The latest oil and gas news from around the world.
Updated: 43 min 56 sec ago
Oil Prices Hit Yearly Low Amid Market Exit
Oil hit a yearly low as traders exited the market, with WTI down 2.3% to $71.03. Trump's policies, US-China trade tensions, and rising supplies pressured prices.
Chevron Is in Contact With Trump Administration Over Venezuela
'We are in contact with the current administration', Chevron Chief Executive Officer Mike Wirth said in an interview Wednesday on Bloomberg Television.
OPEC+ Damocles Sword Hanging Over Shale Oil Producers
'OPEC+ decided ... to stick with its plan - to lift production by 120,000 barrels per day every month for 18 months starting April', SEB Chief Commodities Analyst Bjarne Schieldrop highlighted.
Solaris Expands Board
Solaris expanded its Board of Directors to ten members with the recent addition of Max Yzaguirre as an independent member.
ExxonMobil Contracts Baker Hughes for Stabroek Projects in Guyana
Baker Hughes bagged a 'significant' award to supply production chemicals for the fifth and sixth hydrocarbon production projects in the Stabroek block offshore Guyana.
Colombia's Leader Asks Ecopetrol to Sell Its USA Shale Operation
Colombian President Gustavo Petro called on state oil producer Ecopetrol SA to sell its operations in the United States.
Atlas Energy Solutions Raises $254 Million from Public Offering
Atlas intends to use the proceeds to pay down indebtedness and help fund the cash portion of its acquisition of Moser Engine Service.
Rigzone President Talks Hiring Trends in Michael Berry Interview
Rigzone President Chad Norville highlighted some of the latest U.S. oil and gas hiring trends.
Canada's Scovan Acquires Carbon Capture Assets of Delta CleanTech
'This deal signifies a new chapter for carbon capture advancement in Western Canada'.
Dorian LPG Q4 Profit Slashed 79 Percent as Shipping Rates Down
The Stamford, Connecticut-based owner and operator of VLGCs reported $21.36 million in net income for the fourth quarter of 2024.
Trump Signs Memorandum 'Restoring Maximum Pressure' on Iran
'Trump signed actions for harder pressure on Iran with the potential to drive its exports significantly lower', SEB Chief Commodities Analyst Bjarne Schieldrop said.
Orsted, PGE Make FID on 1.5-GW Wind Farm Near Poland
Baltica 2, which will be located approximately 25 miles (40 kilometers) off the Polish coast near Ustka, is expected to be fully commissioned in 2027.
Moomba CCS in Australia on Track to Achieve Declared Work Rate, Says Santos
'The technology and reservoir is [sic] performing as expected, putting Moomba CCS on track to safely and permanently sequester up to 1.7 million tonnes per annum of CO2e'.
TriMas Completes Arrow Engine Sale
The sale marks the end of TriMas' direct presence in the oil and gas market.
TotalEnergies Boosts Dividend, Maintains Buybacks despite Lower Profit
TotalEnergies' results are line with other major oil and gas producers, with rivals Shell and Chevron also prioritizing cash returns to investors even as they posted declining end-of-year profits.
Oil Prices Slip Amid USA-China Trade War Fears
Oil prices fell as concerns over a U.S.-China trade war's impact on global growth outweighed the market's reaction to stricter U.S. sanctions on Iranian crude exports.
Adnoc to Shift USA Assets to New Global Unit XRG
Abu Dhabi's main energy company will transfer stakes in some U.S. assets to its new international investment firm.
Macquarie Strategists Forecast USA Crude Inventory Build
Macquarie strategists are forecasting that U.S. crude inventories will be up by 10.8 million barrels for the week ending January 31.
Rod West to Take Over as Algonquin CEO Next Month
West will replace Chris Huskilson, who will remain a member of the company's board after stepping down.
Trump Signs Executive Action to Create Sovereign Wealth Fund
President Donald Trump signed an executive action he said would direct officials to create a sovereign wealth fund for the United States.
