Finance

USA EIA Forecasts WTI Oil Price Drop in 2025 and 2026

According to its February STEO, the EIA sees the WTI spot price averaging $70.62...

WTI Tops $72 Amid Crude Supply Concerns

Oil prices climbed as supply uncertainties from OPEC+, Russia, and Kazakhstan, a...

Putin Says Global Energy Market Needs Russia-US-Saudi T...

The global energy market needs trilateral discussions between Russia, the US and...

Occidental to Sell $1.2 Billion Assets in Permian, Rockies

The divestment is part of Occidental's debt management plan.

What Trends Will Shape Oil and Gas Hiring In 2025?

Rigzone talks to Dave Mount, Executive Vice President of Louisiana-based OneSour...

Galp Sees 75 Percent Drop in Quarterly Profit

Galp reported a replacement cost-adjusted net income of $74.1 million.

North America Drops Rigs Again WoW

The total North America rig count stands at 833, according to Baker Hughes' late...

Oil Settles Higher as OPEC+ Weighs Supply Delay

Oil prices rise as OPEC+ considers delaying output hikes, but oversupply concern...

Aker Solutions Logs 42 Percent YoY Growth in Q4 Revenue

Aker Solutions reported $1.41 billion in revenue for the fourth quarter of 2024,...

Petro-Victory to Acquire Oil Assets in Brazil's Potigua...

The transaction is expected to close in the second half of 2025, subject to cust...

Is an Oil Market Share War on the Cards for 2025?

Rigzone talks to Ed Morse, a Senior Adviser at Hartree Partners, Kristian Coates...

Chevron Vice Chairman Confirms Job Cuts

'We do not take these actions lightly and will support our employees through the...

Egypt, Cyprus Sign Deals to Export Cronos, Aphrodite Gas

Egypt and Cyprus on Monday signed deals for the reexport and commercialization o...

Eversource Bounces Back from Losses Related to Wind Div...

The power, gas and water utility serving New England reported $72.52 million, or...

USA EIA Boosts Henry Hub Natural Gas Price Forecasts

The EIA projected in its latest STEO that the Henry Hub spot price will come in ...

SP Energy Networks, National Grid Break Ground on Subse...

Construction started on a 118-mile subsea electricity superhighway that will lin...

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