Texas Based E&P Firm to Deploy Up To $1B in 2026
Texas based U.S. Energy Development Corporation (USEDC) has announced a plan to deploy up to $1 billion in 2026. In a release sent to Rigzone this week, the company said it will…
Asia’s Crude Oil Imports Set for Record High in February
Asia is poised to import record volumes of crude oil this month as top importers boost purchases amid strong runs and a changing geopolitical situation. Asia, the key oil-importing and…
IEA Chief Warns Fracturing Global Order Is Splintering Energy Policy
A fracturing in the “global order” is threatening the harmony in energy policies, the head of the International Energy Agency has warned. “We see a fracturing in the global political…
Eni Considers Return to Oil Trading as Rivals Reap Billions
Italy’s Eni is considering reopening its oil-trading business as it misses out on the profits that its fellow European supermajors are generating from selling the commodities they produce, the company’s…
Guyana Fast-Tracks Gas Expansion as Oil Cash Piles Up
Guyana’s sights are set much higher than just being the new oil darling of the Western hemisphere. It wants to be the gas darling too. That’s the frame coming out…
Oil Prices Rebound as as Traders Reassess Iran Deal
Crude oil prices reversed much of the losses they suffered on Tuesday as traders sold, expecting a deal between Iran and the United States. Hours later, the wind of trader…
Santos to Axe 10 Pct of Workers after Decline in Annual Profit
Santos Ltd. is targeting a 10 percent headcount reduction after Australia’s second-biggest natural gas producer reported a slump in profit on lower oil and gas prices. The layoffs will include short-term…
