By What Would a New Iran Nuclear Deal Mean for the Oil Price?
What Would a New Iran Nuclear Deal Mean for the Oil Price?
Monday April 21, 2025 – Rigzone talks to Caleb Jasso, a senior policy advisor at the Institute for Energy Research, and Ellen R. Wald, the president of Transversal Consulting.
LATEST
Uniper Signs Up for 2 MMtpa of LNG from Woodside
Woodside will deliver 1 MMtpa from Louisiana LNG and the remaining half from its global portfolio.
11:07 AM EST | April 21, 2025
North America Loses Rigs for 7 Straight Weeks
North America dropped two rigs week on week, according to Baker Hughes’ latest North America rotary rig count.
10:30 AM EST | April 21, 2025
Valero Mulls Shutdown of California Refinery, Books $1.1B Impairment
Valery said it may end fuel production at its Benicia refinery next year and is evaluating ‘strategic alternatives’ for its assets in California.
10:27 AM EST | April 21, 2025
Oil Traders Lurch From Praying for Volatility to Drowning in It
Until recently, oil traders complained that it was almost impossible to wring profits out of a listless and rangebound crude market.
10:00 AM EST | April 21, 2025
Santos Posts $1.3B Sales Revenue for Q1
That was down 8 percent from the prior three-month period as lower natural gas prices offset an increase in gas sales volumes.
9:27 AM EST | April 21, 2025
Equinor Halts Construction of NY Wind Project
Empire received a notice from the Bureau of Ocean Energy Management (BOEM) ordering the company to halt all activities on the outer continental shelf until the agency completed its review.
9:00 AM EST | April 21, 2025
What Will the USA Diesel Fuel Price Be in 2025 and 2026?
In its April STEO, the EIA highlighted that the U.S. on-highway diesel fuel price averaged $3.63 per gallon in the first quarter of 2025.
7:15 AM EST | April 21, 2025
BW Energy Makes FID on Golfinho Boost Project Offshore Brazil
The $107 million project includes multiple measures aimed at boosting production efficiency and increasing recoverable reserves by approximately 12 million barrels.
7:00 AM EST | April 21, 2025
Spain Gets European Commission Approval for $455MM Hydrogen Aid Scheme
‘The approved scheme will support construction of up to 345 megawatts of installed electrolyzer capacity, and the production of up to 221,000 tonnes of renewable hydrogen in Spain’.
5:03 AM EST | April 21, 2025
What Would a New Iran Nuclear Deal Mean for the Oil Price?
Rigzone talks to Caleb Jasso, a senior policy advisor at the Institute for Energy Research, and Ellen R. Wald, the president of Transversal Consulting.
4:20 AM EST | April 21, 2025
North America Loses Rigs for 7 Straight Weeks
North America dropped two rigs week on week, according to Baker Hughes’ latest North America rotary rig count.
10:30 AM EST | April 21, 2025
Oil Traders Lurch From Praying for Volatility to Drowning in It
Until recently, oil traders complained that it was almost impossible to wring profits out of a listless and rangebound crude market.
10:00 AM EST | April 21, 2025
What Would a New Iran Nuclear Deal Mean for the Oil Price?
Rigzone talks to Caleb Jasso, a senior policy advisor at the Institute for Energy Research, and Ellen R. Wald, the president of Transversal Consulting.
04:20 AM EST | April 21, 2025
Carney, Poilievre Scrap Over Energy and Housing in Canada Debate
Carney’s Liberals lead by several percentage points in most polls.
08:00 AM EST | April 19, 2025
Liberty Energy Sees USA Oil Activity Holding Firm With Prices Above $60
Liberty Energy Inc., one of the biggest U.S. fracking companies, expects most producers to stick with their production plans as long as crude prices can hang on near current levels.
10:00 AM EST | April 18, 2025
How Low Can Oil Go? Heritage Foundation Talks to Rigzone
Rigzone talks to Diana Furchtgott-Roth, Director of the Center for Climate, Energy, and the Environment at The Heritage Foundation.
06:53 AM EST | April 18, 2025
UK Industry Body Invites Public to Join Live Debates
‘These debates offer a valuable opportunity to ask questions, hear diverse viewpoints, and engage directly with those influencing the country’s energy landscape’, OEUK said.
06:04 AM EST | April 18, 2025
Trump Moves to Levy Chinese Vessels in Widening Trade War
The Trump administration took steps to impose levies on Chinese vessels docking at U.S. ports.
04:16 AM EST | April 18, 2025
Oil Surges Amid Iran Sanctions
Oil prices surged nearly 4%, driven by US sanctions tightening pressure on Iran’s energy exports.
03:59 PM EST | April 17, 2025
USA EIA Boosts Henry Hub Natural Gas Price Forecasts
The U.S. Energy Information Administration increased its Henry Hub natural gas spot price forecast for 2025 and 2026 in its latest short term energy outlook.
10:45 AM EST | April 17, 2025
ReconAfrica, ANPG Ink Angola Cooperation Deal
‘Our regional geological models indicate that the promising Fold Belt play, known for hosting some of the world’s largest fields and covering extensive areas, likely extends into Angola’.
02:30 AM EST | April 21, 2025
TGS Expands its Mauritania 3D Seismic Library
Energy data and intelligence provider TGS has expanded its multi-client data library offshore Mauritania.
10:19 AM EST | April 17, 2025
United Oil Secures Two-Year Extension for Jamaican Asset
United said it has resumed talks with selected parties who had previously expressed interest before the farm-out process was suspended in December 2024.
03:36 AM EST | April 17, 2025
DOI Announces ‘Significant Increase’ in Estimated Gulf OCS O&G Reserves
The U.S. Department of the Interior announced a ‘significant increase in estimated oil and gas reserves in the Gulf of America Outer Continental Shelf’.
10:56 AM EST | April 16, 2025
BP Announces Oil Find in Deepwater US Gulf
BP announced ‘an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America’.
10:53 AM EST | April 15, 2025
OGDCL Reports Third Gas and Condensate Discovery at Spinwam-1 Well
The Pakistani company said the discovery had been made in the well’s Hangu formation.
03:21 AM EST | April 7, 2025
Kumul Wraps Up Kimu, Barikewa Seismic Program
Papua New Guinea’s national oil company expressed commitment to exploring and potentially commercializing previously deemed unviable gas resources in the country.
03:25 AM EST | April 3, 2025
CNOOC Makes ‘Major’ Oil and Gas Discovery in South China Sea
The Huizhou 19-6 field has now been shown to have over 100 million metric tons of oil equivalent of proven in-place volumes.
04:37 AM EST | March 31, 2025
DNO Announces ‘Important’ Oil, Gas Discovery in North Sea
‘We are on a hot streak in Norway’, DNO Executive Chairman Bijan Mossavar-Rahmani said.
09:07 AM EST | March 27, 2025
MOL Discovers Oil in Western Hungary
According to the results, the well located in the Somogysámson oilfield is capable of producing 1,200 barrels per day.
08:00 AM EST | March 24, 2025
CNOOC Starts Production at Wenchang 9-7 Oilfield Development Project
China National Offshore Oil Corporation Limited commenced production at the Wenchang 9-7 Oilfield Development project in the western Pearl River Mouth Basin.
05:00 PM EST | April 15, 2025
Malaysia, Vietnam to Extend Agreements on Border Fields
Petronas and Petrovietnam agreed to extend their production sharing contract and gas sales agreement for the PM3 Commercial Arrangement Area for another 20 years.
06:35 AM EST | April 11, 2025
Shell Starts Production at Dover in US Gulf
Dover, discovered 2018 in the deepwater Norphlet play, produces up to 20,000 boed.
11:19 AM EST | April 9, 2025
Shell Cuts Gas Output Guidance on Unplanned Maintenance
Shell Plc sees lower natural gas production and LNG volumes in the first quarter of 2025 than previously expected.
04:00 PM EST | April 7, 2025
Saudis Slash Oil Prices to Asia After Surprise Output Hike
Aramco will lower Arab Light crude to its biggest buyers in Asia by $2.30 a barrel for May.
02:30 AM EST | April 7, 2025
Kenya Extends Oil Import Deal with Gulf Oil Giants through 2027
Kenya has renewed a contract to purchase fuel on credit from three state-owned Gulf firms by 24 months and renegotiated lower margins.
07:00 AM EST | April 5, 2025
BP, Repsol Start Production at Cypre Gas Project in Trinidad
The field, part of 10 projects that BP aims to start up between 2025 and 2027, is expected to deliver about 250 MMscfd of gas at peak.
05:01 AM EST | April 3, 2025
Buru Brings on CEFA to Co-Develop Rafael Gas Project in Australia
Buru executed a Strategic Development Agreement with Clean Energy Fuels Australia to co-develop the Rafael gas project.
03:15 AM EST | April 3, 2025
Johan Castberg Goes Onstream
Johan Castberg, the third field developed on Norway’s side of the Barents Sea, will raise the Nordic country’s oil production capacity by 220,000 bpd at peak.
01:28 AM EST | April 2, 2025
BP Advances Gas Development in Trinidad and Tobago
Ginger will become bpTT’s fourth subsea project and will include four subsea wells and subsea trees tied back to bpTT’s existing Mahogany B platform.
08:00 AM EST | April 1, 2025
Energean Signs $2B Agreement to Supply Gas to Kesem Energy
The contract is for the supply of gas to Kesem’s new power plant in HaMerkaz, Israel, which is estimated to be operational before the end of the decade.
03:33 AM EST | April 21, 2025
Naftogaz Wins Court Order to Enforce Crimea Claims in France
A French court allowed Naftogaz to seize Russian assets in French territory as part of the Ukrainian oil and gas company’s international efforts to realize a $5 billion arbitral award.
03:00 AM EST | April 21, 2025
US Energy Expands Carbon Capture Assets With New Acquisition
U.S. Energy Corporation strengthened its industrial gas and carbon capture platform in Montana by acquiring a privately held company for $0.2 million.
08:00 AM EST | April 20, 2025
Atlas Professionals Secures Crew Management Contract from Noble Corporation
Atlas Professionals B.V., a global recruitment and HR services company, has secured a Crew Management contract from Noble Corporation.
10:26 AM EST | April 18, 2025
BP Chairman Lund Re-Elected to Board Despite Protest Vote
BP Plc’s outgoing Chairman Helge Lund was re-elected to the company’s board amid a sizable protest vote.
10:00 AM EST | April 17, 2025
APA Corp Makes Leadership Changes, Names Ben Rodgers as CFO
APA Corporation recently made changes to its executive leadership team.
11:31 AM EST | April 16, 2025
Nabors Extends Corva Co-op to Advance Drilling’s Digital Transformation
Nabors Drilling Technologies has extended its strategic alliance with Corva AI aiming to expedite the digital transformation in the drilling industry.
11:15 AM EST | April 15, 2025
US DOE Makes First HALEU Commitments to Five Nuclear Developers
The U.S. Department of Energy shortlisted five U.S. nuclear developers who could receive high-assay low-enriched uranium (HALEU) to meet their near-term fuel needs.
10:56 AM EST | April 14, 2025
Abu Dhabi’s Adnoc Said to Weigh Bid for $9B Aethon Assets
Adnoc has been among the most active dealmakers globally over the past year, buying assets from the US and Europe to Africa.
03:51 AM EST | April 14, 2025
Perenco Completes CCS Injection Test in UK North Sea
The test involved the injection of CO2 into a depleted natural gas reservoir in the UK’s Southern North Sea.
03:42 AM EST | April 14, 2025
Santos Posts $1.3B Sales Revenue for Q1
That was down 8 percent from the prior three-month period as lower natural gas prices offset an increase in gas sales volumes.
09:27 AM EST | April 21, 2025
BW Energy Makes FID on Golfinho Boost Project Offshore Brazil
The $107 million project includes multiple measures aimed at boosting production efficiency and increasing recoverable reserves by approximately 12 million barrels.
07:00 AM EST | April 21, 2025
Vista Acquires Stake in Unconventional Asset in Vaca Muerta, Argentina
‘With this acquisition we gain significant scale in Vaca Muerta with a premium block that has growing production and low operating costs’.
10:00 AM EST | April 18, 2025
USEDC Acquires 20,000 Acres in Permian Basin
USEDC said it plans to run a dedicated drilling rig on the acquired acreage.
10:00 AM EST | April 18, 2025
Fracker Liberty’s Profit Falls to 3-Year Low as Oil Slumps
Shale fracker Liberty Energy Inc. posted its worst earnings in three years.
05:00 PM EST | April 17, 2025
Trio Closes Acquisition of Heavy Oil Assets from Novacor
Trio Petroleum Corp. has closed its acquisition of certain petroleum and natural gas properties held by Novacor Exploration Ltd. in the prolific heavy oil region of Lloydminster, Saskatchewan.
02:16 AM EST | April 16, 2025
Phillips 66 Gears Up for Proxy Fight Against Elliott
‘Elliott seeks rapid, irreversible change in pursuit of an unrealistic thesis – and risks halting the momentum on our long-term value-creating strategic plan’.
07:40 AM EST | April 15, 2025
BP Warns of Rising Debt Amid Lower Output, Weak Gas Trading
BP Plc said debts mounted in the first quarter.
08:00 AM EST | April 12, 2025
Mubadala Secures Its First Gas Production, Export Assets in US
Kimmeridge will give the UAE sovereign investor stakes in the Eagle Ford and the planned Commonwealth LNG.
10:30 AM EST | April 11, 2025
Equinor Consolidates Power Assets into New Segment
The Norwegian integrated energy company said the change will better position it to capitalize on growing electricity demand.
08:10 AM EST | April 11, 2025
Equinor Halts Construction of NY Wind Project
Empire received a notice from the Bureau of Ocean Energy Management (BOEM) ordering the company to halt all activities on the outer continental shelf until the agency completed its review.
09:00 AM EST | April 21, 2025
Spain Gets European Commission Approval for $455MM Hydrogen Aid Scheme
‘The approved scheme will support construction of up to 345 megawatts of installed electrolyzer capacity, and the production of up to 221,000 tonnes of renewable hydrogen in Spain’.
05:03 AM EST | April 21, 2025
Latin America’s Largest Solar Plant With Battery Storage Commissioned
ContourGlobal commissioned the Quillagua plant, located in the municipality of María Elena, in the Antofagasta region of Chile.
02:00 PM EST | April 14, 2025
RE, Nuclear Generation Breached 40 Percent Last Year: Think Tank
‘The global energy transition is no longer a question of if, but how fast’.
08:31 AM EST | April 10, 2025
Britain Utility Regulator Opens Applications for New LDES Investment Scheme
The scheme seeks to produce the first so-called long-duration electricity storage facilities in Britain in 40 years by easing hurdles such as high costs.
07:17 AM EST | April 10, 2025
Norway State Fund Invests in RWE Wind Projects Offshore Denmark, Germany
Norges Bank Investment Management signed an agreement with RWE to acquire a 49 percent stake in the German utility’s Nordseecluster and Thor offshore wind projects in Germany and Denmark respectively.
09:48 AM EST | April 4, 2025
TotalEnergies Completes Multiple RE Asset Acquisitions
‘The completion of these three acquisitions in Europe, North America and Africa will contribute to our targets of 35 GW of gross renewable capacity by 2025 and over 100 TWh of electricity production by 2030’.
06:14 AM EST | April 4, 2025
Repsol Brings Schoders Greencoat as Partner in 400 MW Renewables Portfolio
Schroders Greencoat acquired a 49 percent share in a portfolio of eight wind farms and two solar facilities in Spain.
07:00 AM EST | March 30, 2025
TotalEnergies Invests $172 Million in 6 German Battery Storage Projects
The projects have a combined capacity of 221 MW.
09:15 AM EST | March 28, 2025
Eni Starts Building 90 MW Solar Plant in Spain
Expected to be completed this year, the La Flota project will be able to produce 185 gigawatt hours a year.
08:47 AM EST | March 26, 2025
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