The latest oil and gas news from around the world.
Updated: 57 min 18 sec ago
Dallas Fed Energy Survey Shows Oil and Gas Activity Decline
Rigzone takes a look at the fourth quarter Dallas Fed Energy Survey.
Energy Transfer Suspends LNG Project
Energy Transfer LP suspended development of a Louisiana liquefied natural gas export project to concentrate on building and expanding pipelines.
'Significant' Undiscovered Resources in GC Haynesville
'We have assessed there are significant undiscovered resources in the Haynesville Formation of the Gulf Coast', USGS Director Ned Mamula said.
TotalEnergies to Power Google Data Center Operations in Malaysia
TotalEnergies signed a 21-year agreement with Google to supply the tech giant 20 MW of certified renewable electricity from a planned solar plant in Kedah.
USA House Passes SPEED Act
The Standardizing Permitting and Expediting Economic Development (SPEED) Act has passed the U.S. House of Representatives.
Santos Sells Non-Core Assets to Eni, Comet Ridge
'Santos' near-term priorities are to deliver Barossa and Pikka, and to progress the next phase of growth opportunities that leverage our existing operating footprint'.
DNO Agrees Oil Offtakes with ExxonMobil, Shell in Fund Raise
DNO signed offtake agreements with ExxonMobil and Shell for the entirety of its North Sea oil production and secured up to $410 million in 'related offtake financing facilities'.
UK Sanctions Smaller Russian Oil Producers
Tatneft, Russneft and NNK were sanctioned for 'obtaining a benefit from or supporting the government of Russia' by operating in the energy segment, UK authorities said.
Oil Holds Gains
Oil edged higher for a second day as geopolitical risks in Venezuela and Russia offered support to prices.
German Energy Demand Seen Sliding to Historic Low
'The German economy has been on an emotional roller-coaster ride this year', ING economist Carsten Brzeski said in a note.
USA Crude Oil Stocks Drop Week on Week
Crude oil stocks, not including the SPR, stood at 424.4 million barrels on December 12, the EIA's latest weekly petroleum status report showed.
Ukraine Says It Hit Another Lukoil Field
Kyiv has been intensifying strikes on Russian energy assets.
JAPEX to Expand US Presence with $1.3B DJ Basin Acquisition
The acquisition would give JAPEX its first operated stakes in the U.S., where it focuses on shale oil.
EIA Sees 2.2 Million Barrel Per Day Glut in 2025
World petroleum and other liquid fuels production will outweigh consumption by 2.24 million barrels per day in 2025, according to the EIA's latest short term energy outlook.
Shell Approves Waterflood Project in US Gulf
'First injection is expected in 2028 and is anticipated to extend the production lifecycle of Ursa by several years'.
Israel Approves Increase of Leviathan Gas Exports to Egypt
The Chevron-led Leviathan consortium received approval from Israel's Energy and Infrastructures Ministry to export an additional 130 billion cubic meters of natural gas to Egypt.
'Landmark' Declaration of Cooperation Turns 9
'History was made nine years ago and a new journey began', OPEC Secretary General Haitham Al Ghais said.
Var Energi Plans 20 New Projects to Sustain Norway Production
CEO Walker said he wants to give the go-ahead to 20 projects 'over the next few years', targeting output of 350,000-400,000 barrels of oil equivalent a day through 2030 and beyond.
O'Neill Leaves Woodside to Become BP CEO
O'Neill's takeover from Auchincloss marks the oil and gas giant's third CEO change in two years.
Crude Climbs as US Threatens Russian and Venezuelan Flows
Crude rebounded from multi-year lows, though traders remained cautious amid surplus expectations.
