Last month, governments awarded 14 new oil and gas exploration licences across four countries, unlocking reserves that—if burned—would emit roughly 48.3 MtCO2. Read More…

The natural gas market continues to boom. Despite a short-term dip in domestic demand, monthly production continues at record levels and, year-to-date, LNG feedgas flows are averaging 2.5 Bcf per day higher than in 2024, according to data from Rystad Energy. Read more…

The U.S. Interior Department on Monday proposed rule changes to allow energy companies to more easily combine oil and gas output from multiple leases using the same well pad, which could save the industry as much as $1.8 billion per year, it said. Read More

The Brent crude oil price in our forecast averages $69 per barrel (b) this year, which is $3/b higher than in last month’s STEO, . . . Read More

Operators across the U.S. are proving that bigger budgets aren’t the only path to better returns. With smarter use of data, improved technology, and disciplined development, oil and gas producers are unlocking more value from every project – and that’s good news… Read More

Summer has officially arrived, bringing with it the potential for above-normal temperatures across large areas of the country through the end of June… Read More

Oil prices have risen strongly over the past week, analysts at Standard Chartered Bank, including the company’s commodities research head Paul Horsnell, said in a report sent to Rigzone by Horsnell late Tuesday. Read More

U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday.Read More

The first quarter of 2025 was one for the record books. Natural gas demand, production, and LNG feedgas deliveries set new monthly records between January and March… Read More

Trade tensions and uncertainties are causing volatility in financial markets, especially following the US’ announcement of tariffs on April 2, which led to significant equity price corrections… Read More