Tag Archives: Rigzone

Despite pervasive narratives around a supposed lack of shale supply response, monthly U.S Energy Information Administration (EIA) data shows U.S. oil production reaching a record 13.1 million barrels per day in August. That’s what strategists at Macquarie stated in a report sent to Rigzone on Wednesday, adding that they believe …

Chevron Corp. has pledged to look into potential carbon capture and biofuel operations in Angola through a pact involving its lower carbon division in the USA and the government in Luanda. “Chevron and the Angola Government plan to evaluate various projects related to nature-based and technological carbon offsets, lower-carbon intensity …

QatarEnergy signed a 27-year deal with Eni SPA to supply up to one million tons per annum (MMtpa) of Qatari liquefied natural gas (LNG) to Italy. The signing in Doha follows separate LNG contracts scored by state-owned QatarEnergy from two other European energy heavyweights in France’s TotalEnergies SE and Britain’s …

Three years ago, oil prices dipped below zero and Scott Sheffield’s company — like so many other producers — was in trouble. The long-time oil man had built Pioneer Natural Resources Co. from a family-run domestic driller into one of the largest acreage holders in the Permian Basin, a massive …

Affiliates of QatarEnergy and TotalEnergies SE have signed two long-term liquefied natural gas (LNG) sale and purchase agreements for the supply of up to 3.5 million tons per annum (mtpa) of LNG from Qatar to France. Under the agreements, LNG will be delivered ex-ship to the Fos Cavaou LNG receiving …

Saudi Arabia said it’s interested in studying technology for small modular nuclear reactors, as the Middle East’s largest oil producer looks to diversify its energy sources and generate cleaner power for domestic use and export. The kingdom is “a late-comer” to nuclear power and aims to study all types and …

The European Union’s energy imports slipped for the second quarter in a row compared to the previous year, a reversal of a trend of significant increases in energy imports between 2021 and 2022, the European Commission said Monday. In the second quarter of 2023, compared with the same quarter of …

Lukoil PJSC’s trading unit Litasco SA is launching a Mexico operation as the oil giant seeks new markets for Russian products under widespread sanction. Litasco hired oil products trader Yuri Carreno for its new office in Mexico City, according to people with knowledge of the situation. Carreno, who previously spent …

Turkey is attempting to broker a deal between the central Iraqi government and the semi-autonomous Kurdish administration over how to resume Iraqi crude-oil exports via its territory, according to Turkish officials. Turkey halted flows through a twin-pipeline in March after an arbitration court ordered it to pay about $1.5 billion …

The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that has done little to impede the provision of western services for the trade. The number of ships calling at the nation’s ports that are either western owned or insured has fallen slightly …