The latest oil and gas news from around the world.
Updated: 57 min 9 sec ago
Macquarie Strategists Forecast USA Crude Inventory Decline
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be down for the week ending March 21.
Shell Aims to Grow LNG Sales by 5 Percent Annually
'We want to become the world's leading integrated gas and LNG business'.
Equinor Tags TechnipFMC for Johan Sverdrup Phase 3 iEPCI Job
TechnipFMC secured a large integrated engineering, procurement, construction and installation contract from Equinor for the Johan Sverdrup Phase 3 development in the Norwegian North Sea.
Iberdrola Gets UK Regulatory Approval for ENW Acquisition
Iberdrola said it is now the second-largest distribution network operator in the UK.
UK Oil, Gas Licenses Face Court Challenge
Oceana UK said licenses granted by the previous Conservative cabinet in May last year were unlawful as they don't account for the impact on marine life and the environment.
Gunvor Head of Trading Is Leaving Amid 'Generational Shift'
Gunvor Group's head of trading Stephane Degenne is leaving the company.
Oil Slips On Ukraine Truce Talks
Oil prices dipped as traders remained cautious over signs that sanctions on Russia's oil sector may ease.
Analyst Says NatGas Bulls Attempting to 'Hold Line' Ahead of April Rollover
'Bullish call option holders are attempting to maintain support at the $4.00 strike price ahead of contract options expiration tomorrow', Eli Rubin, an energy analyst at EBW Analytics Group, said.
Baker Hughes Bags Completions Tech Job from Petrobras
Baker Hughes has secured a multi-year fully integrated completions systems contract for Petrobras' deepwater projects.
Occidental Sells $905MM Worth of Assets in DJ Basin
Elk Range Royalties acquired a mineral and royalty position with about 250,000 net royalty acres from Occidental for $905 million.
Colonial Pipeline Responds to Protest Against Pipeline Changes
Colonial Pipeline Co. defended a proposal for operational changes on its fuel network.
ExxonMobil Sells Producing Thai Assets
Australia's Horizon Oil signed an agreement with ExxonMobil to acquire the U.S. energy giant's stakes in three development licenses onshore Thailand.
Apollo to Acquire Majority Stake in OEG
The transaction is expected to close in the second quarter.
Stratas Advisors Thinks Brent Will Move Higher This Week
Stratas Advisors outlined in a report that oil prices 'will get support' from several factors.
Jadestone Submits Field Development Plan for Vietnam Assets
The Nam Du and U Minh fields are located offshore southwest Vietnam in shallow waters of 164 to 197 feet (50 to 60 meters).
OEUK: 50 Pct of Oil, Gas UK is Projected to Need by 2050 Could Come from UK
'The future of the North Sea is in our hands', OEUK Chief Executive David Whitehouse said.
Shell Approves Gato do Mato Project Offshore Brazil
The project will produce up to 120,000 barrels of oil a day.
Aramco Acquires Half of Blue Hydrogen Industrial Gases Company
'BHIG is expected to commence commercial operations to produce blue hydrogen in coordination with Aramco's carbon capture and storage activities in Jubail'.
Equinor Acquires 95 MW Wind Farm in Sweden
The produced power will be sold in the southern Swedish spot market and increase Equinor's merchant exposure with immediate operational cashflows, the company said.
Angola Doubles Diesel Prices after IMF Call for Subsidy Cuts
The announcement came three weeks after the IMF said that the oil-producing southwest African nation should do more to eliminate fuel subsidies that cost about $3 billion in 2024.
