US DOE Pauses Fossil Fuel Ban on New Federal Buildings
The DOE has shelved a Biden administration rule that mandates U.S. federal agencies to design only fossil fuel-free buildings starting 2030.
Valaris at a Loss on Tax Expense
Valaris reported a net loss of $39 million for the first quarter of 2025, hurt by a tax expense of $194 million.
Macquarie Strategists Forecast USA Crude Inventory Build
In an oil and gas report sent to Rigzone late Monday by the Macquarie team, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up for the week ending May 2.
Iberdrola Raises Quarterly Revenue to $14.6 Billion
The Spanish power and gas utility reported about $14.62 billion in revenue for Q1, up 1.5 percent from the same three-month period last year.
Uniper Q1 Profit Slumps
The German power and gas utility reported about $93.2 million in net income for Q1, down around 83 percent year-on-year.
Nigeria LNG Plant May See Gas Supplies Climb 12 Percent on Seplat Deal
Africa's biggest LNG plant, whose operations have been hobbled by fuel theft, is set to see gas supplies jump once a deal with Seplat Energy goes into effect, an executive said.
Oil Rebounds on Signs of US Output Decline
Diamondback Energy expects a 10% rig drop and warns of a shale tipping point.
European Gas Jumps as EU Outlines Plan to End Russian Supply
The European Commission unveiled a roadmap to switch off the remaining flows of Russian energy.
Russia Mulls Tightening Budget Rule Over Slumping Oil Prices
Russia is considering changing its key budget-building mechanism in response to sliding oil revenue.
Why Is the Oil Price Rising?
Rigzone talks to Tamas Varga, an analyst at PVM Oil Associates, and Rebecca Babin, a senior equity trader for CIBC Private Wealth in New York.
Venture Global Secures $3B Loan for CP2 LNG
Venture Global secured $3 billion in syndicated borrowings to help fund the under-construction CP2 LNG in Cameron Parish, Louisiana.
Commonwealth LNG Inks 20-Year Offtake
Commonwealth LNG roped in an unnamed 'major' Asian customer with the signing of a deal for the supply of 1 MMtpa for 20 years.
Golar, Partners Approve First Vessel in Argentine Gas Export Project
The Southern Energy project partners reached a positive FID and fulfilled conditions for the 20-year redeployment of FLNG Hilli, the first of two vessels for the Argentine gas export project.
Amigo LNG Signs 15-Year LNG Agreement with Oman's OQ Trading
The first LNG deliveries under the agreement are expected to begin in the second quarter of 2028.
Karoon Closes Acquisition of Bauna FPSO Offshore Brazil
'This will enhance our ability to manage operational performance and reduce long-term operating costs'.
How Much Oil and Gas Did ExxonMobil Produce in Q1?
In its first quarter 2025 results statement, ExxonMobil revealed its oil and gas production figures for the first quarter of this year.
North America Loses Rigs for 9 Straight Weeks
North America dropped 11 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Subsea7 Secures Buzios Field Job
Subsea7 has secured a 'super-major' contract for the development of the Bizios 11 field offshore Brazil.
Petronas Lubricants, Quaker Houghton Ink Malaysia, India Deal
Petronas will be the exclusive distributor for Quaker Houghton's metalworking fluids in Malaysia while Quaker Houghton will provide its clients with Petronas lubricants and industrial fluids.
Imperial Oil Sees Increased Profit on Higher Prices
The Canadian integrated oil producer reported about $932.94 million, or CAD 2.52 per diluted share, in net income for Q1.
