Phillips 66 Books $900MM in Hedging Losses as Prices Surge
'The sharp increase in commodity prices during the first quarter resulted in a net outflow of approximately $3 billion of cash collateral on derivative positions'.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Texas Upstream Employment Drops in January
Texas upstream employment declined at the start of the year, according to a statement sent to Rigzone by TIPRO recently.
Read MessageCheniere CEO Fusco to Assume Chairmanship as Botta Retires
Fusco will take over Botta while continuing to serve as president and chief executive after Botta's exit May 14, the date of Cheniere's yearly shareholder meeting.
Read MessageCheniere CEO Fusco to Assume Chairmanship as Botta Retires
Fusco will take over from Botta while continuing to serve as president and chief executive after Botta's exit May 14, the date of Cheniere's yearly shareholder meeting.
Read MessageAker BP Starts Production at Symra in Norwegian North Sea
Symra represents 'a step into a new part of the Eiga area and a new reservoir type on the Norwegian shelf'.
Read MessageOil Market Maintains Cautiously Bullish Bias
Overall, the oil market maintains a cautiously bullish bias, Naeem Aslam, CIO at Zaye Capital Markets, said.
Read Message'The thaw is real': Indian delegation visits China to talk EVs and more
As the Iran war disrupts energy flows, Indian firms make their first China trip in five years, seeking EV, battery and renewable tie-ups.
Read MessageADNOC Assures Customer Supply despite Habshan Pause
ADNOC Gas confirmed casualties including one fatality at its Habshan natural gas processing complex and said the affected area has been 'isolated'.
Read MessageIndia Back to Buying Venezuelan Crude
India is set to import the most oil from Venezuela in almost six years.
Read MessageOil prices rise as Trump reaffirms Tuesday deadline for bombarding Iran's power plants, bridges
Crude prices ticked higher after Trump repeated the Tuesday deadline for escalating attacks on Iran's power plants and bridges.
Read MessageIndia's Refiners Delay Maintenance
The delay by India's state-run refiners comes as the nation grapples with a supply crunch following the effective closure of the Strait of Hormuz.
Read MessageU.S. shale producers move to boost output as oil surges past $100
U.S. shale producers are expected to increase output as oil prices surge above $100 following disruption in the Strait of Hormuz, with operators turning to DUC wells first.
Read MessageTexas regulator marks 135 years overseeing oil and gas industry
The Texas Railroad Commission marks 135 years overseeing oil and gas activity, highlighting its role in regulating drilling, pipelines and energy development across the state.
Read MessageCrude Climbs On Escalation Fears
Oil prices rose as escalating US-Iran tensions raised fears of persistent supply disruptions through the Strait of Hormuz.
Read MessageNikkiso to supply pumps for Germany’s largest LNG import terminal
Nikkiso will supply pumps for Germany’s largest land-based LNG import terminal, supporting expanded gas import capacity as Europe strengthens energy supply infrastructure.
Read MessageHormuz Traffic Rises to Highest in Weeks
Traffic through the Strait of Hormuz has climbed to its highest levels since the early days of the war.
Read MessageArcius Energy takes FID on $500 million Harmattan gas field offshore Egypt
bp and ADNOC-backed Arcius Energy has sanctioned a $500 million offshore gas development in Egypt, advancing plans to boost supply from the Eastern Mediterranean.
Read MessageHormuz standoff forces Qatar LNG tankers to turn back
Qatar LNG tankers have diverted routes as transit through the Strait of Hormuz remains constrained, highlighting ongoing disruption to global energy flows.
Read MessageHalliburton, PETRONAS, Valaris team up on Suriname offshore development
Halliburton partners with PETRONAS and Valaris to support offshore development in Suriname, aligning drilling and subsurface planning early in the project lifecycle.
Read MessageTamboran Touts Stimulation Results for Another Beetaloo Well
The latest well to be stimulated in the Shenandoah South Pilot Project in the Beetaloo sub-basin onshore Australia's Northern Territory yielded a record average 20-day initial production flow rate of 10.3 million cubic feet a day, Tamboran said.
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