Industry News

USA Tariffs Prompt Criticism at Houston Energy Industry Gathering

Industry News - Wed, 2025-03-12 16:00
During an all-Canadian energy panel at the CERAWeek by S&P Global event in Houston, speakers veered between venting frustration and anger at the tariffs and urging fellow Canadians to seek new, alternative trading partners to the US.

Oil Rebounds on Softer Inflation and Tightening Market Outlook

Industry News - Wed, 2025-03-12 14:36
Oil prices climbed as US demand showed resilience, with gasoline consumption reaching its highest level since November.

Polar Vortex Could Bring Cold Blast to Millions Across US, AccuWeather Says

Industry News - Wed, 2025-03-12 10:41
'Winter is far from over', said AccuWeather Lead Long-Range Expert Paul Pastelok.

ARC Secures LNG Sale to ExxonMobil Using Cedar LNG Offtake

Industry News - Wed, 2025-03-12 09:19
The agreement entitles ExxonMobil's LNG marketing arm for Asia-Pacific to about 1.5 million MMtpa.

BP CEO, Defending His Reset, Says Company to Be More Focused

Industry News - Wed, 2025-03-12 09:00
BP Plc Chief Executive Officer Murray Auchincloss appeared at a key U.S. energy major conference in Houston on Tuesday.

NextDecade Taps Baker Hughes for Rio Grande LNG Expansion

Industry News - Wed, 2025-03-12 08:35
NextDecade and Baker Hughes signed a deal for the latter to provide its gas turbine and refrigerant compressor technology for the next five trains of Rio Grande LNG.

Energy Market Implications of Ukraine-Russia Ceasefire Could be Huge

Industry News - Wed, 2025-03-12 07:10
'The geopolitical risk premium in the oil and gas markets will fall sharply if a truce is implemented', Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, said.

Petro-Victory to Acquire Brazil's Capixaba Energia

Industry News - Wed, 2025-03-12 07:00
The acquisition includes four oil fields in the Espírito Santo Basin, including the Lagoa Parda Cluster, plus two exploration blocks adjacent to major producers.

Vitesse Seals Acquisition of Lucero

Industry News - Wed, 2025-03-12 06:35
'We believe we are well positioned operationally and financially to pursue additional acquisitions'.

NNPC JV Bags 20-Year Contract to Supply Gas to Ssonic LNG Plant

Industry News - Wed, 2025-03-12 05:51
The contract for the Lagos plant involves 80 million standard cubic feet a day of gas.

Aberdeen Headquartered Company Confirms Intention to Reduce Jobs

Industry News - Wed, 2025-03-12 05:24
'The knock-on effects of the Energy Profits Levy have seen spend delayed on decommissioning across the industry, which is affecting both our rig and engineering activity'.

Petrobras Achieves Successful Feedstock Co-Processing Test at Riograndense

Industry News - Wed, 2025-03-12 03:28
'The recent test represents a significant breakthrough for global biorefining, as it could enable wood and other agroforestry residues transformation, which are widely available, into derivatives typically produced in oil refineries'.

Genel Enters Block 54 in Oman

Industry News - Wed, 2025-03-12 03:02
Genel has secured a 40 percent stake.

Ukraine Says Its Drones Hit Major Refinery in Moscow

Industry News - Wed, 2025-03-12 02:53
Ukraine claimed it hit a major oil refinery that supplies Moscow and its airports, as part of a record drone barrage ahead of talks between Kyiv and the US over a potential ceasefire.

The World Has Reached 'Peak Oil Trade', Carlyle's Jeff Currie Says

Industry News - Tue, 2025-03-11 16:00
Conversations about peak oil supply and demand have for decades served as a backdrop to energy markets.

Oil Prices Rebound as Market Metrics Signal Oversold Conditions

Industry News - Tue, 2025-03-11 14:56
WTI rose 0.3% to $66.25 per barrel, supported by strong supply-demand metrics, even as global economic concerns and trade risks persist.

USA NatGas Posts Fifth Gain in Six Sessions

Industry News - Tue, 2025-03-11 11:02
Eli Rubin, an energy analyst at EBW Analytics Group, highlighted that U.S. natural gas posted its fifth gain in six sessions on Monday.

Delfin LNG Gets Deadline Extension for Export Start

Industry News - Tue, 2025-03-11 09:15
The under-construction project now has until June 1, 2029, to dispatch its first non-FTA cargo of LNG.

TotalEnergies Unlocks New 640 MW of Wind Power Generation in Taiwan

Industry News - Tue, 2025-03-11 08:19
'This 640 MW project will help us achieve our 2025 targets for 35 GW of gross renewable capacity and over 50 TWh of net electricity production'.

North America Cuts 15 Rigs WoW

Industry News - Tue, 2025-03-11 08:00
North America dropped 15 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

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