The latest oil and gas news from around the world.
Updated: 28 min 41 sec ago
OPEC+ Decides to Boost Production
'There is ... a risk that the OPEC+ decision is moot', Alan Gelder, SVP of Refining, Chemicals and Oil Markets at Wood Mackenzie, said.
Israel Pauses Leviathan Gas Production
Chevron declared force majeure at the Leviathan natural gas and condensate field offshore Israel on the order of the government.
Oil Could Pass $100 as Strait of Hormuz Traffic Halts
Higher oil and gas prices are certain, Wood Mackenzie said.
Saudis Pulled Deeper into War after New Iranian Strikes
An area housing the country's largest oil refinery suffered a drone strike and the kingdom reported intercepting multiple drones heading for Riyadh.
Saudis Pulled Deeper into War after Strike around Key Refinery
An area housing Saudi Arabia's largest oil refinery was hit by a drone strike, according to people familiar with the matter.
Talos Losses Deepen
Talos reported an adjusted net result of -$76.48 million for Q4 2025, incurring more losses compared to the prior three-month period as operating expenses rose and oil production and prices fell.
Tankers Halt Near Hormuz After Attacks
Tankers are avoiding the Strait of Hormuz after joint US and Israeli strikes on Iran, with some vessels halting or reversing course amid warnings the waterway may be unsafe.
Equinor to Trim Angolan Holdings
Equinor is looking to sell a number of Angolan fields, according to people familiar with the matter.
Crude Jumps as Iran Risks Mount
Oil prices surged as traders weighed escalating US-Iran tensions and strike risks.
VEN Fuel Retailers Press Gov to Hike Pump Prices
Venezuela's gasoline retailers declared a national 'emergency' following six years of scant profit margins.
Why Is the Oil Price Rising Today?
Rigzone talks to several analysts.
Tanker Carrying Russian Oil Diverts From Cuba
A tanker believed to be carrying Russian oil to fuel-starved Cuba diverted away.
TotalEnergies Set to Commit to 20-Year Purchase from Alaska LNG
'Alaska LNG offers a unique Pacific orientation that complements TotalEnergies' supply strategy and provides Asian customers with direct access to U.S. gas'.
Venture Global Scores Its 1st Long-Term LNG Deal in South Korea
Venture Global signed a 20-year deal to sell 1.5 million metric tons per annum of U.S. LNG to Hanwha Aerospace.
BOEM Eyes California Offshore Drilling
BOEM has announced its intent to prepare a programmatic environmental impact statement for proposed oil and gas lease sales in the Northern, Central and Southern California Planning Areas of the OCS.
Oil Market Is Nervous for the Coming Weekend
'The market is getting nervous for what might happen during the weekend', SEB analysts warned.
Oil Producers Negotiate Ending Windfall Tax with UK Government
The UK Treasury is considering scrapping a windfall tax on North Sea oil and gas following persistent pushback from producers, according to a person familiar with the matter.
Aramco Starts Gas Production at Jafurah
The Middle East's biggest unconventional gas field is expected to reach two billion cubic feet per day of gas sales capacity by 2030.
Oil Settles Mixed as Iran Talks Continue
Crude prices eased despite cautious optimism surrounding ongoing talks in Geneva.
BP Goes Big on Shale Oil Drilling
BP Plc is aggressively expanding shale drilling.
