English

Economics at rigzone.com

Tuesday, Jul 2

23

Oil Falls as Technicals Stall Rally

www.rigzone.com

Oil edged lower, backing off a two-month high, as technical indicators restrained a rally driven by tensions in the Middle East and the Atlantic hurricane season.

21

US DOE Offers Contracts for Nuclear Fuel

www.rigzone.com

The DOE issued a call for proposals for the delivery of low-enriched uranium to the agency, under a $2.7 billion program to grow the domestic production of the nuclear fuel.

18

North America Keeps Adding Rigs

www.rigzone.com

North America added three rigs week on week, according to Baker Hughes.

17

Judge Blocks Biden Bid to Halt LNG Export Licenses Over Climate

www.rigzone.com

U.S. District Judge James D. Cain Jr. in Louisiana issued a preliminary injunction Monday in a lawsuit filed by 16 states.

16

USA EIA Boosts Henry Hub Price Forecast for 2024 and 2025

www.rigzone.com

The U.S. Energy Information Administration increased its Henry Hub price forecast for both 2024 and 2025 in its latest short term energy outlook.

11

TotalEnergies Acquires Finnish Base Oil Reprocessing Firm

www.rigzone.com

'The integration of Tecoil into TotalEnergies will allow us to accelerate the use of RRBOs in the production of our high-end lubricants to meet our customers' growing demand for increasingly high-performance, environmentally friendly…

10

Baker Hughes Scores LNG Services Job from Woodside

www.rigzone.com

Baker Hughes secured a 10-year LNG service frame agreement from Woodside.

Overall OPEC Production Steady while Some Members Exceed Limits

www.rigzone.com

OPEC's crude production remained steady for a third month, while some key members continued to pump above agreed limits.

SLB Lands FEED Job for Equinor's Landmark All-Electric Subsea Project

www.rigzone.com

The contract is for a 12-well, all-electric subsea production systems project in the Fram Sor field offshore Norway.

Monday, Jul 1

22

Hurricane and Geopolitical Risks Push Oil Prices to 2 Month High

www.rigzone.com

Oil climbed to the highest in more than two months as traders took stock of mounting geopolitical risks in Europe and the Middle East as well as a hurricane in the Caribbean.

18

Florida Firm Uses AI to Acquire Assets at Below-Market Prices

www.rigzone.com

The assets represent both working and non-working interests in 620 oil and gas wells, with combined gross current production of approximately 357 barrels per day (bpd).

16

Citgo Auction Planner Asks to Delay Sale Hearing Until September

www.rigzone.com

An official overseeing the sale of PDV Holding, the parent of Venezuela-owned Citgo Petroleum, asked for the court-ordered auction to be delayed until September.

14

US Sanctions Three UAE-Based Shippers for Carrying Iran Oil

www.rigzone.com

A total of 11 vessels are included in the sanction designation.

10

Russia Allows Refineries to Continue Exporting Gasoline for Another Month

www.rigzone.com

Russia will allow the nation's refineries to continue exporting gasoline for another month as the domestic market remains well supplied.

Blow for Biden as Supreme Court Overturns Chevron Deference

www.rigzone.com

By saying that regulatory agencies don't have leeway to interpret the meaning of ambiguous laws, the court made it tougher for the administration to defend regulations it issued in recent months.

Saturday, Jun 29

14

Egypt's $10 Billion Wind Farm Set to Break Ground in 2026

www.rigzone.com

Construction of one of the world's biggest wind farms in Egypt will begin by March 2026.

Friday, Jun 28

00

Oil Near to 6% Higher for Month

www.rigzone.com

Rising Middle East tensions are keeping potential price retreat from the surge in stockpiles and sluggish Chinese economy at bay.

17

Permian's LandBridge Raises $246.5MM in Below-Target IPO

www.rigzone.com

The owner of land used in oil and gas production in the Permian Basin raised $246.5 million in an IPO, pricing its shares below a marketed range.

15

US Senate Probes Potential Big Oil, OPEC Collusion

www.rigzone.com

A U.S. Senate committee is investigating whether oil producers are illegally coordinating with OPEC to raise prices.

Ocean Installer Acquired by Moreld, Bags Contract for Equinor's Troll

www.rigzone.com

The SURF EPCI contract is for Equinor's new $1.13 billion (NOK 12 billion) investment in the Troll Phase 3 – Stage 2 project.

10

AEP Names Bill Fehrman as President and CEO

www.rigzone.com

American Electric Power appointed the former Berkshire Hathaway Energy CEO as president and CEO effective August.

Thursday, Jun 27

22

Rangebound Crude Settles Slightly Higher

www.rigzone.com

Oil Futures closed higher Thursday.

18

Canada O&G Groups Remove Website Info Over Greenwashing Concerns

www.rigzone.com

'The effect of this legislation is to silence the energy industry and those that support it in an effort to clear the field of debate and to promote the voices of those most opposed to Canada's energy industry'.

14

API Suit Seeks Repeal of New Fuel Efficiency Standards

www.rigzone.com

The API, joined by farming and car dealership groups, filed a lawsuit seeking the cancellation of new fuel economy and efficiency standards by the U.S. road regulator.

13

Iowa Approves Summit Carbon Solutions' CO2 Pipeline

www.rigzone.com

The Iowa Utilities Board approved the Summit Carbon Solutions base pipeline project.

Shale Executives See Mergers Squeezing US Oil Production

www.rigzone.com

U.S. oil production will decline if the corporate-acquisition spree sweeping the shale sector is prolonged, according to a Federal Reserve Bank of Dallas survey.

10

FS Italiane Group, Eni Join Forces on Energy Transition

www.rigzone.com

Eni and FS Italiane joined forces to identify energy transition opportunities in the transport, energy, and materials sectors.

09

Leviathan Partners Win Israel Approval for Increased Gas Export

www.rigzone.com

NewMed Energy and its co-venturers in the Leviathan field offshore Israel received an initial permit from the Energy Ministry to raise its natural gas allotment for overseas markets.

SM Energy Nears Deal to Acquire XCL Resources

www.rigzone.com

SM could announce a deal of about $3 billion with XCL backers including EnCap Investments in the coming days.

Wednesday, Jun 26

23

Oil Unmoved by Large Stockpile Build

www.rigzone.com

Energy Information Administration indicated that crude stockpiles rose the highest level in over three years.