Industry News

Iraq Upstream Sector Changing Dramatically, Woodmac Says

Industry News - Wed, 2024-08-21 05:10
'Iraq's gas output could more than double by 2030'.

EU Reaches Gas Storage Target Two Months ahead of Schedule

Industry News - Wed, 2024-08-21 04:00
Underground gas storage facilities across the EU reached 90.02 percent of their collective filling capacity for working gas volumes.

Santos Says Natural Gas Demand Will Remain Strong After 2050

Industry News - Wed, 2024-08-21 02:18
'Santos is developing a product the world needs'.

Sasol's Turnover Slips despite Increased Volumes

Industry News - Wed, 2024-08-21 02:07
Sasol reported $15.4 billion in turnover for the year ended June 30, down five percent on constrained margins and depressed chemical prices.

Oil Spill from Venezuela Pipeline Spreads across 28 Miles of Coastline

Industry News - Wed, 2024-08-21 01:51
Efforts are underway to contain the leak from a broken oil pipeline from a PDVSA refinery.

Russian Oil Takes Long Route to Asia After Switches Near Egypt

Industry News - Tue, 2024-08-20 16:00
Russia is sending a supertanker filled with oil all the way around Africa to Asia.

Oil Slips Amid Gaza Talks and Demand Outlook Fears

Industry News - Tue, 2024-08-20 14:59
Oil edged lower after an earlier equities rally stalled, with a potential cease-fire in Gaza and mounting concern about the global demand outlook providing bearish headwinds for crude.

Occidental Pays Down Debt by $3 Billion

Industry News - Tue, 2024-08-20 12:30
'By the end of the third quarter, we expect to achieve nearly 85 percent of our near-term $4.5 billion debt reduction commitment'.

Global Oil, Gas Contract Value Rises 47 Pct

Industry News - Tue, 2024-08-20 09:54
GlobalData revealed that global oil and gas contract value rose during the second quarter of this year.

Petrobras Validates New Tech Increasing Production

Industry News - Tue, 2024-08-20 08:27
The technology provides real-time production system data, boosting the lift and flow process, which corresponds to carrying the oil produced from the bottom of the wells to the production platforms.

EnergyPathways Advances MESH Project in Irish Sea

Industry News - Tue, 2024-08-20 08:02
The gas storage license application covers an offshore area in the United Kingdom (UK) Irish Sea that includes the company's 100 percent owned Marram Gas Field.

One Killed After Natural Gas Pipeline Explodes In Louisiana

Industry News - Tue, 2024-08-20 08:00
The U.S. Coast Guard is investigating a fatal blast at a natural gas pipeline in Louisiana.

Eni Starts Up Gas Project Offshore Italy

Industry News - Tue, 2024-08-20 07:29
The Argo Cassiopea production project, operated by Eni in joint venture with Energean, began production three years after the start of construction.

Nigeria's NNPC Declares Record $2.1 Billion Annual Profit

Industry News - Tue, 2024-08-20 07:23
NNPC reported $2.1 billion in net income for 2023, the national oil and gas company's highest in its history.

Fundamental Supply, Demand Backdrop for Oil is Soft, BofA Warns

Industry News - Tue, 2024-08-20 06:47
The fundamental supply-demand backdrop for oil is soft, a BofA Global Research report sent to Rigzone by the BofA team on Monday warned.

Quantum Acquires Caerus Assets for $1.8B

Industry News - Tue, 2024-08-20 06:43
'The Caerus assets provide access to some of the largest natural gas resources in the western markets, which have experienced repeated, localized energy shortages in recent years'.

MDU Resources Adds Two New Names to Its Board

Industry News - Tue, 2024-08-20 06:30
MDU Resources appointed Michael S. Della Rocca and Marian M. Durkin to its board of directors.

MDU Resources Add Two New Names to Its Board

Industry News - Tue, 2024-08-20 06:30
MDU Resources appointed Michael S. Della Rocca and Marian M. Durkin to its board of directors.

Industry Body Looks at Direct Texas Upstream Employment

Industry News - Tue, 2024-08-20 04:53
'TIPRO's new workforce data yet again indicated strong job postings for the Texas oil and natural gas industry'.

Norway Gas Production in July Tops Forecast by 12 Percent

Industry News - Tue, 2024-08-20 04:07
Norway produced 12.7 Bcfd of natural gas last month.

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