UAE says its decision to leave OPEC was a strategic economic move, not a political one
The United Arab Emirates, which joined OPEC in 1967, announced last month it was leaving the oil producer group on […]
Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Sheinbaum Taps Pemex CFO to Run Mexico Oil Giant
Petroleos Mexicanos Chief Executive Officer Víctor Rodríguez Padilla is stepping down.
Trump, Xi push Hormuz reopening as oil prices extend rally
The U.S. and China called for reopening the Strait of Hormuz following talks between President Donald Trump and Chinese President
Trump Says He Didn’t Ask Xi to Pressure Iran on Strait
Trump said he stopped short of asking Xi to lean on Iran to ease traffic through the passage, but predicted
Oil Surges as Supply Risks Deepen
Traders remain focused on tightening crude supplies and fragile Middle East ceasefire conditions.
Sheinbaum appoints Pemex CFO to lead indebted oil producer
Mexican President Claudia Sheinbaum has appointed Pemex CFO Juan Carlos Carpio to lead the state oil company as the heavily
How China and U.S. eased the Middle East oil shock and kept prices from spiking even higher
China and the U.S., the world’s two largest economies, wield great influence over the oil market and are using it
INPEX to Acquire PetroChina Stake in Australian Browse Gas Project
The project, which has yet to reach the FEED stage, involves delivering gas extracted from the Browse Basin to the
UAE to Double Oil Export Capacity Bypassing Hormuz by 2027
The United Arab Emirates will double its capacity to export crude oil bypassing the Strait of Hormuz by next year.
Texas Upstream Employment Rises
‘The increase in upstream employment in March … demonstrates the strength and resilience of our industry’, TIPRO President Ed Longanecker
B27 Intelligence, Energy M&A, Operator Watch, Permian Deal Monitor
U.S. industrial natural gas consumption expected to hit records in 2026 and 2027
We forecast U.S. industrial natural gas consumption will climb to record highs through 2027 in our latest Short-Term Energy Outlook.
Velesto wins jackup rig contract for Hibiscus Malaysia drilling campaign
Velesto Energy has secured its first asset-light offshore drilling contract from Hibiscus Oil & Gas Malaysia, covering jackup rig services
Perenco restarts Davy gas field production in North Sea
Perenco UK has restarted production from the Davy gas field in the Southern North Sea after more than five years
Scottish Greens Push for Expanded Tax on Windfall Oil Profits
The party renewed calls for the UK government to bolster taxation on extraordinary profits by oil and gas companies and
USA EIA Reveals Latest Oil Price Forecasts
The U.S. Energy Information Administration revealed its latest oil price forecasts in its May short term energy outlook.
UAE fast tracks second West-East oil pipeline to bypass Strait of Hormuz
The second pipeline project comes as global energy supplies remain under pressure and flows through the Strait of Hormuz remain
Why Has Oil Not Gone Higher in Wake of USA-Iran Conflict?
Rigzone talks to oil and gas analysts from Standard Chartered, Wood Mackenzie, and the American Enterprise Institute.
Perenco Restarts Davy Gas Production in UK North Sea
The Davy field restarted gas flows at about 14 million cubic feet a day five years after shut-in.
Vitol Offers Iraqi Oil in Sign of Hormuz Transits
Vitol is offering Iraqi Basrah crude to customers, people with knowledge of the matter said, in a sign that some
CIA chief makes historic trip to Cuba as US blockade chokes island’s energy supplies
The U.S. has been restricting oil shipments to Cuba since January, plunging the country into blackouts lasting days at a