Oil & Gas

A wind turbine and coal in Lower Saxony, Germany. The EU’s desire to wean itself off Russian hydrocarbons means it will need to find fossil fuels from other parts of the world to plug supply gaps. Mia Bucher | Picture Alliance | Getty Images The European Commission has fleshed out details of a plan to

BlackRock Inc. told Texas it’s committed to helping clients invest in the energy industry, rebutting suggestions by state officials that the firm boycotts fossil-fuel companies through its advocacy for sustainable investing. The world’s largest asset manager oversees about $310 billion of investments in energy firms worldwide, including more than $115 billion in Texas companies, BlackRock

Consumers are already feeling pinched at the pump with gas prices at record levels, and it could be about to get worse, according to JPMorgan. The firm forecasts the national average surging above $6 come August, topping out at $6.20 for a gallon of regular gasoline. If these prices come to fruition, JPMorgan said it

Seismic player CGG announced today that Sercel, its sensing and monitoring division, has acquired Geocomp Corporation, which specializes in high-value services and products for geotechnical risk management and infrastructure monitoring. With CGG continuing to accelerate its development of a portfolio of unique technologies focused on rapidly growing Beyond the Core markets, this acquisition gives Sercel

As the summer driving season nears, gasoline prices show no signs of slowing down. The national average for unleaded gas hit a new high of $4.59 per gallon Thursday, according to AAA. For the first time ever, the average price was $4 per gallon or above in all 50 states this week, AAA data shows. Last year at

Oil rose in a choppy trading session as equity markets pared losses, shrugging off concerns of an economic recession. West Texas Intermediate settled near $112 a barrel after trading in a $7 range on Thursday. Earlier, investors shied away from equities after Federal Reserve officials reaffirmed much tighter monetary policy lies ahead to cool an

A woman rides an electric bike past a gas station as current gasoline prices continues to climb close to record setting territory in Encinitas, California, May 9, 2022. Mike Blake | Reuters U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago, according to Yardeni Research.

Oil fell to the lowest in nearly a week amid a broader market selloff while additional coronavirus outbreaks in China dampened crude’s demand outlook.  West Texas Intermediate settled below $110 a barrel after earlier rising to above $115. Beijing reported more new cases on Tuesday while Tianjin’s Binhai area put another area under lockdown. The

High gas prices at stations in Garden Grove, California, on Monday, March 7, 2022. Jeff Gritchen | Medianews Group | Getty Images California’s state average for a gallon of gas has surged above $6, making fuel in the Golden State the most expensive across the U.S. The average price at the pump in California hit

TotalEnergies and Ørsted have formed a partnership to bid for two Dutch offshore wind tenders in the Holland Coast West round. The project aims to achieve a net positive impact on biodiversity and the Dutch energy system. The Holland Coast West wind farms are located approximately 32 miles off the Dutch coast and have a combined

The Technology and Innovation Centre’s Scottish Low Carbon Power and Energy Partnership (TIC LCPE), a research program bringing together academia and industry to address renewable energy challenges, and funded by ScottishPower and SSE, has been extended into its tenth year. TIC LCPE links technical expertise from the University of Strathclyde to the low carbon energy

California’s carbon market was supposed to be a model for the US, harnessing the power of capitalism to fight climate change in the world’s fifth-biggest economy. But nearly 10 years after “cap and trade” began, there’s little proof the system has had much direct impact on curbing planet-warming pollutants. California has seen big cuts in

Here are some of Rigzone’s top stories during the last week, just in case you missed them… Massive Heerema Thialf Vessel To Start Kinsale Head Removal Heerema’s semi-submersible crane giant Thialf is set to kick off the Kinsale Head platform removal campaign for PSE Kinsale Energy in May. Read full article here OPEC Kingpins Sound

Societe Generale’s global head of economics, Kokou Agbo-Bloua, explains why the firm is changing up the traditional 60/40 portfolio. Bonds are usually seen as a safer investment than stocks and investors use them to balance the risk in their portfolios — traditionally with a 60% equity and 40% bond split. But both bonds and stocks

A subsidiary of the Malaysian state-owned oil and gas company Petronas has announced the execution of a new 20-year Sales and Purchase Agreement (SPA) for the purchase of 1 million tons per annum of LNG from Venture Global’s Plaquemines LNG facility. With this agreement, Venture Global has now announced 20-year sales for 16 MTPA of

Goldman Sachs has listed a number of buy-rated stocks it says have strong fundamentals and above-average returns, which investors could gravitate to in an uncertain market. The analysts’ picks are companies it expects to reduce greenhouse gas emissions, as investors become increasingly focussed on the issue. “Investor focus will heighten towards those companies able to

Oil managed a slim gain with the IEA highlighting the precariously tight state of global fuel stockpiles, while the EU signalled its members may not yet be able to agree on a Russian oil ban.  West Texas Intermediate settled near $106 after fluctuating for most of the session on Thursday. European Union nations say it

Members of the environmental group Just Stop Oil blockade a BP petrol station in London on April 28, 2022. The activist group is calling for the U.K. government to commit to halting new fossil fuel licensing and production. Kristian Buus | In Pictures | Getty Images LONDON — Some of the world’s largest corporate emitters

Oil rallied as the European Union continued to haggle with holdouts over a Russian crude ban while a US government report showed fuel inventories plunging ahead of the summer driving season. West Texas Intermediate futures rebounded over $5 on Wednesday, halting a two-day slide in which futures shed more than $10.  On Wednesday, Hungary said

The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Gasoline prices surged to the highest level on record Tuesday as oil holds steady above $100 a barrel, contributing to inflationary pressures across the