The latest oil and gas news from around the world.
Updated: 33 min 44 sec ago
Elliott Nominates 7 for Phillips 66 Board Election
Elliott nominated seven candidates with the 'best-in-class experience in refining and midstream operations' for election to Phillips 66's board to remedy 'persistent underperformance'.
Baker Hughes to Support Frontier's CCS, Power Projects
Baker Hughes will provide CO2 compression, well design and its industrial NovaLT gas turbines.
Ring Energy to Acquire Lime Rock's Central Basin Platform Assets
The purchase price of the acquisition is $100 million, subject to customary closing adjustments.
Macquarie Strategists Forecast USA Crude Inventory Build
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 1.2 million barrels for the week ending February 28.
New Stratus Energy Exits Four Venezuela Fields
The Canadian company secured terms that allow it to regain its stakes after two years.
China Asks Refiners to Cut Fuel Output, Shift to Chemicals
China wants its refiners to produce less fuel and more petrochemical products as its electric-vehicle boom alters the country's consumption of diesel and gasoline.
Oil Drops as Tariffs and OPEC+ Supply Shake Markets
Brent crude slipped below $70, while WTI neared $68, as fears of an oversupplied market weighed on sentiment.
BP's Reset Plan Shows Early Vulnerability as Oil Nears $70
BP's strategy reset isn't even a week old, but it's already showing some vulnerabilities.
Natural Gas Prices Are Starting to Look Exciting to Bulls
Rigzone talks to several analysts about the U.S. natural gas price.
Shell Shakes Up Executive Committee Ahead of New Strategy
Shell Plc said it is making further changes to its executive committee.
Cactus Posts Lower Profit for Q4
'Although expectations for 2025 U.S. land activity levels remain soft, we have several initiatives underway that are intended to grow our customer base and mitigate potential tariff impacts'.
Essential Utilities Delivers Higher Profit for Q4
The gas and water utility reported $184.7 million in quarterly net income.
Vermilion Closes Acquisition of Westbrick
The company said that the acquisition adds stable annual production of 50,000 barrels per day (boepd).
McKinsey: Overall Profitability of Oil, Oil Products Decreased in 2024
The overall profitability of oil and oil products decreased in 2024, a McKinsey report on commodity trading stated.
EOG Ventures into Bahrain with Exploration Project
EOG and Bapco Energies will 'evaluate a promising gas exploration prospect in the kingdom'.
Pembina Acquires Stake in Alberta Electricity, Data Center Project
The Greenlight Electricity Centre (GLEC) is a proposed multi-phase gas-fired combined cycle power generation facility of up to 1,800 megawatts.
OPEC+ Countries Will Start Unwinding 2MM Bpd Cut from April
'This gradual increase may be paused or reversed subject to market conditions', a statement posted on OPEC's site noted.
TotalEnergies Launches 8th Biomethane Plant in France
The new BioNorrois plant, located in Fontaine-le-Dun, will produce 153 gigawatt-hours (GWh) of biomethane per year.
Ukraine Secures Norwegian Aid to Fund Gas Purchases
Norway is providing Ukraine about $402.08 million in financial support to help it procure natural gas and ensure nuclear safety.
US Poised to Account for One-Third of Global LNG Supply by 2035: Shell
The U.S.' share of the world's LNG trade is regaining momentum at a pace that could reach two times the consumption of Japan and South Korea combined by 2035, Shell projects.
