Chinese Buyers Turn to Russian ESPO amid High Iranian Prices
Refiners in China have been buying up Russia's ESPO oil faster than usual as a standoff with Iranian sellers over pricing continues.
Total Energy Subsidiary to Acquire Saxon for $37MM
When completed, the acquisition will increase the depth capacity of Savanna Australia's drilling rig fleet, add experienced local personnel, and expand Savanna Australia's customer base.
Shell UK Makes FID on Victory Field in North Sea
The development will feature a single subsea well that will be tied back to existing infrastructure of the Greater Laggan Area system.
Oil Rises Amid Production Outages and Red Sea Tensions
Oil edged higher after another choppy session as traders weighed increased tensions in the Middle East and production outages in the US against a broader risk-off sentiment in financial markets.
OPEC Sees Robust Oil Demand Next Year in First Look at 2025
OPEC forecast that global oil demand will continue to increase strongly next year.
ExxonMobil Raises Offtake from Mexico LNG Project to 3.2 MMtpa
Mexico Pacific signed a third offtake agreement with ExxonMobil for an additional 1.2 MMtpa of supply from a proposed LNG project in Mexico.
Shell to Sell Nigerian Onshore Subsidiary
Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited.
Nostra Terra Teams Up with Cypress for Texas Wells
The two companies plan to use 3D seismic data set to jointly develop production growth opportunities across an expansive area of East Texas.
OPEC Chief Says Oil Demand Will Defy Predictions of a Peak
'Ultimately, peak oil supply has never come to pass, and predictions of peak oil demand are following a similar trend'.
Europa Oil Expects to Flop 2023 Free Cash Flow Projection
Europa cited delays in production scale-up in the Wressle field.
Poll Shows Biden and Trump in Too Close to Call Matchup
'Pennsylvania, so crucial and so close, again takes center stage as the swing state with the electoral heft to decide the election'.
Will Incidents in the Red Sea Affect USA Gasoline and Diesel Prices?
Rigzone asked the American Automobile Association if incidents in the Red Sea will affect U.S. gasoline and diesel prices.
NCS Production Licenses Rise to 62 in Latest Round
Of the 62 production licenses offered in APA 2023, 29 are located in the North Sea, 25 in the Norwegian Sea, and eight in the Barents Sea.
UK Approves BECCS Conversion for Drax Power Station
A study found that delivering BECCS at Drax Power Station could save the UK $18.98 billion (GBP 15 billion) in whole economy costs between 2030 and 2050.
European Commission Launches Biofuels Database
The Union Database for Biofuels has opened for online registration by liquid renewable and recycled carbon fuel operators.
Tourmaline Enters 2024 with High Production Figures, Inks Two LNG Deals
Tourmaline ended 2023 with an average daily production of over 600,000 boepd.
Nigeria Seeks Operators for Niger Delta Refinery
The NNPC has opened bidding for operation and maintenance rights for the under-repair Port Harcourt refinery.
LyondellBasell to Acquire Stake in NATPET for $500MM
The joint venture 'positions LYB to grow and upgrade its core PP [polypropylene] business through access to advantaged feedstocks'.
BP Confirms New CEO after Looney Scandal
BP appointed Murray Auchincloss as its permanent chief executive officer, four months after the shock resignation of his predecessor.
Oil Falls in Choppy Session on Risk Off Sentiment
Oil edged lower after a choppy session as broader risk-off sentiment dampened reduced crude production in North Dakota and Red Sea risks.
