The latest oil and gas news from around the world.
Updated: 57 min 54 sec ago
Iberdrola Launches Offshore Construction of East Anglia 3 Wind Farm
Iberdrola said an engineering feat has been achieved with the installation of a giant monopile.
Gazprom Refiner in Serbia Gets Fresh Reprieve on US Sanctions: Vucic
'Serbia managed to win another delay in sanctions against NIS, this time for two months, until June 27'.
Oceaneering Net Income Soars for Q1
Oceaneering outperformed expectations for the first quarter.
GeoPark Exceeds Q1 Production Guidance
The Latin American energy company's pro-forma average daily production in the first quarter reached 36,279 boe, surpassing its initial guidance for the year of 35,000 boe.
DV Group Embarks on Big Push Into Commodities Beyond Energy
DV Group is expanding its nascent commodities-trading business.
Trade War Is Diverting USA Petroleum Gas Cargoes Away From China
The diversions show the disruption to supply chains caused by the trade fight between the U.S. and China.
WTI Ends Higher But Logs Weekly Loss
Oil prices edged up slightly as conflicting US-China trade signals kept markets cautious.
Texas Oil, Gas Regulator Continues Digitization Drive
'Reaching nearly 100 million digitized records is a clear sign of our continued success in fully bringing the world's oldest regulatory agency into the 21st century', RRC Chairman Christi Craddick said.
US Eases Downhole Commingling Policy to Boost Oil Production
The DOI has expanded the allowable pressure differential for single-wellbore oil production from multiple reservoirs in the Gulf of America's deep waters.
Energy Secretary Aims to Reassure Oil Bosses Amid Trade War
Energy Secretary Chris Wright sought to reassure U.S. oil companies during a visit to Oklahoma.
Valero at a Loss for Q1 after Booking Impairments
Valero reported a loss attributable to shareholders of $595 million, or $1.9 per share, impacted by $1.13 billion in pre-tax impairments.
AccuWeather Looks at Wildfire Risk for USA Oil, Gas in 2025
'AccuWeather is forecasting seven to nine million acres to burn across the country this year, which is more than the historical average', AccuWeather Lead Long-Range Expert Paul Pastelok said.
Saipem Sees 35 Percent YoY Increase in Q1 Profit
Saipem reported about $87.45 million in net income for Q1, up 35.1 percent from the same three-month period a year ago on the back of improvements in its engineering and construction segments.
Hydrocarbons Discovered at Offshore Namibia Well
BP and Eni confirmed the preliminary results of the Capricornus 1-X exploration well in Namibia's Orange Basin.
Liverpool Bay CCS Project Moves to Construction Phase
Eni and the UK government have reached financial close on the Liverpool Bay CCS project, with startup planned for 2028.
ExxonMobil Secures Sixth CO2 Customer in Calpine
Exxon Mobil signed a deal with Calpine to transport and permanently store up to 2 million metric tons per annum of CO2 from Calpine's Baytown Energy Center.
Russia Oil Drilling at Fastest Pace in 5 Years as Curbs Ease
Russia's oil producers have been drilling at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the possibility of relief from some war sanctions.
USA Clashes With Allies on Energy Security Vision at IEA Summit
At this week's flagship international summit on energy security, the clashing visions of the US and its allies were on full display.
Oil Gains as Supply Tightness Counters Trade Concerns
Tight supplies and bullish market signals supported gains in both WTI and Brent.
USA Crude Oil Inventories Rise Week on Week
Crude oil stocks, not including the SPR, stood at 443.1 million barrels on April 18, according to the U.S. Energy Information Administration.
