Newly released data from the Texas Workforce Commission (TWC) indicates that upstream oil and natural gas employment grew by an additional 2,200 jobs in October, the Texas Oil & Gas Association (TXOGA) noted in a statement sent to Rigzone recently.
Brent crude futures rose 14 cents, or 0.17%, to US $82.59 a barrel by 0800 GMT. U.S. West Texas Intermediate crude futures rose 13 cents, or 0.17%, to US $77.90
Chinese refiners face weaker domestic margins and are grappling with limited fuel export quotas.
The costs of decommissioning oil and gas platforms in the UK’s North Sea could overtake capital expenditure in the industry by 2040, a new report from Offshore Energies UK has suggested.
The Federal Government has warned gas producers to stop discouraging awardees in the gas flare commercialisation programme from embarking on the project
FPSO leasing specialist firm MODEC and drone firm Terra Drone have signed a Memorandum of Understanding for the technical development of inspection drones for floating production, storage, and offloading systems.
TotalEnergies has completed today the sale to Suncor of the entirety of the shares of TotalEnergies EP Canada Ltd., comprising notably its participation in the Fort Hills oil sands asset and associated midstream commitments. The consideration for the transaction is C$1.47 billion (about US$1.1 billion), with an effective date on April 1st, 2023. Including adjustments, TotalEnergies received a cash payment at closing of C$1.83 billion (about US$1.3 billion).
Fifty years after the Trans-Alaska Pipeline, U.S. energy independence is threatened by attacks on resource development projects.
Europe’s gas storage is full, but rising winter demand and Asian market competition could drive prices up.
Oil markets are now fully focused on the upcoming OPEC+ meeting, with reports that the group may deepen cuts being counteracted by an apparent lack of unity amongst OPEC members on the issue.