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Macquarie Strategists Expect Brent Oil Price to Grind Higher


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US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
South Korea and the U.S. launched a joint task force to prevent North Korea from accessing refined petroleum products.
7:57 AM EST | March 28, 2024
Macquarie Strategists Expect Brent Oil Price to Grind Higher
Macquarie strategists said they expect Brent 'to grind higher until $90, or until we reach June'.
7:55 AM EST | March 28, 2024
UK Oil Regulator Publishes New Emissions Reduction Plan
The NSTA said the plan 'places electrification and low carbon power at the heart of emissions reduction'.
5:07 AM EST | March 28, 2024
PetroChina Posts Higher Annual Profit on Higher Production
PetroChina reported $20.6 billion in net income for 2023, up 8.3 percent compared to 2022 as growth in both upstream and downstream output offset weaker oil prices.
4:00 AM EST | March 28, 2024
Japan Failing to Meet Corporate Demand for Clean Power: Amazon
'There are many, many companies looking for renewable power here in Japan'.
3:52 AM EST | March 28, 2024
McDermott Settles Reficar Dispute
McDermott said it has fully resolved the Reficar arbitration case and concluded interrelated Dutch and British legal processes.
3:00 AM EST | March 28, 2024
Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
Falcon Oil & Gas hit above commercial IP60 flow rate of 3.0 MMcfpd at the SS-1H well in EP117.
3:00 AM EST | March 28, 2024
Oil Falls as US Inventories Increase
Oil lost more of the ground it had gained early this week as US crude and gasoline inventories increased, undercutting expectations for tightening supplies.
3:39 PM EST | March 27, 2024
New China Climate Chief Says Fossil Fuels Must Keep a Role
'We will still keep our fair share of fossil fuels, but they must be used in a clean way'.
3:00 PM EST | March 27, 2024
DOE Offers $22MM to Streamline Permitting Process for RE Projects
The DOE has allotted up to $22 million to enhance planning, siting, and permitting for large−scale renewable energy projects.
1:30 PM EST | March 27, 2024
Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks Share your comments
Russian warships from the Pacific Fleet have crossed the Bab-el-Mandeb Strait and entered the Red Sea, the state-run Tass news agency said.
10:00 AM EST | March 28, 2024
Macquarie Strategists Expect Brent Oil Price to Grind Higher Share your comments
Macquarie strategists said they expect Brent 'to grind higher until $90, or until we reach June'.
7:55 AM EST | March 28, 2024
UK Oil Regulator Publishes New Emissions Reduction Plan Share your comments
The NSTA said the plan 'places electrification and low carbon power at the heart of emissions reduction'.
5:07 AM EST | March 28, 2024
Oil Falls as US Inventories Increase Share your comments
Oil lost more of the ground it had gained early this week as US crude and gasoline inventories increased, undercutting expectations for tightening supplies.
3:39 PM EST | March 27, 2024
Perenco Still Searching for Missing Person After Platform Incident Share your comments
'The search for the missing person is still actively underway'.
1:00 PM EST | March 27, 2024
New China Climate Chief Says Fossil Fuels Must Keep a Role Share your comments
'We will still keep our fair share of fossil fuels, but they must be used in a clean way'.
3:00 PM EST | March 27, 2024
Blockchain Demands Attention in Oil and Gas Share your comments
Blockchain is emerging as a technology that demands attention within the oil and gas sector, according to GlobalData.
5:56 AM EST | March 27, 2024
Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India Share your comments
The waters off Oman are emerging as a hot spot for ship-to-ship transfers of Russian oil heading to India, as the US steps up scrutiny of the flows.
3:08 AM EST | March 27, 2024
Oil Dips as Continued OPEC Cutbacks are Likely Share your comments
Oil settled little changed Tuesday, after swinging between gains and losses, with OPEC+ set to affirm its policy of production cuts amid tensions in the Middle East and Russia.
3:53 PM EST | March 26, 2024
Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road Share your comments
Higher gasoline prices jeopardize the fight against inflation that's dogged both President Joe Biden and Federal Reserve Chair Jerome Powell.
12:03 PM EST | March 26, 2024
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Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well Share your comments
Falcon Oil & Gas hit above commercial IP60 flow rate of 3.0 MMcfpd at the SS-1H well in EP117.
3:00 AM EST | March 28, 2024
Equinor Makes Discovery in North Sea Share your comments
The company's preliminary calculations indicate that the size of the discovery is between 134.2 million and 314.3 million cubic feet of oil equivalent.
4:00 AM EST | March 22, 2024
BMI Says Malaysia Upstream Poised for Further Growth Share your comments
Malaysia's upstream sector is poised for further growth in 2024, according to analysts at BMI, a Fitch Solutions company.
11:28 AM EST | March 21, 2024
Chinese Mega Company Makes Another Major Oilfield Discovery Share your comments
The company announced that it has made a 'major' oilfield discovery in the Bohai Sea.
11:17 AM EST | March 19, 2024
ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron Share your comments
ExxonMobil announced its first discovery in 2024 in Stabroek, solidifying the Guyana asset's position as a key area for the oil and gas giant as it disputes rival Chevron's bid to enter the block.
3:55 AM EST | March 18, 2024
Shearwater Bags Survey Contracts with Equinor, Spirit Energy Share your comments
The contracts are for the Mariner field in the UK North Sea, the Heidrun field in the Norwegian Sea, Norway, and the Morecambe Bay area.
4:00 AM EST | March 15, 2024
Harbour Confirms Gas Discovery in North Sea Share your comments
The overall gas volume was calculated between 35.3 million and 105.9 million cubic feet (1 million and 3 million standard cubic meters) of recoverable oil equivalent.
4:00 AM EST | March 14, 2024
Chinese Mega Company Makes Major Oilfield Discovery Share your comments
The discovery adds over a hundred million tons of oil equivalent proved in-place volume, according to the company.
11:24 AM EST | March 13, 2024
BMI Flags Indonesia's Exploration Success Share your comments
'The country's exploration success in offshore areas has bolstered our outlook for its natural gas reserves and production,' BMI analysts said.
11:47 AM EST | March 12, 2024
Bangladesh Offers 24 Offshore Blocks for Exploration Bidding Share your comments
The auction offers 15 deepwater blocks and nine shallow-sea blocks.
3:03 AM EST | March 12, 2024
Read More Exploration News
Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day Share your comments
'We recently updated our U.S. oil production expectations'.
8:24 AM EST | March 27, 2024
TotalEnergies Restarts Production in Denmark's Biggest Gas Field Share your comments
'At plateau, the Tyra hub will produce 5.7 million cubic meters of gas and 22,000 barrels of condensate per day'.
3:14 AM EST | March 25, 2024
Freeport LNG to Increase Output by 10Pct Following Repairs Share your comments
The three-train plant has been undergoing maintenance since late January following a deep freeze in Texas that caused an issue on one of its trains.
5:00 PM EST | March 20, 2024
EIA Boosts USA Crude Oil Production Forecasts Share your comments
The EIA increased its forecasts for U.S. crude oil production for both 2024 and 2025 in its latest short term energy outlook.
8:09 AM EST | March 19, 2024
HNRA Confirms Boost in Untapped Oil in Permian Basin Asset Share your comments
The Houston-based company said that there could potentially be 34 million barrels of oil that can be accessed in the Grayburg-Jackson Field.
11:00 AM EST | March 15, 2024
Gran Tierra On Track to Meet 2024 Production Guidance Share your comments
The company's drilling campaigns resulted in a six percent increase over fourth-quarter 2023 production.
8:00 AM EST | March 15, 2024
BW Energy Starts Production at Gabon Well 5 Months After Discovery Share your comments
Production performance from the well has been in line with BW Energy's expectations.
7:00 AM EST | March 13, 2024
Rystad Says OPEC+ Production Rose Month on Month Share your comments
According to Rystad Energy data and research, crude production in OPEC+ countries increased in February.
7:11 AM EST | March 12, 2024
YPF Says Fire Sale to Free Up $800MM for Shale Oil Push Share your comments
State-run YPF SA said its sweeping plan to divest aging oil fields will free up hundreds of millions of dollars to invest in its shale push in the heralded Vaca Muerta formation.
4:00 PM EST | March 08, 2024
Suncor, First Nation Partner for Potential Oil Sands Development Share your comments
Suncor aims to progress early stage technical and commercial feasibility assessments on a prospective oil sands lease development opportunity on Fort McKay reserve lands.
7:00 AM EST | March 08, 2024
Read More Production News
PetroChina Posts Higher Annual Profit on Higher Production Share your comments
PetroChina reported $20.6 billion in net income for 2023, up 8.3 percent compared to 2022 as growth in both upstream and downstream output offset weaker oil prices.
4:00 AM EST | March 28, 2024
McDermott Settles Reficar Dispute Share your comments
McDermott said it has fully resolved the Reficar arbitration case and concluded interrelated Dutch and British legal processes.
3:00 AM EST | March 28, 2024
US Govt Makes Record Investment of $6B for Industrial Decarbonization Share your comments
The DOE selected 20 states for the deployment of up to $6 billion in funding to reduce emissions from energy-intensive manufacturing industries.
8:25 AM EST | March 27, 2024
Czech Utility CEZ Bucks Weaker Prices, Demand to Log Record Annual Profit Share your comments
CEZ saw sustained production and gains from commodity trading offset lower electricity prices and lower domestic demand for electricity, as well as higher taxes.
5:51 AM EST | March 27, 2024
US DOE Earmarks $475MM for Five Clean Energy Projects in Mine Lands Share your comments
The projects encompass various clean energy technologies, including solar, microgrids, pumped storage hydropower, geothermal, and battery energy storage systems.
1:30 PM EST | March 26, 2024
Canacol Annual Net Income Slips as Production Capacity Dips Share your comments
Canacol's net income for 2023 stood at $86.2 million.
2:30 AM EST | March 26, 2024
Sinopec Posts 13 Percent Fall in Annual Profit on Weaker Oil Prices Share your comments
Sinopec's annual profits declined 13 percent, after oil prices fell and Chinese refiners posted a record year for processing and imports.
2:30 AM EST | March 25, 2024
EIB Agrees $109MM in Green Finance for Danish SMEs Share your comments
The EIB signed a deal with Ringkjobing Landbobank to finance Danish SMEs in their energy transition.
2:30 AM EST | March 25, 2024
UK Grid Operator Receives Aid to Advance Rural Decarbonization Share your comments
National Grid has been allotted about $503,300 in the latest round of the Ofgem's Strategic Innovation Fund.
7:39 AM EST | March 22, 2024
Savannah to Take Full Ownership of Stubb Creek Field in Nigeria Share your comments
Savannah will take over Sinopec International Petroleum Exploration and Production Company Nigeria, the British company's co-venturer in Stubb Creek.
4:01 AM EST | March 22, 2024
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Japan Failing to Meet Corporate Demand for Clean Power: Amazon Share your comments
'There are many, many companies looking for renewable power here in Japan'.
3:52 AM EST | March 28, 2024
Ithaca Energy Studies Deal for Eni's UK Upstream Assets Share your comments
North Sea oil and gas producer Ithaca Energy is in exclusive talks on a potential deal for Eni's UK upstream operations.
10:00 AM EST | March 27, 2024
Eni, Fincantieri, RINA Ink Deal on Maritime Decarbonization Share your comments
The Italian trio have joined forces to develop initiatives to aid energy transition in the maritime sector.
2:58 AM EST | March 27, 2024
Eliis and Chevron Enter Into Seismic AI Collaboration Deal Share your comments
Eliis SAS has entered into a collaboration agreement with Chevron Corporation.
1:08 PM EST | March 26, 2024
Pemex to Cut Emissions by 54 Pct in Next Six Years toward Net Zero by 2050 Share your comments
Pemex is promising to cut its greenhouse-gas emissions by 54 percent over the next six years, and is targeting net-zero emissions by 2050.
2:30 AM EST | March 26, 2024
Exxon Signs Ammonia Accord, Presses Case for Hydrogen Tax Credit Share your comments
Exxon pressed the case for hydrogen produced from natural gas to receive U.S. tax credits under the Inflation Reduction Act.
5:00 PM EST | March 25, 2024
Saipem Partners with Shipbuilder Fincantieri for Subsea Projects Share your comments
The collaboration involves the integration of surface vessels and submarines built by Fincantieri with Saipem's drone development program.
5:00 AM EST | March 21, 2024
Crescent Point to Change Name to Veren, Cites Improved Portfolio Share your comments
'Our new name and logo represent the culmination of our remarkable transformation over the last several years'.
4:53 AM EST | March 21, 2024
Wood Bags 5-Year Contract with Shell Trinidad and Tobago Share your comments
Under the agreement, Wood will support Shell's onshore and offshore assets in the country.
4:00 AM EST | March 21, 2024
GlobalData Flags Oil and Gas Industry Resilience in 2023 Share your comments
In a release sent to Rigzone recently, GlobalData outlined that the oil and gas industry exhibited 'resilience' last year.
12:15 PM EST | March 20, 2024
Read More Company Operations News
DOE Offers $22MM to Streamline Permitting Process for RE Projects Share your comments
The DOE has allotted up to $22 million to enhance planning, siting, and permitting for large−scale renewable energy projects.
1:30 PM EST | March 27, 2024
US Needs As Much As $250B to Reach 2050 Geothermal Potential: DOE Share your comments
The DOE estimates that the U.S. needs to invest $225–250 billion to reach a potential 90 GW of geothermal generation by 2050.
1:30 PM EST | March 25, 2024
US DOE Offers $44MM in Funding to Boost Clean Power Distribution Share your comments
The DOE set aside $44 million to improve the reliability of clean power distribution.
1:30 PM EST | March 22, 2024
DOI Announces Proposal for Second GOM Offshore Wind Auction Share your comments
The proposed lease sale includes four areas offshore Louisiana and Texas.
11:14 AM EST | March 22, 2024
EverWind, Eastward Ink MoU to Grow Green Hydrogen Market in Nova Scotia Share your comments
Eastward and EverWind agreed to explore potential ventures related to the storage, conveyance, and dissemination of green hydrogen.
2:36 AM EST | March 21, 2024
Two Million Acres Allotted for Offshore Wind Energy in Gulf of Maine Share your comments
The U.S. BOEM finalized a wind energy area in the Gulf of Maine covering about 2.0 million acres and offering a potential 32 GW of power.
1:00 PM EST | March 19, 2024
US DOE Plans $750MM in Grants to Advance Clean Hydrogen Solutions Share your comments
The DOE provisionally allotted $750 million for 52 projects across 24 states to advance electrolysis technologies and grow the domestic supply chain for clean hydrogen production.
1:30 PM EST | March 15, 2024
ACEN Partners with BrightNight for $1.2B of Philippine Renewable Projects Share your comments
The partnership plans to develop and construct 1.0 gigawatts alternating current (GWac) of renewable energy projects in the Philippines.
12:49 AM EST | March 14, 2024
Equinor Launches 531-MW Solar Plant in Brazil Share your comments
The Mendubim plant will produce 1.2 terawatt-hours (TWh) of power annually.
5:00 AM EST | March 12, 2024
Read More Alternative Energy News