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Goldman Sachs Further Lowers Brent Projection
Monday, June 12, 2023The bank has dropped its Brent forecast for December to $86 a barrel, down from its previous estimate of $95 a barrel.
USA Buying 6MM Barrels to Refill SPR
Monday, June 12, 2023The USA wants to get the SPR to its would-be level had it not been for releases induced by the Ukraine war.
Aker BP Completes Record-Breaking Drill for North Sea Discovery
Monday, June 12, 2023Aker BP has raised expected reserves from the discovery to 53-90 MMboe after a record drilling.
EU Posts 2.8 Percent Lower Fossil Fuel CO2 Emissions for 2022
Monday, June 12, 2023The EU emitted an estimated 2.4 gigatons of CO2 from energy production using fossil fuels in 2022.
UK Government Announces New Oil and Gas Tax Changes
Monday, June 12, 2023The UK government says the tax changes are set to protect energy security and British jobs.
Carbon Capture, CO2 Removal to Play Key Decarbonization Role: S&P Global
Monday, June 12, 2023CCS and CDR will “play a key role in decarbonization” targets of companies.
Generative AI Will Have Profound Impact Across Sectors
Monday, June 12, 2023Rigzone speaks to Hussein Shel, an Energy Enterprise Technologist at Amazon Web Services.
Iran Says There Are No Negotiations with USA Over Nuclear Deal
Monday, June 12, 2023Iran denied reports it's in talks with the U.S. over an interim nuclear deal to get sanctions relief.
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Shell CEO's New Strategy Sees Long Term Future for Natural Gas
Monday, June 12, 2023Shell Plc sees a long-term role for natural gas in the world's energy mix .
Short Sellers Refuse to be Cowed
Monday, June 12, 2023One of Rigzone's regular market watchers takes a look at the new production cut from Saudi Arabia, recent oil price moves, market volatility, and more.
Oil Tumbles Alongside Goldman Forecast
Monday, June 12, 2023Physical markets are not painting a rosy picture.
Labour Pushes Back $35B Green Pledge Blaming UK Economy
Sunday, June 11, 2023The UK's main opposition Labour Party scaled back its flagship pledge to invest $35 billion a year on a green energy transition if it wins the next election.
ADNOC Chief: Shift from Fossil Fuel Unavoidable
Friday, June 09, 2023Sultan Al Jaber, tapped to lead UN climate talks, said “the phase-down of fossil fuels is inevitable”.
Global Oil Demand for Road Transport to Peak in 2027: BNEF
Friday, June 09, 2023BNEF projects global oil demand for road transport will peak in 2027 as EV use surges in the coming years.
USA EIA Hikes Up 2023 and 2024 Brent Oil Price Forecasts
Friday, June 09, 2023The U.S. Energy Information Administration increased its average Brent spot price forecast for 2023 and 2024 in its latest short term energy outlook.
Biden Urged to Demand Climate Emergency as Smoke Chokes Washington
Friday, June 09, 2023An emergency declaration by President Biden would unlock sweeping executive powers.
Improved Wage Offer Ends North Sea Dispute
Friday, June 09, 2023'Unite has secured a vastly improved wage deal for our Bilfinger members'.
EU Looks to Boost Efforts to Store Captured Carbon Underground
Friday, June 09, 2023The European Union has started work on a key element of its plans to reach climate neutrality by the middle of the century.
Oil Down as Demand Concerns Supercede Saudi Cuts
Friday, June 09, 2023Saudi cuts announced last weekend failed to overcome energy demand headwinds.
Coal Getting Cheaper in China Despite Heat-Induced Demand Surge
Thursday, June 08, 2023Despite scorching heat boosting power demand, Chinese coal hasn't been this cheap in over two years.
Aker BP's 1.07 Bboe North Sea Projects Get Parliament Nod
Thursday, June 08, 2023The green light paves the way for final approval by the Petroleum and Energy Ministry of the development plans for the Yggdrasil area and the Valhall field extension project.
Mitsubishi Shipbuilding Eyes to Fuel Sea Transport with Ammonia
Thursday, June 08, 2023Mitsubishi Shipbuilding has entered a deal for technical studies on technologies that would enable ammonia to be used to power vessels.
UK Offshore Energy Calls for Labour Party Meet
Thursday, June 08, 2023'The 200,000 people working in this industry have heard Labour's proposals and have questions about how they would work in reality'.
Two Main Forces Have Come Together to Pull Down Commodity Prices
Thursday, June 08, 2023Except for gold, beef, and sugar, major commodity prices are down year on year, BofA Global Research highlighted in a new report.
Rerouted Oil to Soften Russian Economy Contraction: World Bank
Wednesday, June 07, 2023Oil shipment volumes from Russia “have not changed materially” despite war sanctions.
Saudis Remind Global Oil Market Who is King
Wednesday, June 07, 2023Saudi Arabia has once again reminded the global oil market who is king, according to Skandinaviska Enskilda Banken AB.
USA Aims to Raise Clean Hydrogen Output to 10 MMT Yearly
Wednesday, June 07, 2023The DOE released the USA roadmap for expanding the clean hydrogen industry, targeting to increase production to 10 MMT annually by 2030.
Global Electricity Access Growth Slows in Past Three Years: IEA
Wednesday, June 07, 2023To reach universal access by 2030, the annual growth rate in electricity access must be one percentage point a year from 2021 onward.
Exxon CEO Tells Europe to Follow USA Approach to Climate Action
Wednesday, June 07, 2023Europe has been working with a greater sense of urgency since the Biden administration last year passed its Inflation Reduction Act.
Debt Ceiling Deal Becomes Law
Wednesday, June 07, 2023H.R.3746 includes provisions that expedite the permitting process for certain energy projects.
Analyst Flags Downward Trajectory of USA Henry Hub Prices
Wednesday, June 07, 2023'This maintains the downward trajectory of prices since the highs observed in 2022'.
Oil Rises on Refinery Summer Run-Up
Wednesday, June 07, 2023Refinery crude processing reach rates not seen since August 2019 in preparation for summer demand.
What Do Latest OPEC+ Moves Mean?
Tuesday, June 06, 2023Rystad Energy, S&P Global Commodity Insights, and XTB share their views.
Philippines Receives Nearly 400 Bids for Renewables Development
Tuesday, June 06, 2023The Philippines is holding its second renewables auction with 11,600 MW in offer.
UK Energy Transition Can Create More New Jobs than Lost: Study
Tuesday, June 06, 2023But government intervention is needed to enable the UK to take advantage of the job market opportunity from the energy transition.
Does the Global Drug Trafficking Industry Affect Oil and Gas?
Tuesday, June 06, 2023'There are two main groups of actors in the international drug trade that can impact oil and gas - cartels and insurgent actors'.
Fatality At North Rankin Complex
Tuesday, June 06, 2023'This is a very sad day for the extended Woodside family'.
Russian Crude Flows Stay High
Tuesday, June 06, 2023Russian crude oil flows to international markets continue unabated.
Saudi Cuts Fail to Sustain Rally
Tuesday, June 06, 2023Demand uncertainties overcome Saudi Arabia's supply cuts.
Saudi to Cut Output by 1MM BPD in Solo OPEC+ Move
Monday, June 05, 2023The extra cut in July takes Saudi Arabia's production to the lowest level for several years after a slide in crude prices.
UAE to Have Own Electrolyzer Production for Green Hydrogen
Monday, June 05, 2023ADNOC has entered a deal for the establishment of domestic electrolyzer manufacturing to produce green hydrogen.
UK Starts More Reforms to Speed Up Renewable Power Generation
Monday, June 05, 2023The UK's electricity system operator has initiated additional reforms to enable developers to build their own connections to the grid.
Data Science is the Future of Oil and Gas
Monday, June 05, 2023'Data science will increase the capability of oil and gas operations dramatically'.
Putin Gains Influence in Oil Rich Libya
Monday, June 05, 2023While the U.S. ponders whether to reopen its embassy in Libya, Vladimir Putin's new ambassador is preparing to take up his post in the capital.
North America Loses More Rigs
Monday, June 05, 2023North America dropped five more rigs week on week, according to Baker Hughes.
Starmer Says Oil and Gas in UK Mix for Years in Bid to Calm Unions
Monday, June 05, 2023UK opposition leader Keir Starmer said oil and gas would remain part of the country's energy mix 'for many, many years'.
Oil Edges Up Amid Broader Risk Off Sentiment
Monday, June 05, 2023Oil inched higher as Saudi Arabia's go-it-alone production cuts were offset by broader risk-off sentiment and traders waiting to see if cuts will materialize.
Aramco Holds Talks with Turkish Firms on $50B Planned Projects
Friday, June 02, 2023Aramco met with Turkish contractors to discuss $50 billion of potential projects in the Gulf kingdom.
India to Boost Renewables Capacity, Avoid New Coal Plants
Friday, June 02, 2023India plans no new coal power plants in the next five years.
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