World Oil Supply Posts Sharp Decline in January
The IEA said 'extreme weather conditions shut in more than 900,000 barrels per day of production across North America'.
Enercon Asia to Invest Up to $100MM in Clean Energy in Philippines
The Singapore-based company is aiming to invest $40 million to $100 million in the clean energy sector of the Philippines within the next two to three years.
Var Energi Looks to Boost Production, Exploration in 2024
The company increased fourth-quarter production by seven percent.
NNPC, TotalEnergies JV Reach Zero Gas Flare Across Assets
The NNPC and TotalEnergies joint venture has achieved zero routine gas flaring in all its assets.
Nigeria Restricts Company Transfers of Oil Export Revenues Abroad
The central bank said cash pooling harms the liquidity of the domestic forex market.
TechnipFMC Bags Contract for Shell's Sparta Development in GOM
The contract is for the first integrated engineering, procurement, construction, and installation project using high-pressure subsea production systems rated up to 20,000 psi.
UAE's AD Ports Expects Prolonged Price Pressure from Red Sea Tension
'Last year ended with renewed supply chain pressures caused by geopolitical tensions in the Middle East and the resulting Red Sea disruptions'.
Petrobras Refuses to Lower Flight Fuel Prices
Petrobras has no plans to lower jet fuel prices as part of a wider effort to rescue struggling Brazilian airlines.
Two Var Energi Wells in North Sea Declared Dry
Wildcat wells 25/7-12 A and 25/7-12 S turned up dry.
NY's $260B Pension Fund Is Dropping Exxon, Other Energy Company Holdings
The New York State Common Retirement Fund plans to restrict its investments in Exxon Mobil Corp and seven other oil and gas companies.
AMLO Tightens Grip on Mexico Energy
President Andres Manuel Lopez Obrador tightened his grip on Mexico's power industry Thursday.
Oil Settles at Highest Price This Year
Oil closed at its highest settling price this year as increasing tensions in the Middle East outweighed hotter-than-expected US inflation data that's damping the prospect of interest rate cuts.
Occidental Holds Back on Permian Production
Occidental expects to keep output from the Permian basin 'largely flat' this year relative to 2023.
IEW Organizer Says it Respects Right to Peaceful Protest
'We absolutely respect the right to peaceful protest,' an Energy Institute spokesperson told Rigzone.
US Lower House Passes Bill Reversing Biden LNG Export Restrictions
The U.S. House of Representatives voted in favor of proposed legislation overturning the Biden administration's decision to pause LNG exportation to non-free trade partners.
Alberta First Nation Asks Regulator to Halt Obsidian Expansion Plans
WFCN became concerned about Obsidian's oil development plans in its territory after the AER found that improper disposal of industrial waste had caused a serious earthquake.
Singapore Plans $3.7B Fund For Clean Energy Transition
Singapore is setting up a $3.7 billion fund to invest in clean energy technology and infrastructure.
This Is What Drove the Recent Oil Price Rally
Macquarie strategists outline that a combination of factors drove the recent oil price rally.
OEUK Warns of 40,000+ Job Losses
Industry body Offshore Energies UK issues a warning for the UK oil and gas sector.
Google Powers EDF's Methane Monitoring Satellite
MethaneSAT has the ability to monitor both high-emitting methane sources and small sources spread over a wide area.
