2+ day, 14+ hour ago   (89+ words) Oil Soars as Hormuz Risks Rattle Markets Rigzone Oil Soars as Hormuz Risks Rattle Markets Brent oil spiked over $107 a barrel, the highest in nearly four months, as deteriorating conditions in the Middle East heightened concerns over global supplies. - Brent…...

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…...

1+ week, 3+ day ago   (608+ words) AI could unlock $230 billion for oil and gas and oilfield services and equipment (OFSE) companies. That’s according to a new insight from McKinsey & Company sent to Rigzone recently, which was penned by Bill Ambrose, a partner in McKinsey’s Houston, Texas,…...

1+ week, 3+ day ago   (536+ words) Methanex Corp said Tuesday it expects to indefinitely close production in New Zealand from next year after selling its natural gas supply entitlements. "Given the continued decline in domestic natural gas availability and the lack of a clear pathway to…...

1+ week, 4+ day ago   (288+ words) SB Energy Corp., a power infrastructure firm backed by SoftBank Group Corp. and OpenAI, filed for a US initial public offering, becoming the latest company to seek to capitalize on the growing power demand for data centers. The Redwood City,…...

2+ week, 3+ day ago   (1635+ words) Hansen highlighted in this analysis that oil prices had fallen “sharply” this week “as the market increasingly senses that both Washington and Tehran are looking for an exit ramp from a conflict that has inflicted a heavy economic cost on…...

3+ week, 3+ day ago   (470+ words) Flex LNG Ltd on Wednesday reported $106.8 million in revenue for the second quarter (Q2), its highest since the fourth quarter of 2021. The figure increased from $80.5 million for the prior three-month period on higher shipping rates. The Bermuda-based LNG shipper averaged $86,119 per…...

5+ day, 14+ hour ago   (283+ words) Oil may rally to as much as $120 a barrel if attacks on shipping in the Middle East increase, according to Goldman Sachs Group Inc., which recommended bets on natural gas and diesel as a way to capture gains. “Events over…...

3+ week, 2+ day ago   (264+ words) Dangote Group has offered East African countries a 30 percent equity stake in the giant refinery planned for the region, according to Kenyan President William Ruto's top economic adviser. Kenya's 10 percent stake would be worth about $500 million, David Ndii told a…...

3+ week, 2+ day ago   (434+ words) Enverus announced, in a statement sent to Rigzone recently, that it has released its latest rankings of the most active U.S. land drilling contractors and drilling customers, “providing a snapshot of market leadership based on the latest available drilling data”. Rigzone…...