Endeavor Energy Founder Passes Away
Autry Stephens, a petroleum engineer raised on a Texas peanut and watermelon farm who became the richest U.S. oilman, has died.
Oil Falls Amid Softening Demand Outlook
Oil fell the most in more than two weeks, with the lackluster demand outlook for the world's two largest economies outweighing geopolitical tensions in the Middle East.
Flexing its Muscle, Turkey Is Spreading Its Influence in Africa
Turkey will send the 86-meter long research vessel Oruc Reis to explore offshore oil blocks belonging to Somalia next month.
BMI Reveals Latest Henry Hub Gas Price Projections
BMI, a unit of Fitch Solutions, expects the Henry Hub price to average $2.4 per million British thermal units in 2024.
Tidewater Posts Narrower Loss on Higher Operating Income
The improvement was largely due to higher operating income.
Cepsa to Sell Liquefied Gas Unit to Abastible
'This transaction is another step in our strategy to become a benchmark in the energy transition, driving investments in sustainable energy such as green hydrogen and biofuels'.
Halliburton Bags Well Intervention Contact from Petrobras
The multi-year contract is set to begin in the second quarter of 2025.
California Governor Proposes Refiners Maintain Spare Supply
Gavin Newsom proposed that oil refiners maintain minimum distribution reserves as part of efforts to hold down prices at the pump.
The Heritage Foundation Talks Oil Prices
'Expectations of a war in the Middle East...are diminishing', The Heritage Foundation tells Rigzone.
Brazos Advances Midland Basin Infrastructure Buildout
Brazos installed a new 200 MMcf/d cryogenic gas processing facility and decided to construct an additional one with a 300 MMcf/d capacity.
North America Drops Rigs for First Time in Months
The total North America rig count is now 803, according to Baker Hughes.
Silicon Ranch Starts Up Its First International Solar Project in Canada
The 58 MWAC facility will deliver renewable power to cover 20 percent of Shell's Energy and Chemicals park's energy needs for the next 25 years.
Naftogaz Says Tax Remits to Ukraine in Last Seven Months Up 10 Percent
Naftogaz paid $1.3 billion in taxes to Ukraine in the first seven months of 2024.
Military to Help Nigeria Thwart Oil Theft
The Nigerian military formed a monitoring team to help the national oil and gas company crack down on petroleum theft.
European Airlines Lead Adoption of Cleaner Jet Fuel
European airlines are trouncing competitors in the U.S. and elsewhere in SAF adoption due, in part, to a government mandate, with the EU requiring airlines to use two percent SAF starting next year.
Shell Approves Waterflood Project for Vito Field
The Vito waterflood project will increase the recoverable resource volume by 60 million barrels of oil equivalent.
USDA Seeks Easier Rules For Crops to be Used in Green Fuels
The U.S. Department of Agriculture is pushing for eased tax credit requirements.
SpaceX Will Launch a Methane Satellite to Hold Super Polluters Accountable
There's about to be a new methane eye in the sky.
Oil Ends Choppy Week Posting Marginal Loss
Oil posted a marginal weekly decline, with traders continuing to weigh the impact of a slowdown in China against a possible attack by Iran or proxies on Israel.
