Industry News

Oil Edges Up as Traders Await Outcome of USA-China Trade Talks

Industry News - Mon, 2025-06-09 15:15
Oil extended last week's gain.

BofA Sees Saudis Embarking on Long But Shallow Oil Price War

Industry News - Mon, 2025-06-09 15:00
OPEC+'s oil output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.'s head of commodities research said.

Avangrid Grows Generation Capacity in US to 10.5 GW

Industry News - Mon, 2025-06-09 09:30
Iberdrola's U.S. subsidiary installed nearly 600 MW in the last six months.

North America Drops More Rigs

Industry News - Mon, 2025-06-09 09:13
North America cut two rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Venezuela Plans a 50 Pct Fuel Hike as It Braces for Revenue Slump

Industry News - Mon, 2025-06-09 08:30
Venezuela's government is laying the groundwork for a 50 percent hike in fuel prices at the pump.

Vermilion Energy Completes Exit from USA with Asset Divestment

Industry News - Mon, 2025-06-09 07:00
The company said it expects the transaction, which has an effective date of January 1, to close in the third quarter.

BEL Valves Bags $6.7MM North Sea Oil Installation

Industry News - Mon, 2025-06-09 06:54
BEL Valves announced in a release sent to Rigzone recently that it had 'lock[ed]... in [a] GBP 5 million ($6.7 million) North Sea oil installation'.

Northeastern North America Will Have Enough Power for Summer: NPCC

Industry News - Mon, 2025-06-09 06:53
NPCC's summer peak electricity demand is projected to be 104,600 MW, about 400 MW lower than last summer.

Standard Lithium Makes Successful Production Using New Method

Industry News - Mon, 2025-06-09 06:51
Standard Lithium successfully produced battery-quality lithium sulfide using Telescope Innovations' new trademarked low-temperature method.

Argentina, Eni Ink Deal for Vaca Muerta Gas Export

Industry News - Mon, 2025-06-09 03:24
Italy's Eni and Argentina's YPF signed an agreement to build a liquefaction facility to enable the export of natural gas from the Vaca Muerta field.

CNOOC Announces Seventh Upstream Startup in Chinese Waters This Year

Industry News - Mon, 2025-06-09 02:37
Weizhou 5-3 is expected to reach a peak output of about 10,000 bpd next year.

SAF Firm Completes Combination; Up for Nasdaq Listing

Industry News - Mon, 2025-06-09 02:31
'The completion of this transaction marks a transformational step for XCF Global and the decarbonization of the aviation industry', XCF Global CEO Mihir Dange said.

ADNOC Expands STEM Education Program 'to Empower UAE Students in AI'

Industry News - Mon, 2025-06-09 02:14
'Through our STEM education program, ADNOC is equipping the UAE's young talent with the skills and mindset needed to thrive in an AI-driven future', Saif Al Falahi, Director, Group Business Support & Special Tasks at ADNOC, said.

OPEC+ Quota Hikes Yet to Deliver Oil Surge: Morgan Stanley

Industry News - Mon, 2025-06-09 01:30
'Notably, it does not appear that production in Saudi Arabia has ramped up significantly'.

ScottishPower Allots About $300MM for UK Power Grid Modernization

Industry News - Mon, 2025-06-09 01:30
Its partners will continue working on the maintenance and upgrade of around 12,400 miles of overhead lines over the next four years.

Fennex to Deploy AI-Powered Safety System across EnQuest's UK Operations

Industry News - Sun, 2025-06-08 06:00
Fennex bagged a multi-year deal from EnQuest to deploy the flagship AI-powered Behaviour-Based Safety System across EnQuest's UK operations.

Canada's Oil Sands Emissions Intensity Falls for Sixth Year

Industry News - Sat, 2025-06-07 07:00
Canada's oil sands industry reduced its emissions per barrel for the sixth straight year in 2023.

Kenya Says Tullow Asset Sale 'Raises Concern' for Oil Sector

Industry News - Fri, 2025-06-06 15:00
Kenya lawmakers said a lack of detail over Tullow Oil Plc's sale of oil assets to local company Gulf Energy 'raises concerns' for the industry in the East African nation.

Oil Rises as Solid USA Jobs Data Pushes Algos to Drop Short Bets

Industry News - Fri, 2025-06-06 14:49
Oil rose as stronger than expected U.S. jobs data eased concerns about an economic slowdown that would crimp demand.

Alaska LNG Attracts Potential Partners in Asia, EU

Industry News - Fri, 2025-06-06 10:14
The companies 'expressed interest for over $115 billion of contract value for various partnerships with the Project, including equipment and material supply, services, investment, and customer agreements'.

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