The latest oil and gas news from around the world.
Updated: 59 min 52 sec ago
Canadian Natural Completes Purchase of Chevron Oil Sands, Duvernay Assets
The $6.5 billion transaction consisted of producing and undeveloped oil sand, liquid and natural gas properties in Alberta province.
INPEX Extends Shin Tokyo Gas Pipeline by Nearly 10 Miles
'The extension connects to the Tokyo Line in Honjo City, Saitama Prefecture, enhancing the stability and efficiency of natural gas supplies to the region'.
Explosion at Italian Fuel Storage Site Kills 2 Workers
An explosion occurred Monday at a fuel storage facility in northern Italy owned by Eni SpA.
Heritage Foundation, BCG Talk to Rigzone About OPEC+ Meeting
What would have happened to the oil price if OPEC+ didn't extend its production cuts?
ONEOK Boosts Fractionation Capacity to Over 1MM BPD
The completion of the full looping of the West Texas NGL Pipeline system expands its capacity to 515,000 bpd.
WoodMac Says Shell, Equinor Combination Creates New UK Superpower
'It is clear the UK is still attractive for some companies', Wood Mackenzie highlighted.
BP, JERA to Consolidate Offshore Wind Assets under New JV
BP and JERA agreed to combine their global offshore wind portfolios, committing up to $5.8 billion in capital by 2030.
Norway, Australia End Overseas Financing for Unabated Fossil Fuels
Australia and Norway published national guidelines that implement their commitment to ending new international investment in unabated fossil fuel activities.
Top Insurers' Climate Losses Nearly Match Premiums from Fossil Fuels
Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our Future.
BP Extends Oman EPC Contract Awarded to Worley, STS Joint Venture
'The services include ongoing field development of BP's Block 61 gas field in Oman as well as brownfield modifications of operational assets including the central processing facility'.
Brent Tops $72 as China Easing Boosts Oil Demand Outlook
Oil prices climbed as China's leaders signaled a "moderately loose" monetary policy for 2025, boosting demand optimism, while Middle East tensions and Saudi price cuts underscored a volatile market outlook.
North America Goes Back to Losing Rigs
The total North America rotary rig count now stands at 783, according to Baker Hughes.
China Solar Industry Looks to OPEC for Guide to Survival
More than 30 of the top companies signed up to a program of self-discipline at the China Photovoltaic Industry Association's annual meeting last week.
Sembcorp Unit Inks Long-Term LNG Supply Deal with Chevron
Chevron will deliver 0.6 MMtpa over 10 years for Singapore.
APA Launches Exchange, Redemption Offers for $4.78 Billion Apache Bonds
APA initiated an offer to cancel Apache notes with a combined principal amount of $4.78 billion in exchange for new unsecured bonds to be issued by APA.
Sanctioned Russia Oil Tanker Turns Back from Detour Around UK
The vessel made a u-turn and headed south toward the English Channel hours after Bloomberg published a story highlighting its unusual route.
Ecopetrol Confirms Largest Gas Find in Colombia's History
This discovery could increase the country's current gas reserves by 200 percent, Ecopetrol highlighted.
Energy Transfer Makes FID on Permian Basin Pipeline
The large-diameter pipeline, previously called the Warrior Pipeline, will be renamed the Hugh Brinson Pipeline.
Shell Says Awarded $1.98 Billion Contracts to Nigerian Firms in 2023
'Nigerian content will continue to be an important part of Shell operations'.
India Will Dominate Oil, Gas Transmission Pipeline Length Additions in Asia
'India is expected to be at the forefront in terms of the trunk/transmission oil and gas pipeline network additions in Asia', GlobalData said.
