USA Labor Market Report Underpins Energy Demand

In a market update sent to Rigzone late Wednesday, Rystad Energy outlined that the January U.S. labor market report “surprise[d]… to the upside, underpinning energy demand”. Rystad noted in the…

Libya Awards First Oil Blocks In 20 Years to Chevron and Europe’s Oil Majors

Libya’s state-owned National Oil Corporation (NOC) has announced U.S. Oil & Gas major Chevron (NYSE:CVX) among the winners of its first oil and gas licensing round in nearly two decades,…

U.S. Energy Secretary Says Venezuela Could See Surge in Oil Output

Venezuela’s crude oil production could increase dramatically as soon as this year, U.S. Energy Secretary Chris Wright said during his visit in the South American country. “This year, we can…

U.S. Energy Secretary Says Venezuela Could See Surge in Oil Output

Venezuela’s crude oil production could increase dramatically as soon as this year, U.S. Energy Secretary Chris Wright said during his visit in the South American country. “This year, we can…

Saudi Arabia’s Aramco Begins Production At $100B Jafurah Gas Project

Saudi Aramco has begun production of light oil (condensate) from its $100 billion Jafurah unconventional gas project, after the company completed Phase 1 construction of the 450-MMcf/D-capacity gas plant. This…

Saudi Arabia’s Aramco Begins Production At $100B Jafurah Gas Project

Saudi Aramco has begun production of light oil (condensate) from its $100 billion Jafurah unconventional gas project, after the company completed Phase 1 construction of the 450-MMcf/D-capacity gas plant. This…

Libya Awards First Oil Blocks In 20 Years to Chevron and Europe’s Oil Majors

Libya’s state-owned National Oil Corporation (NOC) has announced U.S. Oil & Gas major Chevron (NYSE:CVX) among the winners of its first oil and gas licensing round in nearly two decades,…