The latest oil and gas news from around the world.
Updated: 23 min 27 sec ago
Methane Reduction Tech Firm Bags $6MM Grant from DOE
'This funding opportunity allows us to demonstrate the potential of our innovative technology in providing meaningful solutions to combat methane emissions in the oil and gas industry'.
North America Drops 71 Rigs WoW
North America dropped 71 rigs week on week, according to Baker Hughes' final North America rotary rig count of 2024.
GlobalData Looks at Global Oil, Gas Hiring Trends
Hiring trends remain relatively better compared to pre-Covid levels, GlobalData said.
Venture Global Dispatches First Cargo from Plaquemines LNG
'In just five years, Venture Global has built, produced and launched exports from two large-scale LNG projects which has never been done before in the history of the industry'.
European Gas Prices Fluctuate With Days Left on Transit Deal
European natural gas prices hovered near the highest level this month.
Chevron Unlocks New Gas Production in Sanha Field in Angola
The Sanha Lean Gas Connection project will deliver an additional 80 MMscfd of feed gas to Angola LNG and support power plants in the Soyo municipality.
Five Energy Startups Join Halliburton Labs Collaborative Ecosystem
Five innovative companies have been added to the Halliburton Labs collaborative ecosystem to help them advance their commercialization with support from Halliburton's practitioners and business network.
First Supertanker to Be Scrapped in 2 Years Is a Dark Ship
The 24 year old very large crude carrier was sold to an Indian scrapyard last week, according to a BRS Shipbrokers report and scrap dealer Wirana Shipping Corporation.
Oil Prices Close Higher in Year-End Trading
Oil prices rose modestly in thin year-end trading, driven by supply concerns, Middle East tensions, and tight near-term market conditions, while investors weigh the outlook for 2025.
USA Oil Exports to China Dwindle as Demand Wanes, Buying Shifts
U.S. crude exports to China plunged by almost half this year.
Virtual Reality Revolutionizes Training in Oil, Gas, GlobalData Says
'Virtual reality primarily has applications around training across the oil and gas value chain,' GlobalData said.
Florida Battery Energy Storage Project Gets $28.7 Million Federal Grant
To be built at the Birmingham Street Substation, the BESS project will store backup power for four facilities providing essential community services in Tallahassee.
NANO Nuclear to Acquire USNC Patents via Bankruptcy Auction
NANO Nuclear signed a deal to assume ownership of the patents and intellectual property rights of Ultra Safe Nuclear via a Chapter 11 bankruptcy auction.
European Gas Jumps as Putin Doubts New Transit Deal Can Be Made
Benchmark futures jumped as much as five percent Friday, the most in a week.
Macquarie Strategists Forecast Near 4MM Barrel USA Crude Inventory Drop
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be down by 3.8 million barrels for the week ending December 20.
Finland Police Investigating Oil Tanker Involvement in Power Cable Rupture
'The repair work is estimated to take several months', Fingrid said.
OGDCL Brings Kunnar West Well-3 into Production
The current production levels are 3.5 MMscfd, 30 bpd of condensate, and 3.8 metric tons per day of LPG.
Vermilion to Buy Deep Basin Player Westbrick for $746 Million
Vermilion signed a deal to take over Westbrick, which owns producing and non-producing assets in Canada's Deep Basin, via a $746.04 million stock purchase.
UK Inks First Hydrogen Production Contracts
'The Cromarty, Whitelee and West Wales projects represent first-of-a-kind hydrogen contracts in Great Britain and once operational, will have a combined capacity of 31.8MW'.
