The latest oil and gas news from around the world.
Updated: 1 hour 5 min ago
Uniper, Kyuden Agree to Explore CCUS, Hydrogen, RE Partnerships
The agreement would help German power and gas utility Uniper expand in Asia and Japan's Kyuden, part of Kyushu Electric Power, grow in Europe by leveraging on each company's existing footprint.
ADNOC Gas, Indian Oil Sign 14-Year LNG Deal Worth up to $9B
'This agreement strengthens our long-standing partnership with Indian Oil and is a testament to the dynamic and robust energy ties between the UAE and India', ADNOC Gas CEO Fatema Al Nuaimi said.
MOL Group Says Ready to Produce HVO, SAF at Bratislava Refinery
'We are technologically ready to produce biodiesel of vegetable origin as well as sustainable aviation fuel'.
Avoid Crop Biofuels in Decarbonization Push, Shippers Tell IMO
'Unless legally-binding safeguards are introduced, there is a risk that a large amount of fossil fuels will be replaced with unsustainable biofuels'.
Equinor Denies French Accusation of Unfair Gas Trading
Equinor and its energy trading arm Danske Commodities said they would appeal fines totaling $12.59 million in two cases under France's Regulation on Wholesale Energy Market Integrity and Transparency.
SP Energy Networks, National Grid Break Ground on Subsea Power Superhighway
Construction started on a 118-mile subsea electricity superhighway that will link the south-east of Scotland and the north-east of England.
Type One Energy Inks Fusion Magnet Licensing Agreement with CFS
Type One Energy secured an exclusive license to use Commonwealth Fusion System's high-temperature superconducting cable technology to develop its proprietary stellarator fusion magnets.
US Aims to Cut Iranian Oil Flows by Over 90 Pct
'We are committed to bringing the Iranians to going back to the 100,000 barrels-a-day of oil exports'.
WTI Slips Below $71 Amid Supply Confidence
Oil prices fell as market signals indicated ample supply, overshadowing US threats to curb Iranian crude exports.
Turkiye Gets $52 Million OPEC Fund Loan for Energy Transition
The OPEC Fund and the Industrial Development Bank of Turkiye signed an agreement for a $52.46 million loan to support climate- and circular economy-related projects in the Mediterranean country.
India to Buy More US Oil, LNG to Avoid Tariffs
India agreed to boost oil and gas imports from the U.S. in an effort to reduce the trade imbalance between the two countries and avoid retaliatory tariffs.
Energy Transfer Q4 Profit Misses Estimates
Adjusted EBITDA rose to $3.88 billion for Q4 2024, helped by an increase in transport volumes for petroleum and refined products.
NZEC Launches Design Stage of Tariki Gas Storage Project
NZEC said it is moving at an accelerated pace to bring the project into service by year-end to help with New Zealand's tightening supply.
ADX Gets Austrian Endorsement for License Amendments
Austria's Finance Ministry agreed to ADX's addition of new contiguous acreage with an equal relinquishment of current area parts in Upper Austria at no additional cost to the company.
NGL Energy Partners Posts Lower Quarterly Profit
NGL Energy Partners reported $45.8 million in net income for the quarter ended December.
Colombian Energy Chief Criticizes Gas Companies for Price Hikes
Colombia's top energy official said companies are opting for more costly imported fuel.
Germany Set to Extend Rosneft Trusteeship
Germany is set to extend its trusteeship over local subsidiaries of Russia's state oil giant Rosneft for a fifth time as a sale to Qatar's sovereign wealth fund remains in limbo.
Oil Steadies as Tariff Delay Offsets Lower Risk to Russian Flows
Oil settled little changed, rebounding from the lowest since December.
Elliott Pushes Big Cost Cuts at BP to Preserve Its Independence
Since a shift toward renewable energy under BP's previous leadership, the company's valuation has lagged its peers.
