The latest oil and gas news from around the world.
Updated: 5 min 17 sec ago
B&W to Convert Coal Plant to Gas for AES Indiana
The project will help AES Indiana phase out the use of coal and reduce carbon dioxide emissions by converting the 1,160-megawatt (MW) Petersburg plant's two coal-fired boilers to use natural gas as fuel
ASEAN State-Owned O&G Firms to Agree Methane Baseline As Early As 2025
The baseline will be 'informed by internationally recognized practices, to be followed by a quantifiable collective methane emissions reduction ambition by 2030'.
Dryad Flags Nuclear Bomb Threat for Oil
Ukraine's use of U.S. long-range missiles to target Russian territory could have profound consequences for Black Sea maritime operations, Dryad Global said.
Norway Gas Output in October Up Over 40 Percent Sequentially
Norway, the EU's top source of natural gas, sold 374.34 Bcf last month.
Nigeria Promotes New Crude Oil Grade to Europe
Nigeria's national oil and gas company is seeking offtakers as it works to double production capacity for the new Utapate crude oil to 80,000 bpd by the end of 2025.
Petrobras Plans Up to $55 Billion in Dividends through 2029
Brazil's state-controlled oil producer plans to pay as much as $55 billion in dividends through 2029 as part of its five-year business plan.
Russia and Ukraine Conflict Pushes Oil to Two-Week High
Oil rose above $70 on geopolitical tensions and strong demand signals, despite looming supply concerns and OPEC+ uncertainty.
Kuwait to Spend Over $30B to Boost Oil in Bet on Demand
'We're looking to make massive investments'.
USA EIA Update Shows Declining Price Trend for Gasoline
In its latest fuel update, the U.S. Energy Information Administration showed a declining price trend for gasoline.
US DOE Awards $2.2 Billion for Two More Clean Hydrogen Hubs
Five of the seven U.S. clean hydrogen production hubs have now completed negotiations and locked in DOE funding, a total of $7 billion sourced from the Bipartisan Infrastructure Law.
Arbitration Claims Against LNG Exporter Reach Close to $6B
Claims in cases by eight separate companies, including some oil majors, total as much as $5.9 billion.
Oil Groups Announce Priorities for Incoming Trump Administration
The API and IPAA have announced their priorities for the incoming Trump administration.
EnerMech Secures Multimillion Deal with Major E&P Firm
The agreement, which has a duration of a minimum of five years, focuses on the management, maintenance, and inspection of FHA and SBT systems.
Exxon Ropes in LG Chem as Buyer for Planned US Lithium Project
LG Chem signed a deal with ExxonMobil to potentially purchase up to 100,000 metric tons of lithium carbonate from a planned Arkansas project of the U.S. oil and gas giant.
Macquarie Strategists Expect Oil Prices to Test New Lows in 2025
Macquarie strategists revealed that they expect oil prices 'to test new lows' next year.
Shell Exits Ukraine by Selling Stake in Fueling Network to State-Owned Firm
The retail stake is Shell's remaining investment in Ukraine after the company ended all upstream activities there in 2021.
Santos Aims for 14 MMtpa Carbon Storage Portfolio by 2040
Santos targets to establish a carbon storage business with a capacity to permanently store 14 MMtpa of third-party carbon dioxide equivalent emissions by 2040.
European Commission Approves Aid for Coal Mine Closures in Romania
The aid will help cover exceptional costs arising from the closure of the four uncompetitive coal mines of Lonea, Lupeni, Livezeni and Vulcan in the Jiu Valley.
Aramco to Take on More Debt, Says CFO
The company's debt sales will be 'regular but not too frequent'.
Equinor Hires Deepsea Bollsta for More Drilling on NCS
'We plan to deliver 50-70 increased recovery wells and 20-30 exploration wells annually going forward'.
