Industry News

Oil Posts Weekly Gain Settling Above $80

17 May 2024, 9:17pm
Oil notched a weekly gain while futures stayed in a narrow range, with the outlook for supply and inflation in focus.
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Brazil Oil Junior 3R Agrees to Buy Enauta for About $1.2B

17 May 2024, 9:00pm
3R Petroleum Oleo e Gas SA agreed to acquire Enauta Participacoes SA in an all-stock deal.
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ABL to Acquire Energy Consultancy Ross Offshore

17 May 2024, 8:00pm
Ross Offshore will merge with ABL Group company AGR after the completion of the transaction.
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Honeywell, Weatherford Partner for Emissions Management Solution

17 May 2024, 7:00pm
The collaboration combines Honeywell's emissions management suite with Weatherford's CygNet SCADA platform.
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US DOE Offers $71MM Aid for Projects Developing Solar Tech

17 May 2024, 5:30pm
'The Biden-Harris Administration is committed to building an American-made solar supply chain that boosts innovation, drives down costs for families, and delivers jobs across the nation'.
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DNO Closes Arran Field Stake Acquisition in UKCS

17 May 2024, 3:33pm
The Arran field stake was acquired by DNO subsidiary DNO Exploration UK Limited from ONE-Dyas E&P Limited.
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JMR Expands USA Plug and Abandonment Footprint with M&A

17 May 2024, 3:25pm
JMR now operates a total of 34 full service plug and abandonment packages.
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Nigeria's Tinubu Commissions Three Gas Infra Projects

17 May 2024, 3:09pm
Nigerian President Bola Ahmed Tinubu has commissioned three expansion projects.
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Qatar Eyes More Long-Term LNG Deals This Year

17 May 2024, 3:03pm
Qatar expects to secure more long-term agreements with liquefied natural gas customers this year.
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RRC Challenging New EPA Rule

17 May 2024, 12:11pm
'President Biden is hellbent on making American's energy more expensive and less reliable,' one RRC Commissioner said.
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Suriname's Oil Resources Seen Totaling 2.4B Barrels

17 May 2024, 12:03pm
Suriname's discovered oil resources now total more than 2.4 billion barrels of crude and liquids, according to Wood Mackenzie.
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Biden Administration Increasing Tariffs on $18B of Imports from China

17 May 2024, 11:23am
The new tariffs under President Biden may be a case of history repeating, Xeneta's Chief Analyst said.
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EIR Analyst Says Crescent Deal Addresses Key Concerns for SilverBow

17 May 2024, 9:57am
Crescent Energy and SilverBow have entered into a definitive agreement pursuant to which Crescent will acquire SilverBow in a transaction valued at $2.1 billion.
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Hess Investors Advised by Glass Lewis to Back Chevron Deal

17 May 2024, 8:25am
The driving force behind Chevron's strategy to buy Hess is winning its 30 percent stake in a massive oil field off Guyana.
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Crescent Energy Nears $2.1B Deal for SilverBow

16 May 2024, 9:00pm
Crescent Energy Inc. agreed to buy SilverBow Resources Inc.
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Oil Edges Higher as US Stockpiles Fall

16 May 2024, 7:33pm
Oil erased earlier losses to close higher, but remained within a tight range as traders weighed shrinking US stockpiles and the outlook for inflation in the world's largest economy.
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Low-Carbon Fuel Groups in US Urge Prompt Issuance of Tax Credit Guidance

16 May 2024, 5:30pm
'Any extended delays in publication of guidance for the Sec. 45Z credit may disrupt project timelines, impede capital flows, and threaten existing production and demand for low carbon renewable fuels'.
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Methane Elimination Tech Firm Gets Investment from BC First Nation

16 May 2024, 4:00pm

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EIA Reveals Latest Henry Hub Gas Price Forecasts

16 May 2024, 2:06pm
The U.S. Energy Information Administration revealed its latest Henry Hub gas price forecasts for 2024 and 2025.
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First Nation Blockade is a Breach of Court Order: Obsidian Energy

16 May 2024, 2:00pm
'These are not reasonable terms for a resolution to the blockade'.
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Natural gas-fired electricity generation in Texas set winter record in January 2024

16 May 2024, 12:00pm
The electric power grid managed by the Electric Reliability Council of Texas (ERCOT) recorded an all-time high for winter natural gas-fired electricity generation for an hour in January, according to our Hourly Electric Grid Monitor, when a three-day cold snap increased electricity demand. Hourly natural gas-fired electricity generation increased to 49.4 gigawatts (GW) for the hour starting at 7:00 p.m. central time on January 16, 2024, 1% more than the previous winter record of 48.8 GW set on December 23, 2022, and within 4% of the summer hourly high of 51.2 GW set between 7:00 p.m. and 8:00 p.m. on August 25, 2023.
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Higher refining costs could increase summer gasoline prices

15 May 2024, 12:00pm
Average monthly prices for regular-grade retail gasoline in the United States could increase by more than 10 cents per gallon (gal) if refinery output is lower than expected, according to an analysis we published on May 14.
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Russia's seaborne diesel trading partners shifted after Feb 2023 sanctions

13 May 2024, 5:00pm
In 2023, Brazil and Saudi Arabia replaced France and Germany as the countries with the second- and third-most seaborne diesel imports from Russia after sanctions related to Russia's petroleum product trade went into effect in February 2023. T�rkiye was Russia's largest seaborne diesel importer in both 2022 and 2023.
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