The latest oil and gas news from around the world.
Updated: 51 min 49 sec ago
Rystad Looks at Latest Round of USA Sanctions on Iran
'If the sanctions are expanded ... the consequences will reach far beyond Iran, could reshape geopolitics, and send shockwaves through energy markets', Rystad warned.
Johan Castberg Goes Onstream
Johan Castberg, only the second field developed on Norway's side of the Barents Sea, will raise the Nordic country's oil production capacity by 220,000 bpd at peak.
Flex LNG CEO Kalleklev Resigns
CCO Marius Foss has been appointed interim CEO.
Gazprom to Raise Gas Supply to Slovakia via TurkStream
Slovakia will receive a substantially larger portion of Gazprom gas deliveries via Turkey and Hungary through the TurkStream pipeline, easing supply concerns after flows via Ukraine were cut off.
Equinor Awards NCS Well Plugging Contracts
Equinor contracted Island Drilling, Archer Oiltools and Baker Hughes for well plugging services for wells offshore Norway.
Conservatives Pitch Canada 'Energy Corridor' to End USA Reliance
It's the latest pledge from Poilievre, who's trying to rebuild momentum for his campaign ahead of a general election on April 28.
WTI Jumps 3% on Talk of Russia, Iran Sanctions
Falling US output and potential sanctions on Russia and Iran fueled the rally.
Woodside Sells Greater Angostura Stakes to Perenco
'The transaction provides near-term cash flow to support ongoing investments and shareholder distributions'.
Texas Oil, Gas Industry Continues Hot Streak in 2024
'These latest records further demonstrate Texas's position as a global leader in oil and gas production', RRC Chairman Christi Craddick said.
BP Plans to Sell Fuel Retail Sites in Austria
'This decision is the latest example of bp's strategy to reshape and focus its downstream businesses'.
Empire Petroleum Loss Widens for 2024 as EOR Activities Drag On
Empire is continuing enhanced oil recovery efforts in the Starbuck drilling program in North Dakota.
Trump Revokes Permits to USA, Foreign Oil Firms in Venezuela
The Trump administration revoked permits and waivers allowing Western energy firms to operate in Venezuela, three people familiar with the issue said Saturday.
MODEC Signs Contract for Shell FPSO in Brazil
MODEC will be responsible for the design of the hull and all related topside facilities for the FPSO.
Prospera Closes Acquisition of Interest in Saskatchewan, Alberta Assets
The total purchase price for the transaction was approximately $1.26 million (CAD 1.8 million).
Oil, Gas Execs Reveal Where They Expect WTI Oil Price to be in the Future
Executives from oil and gas firms have revealed where they expect the WTI crude oil price to be at various points in the future as part of the first quarter Dallas Fed Energy Survey.
Northern Lights CCS Consortium to Invest $700 Million in Phase 2
Phase 2 will raise Northern Lights' capacity from 1.5 MMtpa to over 5 MMtpa.
North America Extends Rig Loss Streak
The total U.S. rig count decreased by one week on week and the total Canada rig count decreased by 17 during the same period, Baker Hughes' latest North America rotary rig count outlined.
CNOOC Makes 'Major' Oil and Gas Discovery in South China Sea
The Huizhou 19-6 field has now been shown to have over 100 million metric tons of oil equivalent of proven in-place volumes.
Baker Hughes Expands Margham Gas Storage Project Involvement
Baker Hughes has been contracted to provide integrated coiled-tubing drilling services for the Dubai project.
US Revokes Eni Permit for Gas Produced in Venezuela
Eni can no longer be repaid for gas that it produces in Venezuela through oil supplies from state-owned PDVSA.
