U.S. Energy Transition Accelerates as Renewables Surpass Coal and Gas

The National Outlook The U.S. energy transition is progressing rapidly, outpacing expectations. By the end of 2024, utility-scale wind and solar generation grew by 298.8 million megawatt-hours (MWh) since 2019,…

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…

Oil Drops Amid Rising US Crude Inventories, China – US Tariff War

Summary • Brent down 0.87%, WTI down 0.84%• U.S. crude stocks rose by 5 mln barrels in the week to Jan.31 – market sources• Trump clamp-down on Iran may support…

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…

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…

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…

NOW YOU KNOW: By the Numbers – US, Mexico, Canada, China Trade

By Karen Braun (Reuters) – A potential trade war between the United States and its two neighbors has been thwarted for now, though the U.S.-China status remains murky after both…

Oil Drips Amid Rising US Crude Inventories, Sino-US Tariff War

Summary • Brent down 0.87%, WTI down 0.84%• U.S. crude stocks rose by 5 mln barrels in the week to Jan.31 – market sources• Trump clamp-down on Iran may support…

Trump Mulls Revoking Loans From $400 Billion Clean-Energy Office

The Trump administration is exploring legal options to cancel loans issued under a $400 billion program to finance clean-energy technology as it considers overhauling the initiative, according to a person…

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.…