The latest oil and gas news from around the world.
Updated: 2 min 4 sec ago
President Trump Visits Saudi Arabia
'With Brent hovering around $65, it's unlikely that oil prices will dominate the agenda during the Saudi visit', SEB Commodities Analyst Ole R. Hvalbye said.
North America Loses Rigs for 10 Straight Weeks
North America cut 12 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Eni Offers $1B Bond
Eni returned to the U.S. bond market with the 10-year offering.
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The study blamed the slow integration on outdated planning and policies that are slowing the upgrade and build-out of electricity highways.
Petrobras to Pay $2.1 Billion in Dividends
The Brazilian state-controlled oil producer approved dividends slightly below expectations amid a trade war that has created economic uncertainty and undermined oil prices.
Oil Prices Rise on Eased Trade Tensions
Analysts indicate the truce removed $3–$5 of downside from oil prices.
Equinor Weighs Killing NY Wind Farm After White House Visit
A termination would cause the company to lose much of its $2.7 billion investment on the project.
USA EIA Cuts Henry Hub Natural Gas Price Forecast for 2025
The U.S. Energy Information Administration has reduced its Henry Hub natural gas spot price forecast for 2025 in its latest short term energy outlook.
APA to Slow Down Activity amid Price Volatility
APA said it is lowering its 2025 spending plan by $175 million to protect cash flow amid uncertainty in commodity prices.
Shell's LNG Canada Plans First Exports as Soon as Late June
Shell Plc's liquefied natural gas project in Canada, the country's first large-scale export terminal for the fuel, is preparing to begin overseas sales as soon as late June.
Murphy Discovers More Oil in Cuu Long Basin offshore Vietnam
'The Lac Da Hong (Pink Camel) discovery, combined with the recently announced Hai Su Vang (Golden Sea Lion) discovery, deepens our understanding of the resource potential in our Cuu Long Basin blocks'.
Alliance Energy Acquires 18 Propane Terminals from NGL Energy
The propane terminals are strategically located across multiple regions.
Constructive USA-China Tone Lifts Market Sentiment
Crude oil prices rose on Monday, extending their rebound, Inki Cho, Financial Markets Strategist Consultant to Exness, stated in a market analysis sent to Rigzone today.
WhiteHawk Energy to Acquire PHX Minerals for $187MM
WhiteHawk will add approximately 1.8 million gross unit acres of premier natural gas mineral and royalty assets, significantly expanding its footprint in the core of the Haynesville Shale.
JP Morgan Says Oil Demand in Early May 'Indicates Tepid YoY Growth'
'We anticipate that oil demand will likely improve in the coming weeks', analysts at J.P. Morgan said.
Alliant Energy Profit Beats Expectations
Alliant Energy posted $213 million in net income for Q1, up from $158 million for the same three-month period last year as power and gas utility revenue rose.
Iberdrola Sells UK Smart Metering Unit to Macquarie
Iberdrola inked a deal to divest SPSMAL to Macquarie for about $1.2 billion.
Aramco Profit Drops with Weak Oil Signaling More Strain
Q1 net profit slipped 4.6 percent to 97.5 billion riyals ($26 billion).
LandBridge Posts Higher Revenue
LandBridge reported $44 million in revenue for Q1.
Adnoc Drilling CFO Sees $500MM of Acquisitions This Year
The drilling unit of the United Arab Emirates' biggest oil company expects to make three acquisitions in the second half of this year totaling about $500 million.
