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News
TotalEnergies Plans $10B in Angola Oil Investments
1+ day, 4+ hour ago (292+ words) TotalEnergies SE and its partners plan to invest $10 billion in Angola’s oil sector over the next five years in order to sustain production in the country. The French energy company produces about 450,000 barrels of oil a day in Angola, more…...
McDermott Wins Contract for Eni's Cronos Project offshore Cyprus
2+ day, 20+ hour ago (562+ words) McDermott International Ltd said Wednesday it had received a "substantial" contract from Eni SpA for Cyprus' first hydrocarbon development. "Under the contract, McDermott will provide project management, engineering, procurement and installation support for the development of the Cronos gas field…...
TotalEnergies Makes New Discovery offshore Angola
2+ day, 23+ hour ago (470+ words) TotalEnergies SE on Thursday announced a discovery in Block 17 off Angola's Atlantic coast, which it expects to put into production this quarter. Acacia-5 will be tied back to the Pazflor floating production, storage and offloading (FPSO) vessel, adding 6,000 barrels per…...
Sapphire Expands Southwest Presence into LNG Production
3+ day, 19+ hour ago (355+ words) Sapphire Gas Solutions said Tuesday it had acquired a small-scale liquefied natural gas (LNG) production facility in Ehrenberg, Arizona, part of its efforts to establish a leading vertically integrated merchant LNG platform in the United States. Desert Gas LNG, bought…...
Korea Picks $22B Gas Project as First in USA Trade Deal
3+ day, 19+ hour ago (599+ words) South Korea has identified a gas-fired power project in Texas as the first US investment under a trade deal agreed last year, local media reported, a step that could help ease tensions between the two allies after months of friction…...
HSBC Analysts Significantly Raise Oil Price Forecasts
3+ day, 22+ hour ago (999+ words) In an oil market note sent to Rigzone by the HSBC team on Tuesday, analysts at the company, including HSBC Senior Global Oil and Gas Analyst Kim Fustier, revealed that they had raised their 2026 oil price forecast by $10 per barrel…...
Venezuelans Split on Trump Oil Deal
4+ day, 14+ hour ago (227+ words) Venezuelans are deeply divided over the Trump administration’s oil deal with the country’s interim authorities, with half saying the agreement will benefit the US more than Venezuela. Still, her disapproval rating — which had been steadily rising since she assumed the…...
USA-VEN Oil Deal Not a Near Term SPR Filler
5+ day, 22+ hour ago (685+ words) The U.S.-Venezuela oil deal is a long-term project, not a near-term U.S. Strategic Petroleum Reserve (SPR) filler, Emily Ashford, Standard Chartered Bank’s Head of Energy Research, said in a report sent to Rigzone recently. In the report, Ashford highlighted that the…...
ExxonMobil to Acquire Papua LNG Operatorship from TotalEnergies
5+ day, 23+ hour ago (388+ words) TotalEnergies SE has agreed to transfer operatorship of Papua LNG to co-venturer Exxon Mobil Corp, saying the move will help bring the project closer to a final investment decision (FID). The transaction will result in United States energy giant ExxonMobil…...
Trump Pressures USA Oil Refiners to Ease Pump Prices
1+ week, 3+ day ago (526+ words) President Donald Trump pressed US oil refiners to boost domestic production of gasoline and diesel during a closed-door meeting Tuesday, as he contends with high prices and mounting cost-of-living concerns before November’s midterm elections. Trump made clear he wants lower…...