Oil Edges Up Amid Uncertainty
Oil prices fluctuated before closing slightly higher as traders monitored geopolitical tensions, potential Iraqi crude exports, and OPEC's expected production decisions.
UK Proffers More Cash to Support Grangemouth Refinery Transition
The funding announced Sunday by Prime Minister Keir Starmer is in addition to already committed support.
Why is the USA Natural Gas Price Dropping Today?
Rigzone talks to several analysts.
Trump EPA Keeps Biden Era Gasoline Change Meant to Boost Ethanol
The Trump administration is holding firm to an April fuel policy change meant to bolster sales of corn-based ethanol.
Norway Raises Estimates for Oil and Gas Resources
Estimated resource volumes on the Norwegian continental shelf rose to 15.61 standard cubic meters of oil equivalent, before accounting for production, as of year-end 2024.
OPEC Says it Welcomes Decision Approved by CNPE
'The decision ... formally paves the way for the participation of Brazil as a Member of the Charter of Cooperation between oil producing countries', OPEC highlighted.
Obsidian Energy to Sell Pembina Assets to InPlay for $224.7MM
The Pembina assets include 498 net sections of land in the Pembina area of Central Alberta, including associated facilities and gathering systems.
Centrica Bags Contract to Provide LNG to Petrobras
The contract between the two companies is for the purchase of 0.8 million tons per annum (mtpa) of LNG for 15 years, beginning in 2027.
Elixir Charts Mongolia Exit
Elixir signed agreements for a Mongolian partnership with a UK company that provide for the Australian company's eventual exit from the Central Asian nation.
Great British Energy Appoints Interim CEO
'We now have a fantastic team in place to lead Great British Energy ', UK Energy Secretary Ed Miliband said.
Afreximbank Plans to Form $1B Oil Financing Platform for Guyana
'This initiative aims to enhance local participation in the country's fast growing oil industry'.
Wood Secures Zeevonk Hydrogen Plant FEED Job
Wood secured a front-end engineering design contract for the Zeevonk hydrogen facility in Rotterdam, Netherlands.
Valaris Sees Sequential Jump in Quarterly Profit
'The contracting outlook for 2026 and beyond remains strong for high-specification assets and we are focused on securing attractive, long-term programs for our active rigs'.
Saipem, Subsea7 Reach Initial Merger Deal
Saipem struck an agreement in principle on the key terms of a potential acquisition of Subsea7, which would result in a combined company called Saipem7.
Iraq to Receive 185,000 Bpd of Oil from Kurdistan
'The current amount available for export in the region is 300,000 barrels a day, part of which is allocated for domestic use while the remaining 185,000 barrels will be earmarked for export'.
EnerMech Secures Five-Year Extension for Al Shaheen Field Contract
The contract includes bolt tensioning and torquing, pipe freezing, and training.
Exxon Plans to Ramp Up Guyana Gas Output, Sees Potential for Exports
Exxon's developments off the coast of Guyana have turned the South American nation into the world's fastest-growing major oil producer.
Tokyo Gas to Sell USA Shale Stake Amid Activist Elliott Scrutiny
Japan's largest gas utility has been under Elliott's scrutiny since last year.
WTI Slips 2% as Key Support Level Breached
Oil fell over 2% as a key technical breach and potential Iraqi supply increase pressured prices, while OPEC+ considers delaying production hikes.
USA, Ukraine Ramp Up Talks on Minerals Deal During Envoy Trip
The U.S. continues to pursue the mineral deal.
