The latest oil and gas news from around the world.
Updated: 1 hour 10 min ago
Baker Hughes to Supply ICL Units to Dubai
The project will provide stability for Dubai's energy supply by strengthening the system's ability to switch between natural gas and solar power.
Italgas to Acquire Distribution Rival 2i Rete Gas for $2.26B
'The acquisition of 2i Rete Gas allows us to become the leading operator in Europe in the gas distribution sector, after being recognized as a global benchmark in terms of innovation and digitalization'.
Lafarge Canada Replaces Half of Gas Usage with New Low Carbon Facility
The facility will reduce the plant's reliance on traditional fuels by replacing up to 50 percent of natural gas used in one of its kilns.
17 Percent of Gas Stations in Florida Have No Fuel
'Hurricanes can have a profound impact on gasoline supply', Patrick DeHaan, Head of Petroleum Analysis at GasBuddy, warned.
Libya Decision to Resume Oil Exports Represents Unique Market Opportunity
'This resumption positions Libya to benefit from higher oil prices, potentially increasing revenue significantly', Dryad Global said.
Woodside Takes Over Tellurian for $1.2 Billion
The Australian company assumed control of the U.S. Gulf Coast Driftwood LNG project after completing its acquisition of Tellurian.
Ecopetrol Launches $1.75 Billion Bond Sale to Fund Buyback
Ecopetrol launched a $1.75 billion deal on international debt markets while moving to buy back bonds for the second time this year.
Chevron Delays Pipeline Expansion Project in Israel amid War
Chevron expects a delay of about six months.
Oil Prices Plunge as China Fails to Deliver New Stimulus
Oil prices fell sharply after China's National Development and Reform Commission ended a briefing without new stimulus measures, disappointing investors and triggering a market-wide selloff.
Saudi Arabia Said to Tee Up Multibillion Dollar Bet on Hydrogen
Saudi Arabia is preparing to make a multibillion dollar bet on hydrogen and will launch a new company to produce the much hyped low-carbon fuel.
Oil Prices Decline as Traders Take Profits
'The market appears to be pricing in a low likelihood of direct attacks on Iranian oil infrastructure'.
BP Taps TechnipFMC for Kaskida Development in GOM
'Our innovative high-pressure solutions are key to helping unlock the most economically attractive opportunities in the Paleogene'.
1PointFive Secures More DOE Funding for Sequestration Hubs
'Working in partnership with the Department of Energy supports our ability to rapidly progress our hubs and realize the potential of CCS to further climate goals'.
Eni Secures Funding from UK for CCS Transport and Storage System
Eni will be the operator of the CO2 transport and storage system for HyNet.
Hurricane Milton Barrels Toward Florida With 155MPH Winds
'Milton is forecast to remain an extremely dangerous hurricane through landfall in Florida'.
Middle East Geopolitical Pressures Can Impact Petroleum Markets Everywhere
'Gasoline prices in the U.S. are ultimately linked to the global Brent price of oil which is now caught in a tightening escalatory gyre', the ex-IPAA Chief Economist told Rigzone.
Macquarie Strategists Forecast USA Crude Inventory Build
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be 'up modestly'.
Equinor Becomes 2nd Largest Shareholder in Orsted
'The exposure to producing assets complements Equinor's operated offshore wind portfolio of large projects under development'.
Chevron to Sell Oil Sands, Duvernay Assets for $6.5B to Canadian Natural
Chevron signed a deal to divest stakes in producing and undeveloped oil sand, liquid and gas properties in Alberta to Canadian Natural for $6.5 billion.
Slovakia Backs Ukraine Entry into EU as It Hopes to Keep Gas Transit
Slovakia supports Ukraine's accession to the EU, but expects Kyiv to keep gas supplies flowing, even as a transit deal for Russian shipments ends in December.
