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'This decision aligns with the United Arab Emirates' long-term strategic and economic vision and the evolution of its energy sector', the UAE Ministry of Energy and Infrastructure said.
Not all mines placed by Iran in the Strait of Hormuz need to removed for ships to resume transiting the vital passageway, U.S. Energy Secretary Chris Wright said.
Crude settled higher on geopolitical tensions and tight physical markets, even as the UAE's planned OPEC+ exit added longer-term uncertainty.
Two offshore wind developers will give up federal leases and instead commit funds to fossil fuel projects under agreements with the Trump administration, the DOI said Monday.
The number of employees in the oil and gas extraction industry has dropped in seven of the last 10 years, data on the U.S. Bureau of Labor Statistics website shows.
'This establishes Canada as a heartland for Shell while furthering our strategy to deliver more value with less emissions', Shell's Chief Executive Officer Wael Sawan said.
Naeem Aslam, CIO Zaye Capital Markets, highlighted that Brent crude was holding strong.
Two Iran linked oil tankers that U.S. forces interdicted near Sri Lanka last week appear to have halted their westward course in the Indian Ocean and turned around.
Markets reacted to prolonged geopolitical tensions with higher oil prices and tighter outlooks.
North America added one rig week on week, according to Baker Hughes' latest North America rotary rig count.
Alarm bells will ring loudly if the Strait of Hormuz does not reopen during May, SEB Chief Commodities Analyst Bjarne Schieldrop stated.
Iran is continuing to load millions of barrels of oil onto supertankers.
Oil prices dipped as potential US-Iran talks raised hopes for restored flows.
President Donald Trump's administration has given a 90-day extension to a shipping waiver making it easier to move oil, fuel and fertilizer around the United States.
The first quarter Dallas Fed Energy Survey has received an update 'in response to recent developments in the global oil market', a statement sent to Rigzone revealed.
There is a high risk being short energy and betting on any immediate political resolution in the Iran conflict, according to SEB Commodities Analyst Ole R. Hvalbye.
BP Plc faced a shareholder backlash at its annual general meeting.
Oil prices rose sharply as escalating Iran conflict risks threatened flows through the Strait of Hormuz.
'Reopening optimism' for the Strait of Hormuz is 'sliding fast', according to SEB Chief Commodities Analyst Bjarne Schieldrop.
'I do not agree with those who say we should 'turn off the taps' overnight', UK Energy Secretary Ed Miliband said.
You can choose to embrace it or ignore it. You can choose to pretend it does not apply to you. But the one thing you likely will not be able to do is work as a pipeline inspector without it after 2018. What is it you ask? It is the American Petroleum Institute Pipeline Inspector Certification; better known as the API 1169. Possibly a thorn in the side for many inspectors but for the industry it is a sure step forward in the right direction; joining the other sectors of oil & gas.
Questions surround the API 1169 exam requirements, purpose, and what individuals need to do in order to properly prepare for the certification that will likely keep them employed in their careers. Training options have been multiplying as the popularity of the API 1169 has hit the mainstream. Inspectors should perform their research and due diligence to adequately make an informed choice when it comes to the training course they attend.