Industry News

Could Middle East Conflict Lead to Gasoline Shortages in the USA?

Industry News - Mon, 2024-10-07 06:50
'The Middle East conflict has already been impacting gasoline prices in recent days, pushing spreads and cracks higher across all geographies', a Commodity Owner at Sparta told Rigzone.

UK Gov Confirms Funding to Launch First UK Carbon Capture Sites

Industry News - Mon, 2024-10-07 04:53
The UK has enough capacity to store 200 years' worth of emissions, a government release highlighted.

Aker BP Completes Delineation of New Discovery in Norwegian Sea

Industry News - Mon, 2024-10-07 02:21
The primary exploration target is estimated to hold 13 to 55 MMboe based on preliminary findings.

Saudi Arabia Raises Asia Oil Price as Middle East Conflict Rages

Industry News - Mon, 2024-10-07 01:30
Saudi Arabia raised its main oil prices for buyers in Asia amid heightened volatility in the crude market as traders watch developments in the Middle East conflict.

Eco Atlantic Logs Net Loss for Q2 as Farm-Outs Continue

Industry News - Mon, 2024-10-07 01:30
Eco Atlantic reported $1.13 million in net loss for the second quarter.

TotalEnergies Reaches FID on GranMorgu Development in Suriname

Industry News - Mon, 2024-10-07 01:30
The GranMorgu project will develop the Sapakara and Krabdagu oil discoveries.

Uniper Shuts Down German, British Coal Power Plants

Industry News - Mon, 2024-10-07 01:24
'The goal is to decarbonize our remaining power assets and to deliver low carbon fuel as well as green and reliable energy to our customers'.

Leadership Transition at Murphy Oil as Hambly Takes Over

Industry News - Sun, 2024-10-06 06:00
Murphy Oil made several changes at the helm with Eric M. Hambly taking over as CEO.

Nuclear Waste Storage Site in Texas Draws Supreme Court Review

Industry News - Sat, 2024-10-05 07:00
The above-ground site outside the town of Andrews in the Permian Basin oil field would be the first of its kind.

Iranian Oil Tankers Have Fled Critical Anchorage Site This Week

Industry News - Fri, 2024-10-04 15:00
Oil tankers waiting nearby Iran's biggest crude-loading facility fled the area in the days since Tehran launched a missile salvo toward Israel.

Biden Comments Temper Oil Rally After Week of Surging Prices

Industry News - Fri, 2024-10-04 14:40
Oil prices pared gains after President Biden advised Israel against attacking Iran's oil fields, though the market remained tense amid fears of potential disruptions to Middle East oil supplies.

Energy Companies Beginning to Find More Ways to Use AI

Industry News - Fri, 2024-10-04 10:30
Energy companies are beginning to find more ways to use artificial intelligence, according to a new report from Morningstar DBRS.

Israel Bombs Beirut Targets as Iran Calls on Arab World to Unite

Industry News - Fri, 2024-10-04 07:33
Iran's leader called on the Arab world to unite amid the escalating conflict.

Oil, Gas Execs Predict Henry Hub Natural Gas Price

Industry News - Fri, 2024-10-04 07:21
Executives from oil and gas firms have revealed where they expect the Henry Hub natural gas price to be at various points in the future as part of the latest Dallas Fed Energy Survey.

SM Energy, NOG Close Acquisition of Uinta Basin Assets

Industry News - Fri, 2024-10-04 06:18
The transaction includes the exercise of its option to acquire certain additional assets adjacent to XCL Resources' position.

Woodside Confirms Worker Death at Newly Acquired Ammonia Project in Texas

Industry News - Fri, 2024-10-04 05:52
'A full investigation will be initiated and a stand down of all work is currently in place'.

Australian Energy Firm Exits Major Hydrogen Project

Industry News - Fri, 2024-10-04 05:49
'... it has become clear that the hydrogen market is developing more slowly than anticipated, and there remain risks and both input cost and technology advancements to overcome'.

Ed Morse Talks to Rigzone About Middle East Situation

Industry News - Fri, 2024-10-04 05:36
The Middle East 'is closer to a war involving the U.S. than has been the case for some three decades', Ed Morse warned.

Enbridge to Build Pipelines for BP's Kaskida in GOM

Industry News - Fri, 2024-10-04 05:14
'The Canyon Oil and Gas pipelines offer an attractive opportunity for Enbridge to serve customers in the Gulf of Mexico and further expand our U.S. Gulf Coast footprint'.

Santos Bags LNG Supply Contract with TotalEnergies

Industry News - Fri, 2024-10-04 04:46
'There continues to be extremely strong demand in Asia for high heating value LNG from projects such as Barossa and PNG LNG as countries focus on reducing their carbon emissions'.

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