This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The East African country has oil and gas resources, but development has stalled after UK-listed Tullow Oil failed to secure investor partners for a major oil project that has been years in the making. Tullow Oil and its minority partners sought to develop the South Lokichar project…
(World Oil) – Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said. The increase in supply will accelerate to 7%, or 40 billion cubic meters a year in 2026, following a 5.5%
Kathy Hochul, a leftist Democrat, floated a plan to ban natural gas hookups in every single new home and business across the “Empire” State (see NY Gov. Hochul Loses Her Mind – Wants to Ban Gas in New Buildings). She even wanted to ban gas in existing homes, but. In January 2023, New York Gov.
Earlier this week, Shell warned its second-quarter earnings would be weaker due to lower trade in gas and oil derivatives. Now, Exxon has joined its peer in the warning series, saying weaker oil and gas prices during the second quarter would affect its financial results, and rather substantially, at that.
The UK government is mulling over a change to the law to oil and gas projects in the North Sea in a drive to lower energy bills. The government has given extra funds for the Department for Energy Security and Net Zero to invest between 2026…
natural gas output and demand will both rise to record highs in 2025 before sliding in 2026, the U.S. EIA projected dry gas production will rise from 103.2 Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. billion cubic feet per day (bcfd) in 2024 to 105.9
The east coast of Australia is facing natural gas shortages earlier than previously expected, the country’s competition watchdog has warned, noting the market could swing into a deficit as early as the fourth quarter of this year.
(Investing) – Citi analysts said Wednesday that oil prices may continue to benefit from elevated geopolitical risk premiums in the near term, but they warned that oversupply risks in 2026 could limit further upside.
This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. TIPRO’s new workforce data indicated strong job postings for the Texas oil and natural gas industry, although May data showed a decline in overall unique postings compared to the previous month.
natural gas storage is on track to end the April-October summer injection season at a three-year low of 3.797 trillion cubic feet (tcf) on October 31, 2025, according to analysts’ estimates. (BOE Report) – U.S.
million bpd and remain flat in 2026, according to the Energy Information Administration’s Short-Term Energy Outlook released Tuesday. EIA expects significant global oil inventory builds will put consistent downward pressure on oil prices in the longer term, with Brent prices averaging $58 a barrel in 2026. (World Oil) – The U.S.
Image by Natalya Bosyak via iStock In an EBW Analytics Group report sent to Rigzone by the EBW team today, Eli Rubin, an energy analyst at the company, offered an explanation for the August natural gas contract price drop on Monday, which the report highlighted came in at 6.7 “The August contract dropped 24.0 cent, or 0.6
billion to power generators in the period between June 2026 and May 2027—the 12 months covered by the latest capacity auction. Now, data center operators are in a rush to secure long-term electricity supply, notably from nuclear and gas-fired generators in addition to their commitments to buy wind and solar. per megawatt-day.
The Kurdistan Regional Government (KRG) has said that its Runaki (Light) project is making significant progress toward delivering 24-hour electricity to the entire Kurdistan Region by the end of 2026. Upon full implementation by 2026, the project will eliminate 1.4 million tonnes of carbon dioxide emissions.
Image by Vadym Plysiuk via iStock In an EBW Analytics Group report sent to Rigzone by the EBW team on Friday, Eli Rubin, an energy analyst at the company, highlighted an “implosion over the past week” in the July natural gas contract. “The July natural gas contract rolled off the board at $3.261 yesterday - a 72.8¢
Brent Crude $68.75 -0.77% Natural Gas $3.32 -6.98% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA EIA Reveals Latest USA Crude Oil Production Forecast by Andreas Exarheas | Rigzone Staff | Monday, July 21, 2025 | 8:27 AM EST The U.S. million barrels per day across 2025 and 2026. million barrels per day of the total 2026 figure.
Equinor’s Troll C platform, located 10-30 km from the Fram Sor development The project work scope covers engineering, procurement, construction and installation (EPCI) of subsea structures and flowlines including 53 km of production, gas lift and water injection lines. The scope also includes installation of the umbilical system.
Image by Cylonphoto via iStock The European Commission has proposed legislation to stop the importation of natural gas, oil and oil products from Russia into the European Union by 2027, betting on global liquefied natural gas (LNG) and increased regional infrastructure interconnectivity.
Fracturing services for conventional and tight reservoirs are used to enhance the flow of oil or gas through existing natural pathways and optimize production by improving flow rates. The economic and financial impact of this contract further reaffirms the 2025 guidance and the 2026 revenue guidance.
El proyecto de energía eólica estará ubicado frente a la costa de Suffolk , en el Reino Unido , y será uno de los dos mayores parques eólicos marinos del mundo cuando entre en operación en el cuarto trimestre de 2026 , generando 2,300 puestos de trabajo durante su construcción. millones de hogares.
(Oil & Gas 360) – Publisher’s Note: Mach Natural Resources will present at EneCom Denver – The Energy Investment Conference at the Westin Downtown , August 17-20, 2025. First quarter 2025 average production was approximately 11 Mboe/d, of which 98% was liquids, 2% was natural gas. Register to attend.
Developers are eyeing nuclear energy, natural gas with CCS, and recently, geothermal. Together with advancements in drilling techniques and skyrocketing costs for new gas builds , this gives geothermal a competitive edge over technologies like nuclear and gas with CCS in powering the next wave of data centers.
million b/d in both 2025 and 2026.” production this year from previous forecast appeared first on Permian Basin Oil and Gas Magazine. On an annual basis, we now forecast crude oil production will average 13.37 production of crude oil was 11.99 million b/d in 2022, 12.93 million b/d in 2023 and 13.21 million b/d in 2024.
million bpd in 2026, compared with 1.77 The US Energy Information Administration has forecast crude oil production in the Federal Offshore Gulf of America [Gulf of Mexico] (henceforth GoA) will average 1.80 million bpd in 2025 and 1.81 million bpd in 2024, in its most recent Short-Term Energy Outlook (STEO).
Palo Duro will be a 275-mile, high-pressure natural gas pipeline connecting downstream pipelines while providing takeaway from the Permian Basin. The post Producers Midstream targets 2026 for Palo Duro pipeline from Nolan County appeared first on Permian Basin Oil and Gas Magazine. Federal Energy Regulatory Commission.
Upstream natural gas spending is set to maintain the levels seen in 2024. Upstream natural gas spending is set to maintain the levels seen in 2024. Together, upstream oil and gas investment for 2025 is forecast at less than US$570bn, a decline of around 4%. trillion going to oil, natural gas and coal. Around US$2.2
Natural Gas $3.63 -0.14% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS ADNOC's XRG Targets 20-25 MMtpa Gas Portfolio by 2035 by Jov Onsat | Rigzone Staff | Tuesday, June 10, 2025 | 4:15 AM EST XRG set a goal of building a top-five integrated gas and LNG business with a capacity of 20-25 MMtpa by 2035.
Image by Emiliano Ortiz via iStock Italy’s Eni SpA and Argentina’s YPF SA have signed an agreement to build a liquefaction facility to enable the export of natural gas from the Vaca Muerta field in the South American country. The capacity is planned to grow to up to 30 million tons per annum (MMtpa) by 2030.
announced a definitive agreement to acquire substantially all of Plains All American Pipeline’s Canadian natural gas liquids (NGL) business, along with select U.S. Keyera Corp. assets, for a total cash consideration of C$5.15 billion (US$3.76 logistics components. About Keyera Corp. Keyera Corp.
July 21, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Read more US drillers add oil/gas rigs for first time in 12 weeks, Baker Hughes says Summary : For the first time in 12 weeks, the U.S. million bpd and a 68% gas price hike will boost gas output to 105.9
The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators. Gas Forecast One of the most significant adjustments in the June forecast was a 700 MMcf/d reduction in the EIA’s 2026 U.S.
per gallon in 2026. per gallon in the first quarter of 2026, $3.17 per gallon in 2026. MORE FROM THIS AUTHOR Andreas Exarheas Editor | Rigzone OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! Energy Information Administration showed an increasing price trend for U.S. regular gasoline. will average $3.09 will average $3.16
Brent Crude $69.28 -0.35% Natural Gas $3.57 +0.65% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS USA EIA Reveals Latest USA Diesel Price Forecast by Andreas Exarheas | Rigzone Staff | Friday, July 18, 2025 | 8:59 AM EST In its July short term energy outlook, the U.S. per gallon in 2026. per gallon in the fourth quarter of 2026.
“If the outcomes of the work considered by the MOU are successful, it would enable post-combustion carbon capture to be offered as a standard offering on future FPSO projects” The MOU targets to achieve a successful pilot plant installation on an FPSO facility in 2026. There’s a reason 700K+ energy professionals have subscribed.
Image by BrianAJackson via iStock Petronas, Malaysia’s state-owned oil and gas company, will cut about 10% of its workforce in a firm-wide restructuring as it looks to reduce costs due to falling crude prices. Petronas will also freeze hiring until December 2026, he said. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
gigawatt (GW) Bruce Mansfield Power Plant will be redeveloped from a coal-fired station into a natural gas-fired station, the Frontier Group of Companies (FGC) said Tuesday. FGC intends to award the gas supply contract to EQT Corp. National Fuel Gas Co. Image by Rangsarit Chaiyakun via iStock The decommissioned 2.7-gigawatt
oilfield services sector through technology, disciplined capital allocation, and a sharp eye on future natural gas demand. Oil & Gas Drilling Engineer Directory – $25 Buy List Now Includes: Account, Contact Name, Email, Location…. Stable Gas, Cautious Oil Rig activity mirrored broader market caution. The average U.S.
Houston-based Northwind Midstream Partners said recently it received approval from New Mexico Oil Conservation Commission for an additional acid gas injection (AGI) and carbon sequestration well at its Titan treating complex in Lea County, N.M. Northwind said it will further expand total treating capacity to 400 million cfd by 2026.
The 2026-45 Integrated Resource Plan (IRP) would add about 2.15 The plan also eyes 885 MW of battery energy storage capacity, 611 MW of gas power via coal conversions, 550 MW from natural gas, 344 MW of energy efficiency and 20 MW of incremental demand response. Image by bombermoon via iStock Idaho Power Co.
Planning for Oseberg East is now underway, and the execution is scheduled to begin in 2026. Baker Hughes’ differentiating well abandonment portfolio include technologies such as PRIME Powered Mechanical Applications, CICM (Casing Integrity & Cement Mapping), MASTODON casing retrieval system, and the Xtreme SJI mechanical slotting tool.
Total industry GVA encompasses the following sectors: mining and quarrying, manufacturing, electricity, gas, steam, and air conditioning supply, as well as water supply, sewerage, waste management, and remediation activities. 10 âCO 2 storage projects in Europe,â International Association of Oil and Gas Producers, March 2024.
miles (53 kilometers) of production, gas lift and water injection lines, as well as the installation of the umbilical system, Subsea7 said in a news release. Engineering and project management will begin immediately in Subsea7 offices in Norway and the United Kingdom, with offshore installation activities expected in 2026 through 2028.
Algeria’s national oil and gas company Sonatrach SpA has the majority stake of 51 percent in accordance with Algerian law. Algeria contributed 154 million cubic feet a day of gas and 21,000 barrels per day of liquids to TotalEnergies’ 2024 production, according to the company’s annual report.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content