Which Country is the Biggest Oil Consumer?
Rigzone examines the Energy Institute's latest statistical review of world energy report, which was released recently.
Woodside Assumes Operatorship of Aussie Gas Assets from ExxonMobil
The partners continue to each own 50 percent in the Gippsland Basin Joint Venture, which supplies about 40 percent of gas needs on Australia's east coast, and 32.5 percent in the Kipper Unit JV, Woodside said.
ExxonMobil, QatarEnergy Affirm Commerciality of Cyprus Discoveries
QatarEnergy and ExxonMobil signed a 'commercial discovery declaration' with the Cypriot government for two discoveries in Block 10 in the Mediterranean Sea.
Oil Remains in a Divided Market
Oil remains in a divided market, Waleed Said, Technical Analyst at GivTrade, stated.
TotalEnergies Offers Millions of Iraqi Barrels to Asia
TotalEnergies is offering millions of barrels of Iraqi crude that can be promptly delivered to Asia, according to traders, adding to a market already brimming with supply.
Saudi Oil Exports Approach Pre-War Levels
Saudi Arabia's crude oil exports have surged to roughly pre-war levels since the kingdom resumed cargo loadings inside the Persian Gulf.
Oil Holds Near Prewar Lows
Oil prices steadied as rising exports through Hormuz reinforced concerns about a growing global supply surplus.
USA Crude Oil Stocks Drop Almost 4MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 408.4 million barrels on June 26, the EIA's latest weekly petroleum status report showed.
Shell Offloads Stake in US Gulf Production Hub
Shell is selling its 50 percent ownership in its only non-operated platform in the Gulf of America, including associated fields, and 100 percent in the Coulomb tieback to Ridgewood Energy and Talos Energy for $1.7 billion.
Russia Gasoline Shortage Starts to Spill Into Central Asia
Russia's gasoline-supply crunch is starting to ripple into Central Asia.
Execs Predict Where Henry Hub Price Will Land in Future
Executives from oil and gas firms revealed where they expect the Henry Hub natural gas price to be at various points in the future in the second quarter Dallas Fed Energy Survey.
OMV, Energie Steiermark Announce Early-Stage Austrian Geothermal Project
The Austrian companies unveiled a joint project to enable up to 670 gigawatt hours a year of heating capacity in the southeastern state of Styria.
Genel to Acquire Capricorn for $360 Million
The merger will see the British company, whose production comes from Iraq's Kurdistan region, expand into Egypt in the Sahara desert.
Which Countries Produce and Consume the Most Natural Gas?
Rigzone examines the Energy Institute's latest statistical review of world energy report, which was released recently.
Petronas Makes New Discoveries offshore Suriname
Malaysia's national oil and gas company said it has now drilled 8 successful wells with combined recoverable resources of over 1 billion barrels of oil equivalent in the South American country.
Iran Struggles to Woo Oil Buyers before US Waiver Expires
A hoard of Iranian oil is building up at sea, as the Islamic Republic struggles to find buyers before the expiry of a 60-day window granted by Washington.
Saudis Make Rare Spot Oil Sales
Saudi Arabia is taking the unusual step of selling millions of barrels of oil on an ad-hoc basis to customers in Asia.
Crude Extends Losses on Glut Fears
Oil prices fell as recovering Strait of Hormuz traffic and rising global supplies reinforced expectations of an oversupplied market.
Equinor, Var Energi to Swap Stakes in Norwegian North Sea
Var Energi and Equinor entered into a swap agreement to realign their investments in the Gjoa and Troll-Farm areas on Norway's side of the North Sea, which they said would support faster tieback developments.
Oil Execs Predict Future WTI Oil Prices
Executives from oil and gas firms revealed where they expect the West Texas Intermediate crude oil price to be at various points in the future in the second quarter Dallas Fed Energy Survey.
