The latest oil and gas news from around the world.
Updated: 9 min 8 sec ago
Enbridge Meets Estimates, Closes Multiple Acquisitions in Quarter
'The macro-outlook for energy infrastructure demand and the value of incumbency has never been higher'.
Oil Futures Advance After OPEC+ Move
'This move extends the existing output cut of 2.2 million barrels into December, responding to falling prices and weak demand'.
Equinor to Raise Stake in Northern Marcellus with $1.25 Billion EQT Deal
The involved assets have a projected 2025 production of 350 MMcfd net.
Transocean Posts Nearly $500 Million Loss
The driller took a hit from $617 million in asset impairments.
OPEC Plus Delays Production Increase as Crude Prices Struggle
OPEC+ agreed to push back its December production increase by one month, the second delay to its plans to revive supply as prices continue to struggle amid a fragile economic outlook.
European Commission Welcomes First Banks in Energy Efficiency Alliance
The European Energy Efficiency Financing Coalition signed 49 private and public financial institutions including some of the biggest banks in Europe as members.
QatarEnergy, TotalEnergies to Build 1.25 GW Solar Project in Iraq
The planned project is part of the $27 billion Gas Growth Integrated Project of the two companies and Iraq's Basra Oil.
U.S. DOE Set to Award $150 MM for Energy Upgrades at Federal Facilities
The funds represent the second installment of a total of $250 million under the Assisting Federal Facilities with Energy Conservation Technologies grant program.
Taiwan Imports Record Volume of Russian Naphtha
The island nation imported almost 114,000 barrels a day of Russian naphtha last month, representing 66 percent of its total imports of the feedstock for the month.
Middle East Tensions Lift Oil Prices
Oil prices edged higher on renewed tensions between Iran and Israel, though skepticism about supply disruptions kept gains limited as traders remain cautious.
ExxonMobil, Chevron Beat Expectations on Higher Permian Production
ExxonMobil Chevron beat analysts' estimates as rising oil production from the Permian Basin helped offset weaker crude prices.
Aramco Inks Energy Cooperation Agreement with Petrovietnam
'This agreement lays the foundation for potential collaboration across the hydrocarbon value chain'.
KMG, CNOOC Partner for Exploration Project in Kazakhstan
According to a preliminary assessment made by KMG, the mineral site's oil reserves may be over 185 million tons.
US DOE Awards $473.6 Million More for Grid Resilience Projects
The latest round of funding brings the total DOE investment in grid resilience to nearly $1.3 billion since fiscal year 2022.
Biden Administration Endorses Approval of Texas Oil Port
The EPA gave its blessing for a proposed Texas oil port capable of exporting one million barrels of oil a day.
Coterra Wins Long-Term Gas Orders from Traders Vitol, Centrica
The U.S. producer signed separate agreements to supply Centrica and Vitol with 100,000 MMBtud of natural gas.
TotalEnergies Takes Hit from Weaker Refining Margins, Maintains Dividend
Earnings per share missed the Zacks Consensus Estimate by 5.4 percent.
EU Reports Record Drop in Emissions as RE Surges
Compared to 1990, the EU's emissions in 2023 fell 37 percent despite GDP growing 68 percent over the three decades, 'showing the continued decoupling between emissions and economic growth'.
ExxonMobil Agrees to Sell Argentina Shale Oil Assets to Pluspetrol
Exxon is exiting the Vaca Muerta to focus efforts elsewhere, including Guyana.
Oil Jumps as Iran Plans Retaliation
Oil prices surged as reports of Iran planning a retaliatory strike on Israel reignited fears of supply disruptions in the Middle East.
