Rigzone

JUNE 27, 2025

The consortium forwarded the development plan to Norway’s Energy Ministry on Thursday, the majority state-owned energy major said. The Fram South development consists of Echino South, discovered 2019; Blasto, discovered 2021; and two smaller discoveries. Var Energi ASA owns 40 percent.

Exploration and Production

Permian Basin Oil and Gas Magazine

JULY 4, 2025

In what was described as “a significant decision for Texas property and energy law,” Texas Supreme Court affirmed a lower court ruling that produced water belongs to the mineral estate unless expressly conveyed to the surface estate owner. The opinion in Cactus Water Services v.

Upstream

Oil & Gas 360º

JULY 18, 2025

energy sector. Stabroek is a highly attractive asset, with 11 billion barrels of oil reserves and production costs of only around $20 a barrel, among the lowest in the world, according to consultancy Rystad Energy. Exxon’s decision to file this arbitration was likely motivated by a desire to hamper the growth strategy of its key U.S.

Oil

Rigzone

JULY 24, 2025

In 2019 another 10-year agreement was penned for TotalEnergies to supply 250,000 metric tons per annum to CMA CGM at Marseille Fos. We’d love to hear from you, join the conversation on the Rigzone Energy Network. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!

Natural Gas

Valor

JUNE 23, 2025

holds a key weapon in its massive shale energy output. million barrels a day from 2016-2019 has spurred a 9% rally in a basket of related U.S. Read more Democrats, Independents cool on solar and wind energy, poll says Summary : An AP-NORC poll shows U.S. Shale’s ability to add 4.2

Energy

Oil Review Middle East

JULY 20, 2025

Upstream merger and acquisition (M&A) activity fell sharply in early 2025, although gas deals are proving attractive, according to new research from Rystad Energy Global deal value plunged 39% from the fourth quarter of 2024 to just US$28bn in the first quarter of 2025 – less than half the US$6bn recorded in the same period a year earlier.

Upstream

McKinsey

JULY 10, 2025

Renewable energy sources are rapidly expanding and driving the decarbonization effort, yet certain industries, particularly those with hard-to-abate (HtA) emissions, require additional solutions. “European electricity prices and costs,” Ember Energy, accessed April 2025. percent, and the maximum rate raised from 1.6

Transportation

CNBC: Energy

JUNE 21, 2025

Energy Information Administration estimated in May that retail electricity prices would outpace inflation through 2026. "It's a pretty simple story: It's a story of supply and demand," said David Hill, executive vice president of energy at the Bipartisan Policy Center and former general counsel at the U.S.

Finance

Rigzone

JULY 2, 2025

Summer Nuclear Station has provided reliable, affordable and increasingly clean energy for our customers in the Palmetto State for more than 40 years”, Dominion Energy chief nuclear officer Eric Carr said in an online statement Tuesday. It can serve nearly 242,000 homes according to Dominion Energy. “To ensure V.C.

Operator

Rigzone

JUNE 20, 2025

However, TotalEnergies that year exited the Sonatrach Total Entreprise de Polymeres joint venture formed 2019 to explore a petrochemical project in Arzew in the northwest of Algeria. We’d love to hear from you, join the conversation on the Rigzone Energy Network. There’s a reason 700K+ energy professionals have subscribed.

Exploration and Appraisal

Oil & Gas 360º

JULY 21, 2025

He abandoned his takeover bid for Anadarko Petroleum in 2019 after being outmanoeuvred by Occidental Petroleum’s higher offer. For Chevron, this favorable ruling helps the major avoid other time-consuming (and likely costly) approaches for inorganic growth,” said Atul Raina, vice president at Rystad Energy.

Casing

Oil & Gas 360º

JULY 11, 2025

sanctions on Venezuela’s energy industry since 2019. Venezuela has some of the world’s largest reserves of oil, but its crude output remains at a fraction of what it was a decade ago after a lack of investment, mismanagement at PDVSA and U.S. The licenses to U.S. and European refineries.

Oil

Rigzone

JUNE 27, 2025

It’s a company built on firm foundations, much like the strong granite synonymous with the city” “Adura will sustain domestic oil and gas production and security of energy supply in the UK and beyond”, Equinor added. We’d love to hear from you, join the conversation on the Rigzone Energy Network.

Exploration and Production

Vorys Energy

APRIL 23, 2025

In Senterra Ltd.

IT

Permian Basin Oil and Gas Magazine

JUNE 23, 2025

Actually, it was in late 2024 that the wireline sector witnessed a big move, when Axis Energy Services merged with Brigade Energy Services to create what the combined company—Dallas-based Axis Energy Services LLC —described as the largest well servicing company in America. We started off logging for Diamondback Energy.

Basin

Oil & Gas Magazine

JULY 2, 2025

Ataques a infraestructura saudita en 2019: Si bien no involucraron un cierre de Hormuz, merece mención el ataque con drones a las instalaciones de Abqaiq (Arabia Saudita) en septiembre de 2019 –atribuido indirectamente a Irán– porque provocó el mayor salto diario de precios en décadas. Energy Information Administration (2025).

E&A

Rigzone

JULY 8, 2025

by Andreas Exarheas | Rigzone Staff | Tuesday, July 08, 2025 | 10:51 AM EST Rigzone takes a closer look at the Energy Institute's latest statistical review of world energy report. exajoules in 2019, 30.07 exajoules in 2024, the EI’s latest statistical review of world energy showed. natural gas demand was 26.00

Natural Gas

Rigzone

JUNE 19, 2025

Image by NicoElNino via iStock Norway’s Energy Ministry has offered Equinor ASA new acreage to explore potential carbon dioxide (CO2) injection sites in Norwegian waters. “This shows that there is interest in offering safe and secure storage of CO2 captured in Europe”, said Energy Minister Terje Aasland.

Oil

Rigzone

JUNE 25, 2025

“The amount includes the principal debt for gas transit services under the 2019 agreement, as well as delay interest and full compensation for legal expenses incurred by Naftogaz”, Naftogaz said in an online statement. We’d love to hear from you, join the conversation on the Rigzone Energy Network.

Natural Gas

Rigzone

JULY 7, 2025

by Andreas Exarheas | Rigzone Staff | Monday, July 07, 2025 | 7:00 AM EST Rigzone takes a closer look at the Energy Institute's latest statistical review of world energy report. exajoules in 2019, 33.29 The total world natural gas production figure in the EI’s latest statistical review of world energy was a 1.2

Natural Gas

Oil Gas Leads

JULY 16, 2025

As the company moves toward its 2030 production and sustainability targets, the remainder of 2025 will be pivotal in reinforcing its competitive edge in global energy markets. Sustain Low-Carbon Leadership in the Permian Environmental performance remains central. onshore portfolio through targeted sales and strategic redeployment.

Basin

Oil & Gas 360º

JUNE 24, 2025

But it was clear as early as 2019 that it would be behind schedule and it now seems to have fallen off the rails entirely. I would not say that it had a lot of impact in phasing out subsidies,” said Jonas Kuehl, a policy adviser in the energy program at the International Institute for Sustainable Development. “It

Completion

Rigzone

JULY 7, 2025

“Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of approximately 5 trillion to 8 trillion cubic feet (142 billion to 227 billion cubic meters)”, the United States energy giant said in a press release February 28, 2019. QatarEnergy holds 40 percent.

Gas

Rigzone

JUNE 11, 2025

MORE FROM THIS AUTHOR Paul Anderson Writer OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! There’s a reason 700K+ energy professionals have subscribed. percent per year. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed. 700K Industry Pros can’t be wrong.

Completion

CNBC: Energy

JUNE 22, 2025

Strait of Hormuz The worst-case scenario for the oil market would be an attempt by Iran to close the Strait of Hormuz, according to energy analysts. Some 20 million barrels per day of crude, or 20% of global consumption, flowed through the strait in 2024, according to the Energy Information Administration. Riyadh, a close U.S.

Oil

Rigzone

JULY 28, 2025

Energy Information Administration] basin definition - decreased by four to 403 rigs, while the rig count in the two major tight gas basins increased by one to 78 rigs. We’d love to hear from you, join the conversation on the Rigzone Energy Network. There’s a reason 700K+ energy professionals have subscribed.

Basin

CNBC: Energy

JUNE 23, 2025

Iranian Navy soldiers at an armed speed boat in Persian Gulf near the strait of Hormuz about 1320km (820 miles) south of Tehran, April 30, 2019. The inability of oil to traverse through, even temporarily, can ratchet up global energy prices , raise shipping costs and create significant supply delays. Energy Information Administration.

Electronics

Rigzone

JUNE 23, 2025

According to a Commission analysis of National Energy and Climate Plans (NECPs), published May, most member states have declared national contributions that are in line with the Renewable Energy Directive’s target to raise the share of renewables in the overall regional energy mix to 42.5 percent, followed by hydro at 29.2

Energy

Rigzone

JULY 25, 2025

"We are sending a clear signal that Canada's energy future will be built by Canadians, for Canadians," Moe said. "Our made-in-Saskatchewan approach to lowering GHG emissions is working, and these numbers show it," Saskatchewan Energy and Resources Minister Colleen Young said. 700K Industry Pros can’t be wrong.

Transportation

Rigzone

JUNE 23, 2025

By directly reducing the carbon intensity of the energy products used by our customers, we are actively working with them as part of our net zero approach, together with society”, Valérie Goff, Senior Vice President for Renewable Fuels & Chemicals at TotalEnergies, said. 700K Industry Pros can’t be wrong.

Sustainable

Oil & Gas 360º

JULY 10, 2025

SPR levels dropped to a 40-year low of 347 million barrels in July 2023 after Trump’s predecessor Joe Biden carried out several SPR sales to ease rising oil prices, including releasing 180 million barrels in 2022 after Russia’s invasion of Ukraine sparked concerns about a global energy shortage. crude prices and take years to accomplish.

Oil

Rigzone

JULY 7, 2025

Refiners in the US are churning through the most crude for the time of year since 2019, and prices for some fuels like diesel have soared. A substantial surplus looms later this year, according to the International Energy Agency in Paris. We’d love to hear from you, join the conversation on the Rigzone Energy Network.

Barrel

Oil & Gas 360º

JULY 16, 2025

But when it comes to the green energy transition, it’s mining companies and governments that will play an outsized role. Critical minerals like lithium, lime, copper, and gold are essential to decarbonising energy systems worldwide. Since 2019, SCC has invested approximately US$379.9 of its net earnings.

Sustainable

SmartBrief

JUNE 19, 2025

CME Group has seen record volumes in energy markets and has also seen growth across agricultural and metals, with significant increases in EMEA and APAC regions. We’ve seen record levels of activity across agricultural markets, metals markets and energy markets. So what we’re seeing is not a risk off. Oh my gosh.

Management

Rigzone

JULY 25, 2025

Image by Timothy Epple via iStock The Department of Energy (DOE) has terminated a conditional award of up to $4.9 “This ongoing review positions LPO to move forward with a lower risk tolerance in lending practices and an uncompromising focus on expanding access to affordable, reliable and secure energy for the American people.

Energy

Mees

JUNE 27, 2025

Relations between the two countries have been strained since 2019, when the Tripoli government signed a controversial maritime border agreement with regional ally Turkey, shifting the borders of their continental shelves to connect their offshore waters at the expense of Greek and Egyptian claims ( MEES, 22 May 2020 ). All rights reserved.

Transportation

Permian Basin Oil and Gas Magazine

JULY 1, 2025

Crude oil drivers for Sunoco Logistics Partners (also known as Energy Transfer ) have successfully forced United Steelworkers (USW) union bosses out of their work unit, according to a statement issued on May 20 by the The National Right to Work Legal Defense Foundation.

Drivers