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Oil & Gas Trade
Devon Raises 2024 Projected Production
United States producer Devon Energy Corp. has bumped up its output guidance for 2024 to between 811,000 and 830,000 barrels of oil equivalent a day (boed), supp…
Power Construction
Duke Energy Misses Expectations As Storms Hit Earnings
Power and gas utility Duke Energy Corp. has reported $1.24 billion in adjusted net income for the third quarter, down from $1.49 billion for the same three-mont…
Oil & Gas Technology
ADNOC Announces Launch Of Agentic AI Solution
In a release sent to Rigzone by the ADNOC team recently, ADNOC announced the launch of ENERGYai, which it describes as the world’s first of its kind custo…
Oil Price
Oil Prices Rangebound Amid Weak Demand Outlook
Oil held near November lows, settling near $68 a barrel, as increasingly bearish fundamentals capped the session’s gain.In the physical market, a key supp…
Solar Panel
Anti-soiling Coating Increases PV Panel Current in Arid Regions by 64.7%
The synthesis procedureImage: Port Said University, scientific reports, Conservation and Recycling, Common License CC BY 4.0Scientists in Egypt have created an …
OPEC
OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period
Global oil demand is projected to reach 120.1 million barrels per day (mb/d) by 2050, while energy demand will rise 24% during the same period, said the Organiz…
Oil & Gas Trade
Sabic Opens Ultem™ Resin Manufacturing Facility In Singapore
SABIC, a global diversified chemicals company, has officially launched its new $170-MM (S$220-MM) ULTEM™ resin manufacturing facility in Singapore, markin…
LNG
Angola Plans More Multi-year Oil And Gas Licensing Rounds To Boost Production
Angola plans to repeat its multi-year licensing round for oil and gas acreage starting in 2026, reportedReuters, citing a senior government energy official.This…
Oil & Gas Trade
Woodside Contracts Winyama For Pluto Train 1 Modifications Project
Winyama will collaborate with Kellogg Brown & Root, Woodside’s EPCM contractor for the project.This partnership is expected to enhance Winyama’s bus…
LNG
KBR Awarded Feed Contract For Sur LNG Train 4 Expansion In Oman
KBRhas been awarded a FEED contract for the expansion of the Qalhat LNG complex in Sur, Oman.This project marks a crucial step in Oman’s efforts to meet r…
Oil & Gas Trade
ADNOC Awards $196.2m Manufacturing Contracts
ADNOC has awarded contracts worth $196.2m to 11 companies to boost local manufacturing of diverse products across its value chain as part of the ICV programme.T…
Oil & Gas Trade
Petrobras Posts $7.6% Increase In Net Income In Q3 2024
Brazilian national oil and gas company Petrobras has reported a 7.6% increase in net income for Q3 2024, reaching $5.87bn (33.85bn reais) from $5.54bn in the sa…
Crude Oil
Exxon Mobil Takes Ownership Of Payara FPSO Offshore Guyana
Exxon Mobil Guyana has completed a transaction to assume ownership from SBM Offshore of theFPSO Prosperity.The deal went through ahead of the full platform leas…
Oil & Gas Trade
Qatar Taps Rothschild As Adviser In Bid For Rosneft Units In Germany
Qatar’s sovereign wealth fund is bolstering its efforts to take over the German businesses of Russian oil giant Rosneft PJSC as the government in Berlin l…
Green Hydrogen
Air Products Eyes Expanded Offtake for NEOM Green Hydrogen Plant
Air Products CEO Seifi Ghasemi has announced ongoing negotiations for additional offtake from the 2.2GW NEOM green hydrogen plant in Saudi Arabia, driven by sus…
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