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Rigzone Recent News

1. Analysts Believe Oil Market Is Underpricing Risk

   Analysts at Standard Chartered said they think geopolitical risk in oil has escalated significantly.

2. Woodside Logs Lower Quarterly Revenue as Output, Prices Fall

   Woodside posted a lower quarterly revenue of $3 billion as selling prices and production and sales volumes fell.

3. Canada Needs Further Pipeline Expansion: Tamarack CEO

   Tamarack Valley Energy CEO Brian Schmidt sees a need for even more export capacity in the long run as drillers ramp up output from newer fields.

4. Canacol Makes Second Gas Discovery in Weeks in Colombian Basin

   Canacol found 123 feet of net gas payzone in the Chontaduro 1 well.

5. Europa Oil & Gas Revenue Hit by Wressle Shutdown

   Europa Oil & Gas posted a revenue of $1.7 million for the six months to January 2024.

6. European Gas Options-Buying Jumped During Recent Price Swings

   Intense swings in European natural gas prices have prompted traders to pile into options contracts.

7. Oil Swings Amid Rising Iranian Threats

   Oil fluctuated as markets weighed Iran's threats on Israeli nuclear sites against a stronger US dollar.

8. NG Energy Inks More Long-Term Agreements for Colombia Production

   The company has now sold approximately 14.8 million cubic feet per day of production under long-term natural gas sales contracts.

9. US Confirms Reimposition of Oil Sanctions against Venezuela

   Washington will not renew a reprieve issued to Caracas for oil and gas activities, accusing the Maduro regime of reneging on a commitment to upholding fair elections.

10. USA Commercial Crude Oil Inventories Rise

    Crude oil stocks in the U.S., not including the SPR, stood at 460.0 million barrels on April 12.