Top Headlines, Shell and ConocoPhillips in $9.5B Permian Deal and More
Here are some of Rigzone's top stories during the last week, just in case you missed them...
Oil Closes On Five Week Win Streak
Oil rose for the fifth straight week with the global energy crunch set to boost demand for crude as stockpiles decline from the U.S. to China.
Interior Secretary Haaland Hints at Fossil Fuel Extraction Limits
Interior Secretary Haaland suggested a sharply limited role for fossil fuel extraction on U.S. federal lands and waters in her most expansive comments yet on the administration's overhaul of oil and gas leasing.
Vitol Sees Oil Jumping to $80+
Vitol Group, the world's biggest independent oil trader, expects global crude demand to climb by an extra half a million barrels a day this winter.
Oil Market Cherry Picking USA Inventory Data
Rigzone's regular market watchers take a closer look at U.S. inventory data, Shell and ConocoPhillips' major Permian deal, Covid developments and more.
Biden Eyes Biofuel Cut
The Biden administration is preparing to propose cutting biofuel quotas for 2020 and 2021, according to several people familiar with the matter.
CNOOC Flows First Oil From Bozhong 19-4 Oilfield
CNOOC Limited starts production from Bozhong 19-4 oilfield comprehensive adjustment project.
Shell Sheds Egypt Onshore Assets Days After Permian Exit
Shell has completed the sale of upstream assets in Egypt’s Western Desert to a consortium of Cheiron Petroleum and Cairn Energy subsidiaries.
BSEE Releases Final Hurricane Ida Report
The Bureau of Safety and Environmental Enforcement (BSEE) has released its final update on evacuation and shut in production statistics for Hurricane Ida.
TMC To Supply Sangomar FPSO With Compressor Systems
TMC Compressors will supply the marine compressed air system for Woodside’s Sangomar FPSO.