The latest oil and gas news from around the world.
Updated: 37 min 31 sec ago
GE Vernova Shortlisted for Supply of Geothermal Power to US Military
A consortium including GE Vernova has secured 'awardable' status for rights to deliver geothermal electricity and battery energy storage to U.S. military bases.
Brava Signs Sales Deal with Shell for Atlanta Field Oil
Atlanta is a producing heavy oil field located in ultra-deepwater in Brazil.
Northwind Midstream Advances Projects in New Mexico
The company is building off-spec, NACE standard, natural gas infrastructure systems in Lea County, New Mexico.
USA EIA Boosts Henry Hub Natural Gas Price Forecasts
The U.S. Energy Information Administration increased its Henry Hub spot price forecast for 2025 and 2026 in its latest short term energy outlook.
Cheniere Commissions Train 1 of Corpus Christi LNG Expansion Project
'We remain focused on safely and efficiently bringing the remaining CCL Stage 3 trains online ahead of schedule'.
Equinor Starts Gas Production at Halten East
'We are starting up Halten East at a time where piped gas from Norway is in high demand and important for energy security'.
Offshore Achievement Award Winners Announced
'Each winner has demonstrated exceptional leadership and innovation that will undoubtedly inspire others', Graham Dallas, Chair of the Offshore Achievement Awards Committee, said.
Mach Grows Annual Earnings
Net income and revenue for 2024 reached $185 million and $970 million, respectively.
Brazil Moves Ahead with Plan to Boost Ethanol Blend in Gasoline
Authorities are recommending an increase in the blend of ethanol in regular gasoline to 30 percent from the current level of 27.5 percent.
Oil Rises as China Plans Stimulus, USA Ramps Up Pressure on Iran
Still, crude has fallen more than $10 a barrel from this year's high in January.
Israel, Azerbaijan Step Up Alliance With Gas Exploration Deal
Azerbaijan will on Monday sign agreements to explore for natural gas in Israeli waters.
Whitecap, Veren to Merge in $10.4B Transaction
The transaction is expected to close before May 30.
North America Cuts 35 Rigs Week on Week
North America dropped 35 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Murphy Buys BW Pioneer FPSO for $125 Million
BW Offshore, the owner, will continue offering operations and maintenance services under a new five-year reimbursable contract.
NRG Energy Invests $2.5 Million in Equilibrium Energy
'With this investment, NRG aims to gain market intelligence and explore solutions to address grid volatility created by load growth, intermittent renewable generation, and extreme weather events'.
Goldman Cuts Oil Forecasts on Slow USA Growth, OPEC+ Policy
The move follows a drop in crude prices from this year's high in January.
USA EIA Raises WTI Oil Price Forecast
The U.S. Energy Information Administration raised its West Texas Intermediate spot price forecasts for 2025 and 2026 in its latest short term energy outlook.
Iberdrola to Supply Air Liquide with Renewable Power
Iberdrola signed a long-term deal to supply Air Liquide with clean electricity for the French company's operations in Spain and Portugal.
Woodside Bags 15-Year Contract to Supply LNG to China
Since last year the Australian oil and gas exploration and production company has roped in major customers in the key LNG importing region of East Asia.
BH Bags Deal to 'Provide Reliable and Efficient Power to US Data Centers'
'Due to surging demand for generative AI, we see increasing opportunities for our power generation solutions to support behind the meter power requirements for data centers'.
