Industry News

The US government is backing Iraq's plan to transfer Lukoil's stake in a giant oil field to an American company, days before a sanctions waiver on the Russian firm is set to expire.

'Noble will be a pureplay deepwater and ultra-harsh environment jackup operator'.

Preliminary estimates for the exploration wells, the first drilled in production license 1140, indicate 30-110 million oil-equivalent barrels.

Crude settled sharply lower as traders weighed Russian flows to India against growing oversupply risks.

A small city perched on San Francisco Bay poses a big obstacle to California Governor Gavin Newsom's plans to prevent gasoline price spikes.

For the first time in a decade, not a single hurricane struck the U.S. this season, Neil Jacobs, Under Secretary of Commerce for Oceans and Atmosphere, and NOAA Administrator, said.

The step by Platts, a unit of S&P Global Energy, effectively eliminates one source of supply that might be cheaper than others.

The contracts, which last through June 2033, amount to about 35 percent of state-owned Enap's annual crude demand.

Wood Mackenzie identified several 'key themes shaping the U.S. Lower 48 landscape' next year in a statement sent to Rigzone recently.

Slocum will be responsible for Halliburton's global operations, as well as business development, health, safety and environment, and global technology, Halliburton noted.

Gazprom's Portovaya facility in the Baltic Sea delivered its first shipment to China since being sanctioned by the U.S. in January, the latest sign of increased energy cooperation between Beijing and Moscow.

'The agreement is Eni's first long-term LNG supply to Thailand, in a move designed to strengthen its presence in Asia'.

Verdande is the second project to be tied back to the Norne floating production, storage and offloading vessel this year, and will help extend the FPSO's production beyond 2030.

The Canadian company signed a binding 'framework agreement' to bring in Israel's Navitas as a partner in Guyana's Orinduik and South Africa's Block 1 CBK and potentially expand the partnership across Eco's portfolio.

The New york City-based company received approval from local authorities to continue delivering natural gas for Puerto Rico's power system for seven more years.

Energy trader BGN is set to expand its fledgling natural gas business into a global portfolio.

WTI closed above $60 as shaky Ukraine cease-fire talks kept a risk premium in the market.

ITT Inc. has agreed to acquire industrial equipment manufacturer SPX Flow Inc. from Lone Star Funds.

Gorgon, on the remote Barrow Island in northwestern Australia, is the largest resource development in Australia's history.

Crude oil stocks, not including the SPR, stood at 427.5 million barrels on November 28, according to the EIA's latest weekly petroleum status report.