3+ day, 20+ 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…...

3+ day, 23+ 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…...

4+ day, 21+ hour ago   (999+ words) In an oil market note sent to Rigzone by the HSBC team on Tuesday, analysts at the company, including HSBC Senior Global Oil and Gas Analyst Kim Fustier, revealed that they had raised their 2026 oil price forecast by $10 per barrel…...

5+ day, 2+ min ago   (641+ words) The Brent oil price rose above $100 per barrel for the first time since July on Wednesday. Brent hit $100.45 per barrel in early trading today after two straight days of gains, with the Brent price closing at $97.92 per barrel on Tuesday....

5+ day, 22+ hour ago   (1134+ words) Oil prices rose for another session on Tuesday, reaching three-month highs as escalating tensions across the Gulf renewed concerns over regional energy flows. That’s what Paolo Broccardo, CEO at BankPro, said in a market analysis sent to Rigzone on Tuesday,…...

6+ day, 23+ hour ago   (532+ words) The statement, which highlighted that the seven OPEC+ countries met virtually on Sunday “to review market conditions and outlook”, outlined that the OPEC+ 7 “reaffirm[ed] [their] commitment to market stability” in the meeting. “The seven OPEC+ countries, which previously announced…...

1+ week, 42+ min ago   (153+ words) Rigzone Iran said a deal with Oman to manage shipping through the Strait of Hormuz is days away The agreement, which the two countries have been negotiating for weeks, is in the final stages and will include details on a…...

1+ week, 2+ day ago   (361+ words) Rigzone Oil swung in thin holiday trading as renewed fighting between the US and Iran heightened supply concerns, while rare signs of progress toward ending the Russia-Ukraine war chipped away at the geopolitical risk premium West Texas Intermediate edged up…...

1+ week, 4+ day ago   (300+ words) Rigzone Oil steadied near the highest closing level in five weeks as fighting again raged between the US and Iran, renewing the threat to energy exports from the Middle East West Texas Intermediate edged up marginally to settle above $90 a…...

1+ week, 5+ day ago   (341+ words) Rigzone US oil prices topped $90 a barrel for the first time since late July as fresh American strikes on Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz West Texas Intermediate rose 5.2% on the renewed…...