The latest oil and gas news from around the world.
Updated: 55 min 2 sec ago
Alaska Oil, Gas Lease Auction Draws Just 2 Bidders
Only two bidders participated in the Trump administration's auction for drilling leases in Alaska's Arctic National Wildlife Refuge.
Philippines Taps Japan to Help Build Oil Reserve
Japan agreed to help the Philippines establish a government-owned oil stockpile, while Manila is also pushing for a Southeast Asian reserve as ASEAN chair this year.
OPEC+ 7 Decide to Boost Production in July
Rystad said the production increases 'will have little to no real impact on the oil markets'.
BGN Orders 2 More LPG VLGCs from HD Hyundai
BGN has now ordered 6 new LPG VLGCs from the South Korean shipbuilder, all to be delivered 2029.
Oil Rebounds on Fresh Middle East Supply Risk Pricing
Zaye Capital Markets sees today's oil price move 'as a geopolitical premium rather than a clean demand rally'.
Eni Gets Exploration Block offshore Gambia
'The block is located in a region of the Atlantic margin with proven hydrocarbon discoveries'.
Israel Fires Back at Iran after Missile Attacks
Israel said it struck several military targets in Iran, retaliating against missile attacks by Tehran despite Trump's call for Netanyahu to refrain from hitting back.
OPAL Fuels, GFL Agree 2 Landfill Gas Projects
GFL and OPAL Fuels agreed on 2 joint projects to enable renewable natural gas production at the Stones Throw Landfill in Tallapoosa County, Alabama and the Grady Road Landfill in Polk County, Georgia.
UK Sees Risk of $100 Oil Until 2028
The UK government has revised its internal oil price forecasts upwards.
Survey Shows OPEC Output Plunges Further
War between a U.S.-Israeli alliance and Iran has taken a heavy toll on oil supplies from the Middle East.
Oil Retreats on Global Demand Fears
Oil prices fell as traders weighed weakening global demand against stalled US-Iran negotiations.
Bilfinger Offshore Workers Striking Over Pay
'Strikes on the Alba FSU and FPF1 will have a significant impact on the day to day operations of these assets', Unite Industrial Officer Paula Buchan warned.
Arctic Refuge Auction Will Test Oil Industry Appetite
President Donald Trump vowed to reopen Alaska's Arctic National Wildlife Refuge to oil drilling.
Clean Energy Fuels Starts Up New RNG Plant in Idaho
The project, which has a capacity to process more than 5 million gallons a day of manure, is 'one of the largest single-site dairies and RNG facilities in North America', Clean Energy said.
Strike Averted as About 8,000 Workers offshore Norway Win Pay Raise
New agreements including pay increases averted a strike that had threatened to cut Norwegian oil and gas production by over 45,000 barrels of oil equivalent a day.
Why Is Oil Still Under $100?
That's the question Macquarie Group economists, including Ric Deverell, Chief Economist and Head of Macro Strategy at Macquarie Group, asked in a report sent to Rigzone recently.
Scottish Parliament Votes for Transfer of Energy Powers
'We are formally requesting the devolution of powers that we need to maximize our remarkable energy potential', Scotland's Energy Minister Stephen Gethins said.
Matador Resources Inks Marketing Deals with Energy Transfer
'This transaction is an additional step taken by Matador's marketing team to improve all-in pricing netbacks and reduce exposure to Waha Hub pricing in the second half of 2026'.
Skirmishes in Lebanon as Hezbollah Rejects Mideast Truce
Even so, Hezbollah's attacks on northern Israel have eased, while Israel has held off striking Beirut after threatening to do so.
Trafigura Pays Record Dividend as Profit Soars Over $4B
Trafigura Group made a record payout to its top traders and executives.
