The latest oil and gas news from around the world.
Updated: 9 min 38 sec ago
USA Shale Producers Not Poised to Quickly Boost Output
U.S. shale producers 'are not poised to quickly ramp up production', according to Matthew Bernstein, Rystad Energy VP North America Oil & Gas.
Key Russian Port Pauses Oil Loading after Drone Strike
Russia's Ust-Luga port on the Baltic Sea has halted crude loadings as Ukraine carried out the most intense air strike on its foe in more than a year, setting some of the port facilities on fire.
Equinor Starts Drilling for $9B Gas Development offshore Brazil
'The project is Equinor's largest international investment to date, totaling around $9 billion'.
ADNOC CEO Says Weaponizing Hormuz is Economic Terrorism
'Weaponizing the Strait of Hormuz is not an act of aggression against one nation; it is economic terrorism against every nation', Ahmed Al Jaber, ADNOC's managing director and group CEO, said.
JERA Secures Regasification Rights at Dunkirk Terminal
'This marks JERA's first acquisition of overseas LNG terminal capacity and strengthens the company's ability to manage global LNG supply and demand'.
Oil Extends Decline on De-Escalation Hopes
'Optimism surrounding a possible diplomatic breakthrough has eased supply fears', said Konstantinos Chrysikos, Head of Customer Relationship Management at Kudotrade.
Philippines Eyes Russian Oil as Marcos Declares Emergency
Marcos said the Southeast Asian country's current fuel supply could last about 45 days and that it is 'exploring' importing oil from non-traditional source Russia.
Iran Rejects USA Peace Plan
Iran said it rejected a U.S. ceasefire proposal and maintained attacks on Israel and Gulf Arab states.
USA Awaits Response to Peace Plan
The U.S. floated a proposal to end a war that's wreaked havoc across the Middle East and in global markets.
Idemitsu Forays into LNG with MidOcean Investment
The Japanese energy company said it is venturing into the liquefied natural gas business with a $500 million investment in EIG's MidOcean.
Key Russian Oil Port on Fire after Drone Strike
Drones attacked Russia's Ust-Luga port on the Baltic Sea setting it on fire as Ukraine carried out the most intense air strike on its foe in more than a year.
Oil Rises on Strait Uncertainty
Market swings reflect conflicting signals between diplomacy efforts and expanding military activity in the region.
Energy Bosses Share Iran Anxieties at CERAWeek
Houston's showpiece energy conference is usually an opportunity for backslapping and glad-handing.
North America Drops 21 Rigs Week on Week
North America dropped 21 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Iran Charges Some Ships Hormuz Transit Fees
Iran has started charging transit fees on some commercial vessels passing through the Strait of Hormuz.
TotalEnergies Exits US Offshore Wind Market in Favor of Gas
'TotalEnergies will recover the lease fees paid and will invest an equal amount in the development of U.S. gas and power production and exports'.
This Is Not a Textbook Oil Shock
This is not a textbook oil shock; it is a multidimensional disruption, EY-Parthenon Chief Economist Gregory Daco said.
Venture Global Notches 5-Year LNG Order from Vitol
Deliveries are to start this year.
OEUK Says New Polling Shows Public Backs Homegrown Energy
'New UK wide polling commissioned by OEUK shows overwhelming public support for using the UK's own oil and gas resources alongside renewables to strengthen national security', OEUK said.
Anaergia, Southwest Gas RNG Contract Gets Conditional Approval
Anaergia's SoCal facility 'will be the first to supply RNG under California's Senate Bill 1440 Biomethane Procurement Program'.
