Oil

Oil Price

Oil Settles on Moderate Gains Amid Mixed Middle East Signals

Oil edged higher after swinging between gains and losses for much of the session as traders weighed mixed signals about the risks to flows from the Middle East …

Hydrogen Project

Air Products and Qair to Drive Hydrogen Hub Development at Le Havre

The French government has provided funding to develop hydrogen production and import facilities at the port of Le Havre, reportedly representing around €1.…

Crude Oil

Oil & Gas Decarbonization Charter Publishes Baseline Report To Track Progress On Emissions Reductions

The Oil & Gas Decarbonization Charter (OGDC) has published its Baseline Report, setting a foundation to help prioritize and track progress on emissions reductio…

Oil&Gas Drilling

Nostra Terra Gives Update On Its Texas Oil And Gas Production, Operations

Company oil production is currently averaging 120 bopd net, up significantly due to the contribution from the first phase of the planned workover program at Pin…

Oil & Gas Trade

Deepocean And Exceed Partner For Vessel-based P&A

Ocean services provider DeepOcean and well management and reservoir specialist EXCEED have entered into a collaboration agreement to supply vessel-based well pl…

Climate Policy

EPA Finalizes Rule to Reduce Methane Emissions From Oil and Gas Sector; Waste Emissions Charge

The US Environmental Protection Agency (EPA) announced a final rule to reduce methane emissions from the oil and gas sector. The rule facilitates implementation…

Oil & Gas Trade

Coterra To Buy Permian Shale Assets In $4 Billion Deal

Texas oil and natural gas producer Coterra Energy Inc. has reached agreements with two closely-held companies to buy assets in the Permian Basin for $3.95 billi…

Natural Gas

Republic Of Congo Aims To Accelerate Oil, Gas, Sustainable Projects

The Republic of Congo (RoC) is preparing to launch a Gas Master Plan and new Gas Code, all while enticing investment in crude exploration and production. Speaki…

Oil & Gas Trade

Ineos-led Project Greensand And Royal Wagenborg Sign Agreement On Co2 Carrier

Today, in the presence of HM King Willem-Alexander of the Netherlands and HM King Frederik of Denmark INEOS and Royal Wagenborg have signed a landmark agreement…

Oil & Gas Trade

Hilcorp Bags $1b Permian Deal

This move aligns with Exxon’s aggressive shift toward higher-margin shale plays following its recent $60 billion acquisition of Pioneer Natural Resources.…

Oil & Gas Trade

Exxon, Eni Award EPC, FEED Contracts To Revive Mozambique’s LNG Ambitions

While liquefied natural gas (LNG) projects in Mozambique seem to have stalled since TotalEnergies declared force majeure in April 2021 on its $20-billion Mozamb…

Oil & Gas Trade

QatarEnergy to Acquire 23 Percent Stake in Block Offshore Egypt

Chevron Corp. has agreed to sell a 23 percent interest in the North El-Dabaa (H4) Block on the Egyptian side of the Mediterranean Sea to QatarEnergy.This agreem…

Oil&Gas Drilling

North America Loses More Rigs

North America dropped six rigs week on week, according to Baker Hughes’ latest rotary rig count, which was released on November 8.Although the total U.S. …

Oil & Gas Trade

Devon Raises 2024 Projected Production

United States producer Devon Energy Corp. has bumped up its output guidance for 2024 to between 811,000 and 830,000 barrels of oil equivalent a day (boed), supp…

Power Construction

Duke Energy Misses Expectations As Storms Hit Earnings

Power and gas utility Duke Energy Corp. has reported $1.24 billion in adjusted net income for the third quarter, down from $1.49 billion for the same three-mont…