The latest oil and gas news from around the world.
Updated: 55 min 8 sec ago
GeoPark Posts Lower Earnings
Results were mainly affected by a 6 percent devaluation of the Colombian peso on deferred income tax calculations and a one-off expense of $5.4 million related to acquisitions.
Adnoc Seeks to Buy First Gas Fields in US
ADNOC wants the deals to complement its recent acquisitions of chemical plants and LNG export facilities in the U.S., according to people familiar with the matter.
Shell Starts Oil Production at GKGJE Phase 4 Offshore Borneo
Shell and its partners expect the project, on the Brunei-Malaysia border, to average 21,000 bpd.
Nine Energy Service Downsizes Board
The oilfield services company has decided to reduce the size of its board of directors from eight to six members by the end of the year.
Raizen Is Said to Hire JPMorgan for Argentina Energy Assets Sale
Brazil's largest producer of ethanol fuel, Raizen is mulling divestments and slowing down expansions as higher borrowing costs of late in Brazil rattle its finances.
Oil Gains on Truce Hopes but Closes Week Lower
WTI climbed 0.7% to settle at $67.04 a barrel, yet oil remains down 3.9% for the week as trade and supply concerns continue.
USA Won't Hesitate on Russia and Iran Sanctions, Bessent Says
The U.S. will not hesitate to go 'all in' on sanctions on Russian energy if it helps lead to a ceasefire in the Ukraine war, Treasury Secretary Scott Bessent said Thursday.
Enbridge to Invest $1.39 Billion until 2028 in Mainline Pipeline
Enbridge has earmarked an investment of up to about $1.39 billion until 2028 for a Canada-U.S. liquids pipeline with a capacity of about 3 million barrels a day of crude oil.
Analyst Says Bearish Fundamentals Beginning to Reassert Influence Over Gas
'Yesterday's bearish EIA storage report surprise is the latest in a cascade of bearish fundamental indicators over the past two weeks', Eli Rubin, an energy analyst at EBW Analytics Group, said.
BP CEO Sees Pay Cut 30 Pct After Profit Miss, Elliott Intervention
BP Chief Executive Officer Murray Auchincloss' total compensation dropped to $6.91 million in 2024.
Norway Opens Application for One CO2 Storage Exploration Area
This is the eighth time acreage is being offered for CO2 storage exploration or exploitation on the Norwegian continental shelf.
Payroll in USA Oil and Gas Totals $168 Billion in 2024
Texas had the highest oil and gas payroll in the country in 2024, according to TIPRO's latest State of Energy report.
European Commission Proposes to Extend Gas Storage Regulation to 2027
'In the current geopolitical context and volatile situation in the global gas markets, this 2-year extension will contribute to ensuring continued security of energy supply across the EU'.
Aramco CEO Says Company Is Deploying AI Tech at Scale
Saudi Aramco President and CEO Amin H. Nasser said Aramco is 'adopting and deploying AI technologies and solutions at scale' across its operations.
European Commission Schedules New Round of Coordinated Gas Deals
Buyers can express their demand for July 2025-October 2030.
European Commission Schedules New Round for Coordinated Gas Deals
Buyers can express their demand for July 2025-October 2030.
China Energy Imports Down at Start of 2025
Chinese energy imports broadly fell at the start of 2025, after last year's record shipments of coal and gas created an overhang of supply and demand for oil continued to ease.
LandBridge at Loss for 2024 but Signals Shift in Q4
LandBridge reported $41.5 million in net loss for 2024, compared to 2023's net income of $63.2 million.
Oil Recovers on Trade Tariff Reprieve
Tariff postponements and supportive US comments helped stabilize crude prices despite bearish pressures.
Tanzania Plans to Kick Off 5th Oil, Gas Licensing Round in May
The country's last licensing round was in May 2014.
