The latest oil and gas news from around the world.
Updated: 48 min 23 sec ago
WEF Funds Reduce Stake in Strathcona
Waterous Energy Fund reduced its ownership in oil and gas producer Strathcona to around 79.6 percent.
ArcLight Completes Buy of Phillips 66 Stake in Gulf Coast Express Pipeline
ArcLight completed the acquisition of Phillips 66's 25 percent non-operating stake in the Gulf Coast Express Pipeline for $865 million.
Will Trump Fill Strategic Petroleum Reserves 'Right to the Top'?
'Oil storage levels will rise under Trump, but probably at a slower pace than his rhetoric would suggest', analysts at BMI said.
Var Energi Boosts Resources on Exploration Wins
The company attributed the increase to early-phase development projects, lifetime extensions of existing fields and the inclusion of the Neptune assets.
Petrobras Ups Proved Reserves in 2024
Petrobras attributed the increase mainly to the progress in the development of Atapu and Sépia fields, and the good performance of its assets.
Crescent Seals Acquisition of Eagle Ford Player Ridgemar
Crescent completed the purchase of Ridgemar (Eagle Ford) for an upfront price of $905 million, growing its footprint in the Texas shale.
North America Keeps Rig Addition Streak Going
The total North America rig count stands at 840, according to Baker Hughes' latest North America rotary rig count.
ADNOC-ADQ JV Awards $1.7 Billion Build Contract for UAE Methanol Plant
Expected to be completed 2028, the plant is planned to produce up to 1.8 million metric tons a year of clean energy-powered methanol.
OPEC Monthly Output Down Following Fire at Iraqi Oil Field
OPEC pumped an average of just over 27 million barrels a day in January, about 70,000 a day less than the month before.
TotalEnergies Signs Renewable PPA with STMicroelectronics
STMicroelectronics signed up for 1.5 terawatt hours from two TotalEnergies solar and winds farms.
WTI Rises in Volatile Session as Tariff Delay Eases Fears
Oil prices experienced a volatile session, initially surging on a US tariff delay for Mexico before pulling back as investors weighed the impact on global economic growth.
EU Barely Meets Gas Storage Target as Restocking Challenge Looms
Europe barely met its February target for natural gas inventories.
Exxon Boosts Upstream Earnings YoY
Exxon's worldwide upstream earnings in 2024 were $25.390 billion, according to the company's latest results statement.
Why Is the USA Natural Gas Price Up Today?
'It's a double-whammy today for Henry Hub prices', David Seduski, the head of North American gas at Energy Aspects, told Rigzone in an exclusive interview on Monday.
Matador Adds New Board Member
Paul W. Harvey, current Private Wealth Advisor at Vaquero Private Wealth, will serve on Matador's Audit Committee.
Refining Losses Deepen for Phillips 66
Phillips 66's realized refining margins averaged $6.08 a barrel in the fourth quarter of 2024, down from $8.31 for the prior quarter and $14.41 for the corresponding quarter in 2023.
Crude Oil Futures Volatile in Wake of Trump Tariffs
Crude oil futures are experiencing volatility, Li Xing, Financial Markets Strategist Consultant to Exness, highlighted.
Halliburton Scores Drilling Services Contract from Petrobras
The contract scope includes drilling services for development and exploration wells over a three-year period.
Baker Hughes Bags Order for Aramco's Jafurah Field
Baker Hughes said it will supply electric-motor-driven compression solutions.
Uniper Sells LNG Refueling Stations in France, Germany
EnviTec Biogas acquired 18 LNG filling stations from fellow German firm Uniper.
