The latest oil and gas news from around the world.
Updated: 21 min 31 sec ago
Trump Targets Billions in Energy Grants for New Round of Audits
Energy Secretary Chris Wright is ordering the stepped-up scrutiny.
Egypt in Talks to Buy LNG Through 2030 to Offset Weak Production
Egypt is looking to buy liquefied natural gas through the end of the decade.
Oil Rises as Iran Talks Stall
Oil prices rose after Iran downplayed progress in nuclear talks with the US.
Phillips 66 Sells Majority Stake in German, Austrian Retail Unit
Phillips 66 will retain a non-operated 35 percent stake and continue supplying the retail sites through a German refinery.
Natural Gas Retreats Amid Repeated Substantial Injections, EBW Analyst Says
'In our view, the bullish impulses of the gas market may prove correct - but are just early', Eli Rubin, an energy analyst at EBW Analytics Group, said.
Company Founded by Trump's Energy Chief Predicts a Shale Slowdown
Liberty Energy Inc., the oil services company founded by U.S. Energy Secretary Chris Wright, is gearing up for a slowdown in shale drilling in the second half of the year.
DOE Cuts Off $89MM Harvard Grant amid Stand-Off with Trump
Harvard lost about $89 million more in federal funding, this time from the DOE, as the university defies demands from the Trump administration over its purported inaction on campus antisemitism.
USA Crude Oil Inventories Rise by 3.5MM Barrels Week on Week
Crude oil stocks, not including the SPR, stood at 441.8 million barrels on May 9, the EIA's latest weekly petroleum status report showed.
Legislation for Great British Energy Passes Through Parliament
'Great British Energy comes from a simple idea - British people should own and benefit from our own natural resources', UK Energy Secretary Ed Miliband said.
First Nations to Acquire Stake in Enbridge's BC Pipeline
Enbridge and a partnership of 36 BC First Nations inked a deal for the Indigenous groups to acquire a 12.5 percent ownership in a 3.6-Bcfd natural gas pipeline.
Philippines Charts Ambitious Plan to Export Green Power
'It's not only Taiwan that has approached us but other countries in anticipation of excess capacity in renewable energy'.
Eni Starts Gas Production in Merakes East offshore Indonesia
Eni expects the field to deliver net gas production of 100 MMscfd or about 18,000 boed.
IEA Says Global Oil Demand Growth to Slow For Rest of 2025
Faltering consumption threatens a further blow to oil prices.
Oil Slips as Trump Eyes Iran Deal
Demand concerns and rising OPEC+ output continue to pressure prices.
Kimmeridge, Mubadala to Grow Gas Cooperation
Kimmeridge concurrently announced its expansion into the Middle East with the launch of an office in Abu Dhabi's financial center.
Baltic Neighbors Renew Commitment to EU Energy Integration
The European Commission and the Baltic Energy Market Interconnection Plan group signed a new MOU to intensify efforts to create a more unified energy market.
EIA Raises USA Diesel Price Forecasts
In its latest short term energy outlook, the EIA raised its U.S. on-highway diesel fuel price forecast for 2025 and 2026.
Russia Oil Export Revenue at Lowest Since 2023 as Prices Slump
The price of the Brent benchmark is more than 14 percent down so far this year.
Oil Prices Have Risen Strongly Over the Past Week
Oil prices have risen strongly over the past week, analysts at Standard Chartered Bank said in a report sent to Rigzone late Tuesday.
INEOS Declares Milestone for Europe with Launch of CO2 Carrier
INEOS and its Project Greensand partners expect the ship and the other CCS components to become fully operational by the end of 2025 or early 2026.
