Natural Gas Prices Digesting Damage from Hurricane Milton
'This hurricane compounded the losses already felt from Hurricane Helene and power restoration will obviously be a priority', ex-IPAA Chief Economist Frederick J. Lawrence told Rigzone.
Eni's Plenitude Starts Up Wind Farms in Spain
The project has three Vestas V136 wind turbines with an installed capacity of about 13 megawatts (MW).
McDermott to Sell CB&I Storage Business for $475MM
CB&I has a global footprint and is a leading designer and builder of storage facilities, tanks and terminals.
TotalEnergies Taps Shearwater for OBN Project in Angola
The work will be performed in Block 32 over the Louro and Mostarda fields.
UK Bets on Renewable Energy Storage Tech
'Unlocking investment in this important technology is another significant step towards decarbonization of the power system'.
GB Energy Chair Outlines Aberdeen HQ Jobs May Hit Over 1000
'We have not been able to put a direct number on it yet', Juergen Maier, the Chair of Great British Energy, said in the first sitting of the Great British Energy Bill.
Italy's Sanpaolo, EIB Ink Deal Expected to Unlock $8.7B in Wind Investments
Following an earlier agreement with Deutsche Bank, the EIB has now deployed $1.1 billion of a $5.5 billion guarantees package for wind projects that it announced at COP28.
Ecopetrol Said to Postpone $1.75 Billion Bond Sale amid Probe Involving CEO
Ecopetrol postponed an offer to sell $1.75 billion of dollar bonds after Colombia's electoral council launched an investigation involving the nation's president and the state oil driller's CEO.
CNOOC Started Production in Seven Oil and Gas Projects in 2024
CNOOC began production in the Bozhong 19-2 Oilfield Development Project in central Bohai Bay, the seventh oil and gas project put onstream by the Chinese state-backed company this year.
Exxon Granted Largest USA Offshore Carbon Storage Site in Texas
Exxon Mobil Corp. won the right to pump carbon dioxide beneath Texas state waters in the Gulf of Mexico.
Oil Prices Surge as Israel Weighs Retaliation Against Iran
Oil prices surged more than 3% as markets anticipated Israel's response to Iran's missile attack, fueling uncertainty and volatility in crude trading.
Vertex Returns Alabama Refinery to Traditional Fuels Production
The Mobile, Alabama refinery that Vertex retrofitted to also enable renewable diesel production after acquisition from Shell is back to producing only conventional fuels.
Henry Hub Prices Come Under Downward Pressure
Rigzone talks to several analysts about the U.S. natural gas price.
ConocoPhillips Gets USA Licenses in Bid to Recoup Venezuela Debt
The licenses relate specifically to allowing the company to recoup the money owed from PDVSA without running afoul of U.S. sanctions.
45 Percent in BI Survey Expect Trump to be Bearish for Oil Prices
'This may reflect Trump's likely push for more drilling and dislike of strict oil and gas regulations, combined with a potential OPEC+ response to loosen output cuts', a BI report sent to Rigzone noted.
EQT AB Acquires Renewable Energy Platform OX2
EQT said it expects to see continued significant growth in the renewables market over the coming years, driven by trends including decreasing technology costs and growing demand for green electricity.
QatarEnergy Inks Long-Term Naphtha Supply Deal with Shell
The 20-year agreement is for the supply of up to 18 million tons of naphtha to be delivered to Shell starting in April 2025.
LNG Shipping Firm Inks Agreement with Eni for Bunker Vessel
The agreement is for the LNG bunker vessel Avenir Aspiration, which has a capacity of 7,500 cubic meters.
Santos Finalizes $800 Million Loans for Darwin LNG Life Extension Project
'With these facilities in place, Darwin LNG is well-funded to complete the life extension works scheduled for mid-2025 and it positions Darwin LNG to consider future expansion of this important infrastructure'.
Could All Florida Gas Stations Run Out of Fuel Due to Hurricane Milton?
That's the question Rigzone posed to Patrick DeHaan, the head of petroleum analysis at GasBuddy.
