The latest oil and gas news from around the world.
Updated: 43 min 41 sec ago
USA DOE Announces 1st Step in its 'Largest Deregulatory Effort in History'
In a statement posted on its website this week, the U.S. Department of Energy announced 'the first step in the Energy Department's largest deregulatory effort in history'.
US, Saudi Arabia Ink Energy, Critical Mineral Deals
The agreements were signed during Trump's visit to the kingdom, in which the U.S. president secured $600 billion in investment commitments from Saudi partners.
Tallgrass Secures Shipping Deals for Planned Permian Gas Pipeline
The firm transport commitments 'financially justify construction of the pipeline project', planned to carry up to 2.4 Bcf from the Permian.
Trump Favors $40-$50 Oil, Goldman Says After Sifting Posts
President Donald Trump appears to prefer U.S. oil prices between $40 and $50 a barrel, according to Goldman Sachs Group Inc.
EIA Expects USA Gasoline Price to Drop in 2025 and 2026
The U.S. Energy Information Administration expects the U.S. regular gasoline retail price to drop this year and next year, according to its latest short term energy outlook.
Tenaz Closes Acquisition of NOBV, Widens Q1 Net Loss
The acquired assets produced approximately 11,000 barrels of oil equivalent per day (boepd), consisting of 99 percent natural gas, for the first four months of 2025.
Kimmeridge Finalizes Glencore Gas Deals
Kimmeridge sealed agreements announced last year to supply Glencore with 2 MMtpa of LNG from Commonwealth LNG and equivalent natural gas from Kimmeridge Texas Gas.
S&P Global Says USA Crude Oil Production Now Expected to Decline in 2026
'U.S. crude oil production is now expected to decline in 2026 - the first year on year decline in U.S. production in roughly a decade, excluding the 2020 Covid-19 pandemic', an S&P Global analysis piece stated.
Ghana's Mahama Fine Tuning Regime to Accelerate Crude Extraction
Ghana is encouraging investors to get the country's crude out of the ground.
Aramco in Talks with Woodside for Louisiana LNG Stake
Woodside inked a non-binding collaboration deal with Aramco including for the Saudi oil giant's potential offtake from and ownership in Louisiana LNG.
Europe Has 1,700 GW of Unlinked RE, Hybrid Projects: Study
The study blamed the slow integration on outdated planning and policies that are slowing the upgrade and build-out of electricity highways.
Gunvor Financed Gabon Deal for Tullow Oil Assets
The commodity trader made another significant oil deal in Gabon, its second since the country sought more control of national assets following a coup d'etat in 2023.
Crude Rebounds Over 11% from Lows
Oil jumped nearly 3% as Trump threatened new sanctions on Iranian crude exports.
GOP to Phase Out Biden Energy Credits to Pay for Tax Cuts
The incentives put in place by former President Joe Biden's signature climate law have been ripe targets for lawmakers looking for trillions of dollars to help pay for extending Trump's tax cuts.
Macquarie Strategists Forecast 7.6MM Barrel USA Crude Inventory Build
Macquarie strategists are forecasting that U.S. crude inventories will be up by 7.6 million barrels for the week ending May 9.
Intel Certifies Shell Lubricant for Cooling AI Data Centers
So far, companies have largely used giant fans to reduce temperatures inside AI data centers, which generate more heat in order to run at a higher power.
NRG to Acquire Gas Generation Plants, VPP from LS Power for $12B
'The acquisition will double NRG's generation capacity to 25 GW, adding modern, flexible natural gas assets that cannot be replicated'.
Aspen Wind Project in UK North Sea Pledges over 1,000 Jobs
Cerulean Winds signed a charter on Monday confirming more than 1,000 jobs including 100 apprenticeships in the Aspen wind project on the UK side of the North Sea.
Canadian Natural Q1 Earnings Beats Estimates on Record Production
The company said it posted a record quarterly average production in the first quarter of around 1.6 million barrels of oil equivalent per day (boepd).
Tourmaline Signs Two Acquisition Deals for NEBC Montney Assets
The two transactions will add approximately 20,000 barrels of oil equivalent (boepd) of current production.
