The latest oil and gas news from around the world.
Updated: 9 min 11 sec ago
OMV to Build Major Green Hydrogen Plant in Lower Austria
With a capacity of 23,000 metric tons a year, it would be the biggest European electrolytic facility to produce renewable hydrogen.
OKEA Discovers More Oil in Brage Field in Norwegian North Sea
OKEA made a discovery that is estimated to hold 300,000 to 2.8 million barrels of recoverable oil equivalent along the eastern flank of the already producing Brage field.
Eni to Develop Three PV Plants for Marelli
The facilities will be located at Marelli's production sites in Melfi (Potenza), Sulmona (L'Aquila), and Turin, with a total capacity of 5.4 MWp.
Egypt Considers Securing Another LNG Vessel as Import Needs Jump
Egypt was exporting gas just a year ago but is now rushing to lock in supplies to cover domestic demand.
Goldman, Morgan Stanley Say Trump Can Deploy Other Tariff Tools
Two of Wall Street's top investment banks cautioned that the impact of a court ruling striking down many of President Donald Trump's tariff measures may prove limited.
Oil Falls on Weak US Data and OPEC Output Fears
Oil prices dipped Thursday as soft U.S. economic data and OPEC+ output concerns dampened earlier gains.
Bureau of Land Management Leases 3 Parcels in New Mexico
The U.S. Bureau of Land Management announced that its New Mexico State Office leased three parcels, totaling 1,262 acres.
Glenfarne Taps Worley for Final Engineering Works on Alaska LNG
Glenfarne selected Worley to complete engineering works and update the cost estimate for the Alaska LNG project in preparation for an FID.
GasBuddy Head Predicts 'Relatively Stable Stretch for Gas Prices'
'Don't expect the national average to rise above $3.30 per gallon, nor drop much below $3 for now', Patrick De Haan, GasBuddy's head of petroleum analysis, said.
Equinor Offers $1.75B Bonds
The offering consists of $550 million notes due 2028, $400 million due 2030 and $800 million due 2035.
Standard Chartered Expects OPEC+ 8 to 'Continue with Accelerated Unwinding'
'Adding a further 411,000 barrels per day to targets for July would bring the cumulative unwinding over four months to 1.4 million barrels per day', analysts at Standard Chartered Bank said.
North Atlantic in Talks with ExxonMobil to Buy French Refinery Complex
ExxonMobil agreed to enter exclusive negotiations with North Atlantic for the Canadian company's potential takeover of a refining and petrochemical complex in France.
OPEC+ Ratifies Group-Wide Quotas Before July Output Decision
OPEC+ ratified group-wide production quotas for this year and next.
Optimal Group to Deploy Capstone Microturbines at Oceania Power Project
The project will deploy C1000S Signature Series microturbines in a scalable configuration to deliver an initial 2 MW of reliable, low-emission power to an isolated community.
OMV Dividend Raised, 3 Supervisory Board Members Reelected
OMV's annual general meeting agreed on a total dividend of EUR 4.75 ($5.35) per share for the financial year 2024.
Uniper, thyssenkrupp Uhde Partner for Hydrogen Tech Development
Uniper has roped in thyssenkrupp Uhde as a partner and secured state funding for a large-scale ammonia cracker development project in the German state of North Rhine-Westphalia.
Ecopetrol to Push Ahead Gas Drilling after Shell Exit
Ecopetrol plans to continue drilling for gas in Caribbean waters after partner Shell exited three offshore blocks, betting on growing domestic demand and potentially lucrative reserves.
Smallest Gulf Oil Producer Seeks LNG Imports Amid Ample Supply
Bahrain is seeking liquefied natural gas imports and considering long-term deals as the market appears well supplied, according to the boss of its state energy company.
Oil Rises Amid Sanctions Risk
Threats to Iran talks and OPEC+ output uncertainty fueled bullish sentiment, despite lingering oversupply concerns.
Macquarie Strategists Forecast Week on Week USA Crude Inventory Build
In an oil and gas report sent to Rigzone late Tuesday by the Macquarie team, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up for the week ending May 23.
