The latest oil and gas news from around the world.
Updated: 1 hour 52 sec ago
Dallas Fed Energy Survey Looks at Oilfield Electrification
Is your firm aiming to electrify its oilfield operations?
Italy's NextChem Bags Contract for Hydrogen Unit in Vietnam
The new unit is part of a larger upgrading and expansion project of Dung Quat Refinery in Vietnam.
Why Is the Oil Price Down Today?
The reason is twofold, one analyst told Rigzone.
Advantage Energy Starts Dry Gas Production Cuts
Curtailments began in September and are planned to continue for the fourth quarter until pricing recovers.
Singapore, South Korea Eye Joint LNG Procurement Program
'While we continue to pursue alternative energy sources, natural gas will continue to account for a significant share of Singapore's energy mix during the energy transition'.
Reliance Logs Nearly 25 Pct YoY Fall in Downstream Earnings on Lower Prices
'Unfavorable demand-supply balance led to sharp ~50 percent decline in transportation fuel cracks and continued weakness in downstream chemical deltas'.
China Still Investing in Coal Plants Abroad after Ban, Says CREA
Some 8.6 GW of previously unannounced Chinese-backed coal power plants have entered construction or the pre-permitting phase in the past year in places like Southeast Asia and Africa, new research revealed.
Woodside Says Scarborough Trunkline Completed
Woodside said it had hurdled a critical step toward the start of LNG production in 2026.
China Oil Imports Slowed in September on Weak Margins, Repairs
Chinese oil imports fell last month.
Oil Prices Settle Lower as China Disappoints
Oil prices dropped as China's anticipated stimulus failed to meet market expectations, weak economic data persisted, and OPEC lowered demand growth forecasts.
Orsted, SRP Start Up 300 MW Solar, Battery Project in Arizona
Orsted's onshore portfolio in the U.S. now produces over 5,000 MW of power in aggregate.
EIA Reveals Latest Henry Hub Gas Price Forecasts for 2024 and 2025
The U.S. Energy Information Administration revealed its latest Henry Hub natural gas price forecasts for this year and next year.
OPEC Cuts Global Oil Demand Growth Forecasts for 3rd Consecutive Month
OPEC trimmed its forecasts for oil demand growth this year and next.
US Expands Iran Sanctions to Stymie Oil Money over Israel Attack
'Pursuant to this determination, the Treasury may impose sanctions on any person determined to operate in the petroleum and petrochemical sectors of the Iranian economy'.
Shelf Drilling Bags 2 Contracts for Rigs in Nigeria
Dubai's Shelf Drilling, Ltd. has secured new contracts.
Iberdrola to Double Investment in UK to $31B
'This is a vote of confidence in the UK's clear and stable policies and is a major boost to the economy and the path towards green energy security and Net Zero'.
Petrobras to Build $16MM Renewable Hydrogen Plant
The test plant is expected to start operating in the first quarter of 2026, Petrobras said.
Current Renewables Growth to Fall Short of 2030 Target: Report
The report said that annual investment in renewable capacity needs to triple from $570 billion in 2023 to $1.5 trillion every year from 2024 to 2030 in order to keep the goal of 1.5°C attainable.
USA Expands Sanctions on Iran Oil Sector Over Israel Attack
The U.S. broadened the scope of its sanctions on Iran's oil and gas sectors in response to a ballistic-missile attack on Israel.
