The latest oil and gas news from around the world.
Updated: 54 min 14 sec ago
Offshore TotalEnergies Workers Being Balloted for Strike Action
Unite announced that offshore workers employed by TotalEnergies are being balloted for strike action.
Woodside Reaches $17.5-B Investment Decision on Louisiana LNG
The Australian company approved phase 1, which involves 3 liquefaction trains with a combined capacity of 16.5 MMtpa, out of a total permitted capacity of 27.6 MMtpa.
Crescent Closes Sale of Permian Basin Assets for $83MM
The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3,000 barrels of oil equivalent (boepd).
EnQuest Wins Bidding for 2 PSCs in Indonesia
EnQuest said the award marks its entry into Indonesia, 'a country that offers a broad range of growth opportunities that span the full upstream lifecycle'.
Total USA Petroleum Products Demand Projected to Rise in 2025 and 2026
The EIA expects total U.S. petroleum products consumption to increase in 2025 and 2026.
BP Plans $3-4B of Divestments This Year
'This underpins our confidence in meeting our net debt target of $14-18 billion by the end of 2027'.
North America Loses Rigs for 8 Straight Weeks
The total North America rig count stands at 715, according to Baker Hughes' latest North America rotary rig count.
Spain Slowly Returning to Normal After Crippling Blackout
Spain and Portugal were returning to some semblance of normality early Tuesday.
Emera, Nova Scotia Power Report Cyber Breach
The companies said the incident has not impacted Nova Scotia Power's physical operations and Emera's utilities in the U.S. and the Caribbean.
US Urges Eastern Europe to Split from EU Energy Transition Aims
The U.S. energy secretary said western Europe chose the wrong path of expensive 'top-down imposition of enforced climate policies'.
TechnipFMC Logs Higher Q1 Revenue
TechnipFMC posted $2.23 billion in revenue for the first quarter.
Crude Dips to Two-Week Low Amid Trade War Fears
Oil prices slid as weak US data and trade tensions with China deepened worries over energy demand.
Matador Sees YoY Increase in Profit as Output Rises
Matador posted $240.1 million in net profit for Q1 2025, up 24 percent from the $193.7 million logged for Q1 2024.
Phillips 66 to Build 300 MMcfd Gas Processing Facility in Permian
Expected to start operation in Q1 2027, the Iron Mesa gas plant will serve Delaware and Midland Basin production.
ORLEN Signs Third Contract to Supply Naftogaz with Natural Gas
The agreement brings the total contracted volume of US-sourced gas supplied to Ukraine to 300,000 cubic meters.
SLB Logs Lower Profit for Q1
Despite being weighed down by the potential impact of tariffs, SLB expects to exceed its policy of returning over 50 percent of free cash flow to shareholders this year.
What Are the Latest AI Developments Oil and Gas Needs to be Aware Of?
Rigzone talks to Toni Fadnes, the Chief Transformation Officer of eDrilling.
Woodside Posts $3.32B Revenue for Q1
Q1 revenue fell five percent from the prior three-month period primarily due to lower production and weaker oil-linked prices.
Naftogaz Keeps Gas Prices Unchanged for Another Year
Naftogaz will continue delivering natural gas to households in Ukraine at the current regulated rate until April 2026 to reflect the current moratorium on raising gas tariffs.
