The latest oil and gas news from around the world.
Updated: 56 min 2 sec ago
Swedish Pension Fund Disinvests from EOG, MEG Citing Lack of Climate Plans
AP7 has now included 53 fossil fuel companies in its blacklist, expanded December 2016 to target firms deemed misaligned with the Paris Agreement.
Eco Atlantic Loss Widens
Eco Atlantic reported a net loss of $1.63 million and $2.76 million for the three and six months ended September 30 respectively.
Texas Oil Town Odessa Now Among USA Cities With Highest Wages
Texas oil town Odessa and Denver joined the top 10 U.S. metropolitan areas with the highest weekly wages over the past year.
Oil Drifts Lower in Thin Post-Holiday Trading
Trading volumes were lower due to Thursday's Thanksgiving holiday.
Europe's Gasoline Exports Set to Rebound From Post-Covid Low
Europe's gasoline market is getting a boost.
Next 4 Years Could Prime LNG for Golden Era
Rystad Energy said the next four years could prime the LNG markets for a golden era.
TotalEnergies Eyes $750MM Gas Project in Nigeria to Boost LNG Supplies
French energy major TotalEnergies may greenlight a $750 million gas project in Nigeria next year.
Eni Wins Exploration Rights for Four Blocks Offshore Ivory Coast
The new nine-year licenses allow Eni to grow a footprint that already includes the two biggest hydrocarbon discoveries in the Western African country.
SEB: Speculation Surrounding Potential USA Oil Output Surge Gains Attention
'Speculation surrounding a potential surge in U.S. oil production - up three million barrels per day - has gained attention', a SEB analyst said.
Saipem Wins Build Contract for $7B BP Gas-and-CCUS Project in Indonesia
The EPCI contract awarded to Saipem and Jakarta-based Meindo Elang Indah amounts to about $1.2 billion.
Brent Remains Tightly Rangebound
'This is despite some significant news flow', BMI said.
Gorgon CCS in Australia Falls Further from Declared Target: IEEFA
The underperformance reflects a trend among CCS projects across the globe and casts doubt 'on the financial viability of ambitious CCS plans by Australian governments and companies', IEEFA said.
Swedish Pension Fund Disinvests from EOG, MEG Citing Lack of Climate Plans
AP7 has now included 53 fossil fuel companies in its blacklist, expanded December 2016 to target firms deemed misaligned with the Paris Agreement.
Pemex Freezes New Contractor Deals as It Works Out $20B Owed to Suppliers
The temporary halt by Pemex's exploration and production arm applies to new agreements with contractors that haven't been previously formalized.
Petrobras, European Energy Eye Building E-Methanol Plant in Brazil
'The abundant resources of the country and the geographic location makes it an ideal hub for green methanol production'.
Iran Oil Kingpin's Hedge Fund Preparing to Shut London Office
The hedge fund was recently suspended by Dubai's financial free zone and is the subject of a probe by the U.S. Treasury Department, Bloomberg News reported.
Atlantic Hurricane Season Featured Record Breaking Ramp Up After Lull
NOAA said this year's Atlantic hurricane season 'showcased above-average activity, with a record-breaking ramp up following a peak-season lull'.
US DOE Enlists AI to Speed Up Approval Process for Interconnection Projects
The DOE announced a $30 million funding opportunity for AI solutions that streamline the application process for grid interconnection projects.
China's EV Boom Threatens to Push Gasoline Demand Off a Cliff
Signs of the electrification of China's transport fleet, and the demise of gasoline, are everywhere.
New Zealand Risks Industrial Closures amid Gas Shortfall: Study
The industry-commissioned study said a switch to renewables is economically viable but gas is needed in the short- and medium-term.
