The latest oil and gas news from around the world.
Updated: 17 min 44 sec ago
Senegal Targets $7.5B Gas Project to End Energy Subsidies
Senegal's state-owned oil company said the Yakaar-Teranga gas discovery will cost $7.5 billion to develop.
Oil Retreats After Inventory Data
US inventory data eased supply fears, helping push crude lower after a recent rally.
Aramco Targets Raising Over $10B From Property Portfolio
Saudi Aramco is considering plans to raise billions of dollars from its real estate assets.
ExxonMobil Insists Move to Texas Won't Erode Shareholder Rights
The oil and gas giant fought off calls by the New York City Comptroller's Office and proxy advisory firm Glass Lewis for shareholders to vote down the proposal.
USA Bureau of Land Management Fully Rescinds Public Lands Rule
'This Biden-era rule prevented energy and mineral production, timber management, grazing and recreation across the West', Interior Secretary Doug Burgum said.
Eni Says Its Biodiesel Successfully Tested on Cruise Ship
Eni said tests it had conducted with an MSC cruise ship showed that its Hydrogenated Vegetable Oil biofuel can power maritime transport without requiring engine upgrades.
TotalEnergies Resumes Syrian Activities with Mediterranean Exploration Deal
The agreement marks TotalEnergies' resumption of in-the-field activities in the country since the French energy giant ceased production about 15 years ago due to international sanctions against the Assad regime.
JP Morgan Publishes First Oil Price Forecast in 2 Months
'From the onset of the [U.S.-Iran] conflict, we deliberately refrained from publishing price targets for two months', J.P. Morgan analysts said.
Iran Conflict Fundamentally Altered Global Energy Landscape
The ongoing conflict in Iran has fundamentally altered the global energy landscape, J.P. Hanson, Managing Director and Global Head of the Oil & Gas Group at Houlihan Lokey, said.
BP Enters 6 Exploration Blocks in Uzbekistan
The six-block North Ustyurt production sharing contract is BP's first project in the Central Asian country.
Russia Sees Flat Oil Output This Year amid Ukraine Fightback
Russia expects its oil production to remain flat in 2026 and grow modestly in the coming two years as its energy infrastructure comes under intense drone attacks from Ukraine.
Strait Disruption Lifts Oil Again
Brent and WTI climbed sharply amid fears of prolonged supply disruptions in the Persian Gulf.
Petrobras Misses Estimates
Brazil's state-controlled oil company Petrobras fell short of earnings estimates as it held domestic gasoline prices stable during the war-driven price surge.
USA Oil, Gas Workforce Hits Lowest Level Since 2022
The number of employees in the oil and gas extraction industry has hit its lowest level since 2022, data on the BLS website shows.
Norden Assumes Its Ships Will Be Stuck in Hormuz All Year
One of the world's largest commodity shipping companies is planning for a scenario in which the Strait of Hormuz remains effectively shut for the rest of the year.
Petronas Inks 20-Year Charter Deal for 5 LNG Carriers
'MISC will provide project management services throughout the shipbuilding phase, followed by operationalization and ship management of the vessels upon delivery beginning 2029'.
PNG LNG Partners Approve New Upstream Development
Targeted to be put onstream 2028, the Agogo Production Facility is designed to deliver an incremental production of about 135 million cubic feet a day.
Another USA Gasoline Price Surge Could be Coming
Another U.S. gasoline price surge could be coming, GasBuddy warned in a blog posted on its website on Monday.
Uniper Flexes Diversified Procurement Portfolio as Profit Rises
'Our broadly diversified gas and LNG procurement portfolio is well positioned to withstand geopolitical risks and the resulting market fluctuations'.
Trump Says USA-Iran Ceasefire is on 'Massive Life Support'
'I would say the ceasefire is on massive life support where the doctor walks in and says, 'sir, your loved one has approximately a one percent chance of living',' U.S. President Donald Trump said.
