The latest oil and gas news from around the world.
Updated: 13 min 11 sec ago
Oil Dips as Saudi Pipeline Restarts
Oil slipped as Saudi Arabia moved to restart its East-West pipeline and traders weighed US-Iran diplomacy.
Macron Urges EU to Relax Diesel Rules
French President Emmanuel Macron called on European Commission President Ursula von der Leyen to relax rules on oil products like diesel and kerosene.
US DOE to Award $99MM to Geothermal Innovation, Exploration Projects
'Five projects will conduct field-scale enhanced geothermal systems tests to validate technologies under real-world conditions, while 16 additional projects will conduct exploration drilling'.
Global Upstream M&A Activity Set to Exceed 2025 Total
Global upstream mergers and acquisitions activity is on course to exceed last year's $175 billion total, Rystad Energy announced.
Saudis in Process of Starting Vital Oil Pipeline
Saudi Arabia is in the early stages of starting up a key oil pipeline, people familiar with the matter said.
China Gas Raises LNG Order from Venture Global to 2.5 MMtpa
Venture Global secured a new agreement to supply 0.5 million metric tons per annum of United State liquefied natural gas to China Gas for 20 years from 2030.
McDermott Completes Refinancing
The Houston-based energy projects contractor raised $1.05 billion in share and debt instrument sale proceeds.
Texas Upstream Employment Rises
Texas upstream employment rose in August, the Texas Independent Producers and Royalty Owners Association (TIPRO) highlighted.
Norway Gas Output Down Month on Month
The decrease comes as another strike looms.
USA Diesel Price Surges Again
U.S. diesel surged again over the last week, GasBuddy highlighted.
Aramco Poised to Resume Oil Exports at Red Sea Port
Several Asian refiners have been told informally by Saudi Aramco they will soon be able to pick up oil from the Red Sea port of Yanbu, according to traders familiar with the matter.
Crude Falls on Iran Diplomacy Hopes
Oil fell as Saudi exports through Hormuz increased and hopes grew for diplomatic progress in the Iran war.
China Confirms Xi's First Trip to USA in Nearly 3 Years
China said President Xi Jinping will travel to the U.S. to meet Donald Trump.
ABO Energy Exits Argentina
ABO Energy agreed to sell 3.17 gigawatts of under-development assets in Argentina to Singapore's Novva, in another country exit for the German renewable energy developer.
Masdar Raises Its Gross Renewables Capacity in Serbia to Over 300MW
'Beyond the operational Cibuk complex, Masdar has a Serbian development pipeline of more than 200 MW spanning solar, wind and battery storage projects'.
North America Losing Rigs Again
North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.
AI-Like Mania Grips Oil Refining Stocks
AI companies and old-economy refiner stocks have at least one thing in common.
Naftogaz Secures Polish Deals for Energy Supply to Ukraine
Poland's ORLEN agreed to continue supplying liquefied natural gas to Ukraine's Naftogaz, as well as committed to supplying oil products to Ukraine.
Has the Oil Market Changed Forever?
Has the oil market changed forever following the U.S.-Iran conflict?
BP to Further Sell Down Browse Project Stake to Osaka Gas
BP has now agreed to farm down to East Asian LNG buyers a total of 10 percent in an Australian project that would unlock new feed gas for the Karratha Gas Plant.
