Former president of TXOGA, Rob Looney, passed on December 1, 2022, but his mark in the oil and gas industry will remain.
After the world's first carbon offset LNG cargo was sold, it was believed that crude is next, but in the three years since, carbon offset crude trade is yet to become a reality.
Decarbonizing China's power sector and increasing renewable power sources is key to help limit global warming to 1.5°C
Fitch Solutions Country Risk & Industry Research has revealed its latest Brent crude oil price forecasts.
OEUK forecasts that the offshore oil and gas sector will support 213,600 jobs this year.
The Biden administration is seeking to stop sales from the Strategic Petroleum Reserve mandated by Congress so it can refill the emergency reserve.
The short supply of labor in the US oil patch has plagued exploration and production companies all year.
The European Union is closing in on a deal to cap the price of Russian crude oil at $60 a barrel.
Check out some of Rigzone's top stories during the last week.
Oil posted its biggest weekly gain in a month, after a volatile week marked by China loosening Covid restrictions and speculation on OPEC+ output policy.
Oil refiners in China have started to snap up Russian crude cargoes.
One of Rigzone's regular market watchers looks at the latest oil price moves, Venezuelan crude flows, Chinese government actions and more.
'Chancellor Scholz and I have taken an informal initiative today to improve the protection of subsea infrastructure'.
'The financial impact of Western sanctions and the widescale exodus of foreign partners from the Russian oil and gas sector are beginning to materialize'.
Oil futures rose with China further easing Covid restrictions and the US considering a pause in sales from its strategic reserves.
Venezuela President Nicolas Maduro urged the U.S. to ease more sanctions on the country's beleaguered oil industry.
The average price of gasoline dropped below $3.50 a gallon for the first time since February.
The threat of the rail strike was identified as a short-term supply risk in Rystad Energy's latest North America gas and LNG market update.
Decommissioning of North Sea oil and gas installations in the next decade will cost around £20 billion, Offshore Energies UK claims.
The case for another significant OPEC+ cut similar to October's is weak.
Oil prices rallied with traders betting that China will further ease Covid restrictions and US government data showing crude stockpiles plummeted amid record export demand.
On November 18, the competitive leasing period for the INTOG offshore wind process came to a close and Westwood analyzed the risks involved.
The threat of a sweeping rail strike has been identified as a short-term supply risk.
Norway has decided not to issue licenses for energy companies to explore oil and gas in frontier areas during the reign of the current parliament.
The B OCEAN was subject to a second hijack and fuel theft this year.
BSEE has extended the period for the public to submit their comments on the draft programmatic environmental impact statement for Oil and Gas decommissioning activities on Pacific OCS.
Oil held onto gains as market uncertainty over OPEC's upcoming decision on production tugged the price in opposite directions.
Australia's oil and gas industry believes that the re-elected Victorian Labor government should encourage new gas supply development to help put downward pressure on prices.
The Organization of Petroleum Exporting Countries and allies including Moscow meet this weekend to decide on output.
The CEO of the NSTA has been shouted off stage by environmental activists during a speech at the World Energy Capital Assembly in London.
'The coup attempt is incredibly damaging for the country's political and ESG credentials, and will likely deter investors in the nascent oil and gas industry'.
'China's nationwide road traffic has so far been resilient despite the latest round of lockdowns'.
G7 members can be the front runners in low carbon and green hydrogen deployment, a new report by the International Renewable Energy Agency claimed.
Global crude oil inventories have been rising prior to a European embargo on Russian crude imports.
Oil rose as OPEC+ delegates said deeper production cuts could be an option when they meet this weekend.
The energy sector accounts for nearly 80 percent of GHG emissions, primarily from fossil fuel consumption.
The European Union has been struggling to agree on how strict a price cap should be.
The final guidance provides instructions to Tribes on how to apply for orphaned well grants.
Russia sent its second-ever crude oil shipment east through the Arctic Circle toward China, a route that could give the country a faster way to buyers in Asia.
Oil slumped as China's continued adherence to its Covid-Zero policy dampened hopes of a demand rebound.
Britain's vow to become the birthplace of the Green Industrial Revolution has hit a wall of faltering finances and policy chaos.
As October drew to a close, the White House saw another potential energy flash point on the horizon.
Emmanuel Macron said the US, China, and other non-European rich nations must pay their share to help poorer countries deal with climate change.