Industry News

Crude oil stocks, not including the SPR, stood at 419.1 million barrels on January 2, the EIA's latest weekly petroleum status report showed.

Leading Chinese oil companies with interests in Venezuela have asked Beijing for guidance on how to protect their investments.

Commonwealth LNG main contractor Technip Energies tapped Honeywell for integrated liquefied natural gas pretreatment and liquefaction solutions for the Louisiana project.

Could Venezuelan oil production get back to three million barrels per day?

OMV signed a EUR 123-million funding deal with government bank Austria Wirtschaftsservice for a 140-megawatt renewable hydrogen project in Lower Austria.

ADNOC announced a Final Investment Decision (FID) for the SARB Deep Gas Development.

President Sheinbaum described Mexican oil shipments in part as humanitarian aid.

'The transaction perimeter will comprise a portfolio of international helium purchase, sale and storage agreements, and a fleet of 11,000-gallon helium ISO containers'.

President Sheinbaum described Mexican oil shipments in part as humanitarian aid.

'Etlas aims to produce one million metric tonnes of feedstock per year by the mid-2030s, which could produce over 800 thousand tonnes of biofuel'.

Oil prices fell as the US moved to market Venezuelan crude amid an oversupplied market.

U.S. forces seized two more sanctioned oil tankers as part of its energy quarantine of Venezuela.

Executives from small and large exploration and production firms have differing views on the potential impact of AI on break-even prices, the fourth quarter Dallas Fed Energy Survey stated.

President Donald Trump said Venezuela would relinquish as much as 50 million barrels of oil to the United States.

The Norwegian majority state-owned energy company said it has identified 'over a hundred new use cases' for AI across its activities.

'The updated midpoint of recoverable resources for the primary reservoir is towards the high end of our previously communicated range of 170-430 million barrels of oil equivalent and the high end of the new range now exceeds 430 MMboe'.

S&P Global Energy's forecast remains unchanged by Venezuela developments, an analysis piece sent to Rigzone by the S&P Global team late Monday stated.

Macquarie strategists, including Walt Chancellor, are forecasting that U.S. crude inventories will be down for the week ending January 2.

The Charlemont trend 'could be among the largest gas pools in the Otway Basin'.

New research using drilling samples points to a widespread Miocene-age petroleum system in the eastern Nordic Seas similar to prolific producing basins offshore West and Central Africa.