USA Needs More Electricity to Win AI Race, Says Trump Energy Czar

18 January 2025, 12:00pm
'Without baseload, we're going to lose the AI arms race to China'.
Read more... (source: www.rigzone.com)

Oil Notches Fourth Weekly Advance as Sanctions Threaten Supplies

17 January 2025, 9:03pm
Oil notched its fourth straight weekly gain, the longest run since July.
Read more... (source: www.rigzone.com)

Biden Makes Last-Minute Bid to Thwart Arctic Oil Drilling

17 January 2025, 7:00pm
The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska's National Petroleum Reserve.
Read more... (source: www.rigzone.com)

USA EIA Reveals Latest WTI Oil Price Forecasts

17 January 2025, 3:59pm
The U.S. Energy Information Administration revealed its latest West Texas Intermediate spot price forecasts in its January short term energy outlook.
Read more... (source: www.rigzone.com)

Japan Watching for Any Impact on LNG From New Russia Sanctions

17 January 2025, 3:31pm
Tokyo will closely monitor the rollout of new U.S. sanctions on Moscow for any impact on shipments of liquefied natural gas from Russia's Far East.
Read more... (source: www.rigzone.com)

Westinghouse, KEPCO Settle Dispute over Nuclear Tech Rights

17 January 2025, 3:30pm
'As the world demands more firm baseload power, we look forward to opportunities for cooperation to deploy nuclear power at even greater scale'.
Read more... (source: www.rigzone.com)

A look back at our forecast for global crude oil prices in 2024

17 January 2025, 1:00pm
Benchmark Brent crude oil prices averaged $81 per barrel (b) in 2024, in line with the $82/b for the year that we had forecast in our January 2024 Short-Term Energy Outlook (STEO) and more in-depth analysis. In the January 2024 STEO, we forecast that markets would be relatively balanced in 2024, changing little from the 2023 average Brent price of $82/b. On an annual basis, our forecast for balanced markets was relatively accurate, as global inventories showed only a slight drawdown of 0.18 million barrels per day in 2024.
Read more... (source: www.eia.gov)

BP Confirms Job Cuts

17 January 2025, 12:42pm
BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday.
Read more... (source: www.rigzone.com)

PakEnergy Acquires Well Management Software Firm

17 January 2025, 12:00pm
'The Petrosight system addresses the critical need for timely well data and perfectly complements our land management, field data capture, and accounting systems'.
Read more... (source: www.rigzone.com)

Union Says More Than Half of MSPs Support North Sea Oil, Gas Campaign

17 January 2025, 11:24am
Unite announced that more than half of the members of Scottish parliament have backed its North Sea oil and gas No Ban Without a Plan campaign.
Read more... (source: www.rigzone.com)

Chevron, Brightmark Start Production at 10 RNG Plants in US Midwest

17 January 2025, 10:42am
The Chevron-Brightmark joint venture is now one of the leading dairy RNG producers in the U.S.
Read more... (source: www.rigzone.com)

Chevron Names Laura Lane as New VP

17 January 2025, 9:12am
Laura Lane will take over from Al Williams, who will retire in April.
Read more... (source: www.rigzone.com)

Singapore, US Agree Civil Nuclear Cooperation

17 January 2025, 7:27am
The pact provides for 'a mutually aligned approach to non-proliferation on civil nuclear issues and for engagement between experts from government, industry, national laboratories and academic institutions'.
Read more... (source: www.rigzone.com)

ADNOC Pilots Levidian Tech That Produces Graphene, Hydrogen from Methane

17 January 2025, 6:54am
ADNOC Gas installed Levidian's patented technology that generates hydrogen and graphene from methane at the Habshan gas processing plant complex in Abu Dhabi.
Read more... (source: www.rigzone.com)

Gas, Coal Production in China at Record High Last Year

17 January 2025, 6:30am
Gas surged 6.2 percent to 246 billion cubic meters.
Read more... (source: www.rigzone.com)

ASCO Bags 5-Year Contract from Aker BP for Logistics Services

17 January 2025, 2:18am
The contract encompasses services including warehouse management, load carriers, waste services, and personnel leasing for logistics.
Read more... (source: www.rigzone.com)

Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze

16 January 2025, 9:00pm
There are two main approaches under consideration by the Trump team.
Read more... (source: www.rigzone.com)

WTI Corrects After Five-Month Highs

16 January 2025, 8:30pm
Oil prices retreated from recent highs as markets adjusted to Russian sanctions, mixed signals from President-elect Trump, and shifting demand dynamics.
Read more... (source: www.rigzone.com)

Extreme Cold From NY to Texas Threatens to Topple Records

16 January 2025, 5:07pm
A blast of extreme cold is poised to descend on the central U.S. this weekend before spreading to New York and the rest of the East Coast.
Read more... (source: www.rigzone.com)

USA Crude Oil Stocks Drop 2MM Barrels WoW

16 January 2025, 4:41pm
Crude oil stocks, excluding the SPR, stood at 412.7 million barrels on January 10, the EIA revealed.
Read more... (source: www.rigzone.com)

TXO Identifies Potential 3 Tcfe of Gas in San Juan Basin

16 January 2025, 2:59pm
'On an oil equivalent basis, we believe this could represent as much as five times our current total reserve base.'
Read more... (source: www.rigzone.com)

U.S. wholesale electricity prices were lower and less volatile in 2024

16 January 2025, 1:00pm
Average wholesale electricity prices at major trading hubs in the Lower 48 states were lower in 2024 than in 2023. In addition, prices were much less volatile than they have been over the last few years. Lower and more stable electricity prices in 2024 were mostly driven by low natural gas prices, as well as increases in generation for some lower cost renewable energy sources and new battery storage capacity.
Read more... (source: www.eia.gov)

EIA extends five key energy forecasts through December 2026

15 January 2025, 1:00pm
In our January 2024 Short-Term Energy Outlook, which includes data and forecasts through December 2026, we forecast five key energy trends that we expect will help shape markets over the next two years.
Read more... (source: www.eia.gov)

Natural gas vehicle fuel prices rose in 2022 and 2023 after a decade of relative stability

14 January 2025, 1:00pm
After a decade of nearly flat prices from 2011 to 2021, inflation-adjusted fuel prices for natural gas vehicles increased in 37 states from 2021 to 2023, according to new estimates in our State Energy Data System (SEDS). Real U.S. natural gas prices for vehicle fuel remained 25% below their peak in 2008.
Read more... (source: www.eia.gov)

The eighth U.S. liquefied natural gas export terminal, Plaquemines LNG, ships first cargo

13 January 2025, 1:00pm
On December 26, 2024, Plaquemines LNG—the eighth liquefied natural gas (LNG) export terminal in the United States—shipped its first cargo after achieving first LNG production in mid-December. Plaquemines LNG is one of two U.S. LNG export terminals that started LNG production in 2024. Corpus Christi Stage 3 (an expansion of the existing Corpus Christi LNG export terminal) also began LNG production in December 2024.
Read more... (source: www.eia.gov)