The latest oil and gas news from around the world.
Updated: 36 min 25 sec ago
North America Extends Rig Loss Streak
The total U.S. rig count decreased by one week on week and the total Canada rig count decreased by 17 during the same period, Baker Hughes' latest North America rotary rig count outlined.
CNOOC Makes 'Major' Oil and Gas Discovery in South China Sea
The Huizhou 19-6 field has now been shown to have over 100 million metric tons of oil equivalent of proven in-place volumes.
Baker Hughes Expands Margham Gas Storage Project Involvement
Baker Hughes has been contracted to provide integrated coiled-tubing drilling services for the Dubai project.
US Revokes Eni Permit for Gas Produced in Venezuela
Eni can no longer be repaid for gas that it produces in Venezuela through oil supplies from state-owned PDVSA.
Repsol Brings Schoders Greencoat as Partner in 400 MW Renewables Portfolio
Schroders Greencoat acquired a 49 percent share in a portfolio of eight wind farms and two solar facilities in Spain.
Shell Traders Haven't Lost Money Over Last Decade
The London-based energy giant keeps a tight lid on information about its trading business for competition reasons.
Rubio Warns Venezuela Against Attacking Guyana, Exxon
Rubio spoke less than a month after a Venezuelan patrol ship entered Guyanese waters and positioned itself near a vessel contracted by Exxon.
Oil Slips Despite Weekly Gain
Oil prices dipped on fears that new U.S. tariffs could weaken global energy demand.
USA Crude Oil Inventories Down 3.3MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 433.6 million barrels on March 21, according to the EIA's latest weekly petroleum status report.
Glenfarne to Take Majority Stake in Alaska LNG
AGDC and Glenfarne signed agreements for the latter to acquire 75 percent of 8 Star Alaska, a company formed by AGDC to manage the planned Alaska LNG.
Judge Rules Against Sale of Gulf of Mexico Oil Drilling Rights
A federal district judge on Thursday ruled against a Biden administration sale of oil and gas drilling rights in the Gulf of Mexico.
TotalEnergies Invests $172 Million in 6 German Battery Storage Projects
The projects have a combined capacity of 221 MW.
E&Ps Flag 'Uncertainty' in Latest Dallas Fed Energy Survey
'The only certainty right now is uncertainty', one exploration and production company stated in the comments section of the first quarter 2025 Dallas Fed Energy Survey.
Uganda-Tanzania Oil Pipeline Secures First Tranche of External Financing
The group of backers include regional banks Afreximbank, Standard Bank, Stanbic Bank, KCB Bank and ICD-PS.
Repsol, NEO Announce New Joint Venture
'This combination will create a jointly governed business which will call upon the key strengths of both shareholders', Francisco Gea, CEO of Repsol E&P, said.
BP, Iraq Finalize Deal on Oil Development in Kurds-Claimed Province
Baghdad fully ratified a contract with BP for oil and gas redevelopments and potential exploration in Kirkuk.
Kolibri Sees Earnings Slip despite Production, Revenue Growth
Kolibri reported a 6 percent decline in net income from $19.3 million for 2023 to $18.1 million for 2024.
Nigerian State Oil Giant Seeks Advisers for Delayed IPO
Nigeria's state oil company is courting international and local markets for advisers as it prepares for a long-delayed initial public offering.
Cnooc Profit Rises on Increased Oil and Gas Drilling Output
Cnooc Ltd posted higher annual earnings and boosted its dividend.
Supply Concerns Lift Oil Prices, Trade Tensions Persist
Trade war tensions limited gains, but supply disruptions kept oil rising.
