The latest oil and gas news from around the world.
Updated: 33 min 53 sec ago
Shipping Freeze Deepens in Strait of Hormuz
Traffic through the Strait of Hormuz remained largely frozen amid increasing tensions.
Oil Surges on Middle East Attacks
Markets reacted to renewed risks in the Persian Gulf as tanker attacks and military responses intensified.
Qatar Extends Force Majeure on LNG Supply
State producer QatarEnergy extended force majeure on its liquefied natural gas supply through mid-June, according to people familiar with the matter.
North America Goes Back to Losing Rigs
North America lost four rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Occidental COO Jackson to Replace CEO Hollub
The retiring Hollub, CEO since 2016 and board member since 2015, will remain on the board, 'ensuring continuity and ongoing strategic guidance', the Warren Buffett-backed energy company said.
OPEC Report Shows Oil Demand Reached Over 105MMBpd in 2025
In its latest Annual Statistical Bulletin, OPEC projected that world oil demand grew by 1.30 million barrels per day year on year in 2025, a release posted on OPEC's site outlined.
TotalEnergies Breaks Ground for 440 MW Philippine Solar Farm
TotalEnergies and local partner Nextnorth reached financial close and launched construction for a solar power plant with a capacity of 440 megawatts in northern Philippines.
OPEC+ Decides to Boost Output
A statement posted on OPEC's website on Sunday revealed that Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman decided to boost production in June.
JERA Posts Higher Annual Profit
'Profit excluding the time lag increased mainly due to the impact of fuel procurement prices and an increase in profits in overseas power generation and renewable energy business'.
US to Guide Trapped Ships through Hormuz
'The ship movement is merely meant to free up people, companies, and countries that have done absolutely nothing wrong - they are victims of circumstance', Trump said.
EU Issues New $704MM Funding Call for Cross-Border Energy Projects
The European Commission launched the first funding call for the second list of Projects of Common Interest and Projects of Mutual Interest.
Seplat Raises Q1 Dividend on Robust Oil Price Outlook
'The conflict in the Middle East has dramatically changed the outlook for the oil and gas industry in 2026, and quite possibly beyond'.
Wirth Warns Global Energy System Under 'Extreme Stress'
Chevron Corp. is worried that global oil supplies are running dry as the U.S.-Israel war with Iran enters its third month.
Trump Rues State of Iran Talks
President Donald Trump expressed displeasure with the current state of negotiations with Iran but stopped short of threatening fresh military action.
Iran Delivers New Talks Proposal to USA as Hormuz Stays Shut
Iran delivered a new proposal to the U.S. and President Donald Trump vowed to maintain a naval blockade.
Oil Slips as Iran Talks Hang in Balance
Oil prices dipped as uncertainty around US-Iran negotiations tempered recent gains.
Exxon, Chevron Beat Profit Estimates
Exxon Mobil Corp. and Chevron Corp. posted stronger than expected earnings for the first quarter.
DOE Continues ‘Swift Execution' of 172MM Barrel SPR Exchange
The U.S. Department of Energy announced that it has delivered a 'historic Request for Proposal execution to secure global oil supply stability'.
Kimmeridge, Mubadala Raise JV Production to Over 1Bcfd
Caturus, the JV, completed its acquisition of Galvan Ranch in Texas from SM Energy for $950 million.
OKEA Back to Black but Dividends Remain On Hold
The Norwegian oil and gas producer reported $36 million in net income for Q1, a bounce-back from prior-quarter losses and an increase year-on-year due to higher sales volumes and realized oil prices.
