Shale Operators Defy $60 Oil to Keep Increasing Production

By and A pumpjack and drill rig over an oil well in the Permian Basin near Midland, Texas. Photographer: Daniel Acker/Bloomberg Get the Latest US Focused Energy News Delivered to…

Petrobras Hikes Dividend as Production Surge Offsets Lower Oil Prices

Petrobras will be paying higher dividends for the third quarter compared to the second quarter as production and earnings jumped sequentially, the Brazilian state-owned oil giant said. Petrobras booked a…

China’s Crude Imports Jump as Other Commodity Purchases Falter

Amid the highest Chinese refinery throughput so far this year, China’s crude oil imports jumped in October by 8.2% from a year earlier and by 2.3% month-on-month, while purchases of…

Hungary Makes Historic Switch to American Nuclear Fuel

Hungary will buy U.S. nuclear fuel for the first time to use at a Russia-built nuclear power plant in the country, Hungarian Foreign Minister Peter Szijjarto said ahead of a…

Oil Market Appears ‘Torn’

The oil market appears “torn”. That’s what Standard Chartered Bank Energy Research Head Emily Ashford outlined in a report sent to Rigzone by the Standard Chartered team this week, which…

  • Gas
  • November 7, 2025
Petronas receives Malaysia offshore CCS permit

A subsidiary of multinational oil and gas firm Petronas has been granted an offshore assessment permit for carbon capture and storage (CCS) in the Duyong area of Malaysia. The Malaysia…

  • Gas
  • November 7, 2025
Greek project to showcase first end-to-end CO2-to-fuel system at refinery

A new European project will bring together 16 partners from eight countries to demonstratehow advanced carbon capture and utilisation technologies can turn industrial CO2 emissions into clean fuels. The four-year…

Oil Heads for Second Weekly Loss on Lingering Oversupply Concerns

Summary U.S. crude stocks rose more than expected last week Private reports suggest U.S. labour market weakened in October Gunvor withdraws proposal to buy Lukoil’s overseas assets (Reuters) – Oil…

U.S. Shale Producer EOG Resources Beats Third-Quarter Profit Estimates

Meanwhile, oil and gas production in the U.S. rose to record highs in August, data from the Energy Information Administration showed. Get the Latest US Focused Energy News Delivered to…

Oil Prices Set to Extend Losing Streak as Floating Storage Soars

Crude oil prices were on course for another weekly decline today as worries about a supply overhang deepened amid reports of record crude oil volumes going into floating storage and…