Industry News

EIR Analyst Says Bakken Operators Are Facing Critical Decision

Industry News - Fri, 2024-08-23 10:49
Enverus Intelligence Research Analyst Morgan Howrish warned that 'Bakken operators are facing a critical decision'.

Harris Skips Over Climate Change Even as Party Touts Green Wins

Industry News - Fri, 2024-08-23 08:00
Among the Democrats touting the party's record confronting climate change at their Chicago convention, there was a major exception.

Nostrum Boosts Production, Profit in First Half

Industry News - Fri, 2024-08-23 06:48
The increase was a result of additional sales volumes of dry gas and liquefied petroleum gas (LPG) produced from Ural Oil & Gas LLP and $3.9 million of condensate tolling revenue.

US BOEM Solicits Area Nominations for Second Central Atlantic Wind Leasing

Industry News - Fri, 2024-08-23 06:24
The BOEM plans to offer a total of nearly 13.5 million acres off the coasts of Delaware, Maryland, New Jersey, North Carolina and Virginia.

Macquarie Strategists See Potential for USA Crude Build in Next EIA Report

Industry News - Fri, 2024-08-23 06:23
The EIA's next weekly petroleum status report is scheduled to be released on August 28.

Alberta's Logan Energy Completes Drilling Program

Industry News - Fri, 2024-08-23 06:19
The company's production averaged 7,277 barrels of oil equivalent per day (boepd), an increase of 45 percent year over year.

Petronas Inks MoU for Nature-Based Solutions, Carbon Credits

Industry News - Fri, 2024-08-23 05:55
Carbon credits generated through NbS are integral for Petronas to offset residual and hard-to-abate emissions.

Gibson, Partners Eye Waste-to-Energy Facility with Carbon Capture

Industry News - Fri, 2024-08-23 05:33
'Our interest in this project is due to alignment with our strategy and the opportunity to work with two strong partners'.

UK Industry Body Issues Open Letter to Minister

Industry News - Fri, 2024-08-23 04:19
The letter was signed by 42 companies including Bilfinger UK, Weatherford UK, and Wood.

Wood Posts $983 Million Loss as Strategy Shift Continues

Industry News - Fri, 2024-08-23 02:30
Woodside continues to wind down its EPC business.

Norway Oil Decline May Start As Early As 2025, Warns Regulator

Industry News - Fri, 2024-08-23 01:30
The country's upstream regulator warned that a rapid production decline to nearly zero production in 2050 would almost amount to wasting the equivalent of a pension fund.

BP Shares Fall to Two-Year Low as Investors Spurn Green Shift

Industry News - Fri, 2024-08-23 01:30
BP's shares fell to the lowest in two years as investors punish the company for shifting away from the oil and gas business.

Ithaca Energy H1 Profit Falls on Lower Volumes, Gas Prices

Industry News - Fri, 2024-08-23 01:30
Ithaca Energy reported $105.7 million in half-year net income.

Oil Rebounds as Technicals Indicate Exaggerated Slump

Industry News - Thu, 2024-08-22 14:48
Oil rallied after technical measures signaled its recent slump — driven by concerns about a US economic slowdown and a weak 2025 outlook — was overdone.

Enterprise Products to Acquire Delaware Basin Midstream Player

Industry News - Thu, 2024-08-22 12:30
'These assets are highly complementary to our midstream energy system and provide us an excellent entry point into the eastern flank of the Delaware Basin for us to expand our natural gas processing footprint'.

The Heritage Foundation Explains USA Natural Gas Price Drop

Industry News - Thu, 2024-08-22 11:43
Rigzone lines up several exclusive interviews, including one with The Heritage Foundation, to explain the U.S. natural gas price drop.

Aker BP, Aize Expand Collaboration to Include SaaS

Industry News - Thu, 2024-08-22 09:18
The continuation of the existing development partnership involves implementing Aize for Aker BP's topsides, thereby improving efficiency across projects and operations.

CSV Midstream Gets Regulatory OK for Sour Gas Facility in Alberta

Industry News - Thu, 2024-08-22 09:03
The Gold Creek Facility is licensed as a sour gas plant with a capacity of 150 million cubic feet per day that will recover up to 370 metric per day of sulfur.

Crew Evacuated from Houthi-Stricken Oil Tanker in Red Sea

Industry News - Thu, 2024-08-22 09:00
The Sounion came under attack on Wednesday and was then adrift after its engine lost power.

TIPRO Announces New Chairman

Industry News - Thu, 2024-08-22 08:47
The new chairman's term is effective immediately.

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