The latest oil and gas news from around the world.
Updated: 2 min 8 sec ago
Ring Energy Closes Acquisition of CBP Assets from Lime Rock
The assets cover around 17,700 net acres in the Permian Basin in Andrews County, Texas.
Trump Team Proposes Ending Clean Energy Office, Cutting Billions
The office employed about 250 people before President Donald Trump, a climate change skeptic, returned to office.
Execs Reveal Where They Expect Gas Price to be at Various Points in Future
Executives from oil and gas firms have revealed where they expect the Henry Hub natural gas price to be at various points in the future as part of the first quarter Dallas Fed Energy Survey.
Chevron Closes Divestment of East Texas Stake to TG Natural
The transaction consideration was $525 million.
Woodside to Farm Out 40 Percent of Louisiana LNG to Stonepeak
Stonepeak will commit a cumulative investment of $5.7 billion.
Oil Market Faces 'Quadruple Whammy'
These four key factors have driven the massive price drop over the last four trading days, said Ole R. Hvalbye, Commodities Analyst at Skandinaviska Enskilda Banken AB (SEB).
EU Calls for New Funding Proposals for Cross-Border Energy Projects
The new offer of about $659.54 million is for projects on the first list of Projects of Common Interest and Projects of Mutual Interest adopted under the revised TEN-E Regulation.
STATS Group, EPOMS Secure Pipeline Isolation Job in Malaysia
This award comes after the strategic agreement signed in May 2023 between STATS and EPOMS to collaborate on energy projects in Malaysia.
OGDCL Reports Third Gas and Condensate Discovery at Spinwam-1 Well
The Pakistani company said the discovery had been made in the well's Hangu formation.
Saudis Slash Oil Prices to Asia After Surprise Output Hike
Aramco will lower Arab Light crude to its biggest buyers in Asia by $2.30 a barrel for May.
Mentor Capital Increases Permian Royalty Stakes
Mentor acquired eight new royalty interest lots.
Kenya Extends Oil Import Deal with Gulf Oil Giants through 2027
Kenya has renewed a contract to purchase fuel on credit from three state-owned Gulf firms by 24 months and renegotiated lower margins.
WTI Sinks 14% in Two Days Amid Global Unrest
Oil prices plunged after OPEC+ increased output and global trade tensions escalated.
Brookfield to Buy Colonial Pipeline Owner in $9B Deal
A group of investors led by Brookfield agreed to acquire Colonial Enterprises in a deal that values the operator of the biggest U.S. fuel pipeline at about $9 billion.
INEOS Completes Acquisition of CNOOC Assets in US Gulf
The acquisition consisted mainly of non-operating stakes in deepwater early-production projects Appomattox and Stampede.
Norway State Fund Invests in RWE Wind Projects Offshore Denmark, Germany
Norges Bank Investment Management signed an agreement with RWE to acquire a 49 percent stake in the German utility's Nordseecluster and Thor offshore wind projects in Germany and Denmark respectively.
LNG Cargoes Land at Wider Discounts in Europe
It's getting cheaper to bring a shipment of liquefied natural gas into Europe because of heightening competition between terminals to accommodate extra cargoes.
TotalEnergies Completes Multiple RE Asset Acquisitions
'The completion of these three acquisitions in Europe, North America and Africa will contribute to our targets of 35 GW of gross renewable capacity by 2025 and over 100 TWh of electricity production by 2030'.
Lund to Step Down as BP Chair
BP has launched a succession process.
Aker BP, SLB, Stimwell Extend Alliance for Five More Years
The alliance will work on further accelerating and boosting oil production.
