The latest oil and gas news from around the world.
Updated: 13 min 2 sec ago
Golar LNG Advances FLNG Project with $1.6B EPC Contract
The MK II FLNG is expected to be delivered in the fourth quarter of 2027.
Woodside Inks 10-Year Deal to Supply LNG to Japan's JERA
Woodside will supply approximately 0.4 million metric tons, or six cargoes, of LNG per year over 10 years on a delivered basis.
Kerry: Oil Industry Yet to Prove Carbon Capture Viable
Carbon capture utilization and storage is one of the oil industry's favored decarbonization tools.
EIA Fuel Update Shows Decreasing Price Trend in Gasoline, Diesel
The U.S. Energy Information Administration's latest gasoline and diesel fuel update showed a decreasing price trend in both gasoline and diesel.
NSTA Chief Says Next Chapter of North Sea Can be its Best
'If we get this right the next chapter of the North Sea can be its best chapter'.
UK Utility OVO Billed $3.2MM for Allegedly Mishandling Complaints
Gas and power distributor OVO agreed to make compensation and redress payments for shortcomings in responding to consumer complaints.
CNOOC Starts Production in Two Oilfields in South China Sea
The state-backed company expects Liuhua 11-1/4-1 to reach about 17,900 boed in peak production in 2026.
Low Carbon Prices in Oil Sands Home Seen Slowing Emission Reduction
'Not having clarity on pricing or policy going forward adds another level of uncertainty and puts up another barrier'.
Mozambique Nationalism Election Debate Risks LNG Project Delays
Mozambique's presidential candidates are advocating for the nation to renegotiate contracts for its so-called mega-projects with developers.
Steeper Fed Rate Cut Fails to Support Oil Amid Weak Demand
Oil prices edged lower as signs of weak US demand outweighed rising tensions in the Middle East and a steeper-than-expected Federal Reserve rate cut.
Rhode Island Launches Home Electrification, Appliance Rebates Program
Rhode Island has become the fifth state in the U.S. to roll out their portion of the $8.8 billion Home Energy Rebates Program.
'Crucial' Legislation Passes Senate
'The Royalty Resiliency Act is a crucial piece of legislation', AXPC CEO Anne Bradbury said.
Chevron CEO Attacks Biden LNG Export Pause on Costs, Carbon
Chevron Corp. Chief Executive Officer Mike Wirth called on the administration to reverse the pause.
USA EIA Reduces Henry Hub Gas Price Forecast for 2024 and 2025
The U.S. Energy Information Administration cut its Henry Hub spot price forecast for 2024 and 2025 in its latest short term energy outlook.
Standard Chartered, JP Morgan Look at Oil Price Moves
'Extreme positioning, groupthink, and algorithmic trading strategies are still generating far too much noise', analysts at Standard Chartered said.
UK Energy Secretary Vows to Face Down NIMBYism to Deliver Rapid Transition
'We will take on the blockers, the delayers, the obstructionists'.
Equinor Makes New Gas Discovery in Norwegian North Sea
Equinor and its partners discovered natural gas in the Gudrun field on Norway's side of the North Sea.
Spain Poised to Lead EU Hydrogen Market: Rystad Energy
'Spain's optimal conditions for renewable energy, coupled with supportive policies, have positioned it as one of the most cost-effective regions for green hydrogen production'.
Oil Consumers Hedged in Droves as Prices Fell Below $70
The number of long contracts held by swap dealers on global benchmark Brent jumped by almost 50,000 lots last week.
Oil Climbs on Fed Rate Cut Hopes and Renewed Lebanon Tensions
Oil prices rose above $71 a barrel driven by expectations of aggressive Federal Reserve rate cuts and heightened geopolitical tensions following deadly blasts in Lebanon.
