1+ day, 19+ min 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…...

2+ day, 16+ hour ago   (536+ words) Iran and the US are digging in for a protracted war, with little sign of a near-term ceasefire or return to normal Middle East energy flows even if hostilities remain at a low intensity. Tehran’s leaders are resolved to keep…...

2+ day, 16+ 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…...

2+ day, 20+ hour ago   (656+ words) The Brent oil price closed at $101.21 per barrel on Wednesday - its highest settlement since May. Although oil closed slightly over $100 per barrel ($100.69) on July 23, the last time it closed higher than yesterday’s price was on May 22, when it settled at…...

2+ day, 18+ hour ago   (950+ words) In a press note sent to Rigzone recently, Wood Mackenzie warned that Europe faces its “weakest” winter gas storage position for nearly two decades. “Approximately 20 percent of global LNG supply has been effectively removed from the market since conflict disrupted…...

2+ day, 19+ 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…...

3+ day, 10+ hour ago   (396+ words) Mexico’s government aims to reduce financial support for state-owned oil company Petroleos Mexicanos’ debt payments to 81.1 billion pesos ($4.8 billion) in 2027, down by nearly 70% from the amount budgeted this year. The government expects the company, known as Pemex, to achieve a…...

3+ day, 20+ hour ago   (424+ words) Elia Transmission Belgium SA has signed a record EUR 1 billion (around $1.16 billion) credit facility with the European Investment Bank (EIB) for an artificial energy island project in the North Sea. Princess Elisabeth Energy Island will further power interconnectedness in the…...

3+ day, 20+ hour ago   (641+ words) The Brent oil price rose above $100 per barrel for the first time since July on Wednesday. Brent hit $100.45 per barrel in early trading today after two straight days of gains, with the Brent price closing at $97.92 per barrel on Tuesday....

4+ day, 19+ hour ago   (874+ words) In a statement sent to Rigzone recently, industry body Offshore Energies UK (OEUK) said the industry urgently needs a firm date for HM Treasury’s (HMT) North Sea tax plan. OEUK revealed in the statement that the group has written to…...