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Pakistanโs oil and gas sector sees significant progress, Federal Minister for Finance Senator Muhammad Aurangzeb. #budget #2025-2026 10 June 2025 Federal Minister for Finance Senator Muhammad Aurangzeb on Tuesday said that over the past few years that they have made significant progress in Pakistanโs oil and gas sector through diversification and strategically targeted reforms.DronesDuring the...
ADNOC Drilling Company PJSC announced, in a release sent to Rigzone on Thursday, that it has signed an agreement to acquire a 70 percent stake in SLBโs land drilling rigs business in Kuwait and Oman. ADNOC outlined in the release that the business comprises โeight fully operational land rigs under contract with the respective national...
Patrick De Haan, the companyโs head of petroleum analysis, said, โas we move into the heart of summerโ, he believes โweโre likely to see a relatively stable stretch for gas prices as refinery maintenance wraps upโ. โDonโt expect the national average to rise above $3.30 per gallon, nor drop much below $3 for now,โ he...
U.S. energy consumption will grow this year, the U.S. Energy Information Administration (EIA) projected in its latest short term energy outlook (STEO), which was released on May 6. In that STEO, the EIA forecast that total U.S. energy consumption will come in at 95.42 quadrillion British thermal units in 2025. Total U.S. energy consumption was...
Matador Resources Company has posted $240.1 million in net profit for Q1 2025, up 24 percent from the $193.7 million logged for the corresponding quarter a year prior. Its oil and natural gas production averaged 198,631 barrels of oil equivalent per day (boepd) in the first quarter of 2025, a 33 percent jump year-over-year. The...
In a release sent to Rigzone by the Enverus team late Tuesday, the companyโs subsidiary, Enverus Intelligence Research (EIR), revealed that U.S. upstream mergers and acquisitions (M&A) hit $17 billion in deal value in the first quarter of 2025 and highlighted that this was the second best start to a year since 2018. โHowever, activity...
AD Ports Group recently hosted its first ship-to-ship (STS) liquified natural gas (LNG) bunkering operation at its flagship deep-water Khalifa Port. The STS bunkering was part of a simultaneous operation in which the container vessel MSC Thais, berthed at Abu Dhabi Terminals, received LNG fuel from the dedicated LNG bunker vessel Green Zeebrugge, supplied by...
Oil rose for a second day after the Trump administration ratcheted up pressure on Iranโs energy exports, while talks between the US and a handful of key trade partners stirred optimism that agreements on trade can be reached. West Texas Intermediate surged 3.5% to settle near $65 a barrel, marking the largest two-day increase since...
Oil held steady as traders weighed the latest US moves in the global trade war, as well as the prospect of looser restrictions on Iranian crude. West Texas Intermediate settled little changed near $61.50 a barrel, and Brent held below $65. While equities rallied after US President Donald Trump paused import duties on some electronics,...
Oil extended a volatile run as investors assessed abrupt shifts in US trade policy, with futures returning to losses following a relief rally on Wednesday. West Texas Intermediate plunged by 3.7% to settle near $60 a barrel, after flirting with a four-year low throughout the session, while Brent fell to close near $63. In the...
