The latest oil and gas news from around the world.
Updated: 42 min 10 sec ago
BP, Iraq Strike Deal on Oil Development in Kurds-Claimed Province
The agreement targets a production of over three billion barrels of oil equivalent in the initial phase.
Iran Rejects Direct Nuclear Talks With USA Under Trump Policy
Trump has vowed to squeeze Iran's economy and target its oil exports as part of a return to the 'maximum pressure' strategy that he deployed in his first term.
Oil Slumps as US Confidence Dives
Oil prices tumbled as US consumer confidence plummeted, fueling concerns that Trump's trade policies and weakening economic data will curb energy demand.
Macquarie Strategists Forecast USA Crude Inventory Build
Macquarie strategists are forecasting that U.S. crude inventories will be up for the week ending February 21.
ConocoPhillips Sells $735 Million Worth of GOM Stakes to Shell
ConocoPhillips signed an agreement to divest minority stakes in the Ursa and Europa fields and associated facilities to co-venturer Shell for $735 million.
BP's Strategy Reset: 5 Things to Watch
BP's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift for an oil major in several years.
EIA Raises USA Crude Oil Production Forecasts
According to its latest short term energy outlook, the EIA sees U.S. crude oil production, including lease condensate, averaging 13.59 million barrels per day this year.
Kipper Partners to Invest $200MM to Raise Capacity of Aussie Field
The Kipper 1B project 'will bring online much-needed additional gas supply' for the domestic market ahead of winter 2026.
Leviathan Partners Seek Israel Approval for Planned Output Capacity Raise
The new plan for the Phase 1B project would grow Leviathan's production capacity to about 812.24 billion cubic feet a year.
North America Breaks Rig Loss Streak
The U.S. added four rigs week on week, according to Baker Hughes' latest North America rotary rig count.
APA Group Posts Lower Profit for First Half of FY25
The Australian natural gas and power utility reported $21.6 million in statutory NPAT for the half-year ended December 31, 2024.
European Commission Eyes to Integrate Ukraine into EU Power Market by 2027
The Commission also pledged financial aid for Ukraine's gas purchases and investment support for the country's renewables build-out.
Woodside Bets on Louisiana LNG to Become Global Powerhouse
'Louisiana LNG helps us to secure a material presence in the Atlantic Basin into European consumers'.
European Commission Allows Belgium to Extend Life of Two Nuclear Reactors
Doel 4 and Tihange 3 remain operational for 10 more years from the end date of 2025 spelled out by Belgian law.
Valaris Sees Sequential Jump in Quarterly Profit
'The contracting outlook for 2026 and beyond remains strong for high-specification assets and we are focused on securing attractive, long-term programs for our active rigs'.
Oil Edges Up Amid Uncertainty
Oil prices fluctuated before closing slightly higher as traders monitored geopolitical tensions, potential Iraqi crude exports, and OPEC's expected production decisions.
UK Proffers More Cash to Support Grangemouth Refinery Transition
The funding announced Sunday by Prime Minister Keir Starmer is in addition to already committed support.
Why is the USA Natural Gas Price Dropping Today?
Rigzone talks to several analysts.
Trump EPA Keeps Biden Era Gasoline Change Meant to Boost Ethanol
The Trump administration is holding firm to an April fuel policy change meant to bolster sales of corn-based ethanol.
