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.
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.
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.
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.
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.
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
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.
Investors Flock Back into Oil
- Tue, 19 Jan 2021 12:48:38 GMT
Investors and oil companies are rushing back into the crude market.
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.
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.
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.
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.
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.
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
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
ConocoPhillips Acquires Concho
- Mon, 18 Jan 2021 18:55:52 GMT
Shareholders have approved ConocoPhillips' acquisition of Concho Resources. PHOTO SOURCE: ConocoPhillips
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.
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.
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.
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.