2+ day, 21+ 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…...

3+ day, 5+ 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…...

4+ day, 2+ hour ago   (355+ words) Sapphire Gas Solutions said Tuesday it had acquired a small-scale liquefied natural gas (LNG) production facility in Ehrenberg, Arizona, part of its efforts to establish a leading vertically integrated merchant LNG platform in the United States. Desert Gas LNG, bought…...

4+ day, 7+ 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…...

5+ day, 6+ 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…...

6+ day, 6+ hour ago   (388+ words) TotalEnergies SE has agreed to transfer operatorship of Papua LNG to co-venturer Exxon Mobil Corp, saying the move will help bring the project closer to a final investment decision (FID). The transaction will result in United States energy giant ExxonMobil…...

1+ week, 1+ day ago   (278+ words) Russia’s oil revenue slumped to a six-month low in August, reflecting lower export prices and compounding pressure on the Kremlin’s ability to finance its war in Ukraine. Accounting for about a fifth of Russia’s budget inflows, oil and gas revenues…...

1+ week, 3+ day ago   (277+ words) Mitsui OSK Lines Ltd has consummated the combination of six ship management subsidiaries to streamline safety culture. Singapore-based MOL Global Ship Management Pte Ltd (MOLGSM), previously named MOL LNG Ship Management Pte Ltd, is the surviving company to manage over…...

1+ week, 3+ day ago   (354+ words) South Korea will merge a string of state-run energy and transport companies as part of a broader overhaul of public institutions that is aimed at cutting costs and strengthening the country's competitiveness at a time of rising power demand. Korea…...

1+ week, 4+ day ago   (717+ words) Ian Tyler will continue as BP PLC chair on a permanent appointment, having been serving in that role since May on an interim basis, the company said Wednesday. Concurrently BP announced senior independent director Amanda Blanc will not seek reelection…...