Industry News

Voyager Midstream Acquires Haynesville Gas Assets from Phillips 66

Industry News - Wed, 2024-09-04 09:35
The acquisition includes approximately 550 miles of natural gas pipelines and associated compression.

Aker BP Starts Production at Tyrving Field in North Sea

Industry News - Wed, 2024-09-04 09:15
The Tyrving development consists of three wells and two new subsea installations.

Analyst Talks Oil Prices, Flags Toxic Mix

Industry News - Wed, 2024-09-04 09:09
'Crude literally can't find a friend in this market', the analyst said.

Adnoc Debuts on Bond Market with Three-Tranche Dollar Deal

Industry News - Wed, 2024-09-04 09:00
Abu Dhabi's main oil producer Adnoc kicked off its inaugural bond sale.

TotalEnergies Invests $444MM in Solar Project in India

Industry News - Wed, 2024-09-04 08:04
TotalEnergies and AGEL have entered into an agreement to create a new joint venture with a 1,150 megawatt alternating current (MWac) solar portfolio in Khavda, Gujarat.

Chevron Begins Water Injections to Boost GOM Production

Industry News - Wed, 2024-09-04 07:58
'Delivery of these two projects maximizes returns from our existing resource base and contributes toward growing our production to 300,000 net barrels of oil equivalent per day in the U.S. Gulf of Mexico by 2026'.

BMI Looks at the Effects of Increased OPEC+ Production

Industry News - Wed, 2024-09-04 05:19
As things stand, 2025 will mark the first year that the OPEC+ group raises its output in the face of falling prices since the Declaration of Cooperation took effect in 2017, BMI analysts said.

Nigeria's NNPC Admits Struggles in Paying Gasoline Traders

Industry News - Wed, 2024-09-04 02:46
Nigeria's national oil company acknowledged facing financial strain from indebtedness to petrol suppliers and conceded the country faces risks of fuel shortage.

South Sudan Official Demands Environmental Accountability from Oil Firms

Industry News - Wed, 2024-09-04 01:30
Oil companies pumping crude from South Sudan should restore the environment after years of widespread degradation, a government official said.

Shell Inks Deal to Supply Turkiye with US LNG

Industry News - Wed, 2024-09-04 01:28
BOTAS and Shell signed an agreement for the British energy giant to supply Turkiye with up to 141.3 Bcf per annum of LNG for 10 years.

Oil Prices Dive as Libya Supply Deal Fuels Demand Concerns

Industry News - Tue, 2024-09-03 15:43
Oil markets reel as Libya prepares to boost output, amplifying fears over sluggish global demand and driving prices to new lows.

BOEM Offers Nearly 195,000 Acres Offshore Oregon for Wind Leasing

Industry News - Tue, 2024-09-03 12:30
The two wind energy areas to be auctioned offer a potential 3.1 GW of power.

Saxo Bank Head of Commodity Strategy Offers Oil Price Warning

Industry News - Tue, 2024-09-03 10:36
In a note posted on the Saxo Bank AS website earlier today, Ole Hansen, the company's Head of Commodity Strategy, offered an oil price warning.

Talos CEO Steps Down, Board Starts Search for Successor

Industry News - Tue, 2024-09-03 10:00
Joseph Mills, who has served on the company's board since March, will serve as interim President and CEO until a successor is in place.

Brent Crude Tumbles Below $75 a Barrel

Industry News - Tue, 2024-09-03 09:14
The global benchmark dropped below $75 a barrel and touched the lowest intraday price since December 2023.

India's Top Oil Explorer May Set Up Refinery in Uttar Pradesh

Industry News - Tue, 2024-09-03 09:00
India's Oil and Natural Gas Corp. is considering setting up a multibillion dollar refinery and petrochemical project in the nation's most populous state.

US DOE Plans to Award $62 MM to 20 Green Hydrogen Projects

Industry News - Tue, 2024-09-03 06:30
The DOE selected 20 projects on next-generation clean hydrogen technologie for potential funding totaling $62 million.

USA Centcom Says Houthis Attacked 2 Oil Tankers

Industry News - Tue, 2024-09-03 05:48
'Both vessels are laden with crude oil', U.S. Central Command warned.

DNO Closes Acquisition of Norne Stakes from Var Energi

Industry News - Tue, 2024-09-03 05:46
The transaction includes interests in four producing fields as well as the ongoing Verdande development.

9 Energy Firms Support UK University's Energy Transition Research

Industry News - Tue, 2024-09-03 05:19
The funding will aid the creation of a new research initiative focused on decarbonizing the oil and gas sector and advancing the shift to clean energy.

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