23+ hour, 11+ 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, 9+ 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+ day, 9+ hour ago   (266+ words) Russia’s production of crude oil shrank in August, lagging further behind its OPEC+ quota, after Ukraine stepped up attacks on the nation’s oil assets. The country pumped an average of 8.718 million barrels a day of crude last month, the Organization…...

2+ day, 13+ hour ago   (504+ words) Enbridge Inc on Wednesday announced an agreement to buy Tallgrass Energy LP's crude oil business for $2.55 billion in cash. The acquisition includes a 75 percent stake in the Pony Express Pipeline, which carries up to about 460,000 barrels per day (bpd) of…...

2+ day, 13+ hour ago   (501+ words) The Department of Energy (DOE) has finalized a loan of up to $1.9 billion for NextEra Energy Inc to revive the Duane Arnold Energy Center, Iowa's only nuclear power plant. "Duane Arnold's restart will add 615 megawatts (MW) of reliable baseload power…...

2+ day, 14+ hour ago   (1031+ words) “The milestone many hoped to avoid has arrived,” Patrick De Haan, Head of Petroleum Analysis at GasBuddy, said in the blog. “The national average price of gasoline on Labor Day set a new record for the holiday, eclipsing the previous…...

2+ day, 14+ 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, 15+ 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, 19+ 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, 17+ 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…...