KNOT Offshore Partners Conducts Shuttle Tanker Asset Swap
KNOT Offshore Partners LP subsidiary KNOT Shuttle Tanker AS is trading shuttle tanker assets with Knutsen NYK Offshore Tankers AS, the company said Feb. 27.
Latest
NextDecade Plans 3 More Trains at Rio Grande LNG
Houston-based NextDecade continues to build the Rio Grande LNG Center in Brownsville, Texas, as its permits filed with the Federal Energy Regulatory Commission continue to go through the legal process.
EOG Resources to Begin Persian Gulf Wildcatting Onshore Bahrain
Multi-decade U.S. shale producer EOG Resources said it is confident the tight-gas resource is there and first gas will come online beginning in 2026.
US Drillers Add Oil and Gas Rigs for Fifth Week in a Row, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row for the first time since May 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by one …
US Drillers Add Oil and Gas Rigs for Fifth Week in a Row, Baker Hughes Says Read More »
US Crude Oil Production Rose to Record High in December, says EIA
(Reuters) – U.S. crude oil production rose to a record 13.491 million barrels per day in December, up from 13.314 million bpd in November and the prior all-time high of 13.436 million in October, the U.S. Energy Information Administration said in its Petroleum Supply Monthly report on Friday. Product supplied of crude oil and petroleum, …
US Crude Oil Production Rose to Record High in December, says EIA Read More »
Guyana VP Says Exxon’s Consortium Has Recovered $33.9 bln in Guyana
(Reuters) – A consortium led by U.S. major Exxon Mobil in Guyana had recovered at the end of January $33.9 billion of the $41.1 billion it has spent at its massive Stabroek offshore block, the country’s Vice President, Bharrat Jagdeo, told Reuters. Since it first found oil in Guyana a decade ago, the Exxon-led group …
Guyana VP Says Exxon’s Consortium Has Recovered $33.9 bln in Guyana Read More »
Energy Transition in Motion (Week of Feb. 28, 2025)
Here is a look at some of this week’s renewable energy news, including SMT Energy securing funding for a battery energy storage facility in Houston.
US Drillers Add Oil, Gas Rigs for Fifth Week in a Row
The oil and gas rig count rose by one to 593 in the week to February 28, its highest since June.
Queen’s Chess: Changing the Rules
There’s a popular response to the inexplicable: “I don’t know. I don’t make the rules.” But what is known with certainty, as shown throughout history, is that we can change them.
New Era Helium Signs NatGas Deal to Supply Data Center Campus Near Odessa
The AI data center project will be developed on 200 acres of land the Texas Critical Data Centers joint venture will be acquiring. The project is expected to be online by the end of 2026.