Industry News

USA EIA Reveals Latest Brent Price Forecasts

Industry News - Fri, 2024-01-12 07:10
The U.S. Energy Information Administration released its latest Brent spot price forecasts in its January short term energy outlook.

VIDEO: USA Central Command Details Houthi Strikes

Industry News - Fri, 2024-01-12 05:36
'This multinational action targeted radar systems, air defense systems, and storage and launch sites for one way attack unmanned aerial systems, cruise missiles, and ballistic missiles'.

USA and UK Strike Yemen's Houthis After Red Sea Ship Attacks

Industry News - Fri, 2024-01-12 02:45
The US and UK launched more than 60 airstrikes on Houthi targets in Yemen early on Friday.

Essar Oil Taps Elessent for UK Carbon Capture Facility

Industry News - Fri, 2024-01-12 01:59
Essar Oil UK has selected Elessent Clean Technologies' Belco gas cleaning technology for the planned EET industrial carbon capture facility based in Stanlow.

UK Plans to Build Third New 3.2 GW Nuclear Plant

Industry News - Fri, 2024-01-12 01:45
The third new-generation nuclear plant is part of the UK's 'biggest expansion of nuclear power for 70 years'.

Statkraft Plans to Invest Up To $6.6B in Norway Wind, Hydro Energy

Industry News - Fri, 2024-01-12 01:37
'Statkraft is presenting the largest investment program of its kind in hydro- and wind power in Norway for decades'.

Alberta November Oil Output Outpaced China

Industry News - Fri, 2024-01-12 01:33
Alberta's oil production rose above four million barrels a day for the first time in November.

KN Bags Management Contracts for 4 German LNG Terminals

Industry News - Thu, 2024-01-11 23:12
KN Energies AB signed a two-year contract with Deutsche Energy Terminal GmbH for the commercial management of four German LNG terminals on the North Sea coast.

Galp Confirms Light Oil Discovery Offshore Namibia

Industry News - Thu, 2024-01-11 22:39
Galp will continue to analyze the acquired data and anticipates performing a drill stem test in the coming weeks to assess the commerciality of the discovery.

Oil Rises After Iran Seizes Tanker, Escalating Risks

Industry News - Thu, 2024-01-11 15:35
Oil climbed after Iran seized a tanker in the Gulf of Oman, the latest in a run of incidents that could threaten key shipping lanes.

Norway's Oil and Gas Companies to Step Up Exploration This Year

Industry News - Thu, 2024-01-11 15:00
Norwegian oil and gas companies will drill more exploration wells this year.

US Offers Funding for Tech Solutions to Protect Energy Infra

Industry News - Thu, 2024-01-11 13:00
The DOE announced up to $70 million in funding for R&D projects exploring technologies that protect energy delivery infrastructure.

GE Vernova Books Major Order for SunZia Wind Project

Industry News - Thu, 2024-01-11 11:30
GE Vernova will supply 674 turbines for the SunZia Wind project in New Mexico.

USA Commercial Crude Oil Inventories Rise

Industry News - Thu, 2024-01-11 11:00
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased.

Shell Inks 20-Year Deal for Two MMtpa of LNG from British Columbia

Industry News - Thu, 2024-01-11 10:45
Shell committed to buy two MMtpa of LNG for 20 years from a pending project in Canada.

Arrow to Drill 15 Wells in Colombia Fields

Industry News - Thu, 2024-01-11 08:00
Arrow is planning to drill 15 wells with a $33.68 million (CAD 45 million) net capital budget for 2024 as it focuses on its Colombian assets.

Commodity Markets Begin 2024 With Echoes of Start of 2023

Industry News - Thu, 2024-01-11 06:55
'One of the most striking similarities is investor positioning in energy and metals'.

McIntyre Acquires Offshore Engineering Firm Moreld

Industry News - Thu, 2024-01-11 06:00
The acquisition positions McIntyre to benefit from significant investment in offshore activities, including field-life extension, decarbonization and renewables.

What Themes Will Dominate Global Oil Market in 2024?

Industry News - Thu, 2024-01-11 04:58
Rigzone speaks to market experts to see what themes will dominate the global oil market this year.

Oil Tanker Embroiled in USA-Iran Tensions Is Boarded Off Oman

Industry News - Thu, 2024-01-11 04:35
Four to five people wearing black masks went aboard the ship, the UK Maritime Trade Operations said.

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