined to operate in the petroleum and petrochemical sectors of the Iranian economy'.
