3+ day, 22+ hour ago   (1031+ words) “The milestone many hoped to avoid has arrived,” Patrick De Haan, Head of Petroleum Analysis at GasBuddy, said in the blog. “The national average price of gasoline on Labor Day set a new record for the holiday, eclipsing the previous…...

3+ day, 23+ hour ago   (536+ words) Iran and the US are digging in for a protracted war, with little sign of a near-term ceasefire or return to normal Middle East energy flows even if hostilities remain at a low intensity. Tehran’s leaders are resolved to keep…...

3+ day, 23+ hour ago   (562+ words) McDermott International Ltd said Wednesday it had received a "substantial" contract from Eni SpA for Cyprus' first hydrocarbon development. "Under the contract, McDermott will provide project management, engineering, procurement and installation support for the development of the Cronos gas field…...

5+ day, 23+ hour ago   (459+ words) Saudi Arabia halted several energy facilities in the south, as the Iran-backed Houthi militants claimed fresh strikes on the kingdom. The Yemen-based Houthis said they targeted Saudi Aramco’s facilities in Abha, Najran and Jazan with ballistic missiles and drones, the…...

1+ week, 1+ hour ago   (685+ words) The U.S.-Venezuela oil deal is a long-term project, not a near-term U.S. Strategic Petroleum Reserve (SPR) filler, Emily Ashford, Standard Chartered Bank’s Head of Energy Research, said in a report sent to Rigzone recently. In the report, Ashford highlighted that the…...

1+ week, 3+ hour ago   (532+ words) The statement, which highlighted that the seven OPEC+ countries met virtually on Sunday “to review market conditions and outlook”, outlined that the OPEC+ 7 “reaffirm[ed] [their] commitment to market stability” in the meeting. “The seven OPEC+ countries, which previously announced…...

1+ week, 4+ hour ago   (153+ words) Rigzone Iran said a deal with Oman to manage shipping through the Strait of Hormuz is days away The agreement, which the two countries have been negotiating for weeks, is in the final stages and will include details on a…...

1+ week, 5+ day ago   (1022+ words) The recently announced U.S.-Venezuela oil deal is a “major opportunity”, but the latter’s oil sector has “a long road to recovery”. That’s what Rystad Energy outlined in a market update sent to Rigzone late Monday, which highlighted that the new…...

1+ week, 5+ day ago   (705+ words) The conflict between the US and Iran escalated sharply, with American forces carrying out a fresh wave of strikes and Iran saying it had retaliated. Meanwhile President Donald Trump downplayed the chances of a deal, writing in a post on…...

1+ week, 6+ day ago   (601+ words) What is the oil and gas impact of the Gulf’s Tropical Storm Edouard? Well, according to Earth Science Associates’ (ESA) GOMsmart platform, the answer to that question is - minimal. At the time of writing, ESA’s GOMsmart platform projected mean production…...