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Rigzone Recent News

1. Standard Chartered Looks at Geopolitical Risk in Oil

   'After jumping at geopolitical shadows and overreacting in 2022, the market has been more stoic in 2024 so far', Standard Chartered said.

2. Eni Sees Profit Nearly Halved YoY, Bumps Up Repurchase Plan

   Eni posted $1.3 billion in net income for the first quarter.

3. TotalEnergies Increases Profit to $5.7B despite Lower Gas Prices

   TotalEnergies' net income rose three percent YoY and 13 percent QoQ.

4. Pemex Ekes Out Profit as Production Falls

   Mexico's state-owned Pemex posted a profit of $274 million for Q1.

5. European Commission Warns Five States over RE, Electricity Rules Compliance

   The European Commission has issued fresh warnings to five member states over their purported shortcomings in adopting EU directives on renewable energy and the power market.

6. Repsol Acquires Stakes in Two Venezuela Fields

   Repsol signed a deal with PDVSA that adds two fields to its operations, which in the next few months are expected to produce 20,000 bpd.

7. Afentra Progresses Angola Stake Acquisition

   Afentra PLC has received approval from the Angolan government for the acquisition of a 12 percent non-operating interest in Block 3/05 and a 16 percent non-operating interest in Block 3/05A.

8. Oil Posts Weekly Gain as Market Tightens

   Oil rose this week amid signs of a tightening physical market while traders continue to assess lingering Middle East risks.

9. Sintana to Acquire Stake in Namibia Orange Basin Blocks

   The acquisition provides Sintana with 'an attractive entry into a high impact license with significant upside'.

10. Matador Boosts YOY Profit, Production in First Quarter

    The year-over-year increase is due not only to the Advance Energy acquisition that closed in April 2023 but also to increased production from new wells.