The latest oil and gas news from around the world.
Updated: 53 min 53 sec ago
Global Oil Demand Makes Strong Start to 2025
Global oil demand has made a strong start to 2025, analysts at Standard Chartered Bank said.
Voyager Midstream Acquires Phillips 66 Stake in Panola NGL Pipeline
'Voyager's interest in the Panola Pipeline is a strategic fit with the company's existing footprint in East Texas and North Louisiana'.
'First Major Project' for GB Energy Announced
'Great British Energy's first major project will be to help our vital public institutions save hundreds of millions on bills to reinvest on the frontline', UK Energy Secretary Ed Miliband said.
Iberdrola Bags Contract to Power Honda Car Production in Mexico
The Japanese car maker signed a deal to buy renewable power from Iberdrola to electrify its operations in the Mexican cities of Celaya and El Salto.
Res Integra to Build 4 MW Green Hydrogen Plant in Sicily
Res Integra has partnered with electrolyzer developer Ohmium to construct a 4-MW green hydrogen plant in an industrial area of Siracusa.
KNOT Offshore Partners Buoyed by Q4 Results
KNOT Offshore Partners reported revenues of $91.3 million for Q4.
Raymond James Sees Biggest Crop of New Oil Projects in a Decade
A flurry of oil projects from Brazil to Saudi Arabia are set to come online this year, providing the biggest infusion of new crude production in more than a decade.
Oil Executives Talk Permitting But Not Prices in Trump Meeting
The more than hour-long session brought Trump, an unabashed champion of American oil and gas might, face to face with more than a dozen executives.
Crude Climbs Amid US Crackdown on Iran Exports
Oil markets reacted bullishly to U.S. sanctions, but global oversupply risks remain.
EIA Fuel Update Shows USA Gasoline, Diesel Prices Declining
The U.S. regular gasoline price and the U.S. on-highway diesel fuel price are both in a declining trend, the EIA's latest gasoline and diesel fuel update showed.
CP2 LNG Gets Conditional Approval for Non-FTA Export
A final permit has been withheld pending a DOE review of permitting considerations concerning greenhouse gas emissions, environmental impact, energy prices and domestic gas supply.
Nigerian Oil Pipeline Sabotage Threatens Crude Output Revival
Nigeria's push to revive oil production and encourage investment has been put at risk.
Oil Prices Likely to be Lower in 2025
'We're seeing a complex interplay of supply and demand factors', said Ann-Louise Hittle, Vice President of Oils Research at Wood Mackenzie.
Eni Raises Gas Supply for Ivorian Power
Eni has increased its natural gas supply for Cote d'Ivoire's electricity generation with new capacity unlocked in the offshore Baleine field.
Rystad's Head of Geopolitical Analysis Looks at Limited Ceasefire
'The market's expectation of a quick resolution, in line with President Trump's desire, will need to be reassessed', Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, said.
Africa Oil Completes Reorganization
Africa Oil completed its full takeover of Prime, previously a 50-50 venture with BTG Oil & Gas, while the partner has acquired 35.5 percent of the enlarged Africa Oil.
NewMed Energy Farms into OMV Petrom Block Offshore Bulgaria
The 50-50 partners expect to start drilling a new exploration well this year.
Baker Hughes, Petrobras Tie Up to Solve Flexible Pipes Corrosion Cracking
Baker Hughes launched a joint technology program Petrobras to solve stress corrosion cracking due to CO2 in flexible pipe systems.
TotalEnergies Eyes Brazil Green Hydrogen for European Refineries
TotalEnergies, which has a 34 percent stake in the developer's wind and solar generation unit, also is considering taking a direct shareholding in the project.
Equinor Awards Kinewell Multi-Year Software Deal Extension
The deal involves the KLOC offshore wind cost optimization software.
