The latest oil and gas news from around the world.
Updated: 56 min 35 sec ago
Brent Nears $100 on Mideast Strikes
Oil rose as fresh Middle East strikes heightened concerns about global supply disruptions.
Venezuelans Split on Trump Oil Deal
Venezuelans are deeply divided over the Trump administration's oil deal with the country's interim authorities.
Tamboran Starts Supplying Beetaloo Gas to Northern Territory
Tamboran and Formentera Partners began initial gas sales from the Shenandoah South Pilot Project, introducing the Beetaloo Basin as a supplier for Australia's Northern Territory.
North America Loses Rigs for 3 Straight Weeks
North America dropped seven rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Saudi Arabia Halts Energy Sites
Saudi Arabia halted several energy facilities in the south.
TotalEnergies, Galp Complete Swap Involving Mopane, Venus Discoveries
'This transaction positions TotalEnergies as the operator of Namibia's two largest oil discoveries and strengthens its position in the Orange Basin, supporting the long-term value creation from prolific licenses'.
Oil Prices Hit 3-Month Highs
Oil prices rose for another session on Tuesday, reaching three-month highs, Paolo Broccardo, CEO at BankPro, highlighted.
OEUK Says Market Needs Firm Date for North Sea Tax Plan
Industry body Offshore Energies UK said the industry urgently needs a firm date for HM Treasury's North Sea tax plan.
Gazprom Boss Says Russia, Partners Have Enough Winter Gas
Alexey Miller, chair of the state-owned company's management committee, said Russia's underground gas storage inventories will reach a new all-time high this year.
Eni, Petronas to Jointly Explore High-Performance Biofuels
The Italian and Malaysian energy majors - partners with F1 teams - signed a collaboration agreement to test newer processes to produce biofuels for high-performance deployment.
China Buying More Oil despite Higher Prices
Undeterred by higher prices, importers shipped in 37.9 million tons last month, 6.2 percent more than in July, according to customs data.
Goldman Flags Risk of $120 Oil
Oil may rally to as much as $120 a barrel if attacks on shipping in the Middle East increase, according to Goldman Sachs Group Inc.
Williams Completes $5.5B Momentum Acquisition
'With the acquisition now complete, Williams has established a premier Haynesville position that strengthens our ability to serve rapidly growing LNG, power and industrial demand along the Gulf Coast'.
Venezuela OPEC Exit 'Structurally Likely'
Venezuela's exit from the OPEC group is 'structurally likely' but not for now, Kpler Senior Commodity Analyst Homayoun Falakshahi outlined in a market update.
GeoPark Enters Venezuela via Gilinski Partnership
GeoPark expects net production of about 400 million barrels from the redevelopment of the Bare Block, which currently produces around 11,000 barrels per day gross.
Ukraine Restarts Attacks on Refineries Deep Inside Russia
Ukraine says it hit oil processing plants in Russia's Perm region and Tatarstan overnight.
Dorian LPG Orders 3 New Vessels from Hanwha Ocean
The South Korean shipbuilder will deliver the dual-fuel Panamax VLGCs in 2030.
USA-VEN Oil Deal Not a Near Term SPR Filler
The U.S.-Venezuela oil deal is a long-term project, not a near-term U.S. Strategic Petroleum Reserve filler, Emily Ashford, Standard Chartered Bank's Head of Energy Research, said.
ExxonMobil to Acquire Papua LNG Operatorship from TotalEnergies
TotalEnergies said the transfer, which also involves a farm-down by the French majority owner, will help bring the project closer to a final investment decision.
OPEC+ 7 Reveal October Output Plan
A statement posted on OPEC's website on Sunday revealed Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman's production plan for October.
