The latest oil and gas news from around the world.
Updated: 6 min 26 sec ago
Canada's Oil Sands Emissions Intensity Falls for Sixth Year
Canada's oil sands industry reduced its emissions per barrel for the sixth straight year in 2023.
Kenya Says Tullow Asset Sale 'Raises Concern' for Oil Sector
Kenya lawmakers said a lack of detail over Tullow Oil Plc's sale of oil assets to local company Gulf Energy 'raises concerns' for the industry in the East African nation.
Oil Rises as Solid USA Jobs Data Pushes Algos to Drop Short Bets
Oil rose as stronger than expected U.S. jobs data eased concerns about an economic slowdown that would crimp demand.
Alaska LNG Attracts Potential Partners in Asia, EU
The companies 'expressed interest for over $115 billion of contract value for various partnerships with the Project, including equipment and material supply, services, investment, and customer agreements'.
EIA Fuel Update Shows Declining USA Gasoline, Diesel Price
In its latest gasoline and diesel fuel update, the U.S. Energy Information Administration showed a declining price trend for U.S. regular gasoline and U.S. on-highway diesel fuel.
USA Targets Niche Gas That China Can't Replace as Trade War Chip
America supplies China with almost all of its ethane.
BC Upholds Prince Rupert Gas Pipeline Permit
Proposed route changes remain under review.
BC Uplholds Prince Rupert Gas Pipeline Permit
Proposed route changes remain under review.
MODEC, Carbon Clean Boost Cooperation on FPSO CO2 Capture System
Carbon Clean and MODEC signed a deal to accelerate the development of an offshore floating solution for the capture of carbon dioxide.
Equinor, Centrica Sign $27 Billion Gas Sales Deal
'I am very pleased to strengthen the energy partnership with the UK and our longstanding partner and customer Centrica,' Equinor President and CEO Anders Opedal said.
Hoegh Evi, Aker BP Get DNV Initial Approval for CO2 Carrier Design
'While initially sized to handle up to 10 million tonnes of CO2 per annum, it may be scaled to accommodate growing market demand'.
BP Enters Into Series of Azerbaijan Deals
'These agreements represent progress against BP's strategy to grow long-term shareholder value', BP said.
Bilfinger Picked by Cadent to Upgrade UK Gas Distribution Network
Cadent contracted Bilfinger to update critical elements of the UK's largest gas distribution network.
Uniper Workers Ramp Up Pressure on Government to Rule Out Sale
Uniper's labor representatives are ramping up the pressure on the German government to decide against an outright sale and instead list the utility on the stock market.
Petronas to Cut 10 Pct of Workforce on Profit Slump
Petronas, Malaysia's state-owned oil and gas company, will cut about 10 percent of its workforce in a firm-wide restructuring.
Oil Rises as Traders See Trump-Xi Call as Sign of Easing Tension
Oil rallied as signs the U.S.-China trade war may ease outweighed concerns about increased OPEC+ crude output.
Venezuela Partners With Smaller Oil Firms as Chevron Scales Back
Chevron's license allowing it to produce and export crude to the US ended in early April and the company was allowed until May 27 to wrap up work.
USA Crude Oil Inventories Drop 4.3 Million Barrels Week on Week
Crude oil stocks, not including the SPR, stood at 436.1 million barrels on May 30, the EIA's latest weekly petroleum status report showed.
Two US DOE-Funded Lithium Projects Set for Streamlined Permitting
The Kings Mountain and Liberty Owl lithium projects have made it to a list of critical mineral production projects added to the Federal Permitting Dashboard, giving them a streamlined process.
Viper Energy to Buy Sitio Royalties Corp in $4.1B Deal
The transaction is subject to customary regulatory approvals and is expected to close in the third quarter of 2025, a joint statement said.
