Industry News

In a market that continues to be dominated by bearish supply sentiment, one of the few bullish drivers is the fragility of Russian supply, Standard Chartered Bank Energy Research Head Emily Ashford said.

Enterprise and ExxonMobil plan to raise Bahia's capacity to transport Permian NGLs to Enterprise's Mont Belvieu fractionation complex to one million bpd.

Crude oil prices have fallen sharply, Nadir Belbarka, an analyst at XMArabia, said in a statement sent to Rigzone on Friday.

Norway produced 336.76 million standard cubic meters a day of natural gas in October, its highest over the last six months, according to preliminary official monthly production figures.

The EIA's latest weekly petroleum status report showed that crude oil stocks, not including the SPR, stood at 424.2 million barrels on November 14.

'We maintain a firm belief in the long-term fundamentals of LNG shipping'.

Pouyanne rejected accusations the French energy firm has responsibilities in alleged killing of civilians four years ago at its liquefied natural gas project site in Mozambique.

Traders weighed potential sanction rollbacks that could add Russian supply.

Russian oil giant Rosneft PJSC plans to pay the lowest interim dividends since the pandemic in 2020.

Exxon Mobil Corp. lifted a force majeure on its Rovuma liquefied natural gas project in Mozambique as security concerns subside.

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

Golden Pass reached an agreement with Chiyoda and McDermott to amend the EPC terms for the second and third trains of the Texas project owned by QatarEnergy and ExxonMobil.

Phillips 66 won a three-year contract to deliver over 240,000 metric tons of sustainable aviation fuel from its Rodeo facility in California to German logistics giant DHL.

The U.S. Energy Information Administration increased its West Texas Intermediate (WTI) spot average price forecast for 2025 and 2026.

The North Sea Transition Authority announced a 'giant leap forward for North Sea data sharing' in a statement posted on its website recently.

So far this week, roughly a dozen vessels have been chartered to ship crude from countries including Saudi Arabia, Kuwait, Iraq and the United Arab Emirates and ferry it across the Arabian Sea, according to shipbroker reports.

The Australian company completed drilling for the fourth and final well in its one-MMscfd 'Early Gas Sales' project under the initial development plan for the Tanjung Enim coalbed methane production sharing contract in Indonesia.

Dozens of workers at the export terminal on the Norwegian island of Melkoya got ill from exposure to vented gas from tanks storing monoethylene glycol, a probe by the operator revealed.

Hints of stalled Russia-Ukraine diplomacy briefly softened market fears.

Rising electricity demand from data centers is raising the risk of blackouts across a wide swath of the US during extreme conditions this winter, according to the regulatory body overseeing grid stability.