The latest oil and gas news from around the world.
Updated: 36 min 46 sec ago
India Builds World's Longest LPG Pipeline to Cut Costs, Mishaps
India's state-run refiners will fully commission the world's longest liquefied petroleum gas pipeline by June.
Crude Suffers Worst Month Since September
Oil prices fell nearly 4% in February, marking their worst month since September, as escalating U.S. tariffs dampened investor confidence and clouded energy demand.
Senate Repeals Methane Leak Fee in Boon to Oil and Gas Industry
The Senate voted 52 to 47 to repeal the rule.
RRC Announces 'Significant Milestone in Texas' Energy Sector'
The Railroad Commission of Texas said it has issued its first permit for a deep geo-pressured, geothermal well to Sage Geosystems in Atascosa County.
Canada's Oil Heartland Sees Trade War Sparking Budget Shortfall
Alberta is projecting its first budget deficit after four years of surpluses.
IOG Resources Raises Production Stakes in Appalachia
IOG Resources acquired non-operating stakes in the Utica shale with a net production of about 26 million cubic feet of gas equivalent a day.
First Solar Boosts Sales to $1.51 Billion for Q4
Last year's net bookings totaled 4.4 GW.
Permian Resources Plans to Raise Production This Year
Permian Resources put its 2025 oil production guidance between 170,000-175,000 bpd.
Eni, Petronas Make Joint Venture Announcement
Eni and Petronas announced 'an exclusive memorandum of understanding to progress detailed discussions on establishing a joint venture holding company to oversee selected upstream assets in Indonesia and Malaysia'.
OEUK CEO Says UK Must Prioritize Homegrown Energy Over Imports
'We need homegrown energy', David Whitehouse, the chief executive of industry body Offshore Energies UK (OEUK), said.
GE Vernova, NRG Energy Launch JV to Power Data Center, AI Boom
Initially the JV will work to bring online four projects with a combined capacity of 5 GW, to be supplied to the ERCOT and PJM markets.
Pemex Annual Loss Tops $30 Billion
Despite the setbacks, investors have yet to totally abandon Pemex as government financial support is expected to remain steadfast.
Seadrill Sees Quarterly Profit Surge
'With a strong balance sheet, and durable backlog that extends meaningfully into 2029, we are well-positioned to navigate any market volatility'.
WTI Jumps Above $70 on Canada & Mexico Tariff Plan
Oil prices surged as Trump confirmed tariffs on Canada and Mexico, raising concerns about supply disruptions and trade uncertainty.
USA Crude Oil Inventories Drop
Crude oil stocks, not including the SPR, stood at 430.2 million barrels on February 21, the EIA's latest weekly petroleum status report showed.
Trump Says Canada, Mexico Tariffs to Take Effect, Adds New China Duty
Trump's latest tariff threat rattled financial markets.
NNPC Forms Tanker Venture with Nigerian, Swedish Shippers
NNPC signed a deal with Nigerian shipping company Caverton Marine and Sweden's Stena Bulk to create an oil and gas tanker operator that will serve Nigeria and West Africa.
EIA Expects USA NatGas, Petroleum, Renewables Demand to Rise in 2025
The U.S. Energy Information Administration expects U.S. natural gas, petroleum, and renewables consumption to rise in 2025, according to figures sent to Rigzone by the EIA this week.
2 French Firms Team Up to Accelerate SAF Projects
'This will facilitate and accelerate their engagement in SAF procurement'.
Petronas Posts Lower Annual Profit as Weaker Prices Offset Sales Increase
Malaysia's national oil and gas company reported about $12.4 billion in profit after tax for 2024, down 31.74 percent compared to 2023 as lower prices offset higher sales volumes.
