Production & Industry news

• USA Oil Production Unlikely to Surge Under Trump, StanChart Says

  12-11-2024 12:19 via rigzone.com
  'There is a recent media narrative that the second Trump administration will lead to a surge in U.S. oil production'.
  
  Read more

• Shell Urges Court Not to Halt UK North Sea Oil and Gas Projects

  14-11-2024 09:35 via rigzone.com
  Shell Plc urged a UK court not to threaten the commercial viability of a North Sea gas field by halting its development.
  
  Read more

• Global Carbon Emissions Estimated to Have Set Record High

  14-11-2024 08:24 via rigzone.com
  Burning fossil fuels like coal, oil and natural gas caused CO2 releases to rise an estimated 0.8 percent to a record 37.4 billion metric tons in 2024, the Global Carbon Budget study found.
  
  Read more

• Oil Settles on Moderate Gains Amid Mixed Middle East Signals

  13-11-2024 22:03 via rigzone.com
  Oil futures edged higher as traders balanced Middle East risks against an anticipated supply glut and a strong dollar.
  
  Read more

• Advertisement

• 74 Pct of Young People in Key Energy Markets Would Consider Energy Career

  13-11-2024 17:59 via rigzone.com
  In the last decade, the energy sector has been faced with a skills deficit on a global level, OPITO said.
  
  Read more

• USA Climate Official Tells COP29 Oil Boom Aids Energy Transition

  13-11-2024 16:24 via rigzone.com
  U.S. oil and gas production has climbed to record levels.
  
  Read more

• SBM Offshore Sells FPSO Prosperity to ExxonMobil Guyana

  13-11-2024 13:00 via rigzone.com
  ExxonMobil Guyana assumes ownership of the unit, while SBM Offshore will continue to operate and maintain the FPSO up to 2033.
  
  Read more

• EDP Board Member Flags 'Greatest Transformation of All Time' at Web Summit

  13-11-2024 12:20 via rigzone.com
  Rigzone attends the Web Summit event in Lisbon, Portugal.
  
  Read more

• Advertisement

• Biden Imposes Levy on Methane Despite Trump's Election

  13-11-2024 10:17 via rigzone.com
  Oil and gas producers in the U.S. will for the first time be required to pay for some of their methane emissions.
  
  Read more

• Shell Wins Appeal in Dutch Climate Suit

  13-11-2024 09:38 via rigzone.com
  The Hague Court of Appeal agreed with Shell that the company could not be legally forced to set a specific emissions target.
  
  Read more

• Oil Prices Rangebound Amid Weak Demand Outlook

  12-11-2024 21:47 via rigzone.com
  Oil prices held near November lows as oversupply indicators and demand downgrades weighed on the market, with Brent ending below $72 amid a strong dollar and cautious trading on Middle East tensions and economic uncertainties.
  
  Read more

• Exxon CEO Pushes Back on Trump's Anti-Climate Agenda

  12-11-2024 17:10 via rigzone.com
  'The way you influence things is to participate, not to exit'.
  
  Read more

• CNOOC Starts Production at Long Lake Oil Sands Project in Canada

  12-11-2024 08:51 via rigzone.com
  The Chinese state-backed E&P company expects to achieve a peak production of 8,200 barrels of crude oil per day next year at the Alberta project.
  
  Read more

• COP29 Negotiators Agree on Global Carbon Market Mechanism

  12-11-2024 08:49 via rigzone.com
  Climate negotiators secured a breakthrough on day one of the COP29 climate summit.
  
  Read more

• Senegal to Commit to $2.7B Green Transition Plan

  11-11-2024 22:00 via rigzone.com
  Negotiations over the pact with some of the world's richest nations had been slowed by a change of government in Senegal this year.
  
  Read more

• WTI and Brent Drop on Soft China Demand

  11-11-2024 21:36 via rigzone.com
  Oil prices continued their decline as weak demand signals from China and easing market tightness pressured crude futures, with WTI settling near $68 and Brent below $72.
  
  Read more

• Trump Is Likely to Exempt Canadian Energy From Tariffs, Wilbur Ross Says

  11-11-2024 15:41 via rigzone.com
  Canada is the largest external supplier of energy to the United States.
  
  Read more

• Analysts Explain Why USA Natural Gas Price is Rising

  11-11-2024 15:13 via rigzone.com
  Why is the U.S. natural gas price rising today? That's the question Rigzone asked several analysts on Monday.
  
  Read more

• Oil Players Eagerly Anticipating What Lies Ahead After Trump Win

  11-11-2024 13:00 via rigzone.com
  'Regardless of geopolitical uncertainties and the recent election outcome, persistent trends in oil markets are likely to shape the outlook ahead', Rystad stated in a market update sent to Rigzone.
  
  Read more

• EMEA OFS Companies Will Continue to Report Strong Performance

  11-11-2024 11:15 via rigzone.com
  'We expect earnings growth of more than 10 percent in 2024 for oilfield services companies we rate as the industry benefits from rising upstream capital spending', a Moody's Ratings report stated.
  
  Read more

• Russia Mulls Merging Biggest Oil Companies, Reports WSJ

  11-11-2024 07:30 via rigzone.com
  Under one potential plan, state-backed Rosneft would take over Gazprom Neft and Lukoil, the newspaper said.
  
  Read more

• Oil Prices Close Lower as Chinese Stimulus Measures Disappoint

  08-11-2024 21:33 via rigzone.com
  Oil prices fell as weak Chinese stimulus and post-election uncertainty kept WTI trading in a tight range.
  
  Read more

• China Oil Imports Sink Again

  08-11-2024 07:30 via rigzone.com
  Year-to-date shipments are now running more than three percent behind last year's pace.
  
  Read more

• WTI and Brent Climb as Traders Weigh Mixed Market Signals

  07-11-2024 21:51 via rigzone.com
  Oil prices rose, buoyed by equities and a weaker dollar, as traders navigated the mixed effects of Trump's presidency, potential Iran sanctions, and geopolitical tensions on the crude market.
  
  Read more

• From Oil to EVs, Trump Return Set to Shake Up Energy Policy

  07-11-2024 13:39 via rigzone.com
  The election win positions Trump to deliver on his campaign pledges to go after climate policies he has dubbed the 'green new scam' while reorienting the federal government toward pumping more crude and building more power plants.
  
  Read more

• Oil Slips as Trump Victory Sparks Market Uncertainty

  06-11-2024 22:50 via rigzone.com
  Oil prices edged lower as Trump's win lifted the dollar and raised speculation of stricter Iran sanctions, while traders also monitored Gulf production threats from Hurricane Rafael.
  
  Read more

• API Hopes to 'Unleash American Energy' with Trump Win

  06-11-2024 14:54 via rigzone.com
  'We look forward to working with the incoming administration and leaders in both parties to advance bipartisan solutions that unleash American energy as a driver of economic prosperity, environmental progress and stability around the world'.
  
  Read more

• Trump Pulls Off White House Return in Polarized Election

  06-11-2024 13:56 via rigzone.com
  Trump, 78, won an unprecedented race during which he was convicted of felonies, survived two assassination attempts and crushed a challenge from Vice President Harris after she replaced the unpopular President Biden in the campaign's final months.
  
  Read more

• Wood Bags Contract for Aramco's Gas Project

  06-11-2024 13:00 via rigzone.com
  The project, which is expected to take one million engineering hours to execute, will support the country's goal of increasing natural gas production.
  
  Read more

• Libya Eyes Oil Exploration Tender by Early 2025, First since 2011 Civil War

  06-11-2024 07:30 via rigzone.com
  The OPEC member looks to bring back oil majors spooked by years of instability and production shutdowns.
  
  Read more

Follow @Prod_IndustryUK on Twitter!