OPEC Receives Updated Compensation Plans
A statement posted on OPEC's website this week announced that the OPEC Secretariat has received updated compensation plans from Iraq, the UAE, Kazakhstan, and Oman.
TVA, Holtec to Get Up To $800MM in DOE Funding for SMR Development
The funding will help 'advance initial projects in Tennessee and Michigan and help expand the nation's capacity while facilitating additional follow-on projects and associated supply chains'.
USA Gasoline Price Falls to Lowest Level Since May 2021
'Nearly every state saw average gas prices fall heading into Thanksgiving', Patrick De Haan, Head of Petroleum Analysis at GasBuddy, said.
Perenco Raises Oil Production Capacity in Chad
Perenco has increased its oil production capacity in Chad to over 18,000 bpd, coming from the Badila and Mangara fields.
OEUK Raising Awareness of New Worker Weight Limit Policy
OEUK described the policy as 'an industry-wide initiative that has been developed following extensive engagement between OEUK, HM Coastguard, helicopter operators, and member companies'.
Eni Starts Up Congo LNG Phase 2
Eni expects to dispatch phase 2's first LNG cargo 'early 2026'.
EU Seals Deal to Phase Out Russian Gas by 2027
The EU reached a deal to phase out Russian gas faster than originally planned.
Nearly 250 Energy Projects Gain EU PCI, PMI Status
The new list includes 113 electricity, smart electricity and offshore grid projects to accommodate the growing share of renewables.
Crude Settles Lower on Peace Talk Jitters
Oil futures closed down with thin liquidity amplifying selling pressure amid expectations of a looming oversupply.
EU Nearing Deal to End Russian Fossil Fuel Imports
The European Union is closing in on a deal to phase out Russian fossil fuels.
Strategists Expect Over 3MM Barrel WoW USA Crude Stock Rise
Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be up 3.3 million barrels for the week ending November 28.
Targa to Buy Rival for $1.25B
Natural gas pipeline operator Targa Resources Corp. reached a deal to buy smaller rival Stakeholder Midstream.
Phillips 66 Closes Partial Sale of German, Austrian Fuel Retailer
Stonepeak and Energy Equation completed the acquisition of a 65 percent stake in JET from Phillips 66.
EIA Sees Gasoline, Diesel Price Dropping in 2025, 2026
The EIA projected that the U.S. regular gasoline and U.S. on-highway diesel fuel retail price will drop both in 2025 and 2026 in its latest short term energy outlook.
China Shale Oil Output Outlook Improving
In a BMI report sent to Rigzone by the Fitch Group recently, analysts at BMI, a Fitch Solutions company, said China's outlook for shale oil production is improving.
Uniper Completes Sale of German Coal Power Plant
Czechia's ResInvest acquired the Datteln 4 plant in North Rhine-Westphalia for an undisclosed price.
Argentina Bags First LNG Sales Contract
Argentina secured its first agreement for long-term LNG sales, a key step in its bid to become a global supplier of the fuel as drilling ramps up in its Vaca Muerta shale patch.
Chevron Joins TotalEnergies in New Nigerian Exploration Blocks
Chevron agreed to acquire 40 percent in Petroleum Prospecting License 2000 and PPL 2001 offshore Nigeria from TotalEnergies, which will remain operator.
Shell, Equinor Launch UK North Sea JV
Adura, the 50-50 JV, 'will be the UK North Sea's largest independent producer'.
Tullow Names Ex-Trafigura Executive as Chair
Tullow Oil Plc appointed former Trafigura Group executive Roald Goethe as chairman.
