The latest oil and gas news from around the world.
Updated: 55 min 1 sec ago
Naftogaz More Than Doubles Profit for 2024
The Ukrainian state-owned oil and gas company reported about $913.28 million in net profit for last year, up 64 percent from 2023 as natural gas production grew.
Is $100 Oil Possible In 2025?
Rigzone talks to Carole Nakhle, the Chief Executive Officer of London based consultancy Crystol Energy.
Equinor Sells Majority Stake in Brazil Field for $3.5B
Brazil's Prio will become the sole owner of the producing oilfield in the Campos Basin.
OPEC Output Down in April
OPEC's crude production fell last month despite the group's long-awaited plans to increase, with much of the reduction stemming from looming U.S. sanctions on Venezuela.
European Commission Backs Nine Renewables Projects in Finland, Estonia
The awarded projects will install a total of 445.65 MW of capacity expected to be commissioned by 2028.
Graham Says He Has Broad Senate Support for New Russia Sanctions
'The goal is to help the president,' Lindsey Graham, a South Carolina Republican, told reporters Wednesday.
Oil Rebounds on Trump Sanction Threats
US oil jumped 1.8% after Trump warned of secondary sanctions on Iranian crude buyers.
BP to Supply Woodside's Louisiana LNG
Woodside tapped BP for the supply of up to 640 Bcf of gas for the U.S. Gulf Coast project.
IPR Announces 'Significant Hydrocarbon Discovery' in Egypt's Western Desert
IPR Energy Group announced 'another significant hydrocarbon discovery' in the Yidma field.
CNOOC Ltd Quarterly Profit Down YoY on Lower Prices
CNOOC Ltd.'s production rose year-on-year to 188.8 MMboe in Q1.
USA Crude Oil Inventories Drop Week on Week
Crude oil stocks, not including the SPR, stood at 440.4 million barrels on April 25, the EIA's latest weekly petroleum status report showed.
Houston-Based HYCO1 Signs MoU with Malaysia LNG for CCU Project
The carbon capture and utilization (CCU) project will be located in Bintulu in Sarawak, Malaysia.
INEOS to Supply LNG for Covestro Operations in Europe
The British diversified conglomerate will supply the German major polymer materials producer with LNG for up to eight years from 2027.
USA, Ukraine Sign Resources Deal After Fraught Negotiations
The U.S. and Ukraine reached a deal over access to the country's natural resources.
Masdar, OMV Eye Green Hydrogen Partnership
The Emirati and Austrian companies signed a letter of intent to collaborate on producing renewable power-generated hydrogen and derivatives.
JP Morgan Analysts Say Sentiment on Oil is Neutral to Optimistic
'Many believe we are in a 'peak Trump' phase, suggesting that the worst is behind us and we are now entering a period of de-escalation', JP Morgan analysts said.
Subsea 7 Revenue Up 10 Percent YoY
Robust operational results in Subsea and Conventional, along with elevated activities in Taiwan's renewables sector, helped counterbalance seasonal slowdowns and vessel upkeep.
PetroChina Boasts Stable Growth in Q1 2025
PetroChina reported sustained growth in oil and gas output while bolstering momentum in new energies.
IMF Lowers Growth Outlook for Gulf Oil Producers after Price Slump
The IMF downgraded its growth forecasts for MENA oil exporting countries including Saudi Arabia and Iraq, citing escalating global trade tensions and lower energy prices.
Alberta Leader Smith Lashes Out at Liberals, Wants New Deal
Alberta Premier Danielle Smith challenged Mark Carney to strike a better deal for her oil-rich province.
