The latest oil and gas news from around the world.
Updated: 49 min 3 sec ago
Cheniere Names New Board Member
W. Benjamin Moreland has been appointed to Cheniere's Audit and Compensation Committees.
CNOOC Aims to Exceed 2 MMboed in Production This Year
CNOOC set a target of raising its net production to over two million barrels of oil equivalent a day in 2025 while keeping capital expenditure at last year's level.
Woodside Sets Annual Production Record despite Q4 Drop
Woodside produced 194 MMboe last year largely thanks to Sangomar.
Sasol Plots New Emission Reduction Route as Gas Plan Teeters
Sasol is falling back on coal after encountering obstacles in its plan to pivot to natural gas and green hydrogen in its path to net zero by 2050.
Oil Prices Slip Amid Tariff Threats and Russia Sanctions
Oil dipped below $76 as Trump's tariff threats and Russian sanctions fueled market volatility.
Venture Global Slashes IPO Price Range by More Than 40 Pct
Venture Global Inc. slashed the marketed range for its initial public offering.
ADNOC, AIQ Complete Trial Phase of Agentic AI Solution
'The successful completion of this proof of concept for ENERGYai has shown extremely promising results', ADNOC's upstream CEO said.
Vecino to Build Gas Storage Caverns at Piedras Pintas Salt Dome
Vecino signed an agreement with DRW Energy Trading to build hydrocarbon storage services at the Piedras Pintas salt dome in Duval County, Texas.
Liquid Wind to Build eFuel Plant in Finland
Liquid Wind signed an agreement with local utility TSE to build an eMethanol facility that can produce up to 100,000 metric tons a year in Naantali, Finland.
President Trump Gives Directive to Rename Gulf of Mexico
'The Gulf will continue to play a pivotal role in shaping America's future and the global economy', Trump stated in an executive order.
PetroTal Aims to Increase Production in Peru
The capital investments will support 2025 annual average production in the range of 21,000 to 23,000 barrels of oil per day (bopd).
Iberdrola Invests $104.5 Million to Revamp Valencia Power Grid
Iberdrola has allotted $104.53 million for an initiative already underway to redesign the distribution system affected by the cold drop in the Spanish province of Valencia last October.
Norway Gas Output in December Slightly Up Month on Month
Norway produced 361.2 million standard cubic meters a day of natural gas last month, 0.11 percent higher than November.
Strategists Forecast Near 8MM Barrel USA Crude Inventory Drop
Macquarie strategists are forecasting that U.S. crude inventories will be down 7.9 million barrels for the week ending January 17.
EU Should Talk to USA Before Retaliating on Tariffs, Kukies Says
'I would say let's talk before we think about retaliation'.
Wood Bags Gippsland Basin Maintenance Deal
Wood has been contracted to deliver long-term maintenance solutions for Esso Australia-operated onshore and offshore assets in the Gippsland Basin, Victoria.
Habeck Urges Europe to Limit Reliance on US Energy
Germany's economy minister warned Europe against becoming overly reliant on US energy and urged the region to stick together in response to the new Trump administration.
OGDCL Ups Pasakhi-7 Well Production, Starts Up Chak 212-1 Well
Production at Pasakhi-7 jumped from 375 bpd to 520 bpd.
Trump Tariffs Shake Global Commodity Markets
Oil and industrial metals declined as President Trump's renewed tariff threats against Canada and Mexico stoked fears of slower global growth, while gold rose as a haven for cautious investors.
Rare Winter Storm Tests Texas Grid, Triggers Blizzard Warning in Louisiana
'The system is going to drop a blanket of snow across the entire Gulf south'.
