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North America Adds 21 Rigs Week on Week

North America added 21 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

middle-east · usa

Rigzone Oil News46d05/25

India Raises Diesel, Gasoline Prices for 4th Time in May

India's state-run fuel retailers raised gasoline and diesel prices for the fourth time in 10 days in response to disruptions in global energy markets.

middle-east · usa · india

Rigzone Oil News46d05/25

Chevron's Leviathan Partners to Supply Gas to Dalia Power Plants in Israel

The 20-year contract, which excludes the U.S. energy giant, initially involves up to about 1.3 billion cubic meters.

middle-east · usa · israel

Rigzone Oil News46d05/25

OEUK Holds Emergency Talks with Industry Leaders

'The government must support our own producers, industries, and workers', OEUK Chief Executive David Whitehouse said.

middle-east · usa · europe

Rigzone Oil News46d05/25

Analysts Explain Oil Price Drop

'On late Saturday, there seemed to have been a breakthrough in the U.S.-Iran war', Gaik June Goh, a senior oil market analyst at Sparta Commodities, said.

middle-east · usa · iran

Rigzone Oil News46d05/25

Eni Secures LNG Offtake Deals for Indonesia Projects

The agreements for liquefied natural gas produced using feed gas from the North Hub and South Hub projects amount to about 2 million metric tons a year.

middle-east · usa

Rigzone Oil News46d05/25

Uniper to Resume Dividend Payments

Uniper shareholders approved a dividend of EUR 0.72 ($0.84) per share for 2025, the power and gas utility's first dividend payment since its bailout by the German government late 2022.

middle-east · usa · germany

Rigzone Oil News46d05/25

Gazprom Starts Production at Chona Fields in Eastern Siberia

The Russian state-controlled company expects the project to feed up to 2 million tons of oil a year to the Eastern Siberia-Pacific Ocean pipeline system.

middle-east · usa · russia

Rigzone Oil News46d05/25

Qatar Quietly Ships LNG via Hormuz to Key Buyers

Three tankers loaded with liquefied natural gas appear to have crossed the Strait of Hormuz in recent days, as suppliers in Qatar and the UAE attempt to get fuel out to key buyers despite the near-total closure of the waterway.

middle-east · usa

Rigzone Oil News47d05/24

Worley Bags 3-Year Engineering Contract from APA

'Under an exclusive three-year engineering partnership, Worley will work with APA to deliver its phased and scalable infrastructure development program aimed at reducing constraints, increasing optionality and improving system flexibility'.

middle-east · usa

Rigzone Oil News48d05/23

NYSE Owner, OKX to Launch Perpetual Futures Tied to Oil

Intercontinental Exchange Inc is working with OKX to launch oil futures contracts that never expire.

middle-east · usa

Rigzone Oil News48d05/22

Ukraine Says It Targeted Yaroslavl Oil Refinery Again

Ukrainian forces used long-range drones against Russia's oil-processing and export facilities, in particular the Yaroslavl refinery on Thursday night, Zelenskyy said in a Telegram statement.

middle-east · usa · russia

Rigzone Oil News48d05/22

Oil Swings on Iran Peace Hopes

Energy markets remain volatile as Iran negotiations and supply risks continue.

middle-east · usa · iran

Rigzone Oil News49d05/22

USA Crude Oil Stocks Drop Almost 8MM Barrels WoW

Crude oil stocks, not including the SPR, stood at 445.0 million barrels on May 15, according to the EIA's latest weekly petroleum status report.

middle-east · usa · europe

Rigzone Oil News49d05/22

UK to Close Oil Tax Loophole

Chancellor of the Exchequer Rachel Reeves said the UK is closing a tax loophole on oil and gas companies.

middle-east · usa · uk

Rigzone Oil News49d05/22

ExxonMobil, QatarEnergy Eye Egypt Facilities for Potential Cyprus Gas

Exxon Mobil and QatarEnergy signed an MoU with Egypt to assess the potential of developing natural gas discoveries in Cyprus through the North African country's existing infrastructure.

middle-east · usa

Rigzone Oil News49d05/22

EIR Says Qatari LNG Outage Will Shift Gas Market to Deficit

Enverus Intelligence Research outlined that the Qatari LNG outage will shift the global gas market into a structural deficit.

middle-east · usa

Rigzone Oil News49d05/22

Oil Exerts Influence Well Beyond Energy Market

Oil continues to exert an influence well beyond the energy market itself, Ole Hansen, Saxo Bank's Head of Commodity Strategy, said.

middle-east · usa

Rigzone Oil News49d05/22

Ithaca Completes Acquisition in Shell Discovery, Farms Down Fotla

The UK producer completed the purchase of a 50 percent stake in two Shell licenses in the West of Shetland Basin, while entering into an agreement to sell part of its ownership in the Fotla project in the North Sea to Harbour Energy.

middle-east · usa · uk

Rigzone Oil News49d05/22

Equinor, Aker BP Agree Stakes Swap in North Sea, Barents Sea

'The parties will seek alignment on key areas of joint interest on the Norwegian continental shelf, with the aim of speeding up the development of resources to uphold high production levels and unlock value'.

middle-east · usa · norway

Rigzone Oil News49d05/22

First Oil Tanker to Exit Hormuz since War Expected in Japan

Japan - one of Asia's biggest importers of energy from the Middle East - flagged the impending arrival of the first Persian Gulf oil shipment to transit the contested Strait of Hormuz since the Iran war began.

middle-east · usa · iran

Rigzone Oil News49d05/21

Conoco Says Venezuela Bid to Woo Oil Firms Falls Short

The head of ConocoPhillips said Venezuela's initial steps to attract foreign oil companies that could help revive the nation's production are falling well short.

middle-east · usa

Rigzone Oil News49d05/21

Crude Closes Down for Third Day

Crude settled lower amid hopes for a Strait of Hormuz reopening.

middle-east · usa

Rigzone Oil News50d05/21

Oil Near $100 Seen as Base Case for 2026

Oil market participants are increasingly pricing crude to be capped near $100 a barrel over the next year.

middle-east · usa

Rigzone Oil News50d05/21

USA EIA Reveals Latest USA Diesel Price Forecast for 2026

A quarterly breakdown included in the EIA's May STEO projected that the on-highway diesel fuel price will average $5.36 per gallon in the second quarter of this year.

middle-east · usa

Rigzone Oil News50d05/21

BP Enters 3 New Indonesian Blocks

Two of the exploration blocks sit near the BP-operated Tangguh LNG in Papua Barat province, presenting 'potential for short-cycle development', BP said.

middle-east · usa

Rigzone Oil News50d05/21

Naftogaz Wins Foreign Court Order to Enforce $1.4B Claims against Gazprom

The Astana International Financial Center Court - not part of Kazakhstan's judicial system - allowed Naftogaz to enforce a $1.4-billion international arbitration award against Gazprom in the country.

middle-east · usa · india

Rigzone Oil News50d05/21

What Happens to Oil if Iran Permanently Taxes Hormuz Traffic?

What would the implications be for the oil market if Iran decided to permanently tax/toll traffic through the Strait of Hormuz?

middle-east · usa · iran

Rigzone Oil News50d05/21

Wood Mackenzie Warns Oil Could Hit $200

Wood Mackenzie said its analysis indicates that Brent crude prices could approach $200 per barrel by end-2026.

middle-east · usa

Rigzone Oil News50d05/21

Constellation to Invest in Pine Creek RNG

'The agreement creates the framework for Constellation and Pine Creek to develop approximately 3.0 million MMBtus annually of additional RNG production'.

middle-east · usa