Rigzone Industry News

May and June are critical for oil fundamentals, analysts at Standard Chartered Bank said.

A group of HSBC Holdings Plc investors wants the bank to set a funding target for renewable energy.

The US Federal Trade Commission declined to challenge Exxon Mobil Corp.'s $60 billion purchase of Pioneer Natural Resources Co.

Oil settled little changed after swinging in a narrow range throughout the session, with a buildup in US stockpiles and a potential cease-fire in the Middle East suppressing a rebound from yesterday's sharp losses.

The lab will focus on converting biomass to fuels with lower greenhouse gas emissions, as well as on carbon capture and utilization using by-product industrial brines.

NOG's first-quarter production was 119,436 barrels of oil equivalent per day (boepd), an increase of 37 percent from the first quarter of 2023.

'This final rulemaking is the opposite of what is needed to create a durable and predictable permitting review process to unleash energy investment in America,' the API said.

'Norway is at the forefront of efforts to promote commercial CO2 storage'.

OPEC+ is expected to prolong oil output cuts into the second half of the year.

'We see Far West Texas power demand more than doubling by 2040 due to electrification trends and cryptocurrency mining growth,' EIR warned.