The latest oil and gas news from around the world.
Updated: 29 min 18 sec ago
QPM Secures Four-Year Dispatch Rights for Moranbah Power Station
Carbon Logica will buy the 12.8-MW gas-fueled station from Sustainable Energy Infrastructure and lease it to QPM, which can acquire the station after the four-year operating agreement with Carbon Logica ends.
UK, Norway to Launch Clean Energy Partnership Next Year
The partnership focuses on cross-border carbon capture opportunities in the North Sea.
Uniper Seeks Buyers for 18.26 Percent Stake in Baltic Gas Distributor
The sale is part of divestments that Uniper agreed to for the European Commission to approve its bailout by the German government in 2022.
OMV, Wien Energie Start Work on Vienna's First Deep Geothermal Plant
OMV and Wien Energie started drilling to a depth of about 9,840 feet for their joint geothermal project in Aspern (Vienna-Donaustadt).
Oil Drops as Equity Market Weakness and Chinese Data Weigh on Prices
Crude has fallen about 14 percent in the second half of this year on concerns about the outlook for 2025.
UK Targets Russian Oil Trading 'Lynchpins' in Fresh Sanctions
The UK announced fresh sanctions targeting alleged 'lynchpins' that enable the trade of Russian oil.
How Much Crude Oil is the USA Producing?
Rigzone takes a look at the latest EIA data.
Shell Approves Phase 3 of Silvertip in US Gulf of Mexico
The phase 3 project involves two wells with a combined capacity of 6,000 boed.
BRS Says Russia Oil Being Delivered on More Mainstream Tankers
The share of regular ships taking Russian crude over recent weeks has climbed by about two percent, BRS said in a note dated Dec. 16.
US DOE Allots $6MM for CO2 Transport Project in Texas
The selected project aims to explore the transport of CO2 from onshore industrial and power generation facilities to offshore secure geologic storage in Texas state waters.
Signals from Trump Admin Point to Maximum Pressure on Iran Approach
'Last time Donald Trump was president he drove down Iranian oil exports to close to zero', SEB's chief commodities analyst highlighted.
Suncor Boosts Upstream Production
The Calgary, Alberta-based also boosted annual refining utilization of 93 percent to 97 percent.
Macquarie Strategists Forecast USA Crude Inventory Drop
Macquarie strategists are forecasting that U.S. crude inventories will be down for the week ending December 13.
Qatar Boosts Presence in Namibian Orange Basin
QatarEnergy signed an agreement to acquire from Chevron a 27.5 percent stake in Block 2813B offshore Namibia in the Orange Basin.
OMV Terminates Long-Term Austrian Supply Contract with Gazprom
'OMV is in a position to fulfil all of its customer contracts from alternative gas sources'.
Shell Greenlights Bonga North Oil Project in Nigeria
Bonga North is expected to peak at 110,000 bopd, with production expected to start by the end of 2030.
Chappal Plans Equity Sales after Purchase of TotalEnergies Assets
Chappal, a Mauritius-based oil and gas exploration company focused on Africa, is planning to bring on new investors once it completes the purchase of TotalEnergies assets in Nigeria.
XRG, BP Finalize Arcius Energy JV Creation
BP holds a 51 percent ownership while ADNOC-owned XRG has the remaining 49 percent.
EU Sanctions 52 Vessels Linked to Russia
The vessels allegedly breached the G7 price cap on Russian crude and oil products, participated in the Russian energy trade, transported military equipment for Russia or transported stolen Ukrainian grain.
Oil Prices Settle Lower on China Demand Concerns
Oil prices slid as weak economic data from China heightened demand fears, counterbalanced by EU sanctions on Russian tankers and bullish market bets on potential geopolitical disruptions.
