The latest oil and gas news from around the world.
Updated: 14 min 42 sec ago
Texas Oil, Gas Regulator Continues Digitization Drive
'Reaching nearly 100 million digitized records is a clear sign of our continued success in fully bringing the world's oldest regulatory agency into the 21st century', RRC Chairman Christi Craddick said.
US Eases Downhole Commingling Policy to Boost Oil Production
The DOI has expanded the allowable pressure differential for single-wellbore oil production from multiple reservoirs in the Gulf of America's deep waters.
Energy Secretary Aims to Reassure Oil Bosses Amid Trade War
Energy Secretary Chris Wright sought to reassure U.S. oil companies during a visit to Oklahoma.
Valero at a Loss for Q1 after Booking Impairments
Valero reported a loss attributable to shareholders of $595 million, or $1.9 per share, impacted by $1.13 billion in pre-tax impairments.
AccuWeather Looks at Wildfire Risk for USA Oil, Gas in 2025
'AccuWeather is forecasting seven to nine million acres to burn across the country this year, which is more than the historical average', AccuWeather Lead Long-Range Expert Paul Pastelok said.
Saipem Sees 35 Percent YoY Increase in Q1 Profit
Saipem reported about $87.45 million in net income for Q1, up 35.1 percent from the same three-month period a year ago on the back of improvements in its engineering and construction segments.
Hydrocarbons Discovered at Offshore Namibia Well
BP and Eni confirmed the preliminary results of the Capricornus 1-X exploration well in Namibia's Orange Basin.
Liverpool Bay CCS Project Moves to Construction Phase
Eni and the UK government have reached financial close on the Liverpool Bay CCS project, with startup planned for 2028.
ExxonMobil Secures Sixth CO2 Customer in Calpine
Exxon Mobil signed a deal with Calpine to transport and permanently store up to 2 million metric tons per annum of CO2 from Calpine's Baytown Energy Center.
Russia Oil Drilling at Fastest Pace in 5 Years as Curbs Ease
Russia's oil producers have been drilling at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the possibility of relief from some war sanctions.
USA Clashes With Allies on Energy Security Vision at IEA Summit
At this week's flagship international summit on energy security, the clashing visions of the US and its allies were on full display.
Oil Gains as Supply Tightness Counters Trade Concerns
Tight supplies and bullish market signals supported gains in both WTI and Brent.
USA Crude Oil Inventories Rise Week on Week
Crude oil stocks, not including the SPR, stood at 443.1 million barrels on April 18, according to the U.S. Energy Information Administration.
BHP Prepares to Start Chief Executive Succession Process
BHP Group is preparing to begin looking for a new chief executive officer in the coming months.
Eni Logs Lower Q1 Profit
Eni reported $1.6 billion in adjusted net income attributable to shareholders, down 11 percent from the same three-month period a year ago as oil prices weakened and oil and gas output fell.
Honeywell Tapped for Argent LNG Export Terminal
Honeywell signed an agreement with Argent LNG to deploy Honeywell's pretreatment solutions at an LNG terminal to be built at Port Fourchon, Louisiana.
Matador Plans to Cut Drilling Activity, Drop One Rig by Mid-2025
Texas shale-oil company Matador Resources Co. plans to drop one of its nine drilling rigs by the middle of the year in response to plunging crude prices.
USA Upstream M&A Hits $17B in 1Q
Enverus Intelligence Research revealed that U.S. upstream mergers and acquisitions (M&A) hit $17 billion in deal value in the first quarter of 2025.
Naftogaz Keeps Gas Prices Unchanged for Another Year
Naftogaz will continue delivering natural gas to households in Ukraine at the current regulated rate until April 2026 to reflect the current moratorium on raising gas tariffs.
Norway Monthly Gas Output Falls: Preliminary Data
Preliminary official figures showed Norway produced 351.3 million standard cubic meters a day of natural gas in March.
