What Are the Latest AI Developments Oil and Gas Needs to be Aware Of?

28 April 2025, 8:54am
Rigzone talks to Toni Fadnes, the Chief Transformation Officer of eDrilling.
Read more... (source: www.rigzone.com)

Woodside Posts $3.32B Revenue for Q1

28 April 2025, 8:29am
Q1 revenue fell five percent from the prior three-month period primarily due to lower production and weaker oil-linked prices.
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Naftogaz Keeps Gas Prices Unchanged for Another Year

28 April 2025, 6:52am
Naftogaz will continue delivering natural gas to households in Ukraine at the current regulated rate until April 2026 to reflect the current moratorium on raising gas tariffs.
Read more... (source: www.rigzone.com)

Iberdrola Launches Offshore Construction of East Anglia 3 Wind Farm

28 April 2025, 6:44am
Iberdrola said an engineering feat has been achieved with the installation of a giant monopile.
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Gazprom Refiner in Serbia Gets Fresh Reprieve on US Sanctions: Vucic

28 April 2025, 6:30am
'Serbia managed to win another delay in sanctions against NIS, this time for two months, until June 27'.
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Oceaneering Net Income Soars for Q1

28 April 2025, 6:30am
Oceaneering outperformed expectations for the first quarter.
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GeoPark Exceeds Q1 Production Guidance

27 April 2025, 11:00am
The Latin American energy company's pro-forma average daily production in the first quarter reached 36,279 boe, surpassing its initial guidance for the year of 35,000 boe.
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DV Group Embarks on Big Push Into Commodities Beyond Energy

26 April 2025, 12:00pm
DV Group is expanding its nascent commodities-trading business.
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Trade War Is Diverting USA Petroleum Gas Cargoes Away From China

25 April 2025, 8:00pm
The diversions show the disruption to supply chains caused by the trade fight between the U.S. and China.
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WTI Ends Higher But Logs Weekly Loss

25 April 2025, 7:53pm
Oil prices edged up slightly as conflicting US-China trade signals kept markets cautious.
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Texas Oil, Gas Regulator Continues Digitization Drive

25 April 2025, 3:00pm
'Reaching nearly 100 million digitized records is a clear sign of our continued success in fully bringing the world's oldest regulatory agency into the 21st century', RRC Chairman Christi Craddick said.
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US Eases Downhole Commingling Policy to Boost Oil Production

25 April 2025, 2:31pm
The DOI has expanded the allowable pressure differential for single-wellbore oil production from multiple reservoirs in the Gulf of America's deep waters.
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Energy Secretary Aims to Reassure Oil Bosses Amid Trade War

25 April 2025, 1:47pm
Energy Secretary Chris Wright sought to reassure U.S. oil companies during a visit to Oklahoma.
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Valero at a Loss for Q1 after Booking Impairments

25 April 2025, 1:32pm
Valero reported a loss attributable to shareholders of $595 million, or $1.9 per share, impacted by $1.13 billion in pre-tax impairments.
Read more... (source: www.rigzone.com)

AccuWeather Looks at Wildfire Risk for USA Oil, Gas in 2025

25 April 2025, 11:15am
'AccuWeather is forecasting seven to nine million acres to burn across the country this year, which is more than the historical average', AccuWeather Lead Long-Range Expert Paul Pastelok said.
Read more... (source: www.rigzone.com)

Saipem Sees 35 Percent YoY Increase in Q1 Profit

25 April 2025, 10:48am
Saipem reported about $87.45 million in net income for Q1, up 35.1 percent from the same three-month period a year ago on the back of improvements in its engineering and construction segments.
Read more... (source: www.rigzone.com)

Hydrocarbons Discovered at Offshore Namibia Well

25 April 2025, 9:57am
BP and Eni confirmed the preliminary results of the Capricornus 1-X exploration well in Namibia's Orange Basin.
Read more... (source: www.rigzone.com)

Liverpool Bay CCS Project Moves to Construction Phase

25 April 2025, 8:50am
Eni and the UK government have reached financial close on the Liverpool Bay CCS project, with startup planned for 2028.
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ExxonMobil Secures Sixth CO2 Customer in Calpine

25 April 2025, 8:19am
Exxon Mobil signed a deal with Calpine to transport and permanently store up to 2 million metric tons per annum of CO2 from Calpine's Baytown Energy Center.
Read more... (source: www.rigzone.com)

Russia Oil Drilling at Fastest Pace in 5 Years as Curbs Ease

25 April 2025, 6:30am
Russia's oil producers have been drilling at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the possibility of relief from some war sanctions.
Read more... (source: www.rigzone.com)

The United States operates the world’s largest nuclear power plant fleet

24 April 2025, 2:00pm
In 2024, U.S. utilities operated 94 nuclear reactors with a total net generating capacity of nearly 97 gigawatts (GW), the largest commercial nuclear power generation fleet in the world. The next three countries with the largest programs were France with 57 units (63.0 GW), China with 57 units (55.3 GW), and Russia with 36 units (28.6 GW). Nuclear power continues to account for 19% of U.S. power sector electricity generation.
Read more... (source: www.eia.gov)

Distillate and jet fuel contribute to record U.S. petroleum product exports in 2024

23 April 2025, 2:00pm
In 2024, U.S. exports of total petroleum products increased to a record 6.6 million barrels per day (b/d) annual average. Annual U.S. petroleum product exports increased by 495,000 b/d as U.S. exports of distillate fuel oil, typically sold as diesel, and jet fuel increased compared with 2023, while exports of total motor gasoline decreased. Imports of major petroleum products, including gasoline, distillate fuel oil, and jet fuel, decreased by 210,000 b/d in 2024 compared with 2023.
Read more... (source: www.eia.gov)

China's solar capacity installations grew rapidly in 2024

22 April 2025, 2:00pm
Utility-scale solar power capacity in China reached more than 880 gigawatts (GW) in 2024, according to China's National Energy Administration. China has more utility-scale solar than any other country. The 277 GW of utility-scale solar capacity installed in China in 2024 alone is more than twice as much as the 121 GW of utility-scale solar capacity installed in the United States at the end of 2024.
Read more... (source: www.eia.gov)

Five petroleum product pipelines were completed in the United States in 2024

21 April 2025, 2:00pm
In 2024, pipeline companies completed five pipeline projects to transport petroleum liquids in the United States, according to our recently updated Liquids Pipeline Projects Database. The five projects consisted of three hydrocarbon gas liquid (HGL) pipelines and two petroleum product pipelines.
Read more... (source: www.eia.gov)