The latest oil and gas news from around the world.
Updated: 35 min 13 sec ago
North America Loses More Rigs WoW
North America dropped three rigs week on week, according to Baker Hughes' latest rotary rig count.
Abbott Says Texas Economy Will Top France's Thanks to Trump
Abbott predicted that economic output in Texas would soon exceed that of France thanks to booming investment and President-elect Donald Trump's plans to slash regulations on oil, gas and other industries.
Serica Acquires Assets in the North Sea
Serica Energy has secured a 50 percent working interest in licenses P2400 (Skerryvore) and P2634 (Fynn Beauly) in the North Sea.
Adnoc Signs 15-Year LNG Supply Deal With Germany's EnBW
The United Arab Emirates's biggest oil producer agreed to sell liquefied natural gas to a second German utility.
Oil, Gas Groups Issue 'Urgent Call' to House Speaker
The Energy Workforce & Technology Council said a coalition of oil and gas trade associations 'has issued an urgent call to House Speaker Mike Johnson'.
USA EIA Raises Henry Hub Natural Gas Price Forecasts
The U.S. Energy Information Administration raised its Henry Hub natural gas spot price forecast for 2024 and 2025.
SLB Secures Contracts for Petrobras Offshore Fields
'Subsea raw seawater injection is a well-proven application with a strong business case that we think should become mainstream'.
Var Energi Confirms Oil Discovery in Goliat
'The potential to unlock significant additional resources is considerable'.
Iran Scrambles to Tackle Fuel Shortages Amid a Winter Cold Snap
Iran, home to a population of more than 85 million, has faced mounting difficulties in meeting its domestic energy needs, despite holding the world's second-largest reserves of natural gas.
UAE to Curb Oil Shipments Amid OPEC+ Push for Quota Discipline
Oil traders have been closely scrutinizing flows from the UAE in recent months.
Colombia Energy Chief Pushes to Pump First Offshore Gas Sooner
Colombia wants to shorten the production timeline at its biggest deepwater discovery, the nation's energy chief said.
WTI Tops $71 as Sanctions Loom
Oil prices surged, with WTI reaching $71 and Brent topping $74, as geopolitical tensions and potential sanctions on Russia and Iran outweighed concerns about a supply glut projected for 2025.
USA BOEM Announces 'Next Steps' in GOM Offshore Wind Leasing Process
The U.S. Bureau of Ocean Energy Management announced the 'next steps' in the competitive leasing process for offshore wind energy in the Gulf of Mexico.
Kosmos Deal Would Ease Tullow Finances but Debt Presents Hurdle
Both companies acknowledged early merger talks on Thursday, following media speculation.
Russia's Refined Fuel Shipments Edge Down as Diesel Flows Shrink
Russia's oil-product exports eased slightly last week on smaller diesel flows.
Seplat to Revive Hundreds of Exxon's Old Idle Nigerian Oil Wells
Nigeria approved Exxon's sale of the assets to the independent energy supplier in October.
USA EIA Cuts WTI Oil Price Forecasts
the U.S. Energy Information Administration lowered its West Texas Intermediate spot price forecasts for this year and next year.
Vestas Announces Isle of Wight Factory Modification, Employee Consultation
The company revealed that it 'will now go into a consultation process with employee representatives'.
McDermott Bags Contracts in GOM, Western Australia
'Our extensive experience in subsea engineering and in-house EPCI capabilities uniquely position us to deliver innovative and efficient FEED solutions for Repsol's development of the Polok and Chinwol fields'.
Kyiv Identifies Tankers It Says Are in Russia's Shadow Oil Fleet
Ukraine identified 238 tankers it said belong to a shadow fleet of ships that Russia is using to keep its oil and fuels moving around the world.
