The latest oil and gas news from around the world.
Updated: 34 sec ago
Ecopetrol Said to Postpone $1.75 Billion Bond Sale amid Probe Involving CEO
Ecopetrol postponed an offer to sell $1.75 billion of dollar bonds after Colombia's electoral council launched an investigation involving the nation's president and the state oil driller's CEO.
CNOOC Started Production in Seven Oil and Gas Projects in 2024
CNOOC began production in the Bozhong 19-2 Oilfield Development Project in central Bohai Bay, the seventh oil and gas project put onstream by the Chinese state-backed company this year.
Exxon Granted Largest USA Offshore Carbon Storage Site in Texas
Exxon Mobil Corp. won the right to pump carbon dioxide beneath Texas state waters in the Gulf of Mexico.
Oil Prices Surge as Israel Weighs Retaliation Against Iran
Oil prices surged more than 3% as markets anticipated Israel's response to Iran's missile attack, fueling uncertainty and volatility in crude trading.
Vertex Returns Alabama Refinery to Traditional Fuels Production
The Mobile, Alabama refinery that Vertex retrofitted to also enable renewable diesel production after acquisition from Shell is back to producing only conventional fuels.
Henry Hub Prices Come Under Downward Pressure
Rigzone talks to several analysts about the U.S. natural gas price.
ConocoPhillips Gets USA Licenses in Bid to Recoup Venezuela Debt
The licenses relate specifically to allowing the company to recoup the money owed from PDVSA without running afoul of U.S. sanctions.
45 Percent in BI Survey Expect Trump to be Bearish for Oil Prices
'This may reflect Trump's likely push for more drilling and dislike of strict oil and gas regulations, combined with a potential OPEC+ response to loosen output cuts', a BI report sent to Rigzone noted.
EQT AB Acquires Renewable Energy Platform OX2
EQT said it expects to see continued significant growth in the renewables market over the coming years, driven by trends including decreasing technology costs and growing demand for green electricity.
QatarEnergy Inks Long-Term Naphtha Supply Deal with Shell
The 20-year agreement is for the supply of up to 18 million tons of naphtha to be delivered to Shell starting in April 2025.
LNG Shipping Firm Inks Agreement with Eni for Bunker Vessel
The agreement is for the LNG bunker vessel Avenir Aspiration, which has a capacity of 7,500 cubic meters.
Santos Finalizes $800 Million Loans for Darwin LNG Life Extension Project
'With these facilities in place, Darwin LNG is well-funded to complete the life extension works scheduled for mid-2025 and it positions Darwin LNG to consider future expansion of this important infrastructure'.
Could All Florida Gas Stations Run Out of Fuel Due to Hurricane Milton?
That's the question Rigzone posed to Patrick DeHaan, the head of petroleum analysis at GasBuddy.
Petrobras to Supply Natural Gas to Steel Giant Ternium
'Petrobras and Ternium have important synergies, and the natural gas market is an essential link between them'.
Israel's NewMed Energy Secures Local Funding for Gas Expansion Project
NewMed Energy secured new borrowings of up to $400 million from Israeli banks to be used for ongoing operations including an expansion project in the Chevron-operated Leviathan gas and condensate field.
Mexico Lawmakers Take First Step to Expand Federal Control over Energy
Legislators passed the general text of the bill to reclassify both Pemex and CFE from 'state productive companies' to 'public companies'.
Crude Stabilizes After Volatile Session While Geopolitical Risks Linger
Oil prices steadied after a volatile session as US crude inventories rose and traders closely watched China's fiscal plans, with geopolitical risks in the Middle East continuing to add uncertainty to the market.
California to Roll Out Home Energy Rebates Program
The DOE has given California $300 million for the state's HEAR program.
China Diesel Demand Growth Under Pressure
Analysts at BMI said mainland China's diesel demand growth is under pressure from natural gas and the electrification of the transport sector.
Libyan Oil Revival Piles Pressure on European Crude Markets
The return of Libyan oil exports is pressuring crude prices.
