Oil & Gas

Justin Merriman | Bloomberg Creative Photos | Getty Images This year’s COP26 climate change conference must consign coal to the past, according to the U.K. lawmaker who will lead formal negotiations at the summit. In a wide-ranging speech delivered on Friday, COP26 President-designate Alok Sharma sought to emphasize the importance of ending international coal financing,

(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) The oil and gas markets witnessed significant excitement this past week, with the ongoing impact of the Colonial Pipeline cyberattack. Looking beyond the Colonial situation, however, one of Rigzone’s

US President Joe Biden speak about the Covid-19 response and the vaccination program in the State Dining Room of the White House on May 4, 2021. Nicholas Kamm | AFP | Getty Images WASHINGTON — President Joe Biden on Thursday cautioned Americans against the temptation to start “panic buying” fuel in the wake of a

(Bloomberg) — Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two people familiar with the transaction. The company paid the hefty ransom in untraceable

GERARD JULIEN | AFP | Getty Images Oil companies will increase their investment in renewables over the coming years but won’t become major investors in the technology that underpins the sector, according to a lead author of the International Energy Agency’s Renewable Energy Market Update. Speaking to CNBC’s “Street Signs Europe” on Tuesday, Heymi Bahar

During a White House press conference Tuesday, U.S. Secretary of Energy Jennifer Granholm said that she hopes Colonial Pipeline will be able to restore operation by week’s end. In a response to a reporter’s question about the feasibility of shipping fuel via rail cars to areas of the Southeast grappling with tight fuel supplies while

In this article AAA Las Vegas is the top road trip destination for Memorial Day travel in 2021, says AAA Travel. Hisham Ibrahim | Photographer’s Choice RF | Getty Images Travel looks set to continue its rebound during the upcoming Memorial Day weekend, which traditionally marks the start of the summer vacation season, with AAA

(Bloomberg) — Gas stations along the U.S. East Coast are starting to run out of fuel as North America’s biggest petroleum pipeline fights to recover from a cyberattack that has paralyzed it for days. From Virginia to Florida and Alabama, fuel stations are reporting that they’ve sold out of gasoline as supplies in the region

The DarkSide hacker gang that is reportedly responsible for the devastating Colonial Pipeline attack this weekend is a relatively new group, but cybersecurity analysts already know enough about them to determine just how dangerous they are. According to Boston-based Cybereason, DarkSide is an organized group of hackers set up along the “ransomware as a service”

(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) Last month the U.S. Census Bureau published results from the 2020 Census. The latest constitutionally mandated decennial count reveals that, as of April 1, 2020, the U.S. resident population

A member of President Biden’s Cabinet recently told oil companies what might happen to them if they fail to do something, and the admonition caught the attention of Rigzone’s downstream readership. Find out what the federal official said, along with other recent developments, in this recap of some of the most-viewed downstream-related articles from the

(Bloomberg) — Oil posted a gain this week as expectations for growing economic activity in nations from the U.S. to Europe fueled optimism around stronger summer demand. Futures in New York advanced 2.1% this week in the first back-to-back weekly increase since early March. Fuel sales in the U.K. rose to the highest since the pandemic again,

(Bloomberg) — Drive down any highway in the world and you’ll see countless reminders that the price of Big Oil’s primary product is rising. What’s less obvious is how the inflationary pressures from transport fuel are being amplified by another part of this sprawling industry — chemicals. The cost of the building blocks for everything

A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma. J. Pat Carter | Getty Images The economy is entering the right time in the economic cycle for investors to bet on oilfield services and equipment stocks like Halliburton and Baker Hughes, Barclays said

(Bloomberg) — Oil slipped below $69 a barrel as traders assessed an uneven recovery in global demand. Global benchmark Brent has struggled for momentum after failing to break above $70 a barrel on Wednesday. While major crude importer India is battling a record coronavirus wave that’s sapped economic activity, there are signs of rising oil

ConocoPhillips Co. signage is displayed on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Nov. 4, 2016. Michael Nagle | Bloomberg | Getty Images Higher oil prices and the potential for larger returns to shareholders makes ConocoPhillips a hard stock for investors to resist, according to Bank of

Total (NYSE: TOT) has revealed that the company has realized the first ship-to-containership Liquefied Natural Gas (LNG) bunkering operation in France. The business said the world’s largest LNG bunker vessel in operation, Total’s Gas Agility, completed on April 30, at the Port of Dunkirk, the refueling of the world’s largest containership powered by LNG, the CMA CGM

Oil tanks at an oil processing facility of Saudi Aramco, a Saudi Arabian state-owned oil and gas company, at the Abqaiq oil field. Stanislav Krasilnikov | TASS via Getty Images Oil giant Saudi Aramco reported a 30% jump in net income Tuesday, in a sign of a continued recovery from the previous year’s oil market

The board of directors of Velesto Energy Berhad has revealed that an incident involving its Naga 7 rig has occurred offshore Sarawak. The incident was said to have happened at a worksite due to rapid penetration into a formation on May 3 while operating for a client. Naga 7 tilted and subsequently submerged on May

In this article .SPNY Energy has gone from first to worst. Energy stocks sank Friday, ending April as the month’s worst-performing sector despite slightly stronger-than-expected earnings from oil giants Exxon Mobil and Chevron. It is nevertheless the top-performing sector for 2021, up nearly 30%. In an interview Friday with CNBC’s “Trading Nation,” Craig Johnson, senior