The latest oil and gas news from around the world.
Updated: 10 min 29 sec ago
Trump Authorizes 25 Pct 'Secondary' Tariff on Venezuela Oil Buyers
President Donald Trump on Monday issued an order allowing a 25 percent tariff to be imposed on any nation purchasing oil and gas from Venezuela.
Trump Vows 25 Pct 'Secondary' Tariff on Buyers of Venezuela Oil
President Donald Trump on Monday threatened a 25 percent tariff on any nation purchasing oil and gas from Venezuela.
Trump Says Nations Buying Venezuela Oil, Gas Face 25 Pct Charge
President Donald Trump said he would seek a 25 percent tariff on any nation purchasing oil and gas from Venezuela.
TXO Partners Make Management Changes
Chief executive Bob Simpson will retire next month.
Sinopec Reports Slump in Full-Year Profit as Headwinds Mount
Sinopec's full-year profit tumbled 16 percent amid sluggish demand.
Aramco Launches CO2 DAC Test Plant in Saudi Arabia
The facility will serve 'as a testing platform for next-generation CO2 capture materials in Saudi Arabia's distinct climate'.
Alberta To Update Law to Protect O&G Production from Federal Emissions Cap
'If the federal government's proposed emissions cap is found to be unconstitutional, federal enforcement officers would have no reason to conduct emissions cap inspections or collect data'.
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.
JP Morgan Says Oil Vigilantes Have Been Found Wanting
'Oil vigilantes ... is a concept suggesting that when challenges arise and oil prices plummet, the OPEC alliance will intervene', analysts at J.P. Morgan highlighted.
Norway Gas Production Up Month on Month
Norway produced 355.1 million standard cubic meters a day of natural gas in February.
BP Bags $1B for 25 Pct Stake in BP TANAP
The transaction is anticipated to close in the second quarter of this year.
ADNOC Gas Gets Shareholder Approval for $3.41B Dividend for 2024
About half has already been paid and the remaining $1.7 billion will be distributed in the second quarter.
Naftogaz Eyes British Partnerships to Boost Gas Production
The company is strengthening efforts to help ensure energy security despite continued Russian attacks on critical infrastructure.
Iraq Seeks Floating Gas Terminals to Bridge Power Gap
Iraq is in talks with several companies to secure two floating storage regasification units by early June, as OPEC's second-biggest producer tries to address power shortages caused by a U.S. move against Iran.
Flowco Sees 10 Percent Growth in Annual Revenue
Flowco reported pro forma revenues of $733.3 million for 2024.
Abastible Secures Renewable Power Supply from Zelestra
'This agreement with Zelestra reinforces our position as a relevant player in the commercialization of renewable electricity in Chile'.
South Korean Plastics Giants Struggle as China Becomes a Rival
South Korean chemicals companies are racing to tap new markets after racking up hundreds of millions of dollars in losses in the face of a deluge of capacity from China.
Alberta Premier Rejects Oil Export Tax in Meeting With Carney
Alberta Premier Danielle Smith rejected any constraints on oil and gas exports to the U.S. in her first meeting with new Prime Minister Mark Carney.
Oil Gains Slightly as OPEC+ Uncertainty Looms
Oil edged higher as US sanctions on Iranian oil buyers stirred supply concerns, while OPEC+ plans tempered gains
USA Crude Oil Inventories Rise Week on Week
Crude oil stocks, not including the SPR, stood at 437.0 million barrels on March 14, according to the EIA's latest weekly petroleum status report.
