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+ 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   (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…...

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…...

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…...

4+ week, 1+ day ago   (450+ words) Indian state-owned refiners are rushing to procure spot crude unusually far in advance as Ukrainian attacks on Russian energy assets and a stalemate over the Strait of Hormuz make supplies increasingly uncertain. Processors, including Indian Oil Corp. and Hindustan Petroleum…...

1+ week, 4+ day ago   (467+ words) Malaysia's national oil and gas company has reported MYR 27.2 billion (around $6.73 billion) in profit after tax for the first six months of 2026, up four percent from the first half (H1) of 2025 thanks to higher liquefied natural gas (LNG) exports and higher…...

2+ week, 2+ day ago   (992+ words) Africa has emerged as the center of a global upstream acreage rush. That’s what Enverus Intelligence Research (EIR) said in a statement sent to Rigzone on Wednesday, which noted that the continent has captured nearly half of new upstream country…...

3+ week, 2+ day ago   (264+ words) and Kenya, he added. Uganda is undecided about investing in the Kenyan refinery as it already has plans...

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…...