The latest oil and gas news from around the world.
Updated: 8 min 10 sec ago
AccuWeather Warns of Relentless Rounds of Winter Storms
'We do not anticipate weather-related impacts at refineries at this time', AccuWeather Senior Meteorologist Tom Kines told Rigzone.
Marathon Petroleum Beats Q4 Estimates, Unveils Midstream Plans
For full-year 2024, net income attributable to MPC was $3.4 billion, or $10.08 per diluted share.
UK Union Says Gov's Energy Plans Have Failed to Address Major Decisions
'It is clear the government's energy plans do not address major decisions that need to be made now', Unite General Secretary Sharon Graham said.
Mauritania-Senegal LNG Project Set to Start Exports This Quarter
Liquefaction has started at the 2.3 MMtpa Greater Tortue Ahmeyim phase 1 project.
Trump Plans to Impose 25 Pct Tariffs on Steel, Aluminum Imports
President Donald Trump plans to impose 25 percent tariffs on all imports of steel and aluminum into the United States.
Baltics Delink from Russian Power Grid
Under a project accelerated by the Russia-Ukraine war, Estonia, Latvia and Lithuania have achieved synchronization with the continental European network via Poland.
Petrobras, Regia Capital Launch Bioeconomy Fund
The fund is designed to back socio-environmental initiatives in Brazil, aiming to turn them into sustainable enterprises that create positive effects while safeguarding Petrobras' invested capital.
OMV Posts Lower Annual Profit
Austria's OMV reported drops in net income, sales, and operating results for the 2024 financial year.
Taiwan Plans to Buy More US LNG to Curb Trade Surplus
Taiwan is preparing to buy more LNG from the U.S. to reduce its trade surplus and potentially avoid higher tariffs.
OPAL Fuels Names New CFO
OPAL Fuels named Kazi Hasan as Chief Financial Officer, succeeding interim CFO Scott Contino effective February 3, 2025.
UAE Plans to Invest Up to $52B In French Data Centers
The investment is part of a bilateral announcement made ahead of an artificial intelligence summit French president Emmanuel Macron is holding next week.
EU Weighs Suspending Sanctions on Syria's Oil Industry, Banks
The European Union is discussing a deal to partially suspend several sanctions on Syria's energy industry.
WTI Settles at $71 as Tariffs Overshadow Iran Sanctions
Oil fell for a third week as US-China trade fears outweighed Iran sanctions, with WTI settling at $71.
USEDC Plans to Deploy up to $1B Primarily in Permian, Sees Job Growth
'Building on the momentum of 2024, USEDC is entering 2025 with a similar growth mindset', the company said.
Renegade Gets Equity Commitment from Energy Spectrum
Renegade Infrastructure secured inaugural equity capital backing from its management and Energy Spectrum.
Uniper Exits North American Power Market
The divestment, which excludes Uniper's gas and hydrogen-related stakes in the region, is part of fair-competition guardrails imposed by the European Commission in approving the utility's bail-out by Germany.
Norway Gets First Ship to Carry Waste Carbon to Undersea Storage
The Northern Pioneer will be one of four vessels transporting waste carbon dioxide from industrial sites to a storage facility outside Bergen.
JP Morgan Says Global Oil Demand 'Surged' to Over 101MM Bpd in January
'The early signs are promising, hinting that this upward momentum will carry into February', analysts at J.P. Morgan said.
ConocoPhillips Q4 Profit Down YoY as Lower Prices Offset Higher Volumes
ConocoPhillips reported $2.31 billion in net income for Q4 2024, down from $3 billion for the same three-month period a year ago as weaker prices and higher costs offset stronger production.
Reelwell, Odjfell Technology Secure Contract with Var Energi for Pipe Tech
The initial contract covers operations on Var Energi's COSLPioneer rig for one year, with the option of four additional one-year extensions.
