The latest oil and gas news from around the world.
Updated: 52 min 47 sec ago
Aramco Inks Agreements Expanding AI Deployment across Its Operations
'.New digital technologies such as Generative AI and the Industrial Internet of Things are expected to transform not only how we work but also our commercial environment'.
Perma-Pipe Swings Back to Profit for Second Quarter
Perma-Pipe saw higher sales volumes and better margins.
Conrad Asia Energy Stays in the Red
Conrad, a gas exploration and production company focused on Indonesia, reported $3.5 million in comprehensive loss for the first half of 2024.
Eni Integrates Energy Businesses in New Structure
The company aims to complete the integration of its upstream, midstream, power, and trading businesses 'to capture margins across the value chain'.
The Hague Becomes World's First City to Ban Oil Ads
The Dutch city became the first in the world to ban ads promoting fossil fuel products and carbon-intensive services including cruise ships and air travel.
Oil Slips as Gulf Production Resumes After Storm Francine
Oil prices slipped as producers resumed operations post-Storm Francine, but futures still posted a weekly gain, the first in a month, driven by risk-on sentiment and reduced bearish positions.
Libyan Oil Exports Drop Further as UN Fails to End Bank Impasse
Libya's crude exports continued to slump as UN-led talks failed to break an impasse over control of the country's central bank that has spilled over into its oil industry.
Viper Energy to Acquire Assets from Tumbleweed
The acquisition price is $461.0 million of cash and approximately 10.1 million OpCo units.
BlackRock Buys Stake in Saudi Bahrain Pipeline from Bapco Energies
SBPC owns a portion of the 69.6-mile (112-kilometer) pipeline supplying crude oil from Saudi Aramco to Bapco Refining, the national refinery of Bahrain.
Petrobras, Steelmaker Gerdau Eye Decarbonization Cooperation
The two companies agreed to explore potential partnerships aligned with their diversification and decarbonization strategies.
Texas LNG Nears FID with New Offtake Deal
Texas LNG said it has now secured sufficient volume in offtake commitments needed for the FID.
APA Offloads More Non-Core Assets
'Our remaining Permian position has scale and balance in the unconventional Midland and Delaware Basins'.
Solaris Oilfield Infrastructure Takes Over Mobile Energy Rentals
The acquisition marks the well equipment provider's entry into the critical distributed power infrastructure solutions market.
Investors Bet on Nuclear Energy Comeback
Fund managers are betting that nuclear energy, an area traditionally off-bounds for investors with environmental mandates, is set to make a comeback.
Europe Gas Futures Drop as Ukraine Transit Worries Ease for Now
European gas futures dropped to the lowest since the end of July as concerns eased over near-term exports from Russia that travel across Ukraine.
Aramco Closes in on More Downstream Acquisitions in China
Aramco secured agreements with two Chinese refiners laying the groundwork for potential stake acquisitions that would expand the Saudis' downstream footprint in China.
Mongolia's First $1.7B Refinery To Be Ready By March 2026
The upcoming refinery is the single largest line of credit project being funded by India across the world.
Oil Rallies on GOM Output Disruptions and Easing Market Volatility
Oil prices rose for the second day as storm Francine disrupted Gulf of Mexico production, halting 670,000 barrels per day, while algorithm-driven traders paused recent selling, pushing WTI to $69 and Brent to $72.
Enverus Releases List of Top Solar, Wind, Energy Storage Devs in Texas
'Storage, wind, solar, and carbon capture will be an important make up of Texas' power generation mix in the future'.
