Industry News

BP Confirms New CEO after Looney Scandal

Industry News - Wed, 2024-01-17 01:31
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

Industry News - Tue, 2024-01-16 15:08
Oil edged lower after a choppy session as broader risk-off sentiment dampened reduced crude production in North Dakota and Red Sea risks.

Greek Bulk Carrier Hit by Missile as Red Sea Attacks Mount

Industry News - Tue, 2024-01-16 15:00
A commodity-carrying ship was hit by a missile in the Red Sea as attacks intensify in a waterway that key industry groups say is too dangerous for navigation.

Eni Buys Stake in Three US Solar Parks

Industry News - Tue, 2024-01-16 13:00
Eni Plenitude signed an agreement with EDP Renovaveis to acquire an 80 percent equity stake in a portfolio of US PV plants.

Aker BP Backs CO2 Removal Farming Project

Industry News - Tue, 2024-01-16 11:30
Aker BP will contribute to a kelp cultivation project for CO2 removal.

What Themes Will Dominate Oil and Gas Recruitment in 2024?

Industry News - Tue, 2024-01-16 11:00
Rigzone asks several U.S. based oil and gas recruitment experts what themes will dominate oil and gas recruitment this year.

Talos to Acquire QuarterNorth for $1.3B, Add GOM Production

Industry News - Tue, 2024-01-16 08:00
The acquisition will add production of approximately 30,000 boepd, expected for full-year 2024.

Russian Oil Still Going Through Red Sea Despite Houthi Missiles

Industry News - Tue, 2024-01-16 08:00
Tankers carrying Russian crude are continuing to sail through the Red Sea.

USA Will Face Frigid Temperatures This Week

Industry News - Tue, 2024-01-16 06:09
'This anomalous event will have profound effects on both supply and demand'.

Clearview Loses $1.1MM to Cyberattack

Industry News - Tue, 2024-01-16 06:01
An internal email address was compromised and used by fraudulent actors to redirect the transfer of certain company funds to a third-party account.

TC Energy's Ontario Pumped Storage Project Moves Forward

Industry News - Tue, 2024-01-16 05:22
The project is the development of an energy storage facility that would provide 1,000 MW of flexible, clean energy to Ontario's electricity system.

There is an Elevated Threat to USA, UK, Israel Connected Vessels in Red Sea

Industry News - Tue, 2024-01-16 04:51
'The U.S. owned Gibraltar Eagle was attacked by Houthi rebels whist in transit south of Aden'.

Singapore CCS Consortium Expands

Industry News - Tue, 2024-01-16 01:39
A consortium aimed at advancing CO2 sequestration and decarbonization solutions in Singapore has roped in more members.

Var Energi Scores First Drilling Permit in Norway in 2024

Industry News - Tue, 2024-01-16 01:31
Var Energi has been cleared to drill a North Sea wildcat well.

Vedanta Claims First Development Plan under India Open Acreage Licensing

Industry News - Tue, 2024-01-16 01:22
Vedanta filed a field development plan for one of the first blocks awarded under India's reformed hydrocarbon licensing policy.

Mexico Presidential Frontrunner Supports Private Financing for Energy Shift

Industry News - Tue, 2024-01-16 01:17
'We need to facilitate investment but also guarantee energy sovereignty alongside private investment in energy'.

Santos Allowed to Resume Barossa Gas Project by Court

Industry News - Mon, 2024-01-15 23:05
The Federal Court of Australia dismissed the application and discharged the injunction that prevented pipelaying activities for the Barossa Gas Export Pipeline.

USA Advises Bab el-Mandeb Still Too Risky for Ships: Trade Group

Industry News - Mon, 2024-01-15 15:00
'Coalition forces and BIMCO continue to recommend shipping companies to consider avoiding shipping operations in the area'.

US Offers Up To $500MM for Advanced Nuclear Fuel Production

Industry News - Mon, 2024-01-15 14:00
The DOE is offering contracts for the production of a uranium fuel for smaller nuclear reactors.

Prairie to Acquire DJ Basin Assets of $94.5MM

Industry News - Mon, 2024-01-15 13:00
Prairie said the transaction adds over 5,500 net leasehold acres and 62 fully permitted proven undeveloped (PUD) drilling locations.

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