The latest oil and gas news from around the world.
Updated: 14 min 12 sec ago
California Gets Federal Clearance to Ban New Fossil Fuel Cars from 2035
The EPA granted waivers for two regulations in California that aim to reduce transport emissions, including one that will phase out the sale of new fossil fuel vehicles by 2035.
BP, Iraq Advance Redevelopment of Kirkuk Oil and Gas Fields
The British oil giant has a long history with the second-largest producer in the Organization of Petroleum Exporting Countries.
DOE Releases Updated Study on LNG Exports, Industry Reacts
The API, AXPC, NOIA, and AEA have all reacted to the updated study.
Chevron Gets Another Permit to Study Potential CCS Offshore Australia
The G-20-AP permit covers an area of about 857.92 miles adjacent to Barrow Island.
Saipem Secures Contracts for UK Carbon Capture Projects
When completed, the projects will contribute to the realization of the first zero emission industrial hub in the Northeast of England.
Chevron, Woodside Consolidate LNG Assets in Australia in Swap Transaction
Woodside and Chevron Australia entered an agreement to swap assets including the Wheatstone and North West Shelf gas projects in Western Australia.
Oil Market Becoming Less Bearish, Macquarie Strategists Say
'If prices don't break below $70 by 2Q25, the bear thesis will need to be revisited', Macquarie strategists said.
Baltic, Nordic States Intensify Crackdown against Russia's ‘Shadow Fleet'
The UK, Denmark, Sweden, Poland, Finland and Estonia will require 'suspected shadow vessels' to show proof of insurance.
Change at LNG Canada Helm as Cooper Takes Over from Klein
Chris Cooper, currently Senior Vice President for Phase 1 Pipeline and Expansion, will succeed Jason Klein as President and CEO effective April 1, 2025.
Nigeria Approves Shell's $1.3 Billion Sale of Onshore Assets to Renaissance
Nigeria approved a $1.3 billion deal that would see a group of local companies buy Shell's onshore assets in Africa's biggest crude producer.
Oil Gains on US Exports, Fed Outlook Curbs Gains
Oil prices rose on strong US crude exports signaling firm global demand but pared gains after the Federal Reserve scaled back rate cut expectations, boosting the dollar and weighing on commodities.
Saudi Arabia Taps Aramco Oil Field Brine in Lithium Battery Push
Saudi Arabia is exploring projects that can produce lithium for batteries.
Denmark Warns Russia May Send Warships to Escort Oil Tankers
Denmark warned that Russia's navy may start escorting the so-called shadow fleet tankers through Danish straits.
USA Will See Least Crude Oil Net Imports in a Year Since 1971 in 2025
The EIA noted in its December STEO that a combination of increasing domestic crude oil production and decreasing U.S. refinery runs means reduced net imports of crude oil next year.
INEOS to Acquire CNOOC Assets in US Gulf of Mexico
The acquisition consists of non-operating stakes in deepwater early-production projects Appomattox and Stampede, as well as 'several mature assets and supporting business'.
USTDA Aids Methane Emissions Reduction in Egypt Oil and Gas Industry
The U.S. Trade and Development Agency awarded a technical assistance grant to Egyptian General Petroleum Corp.
Parex Acquires Stakes in Colombia Assets
The Putumayo collaboration agreements 'establish a new core area' for Parex.
Equinor Makes Discovery Near Troll Field in North Sea
Equinor announced that it has made a discovery 17km (10.5 miles) west of the Troll field in the North Sea.
What to Watch in Oil in 2025
Rystad Energy and BMI highlight a range of trends and themes to watch out for next year.
Kazakhstan Bucks OPEC+ Production Cuts Extension
'I order the Energy Ministry to intensify efforts to increase natural gas and oil output,' Prime Minister Olzhas Bektenov told a government meeting.
