Industry News

Macquarie Strategists Forecast 7.6MM Barrel USA Crude Inventory Build

Industry News - Tue, 2025-05-13 10:08
Macquarie strategists are forecasting that U.S. crude inventories will be up by 7.6 million barrels for the week ending May 9.

Intel Certifies Shell Lubricant for Cooling AI Data Centers

Industry News - Tue, 2025-05-13 09:11
So far, companies have largely used giant fans to reduce temperatures inside AI data centers, which generate more heat in order to run at a higher power.

NRG to Acquire Gas Generation Plants, VPP from LS Power for $12B

Industry News - Tue, 2025-05-13 09:05
'The acquisition will double NRG's generation capacity to 25 GW, adding modern, flexible natural gas assets that cannot be replicated'.

Aspen Wind Project in UK North Sea Pledges over 1,000 Jobs

Industry News - Tue, 2025-05-13 08:07
Cerulean Winds signed a charter on Monday confirming more than 1,000 jobs including 100 apprenticeships in the Aspen wind project on the UK side of the North Sea.

Canadian Natural Q1 Earnings Beats Estimates on Record Production

Industry News - Tue, 2025-05-13 08:00
The company said it posted a record quarterly average production in the first quarter of around 1.6 million barrels of oil equivalent per day (boepd).

Tourmaline Signs Two Acquisition Deals for NEBC Montney Assets

Industry News - Tue, 2025-05-13 07:00
The two transactions will add approximately 20,000 barrels of oil equivalent (boepd) of current production.

President Trump Visits Saudi Arabia

Industry News - Tue, 2025-05-13 06:07
'With Brent hovering around $65, it's unlikely that oil prices will dominate the agenda during the Saudi visit', SEB Commodities Analyst Ole R. Hvalbye said.

North America Loses Rigs for 10 Straight Weeks

Industry News - Tue, 2025-05-13 05:17
North America cut 12 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Eni Offers $1B Bond

Industry News - Tue, 2025-05-13 03:57
Eni returned to the U.S. bond market with the 10-year offering.

Europe Has 1,700 GW of Unlinked RE, Hybrid Projects: Study

Industry News - Tue, 2025-05-13 03:23
The study blamed the slow integration on outdated planning and policies that are slowing the upgrade and build-out of electricity highways.

Petrobras to Pay $2.1 Billion in Dividends

Industry News - Tue, 2025-05-13 01:30
The Brazilian state-controlled oil producer approved dividends slightly below expectations amid a trade war that has created economic uncertainty and undermined oil prices.

Oil Prices Rise on Eased Trade Tensions

Industry News - Mon, 2025-05-12 15:16
Analysts indicate the truce removed $3–$5 of downside from oil prices.

Equinor Weighs Killing NY Wind Farm After White House Visit

Industry News - Mon, 2025-05-12 15:00
A termination would cause the company to lose much of its $2.7 billion investment on the project.

USA EIA Cuts Henry Hub Natural Gas Price Forecast for 2025

Industry News - Mon, 2025-05-12 09:33
The U.S. Energy Information Administration has reduced its Henry Hub natural gas spot price forecast for 2025 in its latest short term energy outlook.

APA to Slow Down Activity amid Price Volatility

Industry News - Mon, 2025-05-12 08:16
APA said it is lowering its 2025 spending plan by $175 million to protect cash flow amid uncertainty in commodity prices.

Shell's LNG Canada Plans First Exports as Soon as Late June

Industry News - Mon, 2025-05-12 07:59
Shell Plc's liquefied natural gas project in Canada, the country's first large-scale export terminal for the fuel, is preparing to begin overseas sales as soon as late June.

Murphy Discovers More Oil in Cuu Long Basin offshore Vietnam

Industry News - Mon, 2025-05-12 07:04
'The Lac Da Hong (Pink Camel) discovery, combined with the recently announced Hai Su Vang (Golden Sea Lion) discovery, deepens our understanding of the resource potential in our Cuu Long Basin blocks'.

Alliance Energy Acquires 18 Propane Terminals from NGL Energy

Industry News - Mon, 2025-05-12 07:00
The propane terminals are strategically located across multiple regions.

Constructive USA-China Tone Lifts Market Sentiment

Industry News - Mon, 2025-05-12 06:00
Crude oil prices rose on Monday, extending their rebound, Inki Cho, Financial Markets Strategist Consultant to Exness, stated in a market analysis sent to Rigzone today.

WhiteHawk Energy to Acquire PHX Minerals for $187MM

Industry News - Mon, 2025-05-12 06:00
WhiteHawk will add approximately 1.8 million gross unit acres of premier natural gas mineral and royalty assets, significantly expanding its footprint in the core of the Haynesville Shale.

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