Industry News

Russia said Ukrainian drones targeted the Afipsky refinery in the Krasnodar region overnight.

In its latest STEO, the EIA projected that total U.S. crude oil production will drop in 2026 and 2027.

The new agreements advance WES' transition to fixed-fee arrangements in the maturing basin, The Woodlands, Texas-based company said.

Rigzone talks to several analysts.

In a call to suppliers that closed earlier this month, European and international companies placed offers from over 260 projects, the European Commission said.

OMV Petrom and NewMed Energy signed a deal to sell 10 percent in the Han Asparuh exploration block on Bulgaria's side of the Black Sea to state-owned Bulgarian Energy Holding following a government order.

HSBC analysts, including Kim Fustier, HSBC's Senior Global Oil and Gas Analyst, said they think BP 'could accentuate its shift back to oil and gas and away from low carbon energy' under its new CEO.

Norway's natural gas output averaged about 13 billion cubic feet a day in December, increasing for the third consecutive month sequentially and marking last year's highest monthly production, according to official preliminary figures.

Spikes in borrowing costs following a meltdown in Japanese bonds and a selloff in U.S. Treasuries have prompted at least one Asian borrower to shelve plans to raise funds, underscoring how renewed volatility is rippling through credit markets.

Crude markets balanced Black Sea disruptions against fears of a US-EU trade conflict.

State-owned Kenya Pipeline Co plans to triple capital expenditure on projects to widen its network, increase storage and diversify into natural gas.

Tankers have begun discharging Venezuelan crude at Caribbean islands.

Eli Rubin, an energy analyst at EBW Analytics Group, noted that 'historic cold launche[d]... soaring NYMEX gas futures'.

'While Civette did not meet commercial thresholds, the well provided insights that strengthen our subsurface understanding for the potential of the basin and inform the remaining prospectivity on the CI-502 Block'.

TotalEnergies and Bahrain's state-owned Bapco Energies launched an equally owned trading platform to sell output from the Bapco refinery in the kingdom to the domestic and international markets.

India is now the United Arab Emirates' largest customer of LNG, ADNOC Gas said.

JERA Nex BP is acquiring co-venturer EnBW's stake in the Mona wind project in UK waters, while the partners dropped the Morgan offshore wind project.

North America added 28 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

TotalEnergies secured a new buyer in Vaaris for its 10 percent interest in a Niger Delta JV previously operated by Shell after Chappal failed last year to consummate an earlier transaction.

Mol and Gazprom agreed on the terms of a deal that will see the Hungarian company gain control of Serbia's only oil refinery, paving the way for the lifting of U.S. sanctions on the plant's operator.