Industry News

Three workers were killed and two were injured when a section of scaffolding collapsed early Tuesday at a liquefied natural gas plant that Sempra is building in Texas.

Bayon succeeds Andres Ocampo, who is stepping down from the role due to personal reasons.

The financing program aims to help countries in the continent and the Caribbean bridge the cost of importing refined petroleum products.

CEO Patrick Pouyanne said that reflects TotalEnergies' confidence in its balance sheet despite 'a softening price environment with Brent below $70/b since the beginning of April and an uncertain geopolitical and macroeconomic context'.

Rigzone experienced the power outage in Lisbon, Portugal, first-hand.

'It seems that the global oil market is going through a critical phase', Rania Gule, a senior market analyst at XS.com-MENA, said in a market analysis sent to Rigzone on Wednesday.

Drilling targeted Albian-aged sandstones within the Marula fan complex, some 29.2 miles south of the Venus-1X discovery.

ADNOC sold debt compliant with Islamic rules for the first time as the state producer works to diversify funding.

Vitol is set to load at least 2.5 million barrels of Venezuelan oil this month, according to documents seen by Bloomberg.

US consumer confidence weakened sharply, reinforcing fears of slowing oil demand.

Macquarie strategists are forecasting that U.S. crude inventories will be up by 4.3 million barrels for the week ending April 25.

QatarEnergy and ExxonMobil secured regulatory approval to commission their Sabine Pass, Texas LNG project.

'The May contract rolled off the board at $3.170 yesterday as natural gas buyers awakened from a month-long slumber', Eli Rubin, an energy analyst at EBW Analytics Group, said.

The North Slope well averaged 2,700 bopd during a 12-day test.

The global oil market is in very rare territory right now.

Unite announced that offshore workers employed by TotalEnergies are being balloted for strike action.

The Australian company approved phase 1, which involves 3 liquefaction trains with a combined capacity of 16.5 MMtpa, out of a total permitted capacity of 27.6 MMtpa.

The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3,000 barrels of oil equivalent (boepd).

EnQuest said the award marks its entry into Indonesia, 'a country that offers a broad range of growth opportunities that span the full upstream lifecycle'.

The EIA expects total U.S. petroleum products consumption to increase in 2025 and 2026.