The latest oil and gas news from around the world.
Updated: 42 min 52 sec ago
Brent Crude Oil Futures Are In Correction Mode
Brent crude futures are in correction mode, according to Rystad Energy.
North America Cuts Rigs Week on Week
North America dropped three rigs week on week, according to Baker Hughes' latest rotary rig count.
TotalEnergies Contracts Fourth LNG Refueling Ship
TotalEnergies plans to deploy the new ship in Oman, where it has an LNG project with a planned capacity of 1 MMtpa.
Sasol Receives First Power under Procurement Plan for Hydrogen Production
The 69-MW Msenge has become the first operational RE project contracted by Sasol under its power procurement plan for green hydrogen production.
UK Gas Production Falling Faster Than Expected, Warns Lobby
The decline is leading to greater reliance on imports, according to an industry group seeking government relief to spur investment.
INEOS Boosts Gas Flows from Breagh Field with Electric Compressor
INEOS expects the compressor project to help secure UK gas supplies for years to come.
Chennai Petroleum in Talks to Raise $3.3B for Refinery
The funds will help build a proposed 9 million ton a year oil processing plant in the southern state of Tamil Nadu.
Canada Green Taxonomy Unlikely to Include New Natural Gas Projects
Canada has provided more clarity on what it considers to be 'green' investments.
2 Dead After Chemical Leak at Pemex Houston Area Refinery
Two people are dead and 35 are injured after a chemical release.
Oil Eases After Choppy Trading Amid Israel-Iran Tensions
Oil prices dipped as traders booked profits, driven by uncertainty around Israel's potential retaliation against Iran and the anticipation of economic stimulus in China.
USA EIA Reveals Latest Brent Oil Price Forecast for 2024 and 2025
The U.S. Energy Information Administration has revealed its latest Brent oil price forecast for this year and next year.
BP Sees Net Debt Rising in 3Q Amid Weak Refining
BP Plc expects its net debt to have risen in the third quarter.
ExxonMobil Extends Exploration Offshore Greece by over Three Years
Greece's hydrocarbon licensing authority said the exploration drive that the country is seeing 'verifies our estimates that the Greek subsurface could potentially hold significant natural gas deposits'.
Natural Gas Prices Digesting Damage from Hurricane Milton
'This hurricane compounded the losses already felt from Hurricane Helene and power restoration will obviously be a priority', ex-IPAA Chief Economist Frederick J. Lawrence told Rigzone.
Eni's Plenitude Starts Up Wind Farms in Spain
The project has three Vestas V136 wind turbines with an installed capacity of about 13 megawatts (MW).
McDermott to Sell CB&I Storage Business for $475MM
CB&I has a global footprint and is a leading designer and builder of storage facilities, tanks and terminals.
TotalEnergies Taps Shearwater for OBN Project in Angola
The work will be performed in Block 32 over the Louro and Mostarda fields.
UK Bets on Renewable Energy Storage Tech
'Unlocking investment in this important technology is another significant step towards decarbonization of the power system'.
GB Energy Chair Outlines Aberdeen HQ Jobs May Hit Over 1000
'We have not been able to put a direct number on it yet', Juergen Maier, the Chair of Great British Energy, said in the first sitting of the Great British Energy Bill.
Italy's Sanpaolo, EIB Ink Deal Expected to Unlock $8.7B in Wind Investments
Following an earlier agreement with Deutsche Bank, the EIB has now deployed $1.1 billion of a $5.5 billion guarantees package for wind projects that it announced at COP28.
