The latest oil and gas news from around the world.
Updated: 42 min 2 sec ago
US Sanctions Shipping Entities Linked to Iran, Hezbollah
The Treasury sanctioned over a dozen vessels and shipping firms that it accused of involvement in the export of oil and gas to East Asia and Syria on behalf of Iranian security forces and Lebanese militants.
SEB Analyst Looks at Henry Hub Price Surge
'The recent surge in U.S. Henry Hub futures prices can be credited to some factors'.
Nigeria Says Exxon Weighs $10B Offshore Oil Investment
The oil industry is critical to government revenues and the naira, the local currency.
UK Bars Five More LNG Ships Linked to Russia
'This is the first time the UK is using its new ship specification power to target LNG vessels directly'.
Chesapeake-Southwestern Merger to Close in October, Form Expand Energy
'Expand Energy is uniquely positioned to compete on an international scale to expand America's energy reach and deliver opportunity for the world's energy customers'.
Refiner Vertex Energy Files for Bankruptcy, Explores Sale
'As we enter this next phase of our restructuring process through a formal proceeding, we are appreciative of the continued support from our lenders'.
BP Issues Final Update on Hurricane Helene
'BP is closely monitoring Hurricane Helene to protect our personnel and operations in the deepwater Gulf of Mexico'.
ING Halts Funding of Upstream Firms, LNG Terminals
ING said it will 'stop all new general financing to so-called pure-play upstream oil and gas companies that continue to develop new oil and gas fields,' effective immediately.
Equinor JV Launches Cross-Border CCS Facility in Norway
'The completion of the Northern Lights facility marks an important milestone for the global development of a business model for carbon capture, transport and storage'.
What is Likely to Happen at Next OPEC+ Meeting in December?
Representatives of Enverus Intelligence Research and the Institute for Energy Research offer their views.
CNOOC Starts Up Sixth Oil and Gas Project Year to Date
CNOOC started production in the Shenhai-1 Phase II Natural Gas Development Project in the northern South China Sea.
DeepOcean Secures IMR Contract on UK Continental Shelf
DeepOcean secured a five-year frame agreement with a UK-based operator to provide diverless subsea IMR services on the UKCS.
Libya Set to Name New Central Banker in Deal That May End Oil Blockade
Libyan factions agreed to appoint a new central bank governor, paving the way for a resolution to a row that's slashed the OPEC nation's oil output.
Petrobras in Talks with Exxon and Others Over Africa Exploration
The move into Africa is part of a wider shift at Petrobras.
Oil Sinks Amid Saudi Output Plans and Libyan Oil Revival
Saudi Arabia's plans to raise oil output and Libya's appointment of a new central bank governor drove oil prices lower amid concerns of oversupply.
Fulkrum's Middle East Growth Fuels New Office Opening
'The decision to relocate to a larger office space follows a series of significant project wins'.
Oil Prices Continue to Drop
Representatives of Capex.com Middle East and Skandinaviska Enskilda Banken take a look at the oil price.
Excelerate Partners with PetroVietnam Unit for FSRU LNG Solutions
Excelerate and PTSC plan to study technical solutions based on floating storage and regasification units (FSRU) for LNG imports into Vietnam.
APA Extends AI Software Agreement with Palantir
The agreement builds on the work deployed across APA's global portfolio over the past three years and introduces new AI capabilities with Palantir's Artificial Intelligence Platform (AIP) software.
Diamondback, Kinetik Acquire Stake in EPIC Crude Pipeline
Diamondback is converting its existing commitment on EPIC Crude into a significantly larger volume commitment to accommodate additional crude barrels from its recently completed merger with Endeavor Energy.
