Production & Industry news

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• May NatGas Contract Looking to Establish New Post-Winter Trading Range

  02-04-2025 16:48 via rigzone.com
  It appears that the May natural gas contract is looking to establish a new post-winter trading range into the shoulder season, Eli Rubin, an energy analyst at EBW Analytics Group, said.
  
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• Oil Rebounds but Weekly Losses Continue

  11-04-2025 21:39 via rigzone.com
  Oil prices rose Friday but marked a second weekly loss due to deepening US-China trade tensions and demand concerns.
  
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• Natural Gas Searching for 'Near Term Equilibrium'

  11-04-2025 16:32 via rigzone.com
  Eli Rubin, an energy analyst at EBW Analytics Group, noted that natural gas is searching for 'near term equilibrium'.
  
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• Texas Is Ground Zero for the USA Battery Boom

  11-04-2025 15:03 via rigzone.com
  The Lone Star State may be the heart of America's oil and gas map, but it's quickly becoming the biggest installer of a technology key for renewables development.
  
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• Malaysia, Vietnam to Extend Agreements on Border Fields

  11-04-2025 12:35 via rigzone.com
  Petronas and Petrovietnam agreed to extend their production sharing contract and gas sales agreement for the PM3 Commercial Arrangement Area for another 20 years.
  
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• Aisha Bowe Completes Astronaut Training at Houston 3t Facility

  11-04-2025 10:09 via rigzone.com
  3t's training center in Houston is a safety critical training facility for energy and high risk environments, 3t highlighted.
  
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• Trump Signs Order to Protect Big Oil From State Emissions Fines

  10-04-2025 23:00 via rigzone.com
  Trump signed an executive order Tuesday directing U.S. Attorney Pam Bondi to identify state laws or regulations that could impede the use of domestic oil and gas.
  
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• Oil Tumbles as Tariff Jitters Return

  10-04-2025 22:07 via rigzone.com
  Oil prices dropped sharply as US tariff hikes and OPEC+ output shifts raised fears of a global glut.
  
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• Analysts Flag Key Price Determinant for Crude Oil

  10-04-2025 16:57 via rigzone.com
  'The U.S. tariff announcement was a severe shock', analysts at Standard Chartered Bank said.
  
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• Uncertainty is the Only Certainty, Commodities Analyst Warns

  10-04-2025 13:17 via rigzone.com
  Uncertainty is the only certainty, Ole R. Hvalbye, Commodities Analyst at Skandinaviska Enskilda Banken AB, said in an oil report sent to Rigzone on Thursday.
  
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• USA Crude Flows to China Trickle to Near Zero After Tariff Blitz

  10-04-2025 10:56 via rigzone.com
  The flow of oil from the world's biggest producer to its largest importer is set to thin to virtually zero.
  
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• WoodMac LNG Team Looks at 3 Russia-Ukraine Peace Deal Scenarios

  10-04-2025 09:47 via rigzone.com
  Massimo Di-Odoardo, Vice President of Gas and LNG Research at Wood Mackenzie, said energy will be a key part of the negotiation agenda of any peace deal.
  
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• Airlines and Shippers Pounce on Oil Plunge to Lock in Prices

  09-04-2025 23:00 via rigzone.com
  Consumers who count fuel as their single biggest expense are rushing to lock in supplies.
  
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• Crude Prices Surge After Market Rally

  09-04-2025 21:41 via rigzone.com
  Oil prices surged as Trump's tariff pause sparked hopes of easing trade tensions.
  
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• Stocks Soar as Trump Pauses Tariffs

  09-04-2025 21:02 via rigzone.com
  U.S. stocks soared after Trump paused some tariffs, sparking the biggest rally since March 2020.
  
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• Shell Starts Production at Dover in US Gulf

  09-04-2025 17:19 via rigzone.com
  Dover, discovered 2018 in the deepwater Norphlet play, produces up to 20,000 boed.
  
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• EBW Analysis Indicates Gas Pricing Is Dropping Into More Sustainable Range

  09-04-2025 17:01 via rigzone.com
  'Current pricing is not driven by fundamentals', Eli Rubin, an energy analyst at EBW Analytics Group, said.
  
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• Iran Says It Will Start Nuclear Talks With USA This Weekend

  09-04-2025 16:00 via rigzone.com
  It will be the first time since September 2022 that the U.S. and Iran are taking part in formal nuclear talks.
  
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• Rystad Predicts 'Significant Risks' to USA Operators

  09-04-2025 13:26 via rigzone.com
  'Rystad estimates that the new 'all-in' breakeven cost for many U.S. oil players is now above $62', Matthew Bernstein, Rystad Energy Vice President, North American Oil and Gas, said.
  
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• Brent Crashes to 4 Year Low

  09-04-2025 11:45 via rigzone.com
  'Fears of weaker global oil demand, combined with the OPEC+ decision to loosen output more quickly than expected, have created a toxic cocktail', SEB Commodities Analyst Ole R. Hvalbye said.
  
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• Gunvor Snapped Up North Sea Oil During Futures-Market Tumble

  08-04-2025 23:00 via rigzone.com
  The North Sea crude market, home to the world's most important physical oil-price benchmark Dated Brent, often sees individual traders taking relatively large positions.
  
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• WTI Falls Below $60 Amid Trade War Escalation

  08-04-2025 21:52 via rigzone.com
  Crude hit a 4-year low after Trump's new tariffs stoked recession fears.
  
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• Canada's Poilievre Says He Would Approve Suncor Oil Project, Mines

  08-04-2025 16:30 via rigzone.com
  The leader of Canada's Conservative Party said he would accelerate approval on 10 resource projects if elected.
  
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• North America Keeps Rig Loss Streak Going

  08-04-2025 14:18 via rigzone.com
  North America cut 12 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
  
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• Where Next for Oil Prices?

  08-04-2025 11:19 via rigzone.com
  'With the new round of announced tariffs, the demand side risk has increased notably', Stratas Advisors warned.
  
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• Shell Cuts Gas Output Guidance on Unplanned Maintenance

  07-04-2025 22:00 via rigzone.com
  Shell Plc sees lower natural gas production and LNG volumes in the first quarter of 2025 than previously expected.
  
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• Industry Bodies Examine Texas Upstream Employment for February

  07-04-2025 17:07 via rigzone.com
  'TIPRO appreciates the enormous contributions of the Texas oil and natural gas industry from an economic and energy security perspective', TIPRO President Ed Longanecker said.
  
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• Trump Team Proposes Ending Clean Energy Office, Cutting Billions

  07-04-2025 14:51 via rigzone.com
  The office employed about 250 people before President Donald Trump, a climate change skeptic, returned to office.
  
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• Execs Reveal Where They Expect Gas Price to be at Various Points in Future

  07-04-2025 14:51 via rigzone.com
  Executives from oil and gas firms have revealed where they expect the Henry Hub natural gas price to be at various points in the future as part of the first quarter Dallas Fed Energy Survey.
  
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• Oil Market Faces 'Quadruple Whammy'

  07-04-2025 12:49 via rigzone.com
  These four key factors have driven the massive price drop over the last four trading days, said Ole R. Hvalbye, Commodities Analyst at Skandinaviska Enskilda Banken AB (SEB).
  
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