The latest oil and gas news from around the world.
Updated: 49 min 58 sec ago
Air Liquide Q3 Revenue Slips Year-on-Year
The industrial gas producer logged $7.3 billion in revenue for Q3.
Globe on Course for Warming of Up To 3.1C, Warns UN
'We need global mobilization on a scale and pace never seen before — starting right now, before the next round of climate pledges — or the 1.5C goal will soon be dead'.
Russia Says It Can't Build All the Vessels It Needs for Arctic Route
The Northern Sea Route stretches some 5,600 kilometers along Russia's coast between Norway and Alaska, offering a shorter passage to Asia than the Suez Canal.
Oil Drops Amid Supply Glut Fears
Oil prices dipped as concerns about oversupply outweighed the risks of Middle East tensions.
SEFE Inks 10-Year Deal for Up To 317.8 Bcf of Gas from ConocoPhillips
The supply will be sourced from ConocoPhillips' European portfolio.
USA EIA Slashes WTI Oil Price Forecast
The U.S. Energy Information Administration cut its West Texas Intermediate oil price forecast for both 2024 and 2025.
Energy-Intensive SE Asia Needs Quick RE Roll-Out to Hit Climate Goals: IEA
'The region's growing emissions and exposure to fossil fuel volatility are strengthening the case for an accelerated rollout of clean energy technologies'.
Saudi Oil Export Revenue Slumps to Lowest in Over 3 Years
The Saudi economy is still largely dependent on oil income for growth.
Singapore Conditionally Approves Project to Import Power from Australia
SunCable obtained conditional approval from Singapore for a project to import renewable energy-sourced electricity from Australia's Northern Territory via a subsea cable running through Indonesia.
Macquarie Strategists Look at Latest EIA Petroleum Status Report
'This week, the EIA reported builds in commercial crude,' the strategists highlighted.
Norway Logs 30.9 Percent Sequential Fall in Monthly Gas Production
Norway produced 8.5 Bcfd and sold 254.3 Bcf of natural gas in September.
Energy Skills Passport Will be Launched in January
'Collaboration is key to unlocking the full potential of the UK's offshore energy sector,' industry body OEUK said.
Dominion Energy Gets $2.6B from Sale of Virginia Offshore Wind Stake
Dominion Energy closed the sale of a 50 percent non-controlling interest in the Coastal Virginia Offshore Wind project to Stonepeak.
Tourmaline Oil, Clean Energy Open Two More CNG Stations in Canada
The companies said two new locations help build Western Canada's first commercial-grade public CNG fueling network.
Transocean, Seadrill Mull Merger as Offshore Downturn Eases
Transocean is in talks to merge with rival offshore drilling contractor Seadrill, according to people familiar with the matter, just as oil explorers around the world are returning to the sea.
JPMorgan Eyes Physical LNG Trading After Dimon Hails Boon
JPMorgan Chase & Co. is in talks to start trading physical liquefied natural gas again after more than a decade on the sidelines.
Oil Falls on U.S. Inventory Build
Oil prices dropped as U.S. crude stockpiles surged, while geopolitical risks limited further declines.
US DOE Offers Additional $2 Billion for Grid Expansion, Upgrades
The DOE has now announced a total of $7.6 billion under the $10.5 billion Grid Resilience and Innovation Partnerships program.
API Says It Welcomes Court Decision Averting Gulf of Mexico Shutdown
'We welcome the court's pragmatic decision,' API Senior Vice President and General Counsel Ryan Meyers said.
Taiwan Military Warns on LNG Vulnerability After PLA Drills
'It's undeniable that the imports of LNG are our weakest link'.
