UK making progress but ‘falling short’ of Net Zero
The UK’s energy transition will deliver a cleaner and less expensive energy system but oil and gas will dominate across the next decade leading to Net Zero targets being missed…
Octopus Energy’s Profit Dips Due to Rising Costs and Falling Sales
ByCity A.M – Feb 05, 2025, 9:30 AM CST Profit has been slashed at Octopus Energy as rising costs and falling sales ate into its margin during the giant’s latest…
Iran Says Sanctions Destabilize Oil Markets
ByCharles Kennedy– Feb 05, 2025, 8:30 AM CST Unilateral sanctions against major oil-producing countries are threatening global oil and energy market stability and hurt consumers globally, Iran’s Oil Minister Mohsen…
Top EU Gas Storage Holders Discuss Easing Refilling Targets
ByTsvetana Paraskova– Feb 05, 2025, 7:30 AM CST A group of EU member states that have the largest natural gas storage capacity have held informal discussions about a potential easing…
OPEC+ Damocles Sword Hanging Over Shale Oil Producers
In a report sent to Rigzone by the Skandinaviska Enskilda Banken AB (SEB) team on Tuesday morning, Bjarne Schieldrop, chief commodities analyst at the company, said “the Damocles Sword of…
U.S. Clean Energy Firms Lobby Lawmakers to Keep Tax Credits
ByTsvetana Paraskova– Feb 05, 2025, 4:37 AM CST U.S. clean energy groups and hundreds of their member companies are beginning on Wednesday a series of meetings with members of Congress…
Equinor Cuts Renewable Energy Investments and Targets
ByTsvetana Paraskova– Feb 05, 2025, 6:40 AM CST Equinor is reducing its investments in renewables to boost returns for shareholders and adapt to an uneven energy transition, the Norwegian energy…
TotalEnergies Tops Q4 Profit Estimates on Strong LNG Trading
ByTsvetana Paraskova– Feb 05, 2025, 5:40 AM CST Strong LNG trading helped TotalEnergies (NYSE: TTE) book consensus-beating earnings for the fourth quarter of 2024 despite weakening refining margins and lower…
Rigzone President Talks Hiring Trends in Michael Berry Interview
In a radio interview with Michael Berry on The Michael Berry Show, which aired recently, Rigzone President Chad Norville highlighted some of the latest U.S. oil and gas hiring trends.…
Colombian President Cancels Oil Joint Venture With U.S. Company
ByIrina Slav– Feb 05, 2025, 3:30 AM CST Colombia’s president, Gustavo Petro, has canceled a joint venture between state energy company Ecopetrol and Occidental Petroleum on environmental concerns regarding hydraulic…
