The latest oil and gas news from around the world.
Updated: 3 min 53 sec ago
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.
USA Commercial Crude Oil Inventories Drop
Crude oil stocks, excluding the SPR, stood at 428.4 million barrels on November 22, according to the EIA.
QatarEnergy Starts Building 1.2 MMtpa Blue Ammonia Facility
QatarEnergy broke ground for a blue ammonia project in Mesaieed that it says will be the biggest of its kind in the world with a capacity of 1.2 MMtpa.
Market Circumstances Not Supportive of OPEC+ Cut Unwind, StanChart Says
'We think the best strategy is a delay in unwinding, perhaps even well beyond the end of Q1', Standard Chartered analysts said.
ADNOC Forms $80B Investment Firm to Grow Gas, Chemicals, Low-Carbon Assets
The new company will start activities in the first quarter of 2025.
Baker Hughes Expands Footprint in Namibia with Multiple Facilities
Baker Hughes opened a liquid mud plant, cement bulk facility, and integrated multi-modal facility in Namibia.
Eni Partners with MSC on Decarbonization
'This agreement marks the start of our collaboration with MSC in the decarbonization of transport and cruise services'.
European Buyers of Russian Gas Rush to Find Workaround to US Bank Sanctions
Washington put sanctions on Gazprombank, which some central European nations use to pay Moscow, raising the risk of a cut-off of gas.
Oil Prices Steady in Choppy Trade Ahead of OPEC+ Meeting, Thanksgiving
Crude struggled to find a direction in the last session before the U.S. Thanksgiving holiday.
Total Pauses New York Offshore Wind Project After Trump Win
TotalEnergies SE has halted development of an offshore wind farm it plans to build off the coast of New York.
OPEC, Russia Hold High Level Meeting
The meeting was co-chaired by Alexander Novak, Deputy Prime Minister of the Russian Federation, and Haitham Al Ghais, Secretary General of OPEC.
US to Support Nuclear Power Development in Lithuania
The U.S. and Lithuania inked a deal that will 'reinforce Lithuania's capacity to serve as a regional energy exporter, particularly as all the Baltic states desynchronize from the Russian electricity grid'.
OPEC's Dilemma - Another Year of Oil Supply Curbs or Price Slump
When OPEC+ ministers meet this weekend, they confront an unpalatable choice.
ConocoPhillips Offers $5.2 Billion Bonds to Refinance Debt
ConocoPhillips has placed a five-tranche note offering with a combined principal amount of $5.2 billion to refinance existing debt including $4 billion in debt securities assumed when it acquired Marathan.
Macquarie Strategists Predict Near 6MM Barrel USA Crude Inventory Drop
The EIA's next weekly petroleum status report will be published later today.
Tanker Operator TEN Posts Higher Q3 Earnings Helped by China Oil Imports
'During the summer months of 2024, lower oil prices steered an upsurge in Chinese oil imports that facilitated stockpiling and acted as a catalyst for the recovery of tanker spot rates'.
Harbour Energy Confirms North Sea Vessel-Rig Collision
'As a precautionary measure, 52 non-essential personnel have been downmanned from the Valaris 120 installation' Harbour Energy said.
Air Liquide to Build Clean Hydrogen Plant for TotalEnergies Biorefinery
Air Liquide agreed to build a renewable energy-powered hydrogen production facility to curb emissions at TotalEnergies' La Mede biorefinery in southeast France.
