The latest oil and gas news from around the world.
Updated: 41 min 48 sec ago
Epsilon Energy Forms JV Targeting Alberta Assets
Epsilon signed agreements with a 'leading Calgary-based private operator' to form the JV.
Karoon Ups Production in Bauna Project in Brazil
The average production for the quarter was 21,655 barrels of oil per day (bopd).
BP Becomes Sole Owner of Lightsource BP
'Lightsource bp expands bp's presence globally in the onshore renewable energy industry, with a 62GW development pipeline and operations spanning 19 global markets'.
Macquarie Strategists Forecast USA Crude Inventory Build
Macquarie strategists are forecasting that U.S. crude inventories will be up for the week ending October 25.
European Power Transmitters Raise Export Capacity for Ukraine, Moldova
ENTSOE increased the export capacity for Ukraine and Moldova to 2,100 MW for the winter.
Petronas Introduces New Contracting System
Petronas introduced what it calls an Integrated Well Continuity Services contract.
Kinetiko Spuds Second Well in Production Test Program in South Africa
'Based on prior reserves calculations, a flow rate of 50,000 SCF/day has been assumed, with the aim of exceeding this threshold and significantly improving the project's commercial metrics'.
TotalEnergies, Partners Ink Initial Land Contract for Morocco RE Project
The Atlantic coast project 'will power the production of green hydrogen through the electrolysis of desalinated seawater and its transformation into 200,000 tons per year of green ammonia for the European market'.
Pemex Losses Deepen in Third Quarter
The results are the first under the leadership of CEO Victor Rodriguez, a former academic appointed by President Claudia Sheinbaum to rescue the world's most-indebted major oil producer.
Oil Traders Split on Whether OPEC+ Will Hike Supply in December
Oil traders are divided over whether OPEC+ will proceed with plans to restore production in December.
Oil Slides with Fundamentals Now at Center Stage
Oil prices fell amid signs of eased Middle East tensions, shifting focus to demand and upcoming OPEC+ production decisions.
US DOE Set to Deploy $28 Million for Clean Energy Workforce Training
Fifteen State Energy Offices and the American Samoa Territorial Energy Office have been selected to enter negotiations for $27.98 million from the Energy Auditor Training grant funds.
Golden Pass LNG Gets 3-Year Deadline Extension to Complete Construction
The FERC allowed the ExxonMobil-QatarEnergy LNG export project in Texas to be delayed further to 2029, after the disgruntled main contractor gave up the project.
Analysts Explain USA Natural Gas Price Drop
Natural gas prices seemed to fall in sympathy with oil, one analyst told Rigzone.
BP to Review Buyback Next Year as Debt Pile Grows Amid Weak Oil
BP Plc raised the possibility that its share buybacks could slow next year.
Var Energi Makes FID on Balder Phase V in North Sea
The project aims to develop 33 million barrels of oil equivalent (MMboe) of gross proved plus probable (2P) reserves.
Crude Prices Notched Biggest 1 Day Declines in Over 2 Years on Monday
'The geopolitical situation in the Middle East appears to have cooled substantially', one analyst said.
Saipem Logs 21 Percent Increase in Nine-Month Revenue
'The continued improvements of the economic and financial results confirm the strong market demand'.
OEUK Urges Chancellor to Back UK Offshore Energy in Autumn Statement
'Unlocking economic growth is the solution, and building on industrial strengths is key to our path forward', OEUK's CEO stated.
Adani Total Gas Sees 12 Percent Year-on-Year Increase in Quarterly Revenue
The growth was driven by an increase in CNG sales volumes.
