Industry News

Drop in Rhine Water Levels Risks Higher Barge Rates

Industry News - Thu, 2026-11-05 14:00
Water levels on the Rhine River are forecast to drop again in the coming days.

Rigzone Talks to the 'Disruption Wing' of the USA DOE

Industry News - Thu, 2026-11-05 09:41
The U.S. Department of Energy's Advanced Research Projects Agency-Energy (ARPA-E) is the self-styled 'disruption wing' of the energy department.

CNOOC Ltd Production Hits Historic High

Industry News - Thu, 2026-11-05 09:30
CNOOC Ltd said the first three quarters of 2026 delivered the company's highest-ever net production for the January-September period at 593.7 million barrels of oil equivalent, up 2.7 percent from the same period last year.

Poland Expands Gas Storage Capacity by a Quarter

Industry News - Thu, 2026-11-05 08:45
ORLEN completed a $153.44-million expansion of the Wierzchowice Underground Gas Storage Facility, increasing the capacity of Poland's largest gas storage site to 74.2 billion cubic feet.

Oil Sector Girds for Possible Windfall Tax

Industry News - Thu, 2026-11-05 08:31
The oil industry is bracing for Democrats to use their newfound political muscle to push for a deal with President Donald Trump and impose a windfall tax.

ADNOC, ADQ Chemicals JV Secures Additional $1.39B Financing

Industry News - Thu, 2026-11-05 07:54
TA'ZIZ, tasked with establishing a 'world-scale chemicals and transition fuels ecosystem' in the Ruwais Industrial City in the United Arab Emirates, finalized $1.39 billion in additional financing to support two of its projects.

Aramco Looks to Strengthen Supply Network, CEO Reveals

Industry News - Thu, 2026-11-05 07:08
Aramco's CEO announced that the company is continuing to 'explore additional overseas storage capacity', as well as 'alternative export routes', in order to 'further strengthen' Aramco's global supply network.

BP Reduces Stake in Norwegian Producer

Industry News - Thu, 2026-11-05 05:27
BP sold a five percent stake in Aker BP for around $1.06 billion, part of the British company's efforts to free up cash.

Oil Prices Tumble After Midterms

Industry News - Thu, 2026-11-05 04:58
Oil prices 'tumbled' eight percent yesterday following the U.S. midterm elections, Saxo Bank highlighted.

Woodside to Cut Over 500 Jobs

Industry News - Thu, 2026-11-05 01:29
Australia's largest natural gas producer said it would cut about 11 percent of its workforce as it targets $400 million of annual cost reductions from 2028.

Oil Plunges as Election Shifts Iran Outlook

Industry News - Wed, 2026-11-04 14:50
Oil prices tumbled as political pressure mounted to end the war and restore energy flows.

UAE Mulls 3rd Crude Oil Pipeline to Avoid Hormuz

Industry News - Wed, 2026-11-04 14:00
The United Arab Emirates is considering a third oil-export pipeline that will deliver crude outside the Strait of Hormuz, according to people familiar with the matter.

More Workers Join Strike at Reach Subsea

Industry News - Wed, 2026-11-04 09:48
The number of striking members of the Norwegian union of energy workers SAFE against Reach Subsea is expected to have more than doubled over two weeks into the industrial action.

EIA Ups 2026, 2027 USA Demand Forecasts

Industry News - Wed, 2026-11-04 09:30
The U.S. Energy Information Administration raised its U.S. total energy consumption projection for 2026 and 2027.

Democrat Wins Texas Oil Regulator Seat

Industry News - Wed, 2026-11-04 09:09
Democrat Jon Rosenthal defeated Republican firebrand Bo French.

Europa Appeals to Revive Cloughton Gas Project

Industry News - Wed, 2026-11-04 09:05
Europa Oil & Gas is appealing to the government over the denial of planning authorization for the Cloughton gas appraisal well onshore the United Kingdom.

Woodside's Louisiana LNG to Supply QatarEnergy for 20 Years

Industry News - Wed, 2026-11-04 07:58
QatarEnergy has placed a 20-year order for up to three million metric tons per annum of liquefied natural gas from Woodside's under-construction project on the United States Gulf Coast.

North America Enters Rig Addition Streak, BH Shows

Industry News - Wed, 2026-11-04 07:29
North America added six rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Oil Market Weighs Next Stage in Iran Conflict After Midterms

Industry News - Wed, 2026-11-04 05:07
A 'massive blue wave mid-term election result' saw the Democrats take control of both the House of Representatives and the Senate, Saxo Bank highlighted.

TotalEnergies Bags 15-Year Deal to Supply LNG to China's Jiangsu

Industry News - Wed, 2026-11-04 04:37
Jiangsu Guoxin awarded TotalEnergies a 15-year contract to supply 900,000 metric tons per year of liquefied natural gas to the Chinese province for city gas supply and flexible power generation.

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