Production & Industry news

• Oil Continued Fall Despite OPEC+ Signaling Output Pause

  04-09-2024 23:54 via rigzone.com
  Demand risks are driving crude prices down despite OPEC+ signals.
  
  Read more

• Norway Awards 53 Offshore Hydrocarbon Production Licenses

  15-01-2025 10:35 via rigzone.com
  Norway's Energy Ministry awarded 53 hydrocarbon production leases on the country's continental shelf under last year's licensing round.
  
  Read more

• Ceasefire News Cools Oil Rally

  14-01-2025 21:30 via rigzone.com
  Oil prices fell from recent highs as Hamas and Israel's tentative cease-fire and reduced supply disruption fears cooled a rally driven by global tensions.
  
  Read more

• BP CEO Auchincloss Faces a Crucial Test in Delayed Strategy Update

  14-01-2025 21:00 via rigzone.com
  BP Plc's Chief Executive Officer Murray Auchincloss faces a critical moment next month.
  
  Read more

• Advertisement

• EU Foreign Affairs Chief Aims to Lower Price Cap on Russian Oil

  14-01-2025 15:00 via rigzone.com
  'I'm really pushing for this to be lowered because it has a clear effect'.
  
  Read more

• Stratas Advisors Offers Oil Price Warning

  14-01-2025 13:39 via rigzone.com
  Stratas Advisors warned that it is expecting 'some moderation of oil prices'.
  
  Read more

• LLOG Progresses Salamanca FPU Project in GOM

  14-01-2025 13:00 via rigzone.com
  The privately owned exploration and production company anticipates the final outfitting of the FPU to be completed in early 2025, in time for the project's production target of mid-2025.
  
  Read more

• WTI Hits 5-Month High on Supply Risks

  13-01-2025 22:11 via rigzone.com
  Oil prices rose to a five-month high as sweeping US sanctions on Russia's energy industry tightened global supplies and fueled market uncertainty.
  
  Read more

• Advertisement

• Oil Industry Spurned by Supreme Court on Hawaii Climate Suit

  13-01-2025 21:00 via rigzone.com
  The U.S. Supreme Court buttressed efforts by environmental advocates to hold oil companies accountable for climate change.
  
  Read more

• Enverus Releases List of 'Most Prolific' Public Oil, Gas Operators in USA

  13-01-2025 16:20 via rigzone.com
  Enverus announced that it has released a list of the 50 'most prolific ... public oil and gas operators in the U.S. based on gross operated production last year'.
  
  Read more

• Constellation to Acquire Calpine for $26.6B, Form Clean Energy Giant

  13-01-2025 14:00 via rigzone.com
  The acquisition 'creates the cleanest and most reliable generation portfolio in the USA, with a diverse, coast-to-coast portfolio of zero- and low-emission generation assets'.
  
  Read more

• AccuWeather Warns Southern California to Prepare for More Extreme Fire Risk

  13-01-2025 13:50 via rigzone.com
  'This will be another incredibly dangerous week near the fire zones and across much of the Los Angeles region', AccuWeather Meteorologist Alex DaSilva said.
  
  Read more

• TotalEnergies Starts Construction of $250MM Gas Facility in Iraq

  13-01-2025 13:00 via rigzone.com
  The four-in-one project includes the recovery of gas that is flared at three oil fields in southern Iraq to supply electric power plants.
  
  Read more

• Crude Oil Market Has Come Alive

  13-01-2025 11:24 via rigzone.com
  'Supply is the key near-term driver', Chris Weston, Head of Research at Pepperstone, said.
  
  Read more

• Norway Hits New Annual Gas Production Record

  13-01-2025 08:09 via rigzone.com
  Norway's natural gas output set a new record in 2024 with 124 billion standard cubic meters sold, according to the country's upstream regulator.
  
  Read more

• Serbia Ready to Buy Russian Stake in NIS Refiner, Vucic Says amid Sanctions

  13-01-2025 07:30 via rigzone.com
  Serbia's president said the country has the money to pay for Gazprom's stake in the Balkan country's only refiner to preserve production amid new U.S. sanctions against Russia.
  
  Read more

• Oil Hits 3-Month High Amid Sanctions

  10-01-2025 22:11 via rigzone.com
  Oil prices surged to a three-month high as sweeping US sanctions on Russia fueled a bullish rally, tightening global supply and propelling crude to a strong start in 2025.
  
  Read more

• USA Ramps Up Pressure on Russia With Fresh Energy Sanctions

  10-01-2025 18:00 via rigzone.com
  The U.S. imposed its most aggressive sanctions on Russia's oil industry yet.
  
  Read more

• Shell, Chevron Start Production in Whale Field in US Gulf of Mexico

  10-01-2025 15:30 via rigzone.com
  The partners expect a peak production of 100,000 boed gross.
  
  Read more

• Phillips 66 Closely Monitoring California Fires

  10-01-2025 11:15 via rigzone.com
  'The safety and well-being of our employees remain our top priority', a Phillips 66 spokesperson told Rigzone.
  
  Read more

• Petronas Approves Hidayah Field Project offshore Indonesia

  10-01-2025 09:07 via rigzone.com
  Malaysia's national oil and gas company made a positive final investment decision on the Hidayah field, part of the North Madura II PSC in the waters of East Java province.
  
  Read more

• Faster February Oil Sales from Angola Signal Better Demand in Asia

  10-01-2025 07:30 via rigzone.com
  The pace of sales for February-loading Angolan oil is faster than the last couple of months, with only 20-30 percent of next month's supplies still seeking buyers.
  
  Read more

• Gas More Expensive Than Oil Sets Stage for Asian Fuel Switching

  09-01-2025 22:00 via rigzone.com
  A rally in liquefied natural gas has pushed Asian prices to a rare and substantial premium over oil.
  
  Read more

• Crude Futures Close Higher

  09-01-2025 21:59 via rigzone.com
  Oil prices edged higher as supply risks and strong winter demand offset concerns about China's economic slowdown and a bearish market outlook.
  
  Read more

• Dallas Fed Energy Survey Shows Oil, Gas Sector Activity Increase in 4Q

  09-01-2025 13:58 via rigzone.com
  'The business activity index, the survey's broadest measure of the conditions energy firms face in the Eleventh District, increased from -5.9 in the third quarter to 6.0 in the fourth quarter,' the Dallas Fed noted on its site.
  
  Read more

• SC Says Oil Market Sentiment Appears to Have Improved Significantly

  09-01-2025 11:28 via rigzone.com
  Oil market sentiment appears to have improved significantly over the past month, analysts at Standard Chartered Bank said.
  
  Read more

• Oil Slips Below $74 Amid Resistance at Key Technical Level

  08-01-2025 21:46 via rigzone.com
  Oil prices fell after failing to breach a key technical level, despite continued signs of tightening US crude supplies and increased demand driven by cold weather.
  
  Read more

• USA Gas Prices Were Put Through the Wringer in 2024

  08-01-2025 17:05 via rigzone.com
  U.S. gas prices were put through the wringer in 2024, a BofA Global Research report sent to Rigzone on Tuesday by the BofA Global Research team stated.
  
  Read more

Follow @Prod_IndustryUK on Twitter!