Nuclear Waste Storage Site in Texas Draws Supreme Court Review

5 October 2024, 12:00pm
The above-ground site outside the town of Andrews in the Permian Basin oil field would be the first of its kind.
Read more... (source: www.rigzone.com)

Iranian Oil Tankers Have Fled Critical Anchorage Site This Week

4 October 2024, 8:00pm
Oil tankers waiting nearby Iran's biggest crude-loading facility fled the area in the days since Tehran launched a missile salvo toward Israel.
Read more... (source: www.rigzone.com)

Biden Comments Temper Oil Rally After Week of Surging Prices

4 October 2024, 7:40pm
Oil prices pared gains after President Biden advised Israel against attacking Iran's oil fields, though the market remained tense amid fears of potential disruptions to Middle East oil supplies.
Read more... (source: www.rigzone.com)

Energy Companies Beginning to Find More Ways to Use AI

4 October 2024, 3:30pm
Energy companies are beginning to find more ways to use artificial intelligence, according to a new report from Morningstar DBRS.
Read more... (source: www.rigzone.com)

Distillate fuel oil demand will increase in the fall because of the agricultural harvest

4 October 2024, 1:30pm
We expect distillate fuel oil consumption to increase in the fall as diesel-powered agricultural equipment is used to harvest and transport crops. The harvest tends to peak in mid-October and continue through November, when the start of the winter home heating season also supports distillate fuel oil demand. With early indications that the 2024 harvest will likely be on schedule or slightly ahead of schedule, we expect distillate demand to generally follow the five-year average in 2024.
Read more... (source: www.eia.gov)

Israel Bombs Beirut Targets as Iran Calls on Arab World to Unite

4 October 2024, 12:33pm
Iran's leader called on the Arab world to unite amid the escalating conflict.
Read more... (source: www.rigzone.com)

Oil, Gas Execs Predict Henry Hub Natural Gas Price

4 October 2024, 12:21pm
Executives from oil and gas firms have revealed where they expect the Henry Hub natural gas price to be at various points in the future as part of the latest Dallas Fed Energy Survey.
Read more... (source: www.rigzone.com)

SM Energy, NOG Close Acquisition of Uinta Basin Assets

4 October 2024, 11:18am
The transaction includes the exercise of its option to acquire certain additional assets adjacent to XCL Resources' position.
Read more... (source: www.rigzone.com)

Woodside Confirms Worker Death at Newly Acquired Ammonia Project in Texas

4 October 2024, 10:52am
'A full investigation will be initiated and a stand down of all work is currently in place'.
Read more... (source: www.rigzone.com)

Australian Energy Firm Exits Major Hydrogen Project

4 October 2024, 10:49am
'It has become clear that the hydrogen market is developing more slowly than anticipated, and there remain risks and both input cost and technology advancements to overcome'.
Read more... (source: www.rigzone.com)

Ed Morse Talks to Rigzone About Middle East Situation

4 October 2024, 10:36am
The Middle East 'is closer to a war involving the U.S. than has been the case for some three decades', Ed Morse warned.
Read more... (source: www.rigzone.com)

Enbridge to Build Pipelines for BP's Kaskida in GOM

4 October 2024, 10:14am
'The Canyon Oil and Gas pipelines offer an attractive opportunity for Enbridge to serve customers in the Gulf of Mexico and further expand our U.S. Gulf Coast footprint'.
Read more... (source: www.rigzone.com)

Santos Bags LNG Supply Contract with TotalEnergies

4 October 2024, 9:46am
'There continues to be extremely strong demand in Asia for high heating value LNG from projects such as Barossa and PNG LNG as countries focus on reducing their carbon emissions'.
Read more... (source: www.rigzone.com)

Aramco Confirms $3 Billion Islamic Bond Issuance

4 October 2024, 9:44am
This is Aramco's second bond sale this year, having raised $6 billion last July.
Read more... (source: www.rigzone.com)

Eni Completes Combination of UK Upstream Assets with Ithaca Energy

4 October 2024, 7:59am
The enlarged Ithaca Energy is now the biggest resource holder on the UK continental shelf according to Eni.
Read more... (source: www.rigzone.com)

US, Brazil Extend Energy Transition Collaboration

4 October 2024, 6:30am
The U.S. and Brazil have renewed their commitment to advancing a just and inclusive energy transition through new joint initiatives.
Read more... (source: www.rigzone.com)

Ecopetrol Bares Gas Discovery That Could Meet 80 Pct of Colombia's Demand

4 October 2024, 6:30am
Ecopetrol discovered an offshore gas deposit that could potentially produce up to 800 million cubic feet a day.
Read more... (source: www.rigzone.com)

Oil Skyrockets as Markets Brace for Potential Israeli Strikes on Iran

3 October 2024, 8:05pm
Oil prices surged as markets reacted to the possibility of Israel targeting Iran's oil infrastructure, raising concerns about global supply disruptions amid rising Middle East tensions.
Read more... (source: www.rigzone.com)

Ovintiv Agrees $16 Million Pollution Settlement with US Regulators

3 October 2024, 5:30pm
The authorities asked for remediation measures and a civil penalty from Ovintiv in a settlement agreement resolving alleged Clean Air Act breaches by the company.
Read more... (source: www.rigzone.com)

Welligence Offers Global Exploration Roundup for 2024

3 October 2024, 3:23pm
In a recent interview with Rigzone, David Moseley, the Head of Europe Research at Welligence, provided a global exploration roundup for 2024 from the company's regional teams.
Read more... (source: www.rigzone.com)

Oil Soars on Biden Remarks

3 October 2024, 3:02pm
The oil market has been transfixed by the latest crisis in the Middle East.
Read more... (source: www.rigzone.com)

Data centers and cryptocurrency mining in Texas drive strong power demand growth

3 October 2024, 12:00pm
In the United States, electricity consumption is growing fastest in Texas, where the Electric Reliability Council of Texas (ERCOT) manages 90% of the load on the state’s power grid. One of the main sources of growing demand for power is large-scale computing facilities such as data centers and cryptocurrency mining operations, although their future demands are uncertain. In our latest Short-Term Energy Outlook (STEO), we expect electricity demand from customers identified by ERCOT as large flexible load (LFL) will total 54 billion kilowatthours (kWh) in 2025, up almost 60% from expected demand in 2024. This expected demand from LFL customers would represent about 10% of total forecast electricity consumption on the ERCOT grid next year.
Read more... (source: www.eia.gov)

Utility-scale U.S. solar electricity generation continues to grow in 2024

2 October 2024, 12:00pm
In August 2024, utility-scale generation of solar electricity averaged 63.1 gigawatthours between 10:00 a.m. and 6:00 p.m. each day in the Lower 48 states, 36% more than for the same hours in August 2023. Additions of solar generating capacity outpaced other resources in the U.S. electric power sector in 2023, and we expect this trend to continue through the end of 2024.
Read more... (source: www.eia.gov)

Data center owners turn to nuclear as potential electricity source

1 October 2024, 12:00pm
Last month, Constellation Energy announced a 20-year power purchase agreement (PPA) to provide electricity to Microsoft data centers in the mid-Atlantic region from the Unit 1 reactor at the Three Mile Island nuclear power plant in Pennsylvania.
Read more... (source: www.eia.gov)

China extracts commercially viable natural gas from deeper shale formations

30 September 2024, 12:00pm
China is a major natural gas importer by pipeline and the world's largest importer of liquefied natural gas (LNG). In the last 10 years, the Chinese government has actively supported the development of unconventional natural gas resources to reduce import dependence and enhance energy security.
Read more... (source: www.eia.gov)