BP Confirms Job Cuts
BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday. “Last year, we began a multi-year program to simplify and focus BP,” the statement noted. “We…
Union Says More Than Half of MSPs Support North Sea Oil, Gas Campaign
In a statement sent to Rigzone by UK union Unite on Thursday, the union announced that more than half of the members of Scottish parliament (MSP) have backed Unite’s North…
Biden advances final effort to ban Arctic oil drilling
Jennifer A. Dlouhy January 17, 2025 (Bloomberg) – The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum Reserve, a bid…
Analysts Look at USA Sanctions Effect
Crude oil’s strong start to the year was reinforced on January 10 with the announcement of the latest, and most extensive yet, round of U.S. sanctions on Russia. That’s what…
Brussels Aims at Russian LNG and Aluminum
The Russian invasion of Ukraine may finally become significantly costly for Vladimir Putin’s regime. Over the last 24 hours, reports have emerged that the European Union (EU) is taking stronger…
Trump’s Pick for Energy Secretary Vows to ‘Unleash’ USA Expansion
Donald Trump’s choice for Energy secretary said the US must remove bureaucratic barriers and “unleash” production of nuclear power as well as liquified natural gas, according to written testimony before…
EU Mulls Gradual Ban on Russian LNG
The European Union is considering import restrictions on Russian aluminum and phasing out liquefied natural gas from the nation as part of a new package of sanctions targeting Moscow for…
BP, Iraq sign most commercial terms to revive Kirkuk oil field
(Bloomberg) – BP and the Iraqi government agreed the majority of commercial terms toward reviving the Kirkuk oil field on Tuesday, further progress toward a final agreement that is expected…
Stratas Advisors Offers Oil Price Warning
In a Stratas Advisors report sent to Rigzone by the Stratas team late Monday, the company warned that it is expecting “some moderation of oil prices”. “For the upcoming week, we…
Aramco Awards $9 Billion Contracts To Be Executed Locally
Saudi Arabian Oil Co. on Monday signed 145 deals totaling about $9 billion as part of the oil giant’s In-Kingdom Total Value Add (iktva) program. “The agreements and MoUs [memorandums…
