Oil Prices Gain on Yellen Call for Big Stimulus
- Tue, 19 Jan 2021 21:24:13 GMT
Oil surged the most in over a week in London as broader markets rallied on expectations of additional US stimulus boosting the economy.
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IEA Validates Saudi Output Curbs
- Tue, 19 Jan 2021 18:15:47 GMT
On Tuesday, the International Energy Agency slashed forecasts for world oil demand in the first quarter.
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Vaca Muerta Driller Needs to Make Deal with Creditors
- Tue, 19 Jan 2021 17:59:56 GMT
Dollars are now so scarce in Buenos Aires that the central bank refused to let YPF buy the full amount it needed to pay notes coming due in March.
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Keystone XL Could Become Scrap If Biden Pulls License
- Tue, 19 Jan 2021 14:02:19 GMT
Biden's campaign has pledged to cancel the pipeline's license, haunting Canada's oil sands industry.
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Chevron Partners in Israel to Egypt Pipeline
- Tue, 19 Jan 2021 13:46:41 GMT
Chevron and other companies helping to develop Israel's natural gas fields will invest around $235 million in pipelines to export the fuel to Egypt.
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Maersk Drilling Firms Up $100MM Contracts with Total
- Tue, 19 Jan 2021 13:26:07 GMT
The Maersk Developer is already mobilizing for the 500-day combined campaign. PHOTO SOURCE: Maersk Drilling
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API Signs MOU with Azerbaijan Oil Company
- Tue, 19 Jan 2021 13:04:33 GMT
The American Petroleum Institute has signed a Memorandum of Understanding with the State Oil Company of Azerbaijan Republic.
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Investors Flock Back into Oil
- Tue, 19 Jan 2021 12:48:38 GMT
Investors and oil companies are rushing back into the crude market.
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High Interest in Continued Exploration Off Norway
- Tue, 19 Jan 2021 12:37:31 GMT
There is high interest in continued exploration activity on the Norwegian Continental Shelf, according to the Norwegian Ministry of Petroleum and Energy.
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Oil Discovery Made in US Gulf of Mexico
- Tue, 19 Jan 2021 11:37:22 GMT
Kosmos Energy (NYSE, LSE: KOS) announced Tuesday an oil discovery in the U.S. Gulf of Mexico at the Winterfell infrastructure-led exploration well.
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Incident on FPSO Espoir Ivoirien
- Tue, 19 Jan 2021 10:44:32 GMT
An incident which led to two fatalities occurred while work was being performed in a cargo tank onboard the FPSO Espoir Ivoirien.
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Oil Rises on Weaker Dollar and Commodity Optimism
- Tue, 19 Jan 2021 09:55:48 GMT
Brent oil rose, with some assistance from a weakening dollar, as the growing popularity of commodities outweighed signs that a resurgence of the coronavirus in Asia is starting to impact demand.
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Oil Prices Edge Downward
- Mon, 18 Jan 2021 21:28:12 GMT
Oil futures edged lower after China reported new virus cases and the dollar rose, while physical crude prices in Asia weakened.
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Apex Strikes Oil in Egypt
- Tue, 19 Jan 2021 07:58:09 GMT
Apex International Energy on Monday reported a new oil discovery in Egypt's Western Desert. PHOTO SOURCE: Apex
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Leaking Pipeline Underscores Libya Production Challenges
- Mon, 18 Jan 2021 19:33:16 GMT
Libya’s oil output has dropped by about 200,000 barrels a day after the closure of a leaking pipeline
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ConocoPhillips Acquires Concho
- Mon, 18 Jan 2021 18:55:52 GMT
Shareholders have approved ConocoPhillips' acquisition of Concho Resources. PHOTO SOURCE: ConocoPhillips
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Gas Challenges Prompt Hard Questions
- Mon, 18 Jan 2021 16:16:58 GMT
Rigzone prognosticators highlight trends to watch this week in the oil and gas markets.
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Demand Grows for Russia Flagship Crude
- Mon, 18 Jan 2021 14:34:03 GMT
Russia's flagship crude is rising in price in Europe in the wake of Saudi Arabia's surprise oil production cuts.
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Mozambique Army Gains Control in Gas-Rich Province
- Mon, 18 Jan 2021 14:11:09 GMT
Mozambican President Filipe Nyusi has put the military in charge of combating a growing Islamic State-linked insurgency in the natural gas-rich Cabo Delgado province.
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Maersk Urges Better Military Response to West Africa Piracy
- Mon, 18 Jan 2021 13:47:20 GMT
The Gulf of Guinea accounted for 95% of hostages taken in 22 separate instances in 2020.
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