The latest oil and gas news from around the world.
Updated: 10 min 48 sec ago
BP to Sell USA Onshore Wind Energy Business
'BP Wind Energy's assets are high-quality and grid-connected but are not aligned with our plans for growth in Lightsource bp'.
2 Sinochem Oil Refineries Declared Bankrupt as Margins Plunge
Two oil refiners in China run by chemical conglomerate Sinochem Group Co. were declared bankrupt.
Equinor's FPSO Arrives in Johan Castberg in Barents Sea
Equinor will start connecting the FPSO to the area's subsea facilities, preparing it for production start-up towards the end of the year.
Staatsolie, PetroChina Ink PSCs for Suriname Blocks
The blocks are in the eastern part of the Suriname-Guyana basin and border Block 52, where oil and gas discoveries have previously been made.
US Better Buildings Initiative Has Achieved $22 Billion in Cost Savings
The initiative has saved over 3.6 quadrillion Btu of energy and 22 billion gallons of water since its implementation in 2011.
PHOTOS: Attacked Oil Tanker Towed to 'Safe Area'
'While private stakeholders complete the salvage operation, Aspides will continue to monitor the situation'.
North America Breaks Rig Loss Streak
North America added six rigs week on week, according to Baker Hughes' latest rotary rig count.
Europa Oil Gets Planning Consent for Wressle Extension Project in UK
Europa received planning permission to drill two additional wells and build associated infrastructure under an extension project in the Wressle field.
Mitsubishi Plans to Invest in ExxonMobil Hydrogen Project in Texas
The cooperation between ExxonMobil and Mitsubishi would 'develop low-carbon hydrogen and ammonia supply chains that will bridge the United States and Japan'.
UK Offshore Oil and Gas Industry Hit 2027 Emissions Goal Early, Says Lobby
During the five years ending in 2023, companies reduced their pollution by over 25 percent, a percentage they originally pledged to achieve by 2027 in the North Sea Transition Deal.
Apollo Inks $1B Deal With BP for Stake in Gas Link
Apollo Global Management agreed to pay BP Plc $1 billion for a stake in a key Caspian-region natural gas pipeline.
Libyan Export Decline and Fed Speculation Propel Oil Above 70 Dollars
Oil prices surged over 2%, with West Texas Intermediate settling above $70 a barrel, driven by slumping Libyan exports and expectations of aggressive Federal Reserve rate cuts.
Potential Gulf of Maine Area for Wind Leasing Halved to Nearly 1 MM Acres
The potential lease sale is expected to offer about 15 GW of generation.
Analysts Look at Oil Price Rise
Representatives of CIBC Private Wealth and RBC Capital Markets talk to Rigzone.
1PointFive Bags $500MM in Funding from OCED
The OCED is funding the development of the South Texas Direct Air Capture (DAC) Hub.
Pertamina, Vale Team Up for HVO in Indonesia
'These solutions include the provision of cleaner fuel, along with efficient logistical and infrastructure support, ensuring optimal and sustainable business operations'.
Baker Hughes Launches New Digital CCUS Solution
Baker Hughes outlined that the solution delivers precise, real-time data and alerts on carbon dioxide (CO2) flows across CCUS infrastructure.
Saipem Scores $4B EPC Contract from QatarEnergy LNG
The contract is for the combined COMP3A and COMP3B of the North Field Production Sustainability Offshore Compression Program.
AI Boom Is Driving a Surprise Resurgence of USA Gas-Fired Power
Energy companies in the U.S. are planning new natural gas-fired power generation at the fastest pace in years.
USA EIA Cuts Brent Oil Price Forecast
The U.S. Energy Information Administration reduced its Brent spot price forecast for 2024 and 2025 in its latest short term energy outlook.
