Economics/Statistics
News
October 24, 2024
(WO) — U.S. natural gas production from shale and tight formations decreased slightly in the first nine months of 2024 compared with the same period in 2023, according the U.S. Energy Information Administration (EIA).
News
October 24, 2024
(WO) — Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., as deepwater drilling work is once again on the rise thanks to steady oil prices and slower production growth from U.S. shale fields.
News
October 21, 2024
(WO) – Oman’s state energy company OQ SAOC is set to kick off the initial public offering of its methanol and liquefied petroleum gas (LPG) unit as soon as the end of this month.
News
October 17, 2024
In response to rising tensions in the Middle East, Rystad Energy is sharing analysis from its local team on the potential implications for the region‘s upstream sector and the global oil and gas market.
News
October 17, 2024
Oman’s state energy company raised $2 billion from the initial public offering of its exploration and production business, marking the sultanate’s biggest listing on record.
News
October 11, 2024
The U.S. broadened the scope of its sanctions on Iran’s oil and gas sectors in response to a ballistic-missile attack on Israel, ramping up economic pressure on Tehran.
News
October 10, 2024
Iraq’s semi-autonomous region of Kurdistan has cut its oil production by half upon request from Baghdad, as the second-largest producer in OPEC tries to meet its output quota.
News
October 10, 2024
Gulf Marine Services is pleased to announce the award of a new long-term contract in Europe and the extension of two existing contracts in the Middle East, bringing the backlog total to $505 million.
News
October 09, 2024
Jindal Power Ltd. is walking away from a venture that would have operated an oil-processing facility for Venezuela’s state-controlled crude producer, according to people familiar with the matter.
News
October 08, 2024
The U.S. expects crude production to grow by just 320,000 bpd next year, much slower than previously estimated.
News
October 08, 2024
Equinor has acquired a 9.8% minority stake in Ørsted—a transaction which establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the company.
News
October 08, 2024
Russia’s crude shipments rose to the highest in three months, with more oil available for export after the country’s refineries embarked on seasonal maintenance.
News
October 07, 2024
Tourmaline Oil Corp. announced that it has closed the acquisition of Crew Energy Inc. and has entered an agreement to sell a gross overriding royalty interest to Topaz Energy Corp.
News
October 07, 2024
Saudi Arabia is preparing to make a multibillion-dollar bet on hydrogen and will launch a new company to produce the much hyped low-carbon fuel, according to people familiar with the matter.
News
October 07, 2024
Chevron Corp. agreed to sell stakes in oil sands and shale assets in Western Canada to Canadian Natural Resources Ltd. for $6.5 billion.
News
October 04, 2024
Russia’s own data show its crude production in September fell just below its monthly target under the OPEC+ deal, according to people familiar with figures from the country’s Energy Ministry.
News
October 04, 2024
Saja Energy has been named the official distributor of Neo Oiltools' neotork Vibration Management Tool in Saudi Arabia. This announcement follows Neo Oiltools’ recognition of Saja Energy, a Saudi Arabia-based provider of energy sector products and services.
News
October 03, 2024
Viper Energy Inc., a subsidiary of Diamondback Energy Inc., has announced that it completed the previously announced acquisition of certain mineral and royalty interest-owning subsidiaries of Tumbleweed Royalty IV LLC.
News
October 03, 2024
TÜV Rheinland has acquired Safetec Nordic AS, a leading Norwegian risk management consulting firm, to enhance its global risk, safety, and integrity management services.
News
October 02, 2024
Abu Dhabi National Oil Co. offered nearly $13 billion to buy Germany’s Covestro AG in what’s set to be the largest Middle Eastern acquisition of a European firm.
News
October 02, 2024
OPEC+ made no changes to plans to start gradually reviving oil production towards the end of the year, despite signs of an impending surplus.
