Oil

Oil Price

SEB: Speculation Surrounding Potential USA Oil Output Surge Gains Attention

In a Skandinaviska Enskilda Banken AB (SEB) report sent to Rigzone on Thursday, Ole R. Hvalbye, a commodities analyst at the company, said speculation surroundi…

Oil & Gas Trade

Eni Wins Exploration Rights for Four Blocks Offshore Ivory Coast

Côte d’Ivoire has awarded Eni SpA four offshore exploration blocks, allowing the Italian government-controlled energy major to grow a footprint that…

Oil Price

Europe's Gasoline Exports Set to Rebound From Post-Covid Low

Europe’s gasoline market, which has struggled with lackluster export demand, is getting a boost as outbound flows in November rebound from a multi-year lo…

Oil & Gas Trade

KCA Deutag Lengthens Drilling Support Arrangement Offshore Norway

KCA Deutag has awarded Axess Group an extension to a frame agreement to provide services to seven platforms offshore Norway.The agreement, first awarded in 2017…

Oil & Gas Trade

Valeura Starts Up Three More Oil Wells At Jasmine Field Offshore Thailand

Valeura Energy has completed a five-well infill drilling program on its Jasmine field in license B5/27 in the Gulf of Thailand.Three new wells have come onstrea…

Geothermal Heating Project

SOCAR Green Makes Key Deals for Geothermal Potential Evaluation in Azerbaijan

SOCAR Green, the green energy subsidiary of the State Oil Company of the Azerbaijan Republic (SOCAR), has signed two key deals along the sidelines of the COP29 …

Crude Oil

China's Major Shale Oil Base Achieves Annual Output Of Over 1 Million Tonnes

The output of China's first national-level shale oil demonstration zone, located in Xinjiang Uygur Autonomous Region, has exceeded 1 million tonnes so far t…

LNG

Vietnam Vows to Buy More US Aircraft, LNG in New Tariff Era

Vietnam plans to buy more aircraft, liquefied natural gas and other products from the US as government officials brace for a new era of tariffs from the incomin…

Oil & Gas Supply

Alberta Prepares to Fight Trudeau Cap on Oil and Gas Emissions

Alberta intends to invoke legislation allowing it to defy a federally proposed cap on emissions from the energy industry in opposition to Prime Minister Justin …

Oil & Gas Trade

Ministry of Energy and Minerals approves Block 56 Field Development Plan

The Ministry of Energy and Minerals has approved the field development plan (FDP) for Block 56 in Oman, marking a significant milestone for Tethys Oil and its p…

Offshore Wind Power

Cable Laying Barge Wraps up Its First Subsea Foray Into Oil & Gas Arena After Offshore Wind Jobs (Gallery)

China-headquartered subsea cable vessel owner and operator Fulan Offshore has crossed the finish line at an oilfield project in the Bohai Sea with one of its ca…

Crude Oil

ONEOK to Acquire EnLink's Remaining Issued Shares for $4.3 Billion

United States oil and gas pipeline operator ONEOK Inc. said Sunday it will purchase the remaining issued share capital of EnLink Midstream LLC, which it recentl…

Crude Oil

Velesto, Petronas, NOV Partner to Automate Drilling Operations

Velesto Energy Bhd. (Velesto) has signed a Memorandum of Understanding (MOU) with Petroliam Nasional Bhd. (Petronas) and National Oilwell Varco L.P. (NOV) to im…

Oil & Gas Trade

Blackstone, Eqt Form $3.5 Billion Gas Pipeline Venture

Funds managed by Blackstone Inc. agreed to invest $3.5 billion to create a joint venture with EQT Corp., enabling the U.S. natural gas producer to reduce its de…

LNG

Argentina’s YPL To Merge LNG Project With Rivals' Venture

Argentine state-run energy company YPF SA will join a venture being developed by rival shale driller Pan American Energy Group SL and liquefied natural gas ship…