New user?
Also registered?
Iraqโs electricity grid lost around 15% of its generation capacity after gas supplies from neighboring Iran were more than halved on Tuesday, highlighting the countryโs vulnerability to energy shocks despite its oil wealth. Iranian gas deliveries currently stand at 25 million cubic meters per day, less than half the 55 million cubic meters agreed under...
The Trump administration has eased recent export limits on a critical petroleum product thatโs used to make plastics โ a shift that represents a modest pullback on curbs used as leverage in trade negotiations with China.Under the change, Enterprise Products Partners LP and Energy Transfer LP are being allowed to load that gas, known as...
Oil edged higher after a volatile session as President Donald Trump fanned speculation that the US may join the Middle East conflict.West Texas Intermediate rose 0.4% to settle above $75 a barrel, the highest closing price since January. Markets swung between gains and losses in a $3 range amid sharp reactions to developments in the...
Russia said its overnight missile and drone barrage struck the large Kremenchuk oil refinery in central Ukraine, which was previously targeted by Kremlin forces in 2022.โA group strike with precision-guided air and sea-based weapons, as well as unmanned aerial vehiclesโ hit the facility in the Poltava region, Russiaโs defense ministry said in a Telegram statement.Acting...
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...
