Kuwait Said to Tap JPM for Up to $7B Pipeline Deal

2 October 2025, 8:00pm
Kuwait Petroleum Corp. is hiring JPMorgan Chase & Co. to help lease part of its pipeline network, according to people familiar with the matter.
Read more... (source: www.rigzone.com)

WTI Sinks Below $61 on Supply Fears

2 October 2025, 7:58pm
Crude fell to its weakest levels since May on expectations OPEC+ will add more supply this weekend.
Read more... (source: www.rigzone.com)

Execs Predict Where Oil Price Will Land in Future

2 October 2025, 2:10pm
Executives from oil and gas firms have revealed where they expect the WTI crude oil price to be at various points in the future in the third quarter Dallas Fed Energy Survey.
Read more... (source: www.rigzone.com)

Trump Keeps Oil Permits Moving in Shutdown

2 October 2025, 2:00pm
The Trump administration plans to continue issuing permits for oil drilling and do other work on 'priority conventional energy projects' during the government shutdown.
Read more... (source: www.rigzone.com)

Imperial Oil to Drop a Fifth of Workforce by 2027

2 October 2025, 1:00pm
The Canada-based integrated oil company, majority owned by ExxonMobil, announced a restructuring plan that involves command decentralization and a workforce reduction of about 20 percent in two years.
Read more... (source: www.rigzone.com)

USA Crude Oil Stocks Rise by Almost 2MM Barrels

2 October 2025, 12:32pm
Crude oil stocks, not including the SPR, stood at 416.5 million barrels on September 26, the EIA's latest weekly petroleum status report showed.
Read more... (source: www.rigzone.com)

Baker Hughes Awarded Contracts by Bechtel, Petrobras

2 October 2025, 12:00pm
Baker Hughes' scope for Port Arthur LNG phase 2 includes four Frame 7 turbines paired with eight centrifugal compressors across two LNG trains.
Read more... (source: www.rigzone.com)

Eni Signs Exploration Contract for Cote d'Ivoire Offshore Block

2 October 2025, 11:00am
The license covers an area of around 1,130 square miles (2,926 square kilometers) in the Ivorian sedimentary basin.
Read more... (source: www.rigzone.com)

Macquarie Reveals Latest Oil Price Forecasts

2 October 2025, 10:33am
Macquarie revealed its latest oil price forecasts for 2025 and 2026.
Read more... (source: www.rigzone.com)

Petronas, UMT Launch Offshore Renewables Center

2 October 2025, 8:12am
'This visionary project serves both as a proof of concept of mixed renewable energy and as a research hub'.
Read more... (source: www.rigzone.com)

European Commission Commits $640 MM for African Energy Transition

2 October 2025, 8:07am
The funding will be divided across projects in nine countries: Cameroon, Central Africa, Ghana, Ivory Coast, Lesotho, Republic of the Congo, Madagascar, Mozambique and Somalia.
Read more... (source: www.rigzone.com)

Iberdrola Gets Pernambuco License Extension to 2060

2 October 2025, 7:55am
'Five years in advance, the new contract guarantees the company the possibility of bringing forward investments of around BRL 6 billion until 2029'.
Read more... (source: www.rigzone.com)

G7 Nears Deal on Fresh Sanctions vs Russian Oil

2 October 2025, 7:33am
'We are aligned on the need to act together and believe that now is the time for a significant coordinated escalation of measures to bolster Ukraine's resilience and critically impair Russia's ability to wage war against Ukraine'.
Read more... (source: www.rigzone.com)

OMV Starts Building Major EU Green Hydrogen Plant

2 October 2025, 7:11am
OMV laid the foundation stone for a 140-MW electrolyzer to produce up to 23,000 metric tons a year of hydrogen in Bruck an der Leitha, Lower Austria.
Read more... (source: www.rigzone.com)

Tamboran, Falcon Agree Merger, Approve Beetaloo Gas Project

2 October 2025, 7:04am
Tamboran and Falcon Oil & Gas signed a definitive merger agreement that they said will create a leading position of about 2.9 million net acres in the Beetaloo sub-basin onshore Australia's Northern Territory.
Read more... (source: www.rigzone.com)

Oil Extends Losses Before OPEC+ Meeting

1 October 2025, 9:59pm
Oil prices fell for a third straight session as traders weighed possible OPEC+ output hikes and swelling US reserves.
Read more... (source: www.rigzone.com)

Pemex Turning Into One of Mexican Gov's Heaviest Financial Burdens

1 October 2025, 8:00pm
Petroleos Mexicanos has gone from the nation's golden goose to a major albatross.
Read more... (source: www.rigzone.com)

Dallas Fed Survey Shows Oil and Gas Activity Decline

1 October 2025, 2:02pm
Rigzone takes a look at the third quarter Dallas Fed Energy Survey.
Read more... (source: www.rigzone.com)

Texas used twice as much energy as California and three times as much as Florida in 2023

1 October 2025, 2:00pm
In 2023, Texas consumed more energy than any other state. Total energy consumption in Texas was twice as much as in California, the second-highest consuming state, and more than three times as much as in Florida, the third-highest consuming state, according to recently released data in our State Energy Data System (SEDS). U.S. total energy use peaked in 2007, and between 2007 and 2023, Texas's energy consumption increased 21%, while U.S. energy use decreased 5%. According to our SEDS data, most of the energy consumption growth in Texas is attributable to increased industrial activity, population, and electricity demand.
Read more... (source: www.eia.gov)

Civitas Said to Explore Potential Sale

1 October 2025, 1:31pm
Civitas rose 1.9 percent to close at $32.50 in New York trading Tuesday.
Read more... (source: www.rigzone.com)

TotalEnergies to Acquire Stake in Anadarko Gas Producing Assets

1 October 2025, 1:00pm
TotalEnergies signed an agreement to buy a 49 percent stake in natural gas-producing assets operated by Continental Resources on Oklahoma's side of the Anadarko basin.
Read more... (source: www.rigzone.com)

Two U.S. markets occasionally produce more electricity from coal than from natural gas

29 September 2025, 2:00pm
Two electricity markets in the Midwest still generate more electricity from coal than from natural gas in at least some months of the year: Southwest Power Pool (SPP) and the Midcontinent Independent System Operator (MISO). We expect these two regions will generate more electricity from coal than from natural gas in some upcoming winter months, based on forecasts in our latest Short-Term Energy Outlook.
Read more... (source: www.eia.gov)

Distributed solar generating capacity is the fastest-growing power source in Brazil

26 September 2025, 2:00pm
Growth in distributed solar generation capacity has driven growth in total electricity generation capacity in Brazil since 2019. Distributed solar generation capacity grew from less than 1 gigawatt (GW) in 2018 to 40 GW in 2025 through June, accounting for 43% of all electricity capacity additions over that period.
Read more... (source: www.eia.gov)