International Archives

Europe Pushes for Nuclear Revival Amid Energy Crisis

At a recent summit in Brussels, key figures from pro-nuclear European nations and energy specialists advocated for a resurgence of nuclear energy....

The head of the world's largest energy company urged the world to accept the reality that oil and gas will be around for a long time.

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‘We should abandon the fantasy of phasing out oil and gas’: Saudi Energy CEO

Story By Kyle Bakx | CBC News |The head of the world’s largest energy company on Monday urged the world to accept...

Saudi Arabia’s government transferred a further $164 billion stake in Aramco to the Public Investment Fund (PIF), which now holds a 16% stake.

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Saudi Arabia Moves $164B Aramco Stake to Wealth Fund

In 1951 Aramco found the first offshore oil field in the Middle East. In the 1970s and ’80s, control gradually passed to the...

Brazil’s natural gas imports fell to a 20-year low last year, to 6.5 billion cubic meters, or 228 billion cubic feet, as it boosts renewables

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Brazil’s Natural Gas Imports Fall to Lowest Level In 20 Years Thanks to Hydro Push

Story By Julianne Geiger | OilPrice.com | Brazil’s natural gas imports fell to a 20-year low last year, according to data from...

North America signed the most long-term contracts for the export of liquified natural gas (LNG) in 2023, the region penned 21 deals last year.

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GlobalData Says North America Leads Long Term LNG Contracts

A Story By Andreas Exarheas | RigZone.com | North America signed the most long-term contracts for the export of liquified natural gas (LNG) in 2023,...

Saudi Aramco nixed a plan to boost its oil output capacity, a huge reversal raising questions about the kingdom’s view on future oil demand.

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Aramco Drops Plan to Boost Oil Output Capacity

By Rakteem Katakey |Bloomberg, via RigZone.com| Saudi Aramco abandoned a plan to boost its oil output capacity in a huge reversal that...

Xeneta analysts suggest ocean freight shipping rates are set to increase further in early February amid the ongoing Red Sea crisis.

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Ocean Freight Shipping Rates Set to Rise Further

Story By Andreas Exarheas | RigZone | In a release sent to Rigzone late Tuesday, Xeneta said its latest data forecasts ocean...

U.S. and its allies conducted an additional round of proportionate and necessary strikes against eight Houthi targets in Yemen.

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USA and UK Conduct More Houthi Strikes

STORY BY: Andreas Exarheas |RigZone| The militaries of the U.S. and UK – at the direction of their respective governments, with support...

Drought in the Panama Canal is eating into US petroleum exports to Latin America’s Pacific coast, according to analysts.

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Panama Canal Drought Weighs on US Product Flows

The Panama Canal is of immense strategic importance to crude oil shippers significantly reducing the voyage time for oil tankers traveling between...

The recent chaos in the Red Sea, due to attacks by Iran-backed Houthi rebels, has significantly disrupted international shale oil shipping routes.

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Red Sea Turmoil: A Boon for U.S. Shale as Global Oil Dynamics Shift

The recent chaos in the Red Sea, primarily due to attacks by Iran-backed Houthi rebels, has significantly disrupted international oil shipping routes....

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