The latest oil and gas news from around the world.
Updated: 25 min 12 sec ago
USA Issues Limited License for Chevron to Remain in Venezuela
The Trump administration issued a stripped-down license to Chevron Corp. to remain in Venezuela.
GIP in Advanced Talks for Controlling Stake in Eni CCUS Unit
Eni agreed to enter exclusive talks with GIP for the New York City-based asset manager's potential purchase of a co-controlling stake of 49.99 percent in the Italian energy major's CCUS business.
NWS Extension Project Set to Receive Aussie Government Approval
The proposed permit would extend the operating life of the NWS gas processing plant beyond the expiry of its current authorization in 2030.
Mercuria Signs Long-Term LNG Deal with Guangzhou Gas
The LNG supplied under this long-term arrangement will 'enhance Guangzhou Gas Group's capacity to secure stable gas resources'.
Record Breaking Shareholder Payouts Under Threat, Rystad Warns
'Western energy supermajors are faced with an increasingly difficult challenge', Rystad said.
EU on Track to Hit 2030 Emission Reduction Aim: Official Analysis
The European Commission claimed the EU is on course to curb GHG emissions by 55 percent by 2030 relative to 1990, though it said efforts need to go beyond existing policies.
Wood Secures $2B of Contract Awards Across APAC in Last 12 Months
'Demand for energy and resources in the Asia Pacific region continues to soar', said Ralph Ellis, President of Asia Pacific Operations at Wood.
Malaysia, Singapore Eye Importing Clean Power from Vietnam
'This alliance reflects the growing momentum towards a regionally integrated ASEAN Power Grid'.
Iberdrola Microgrid Helps Schneider Achieve Zero CO2 at Barcelona Plant
The microgrid has 990 solar panels, which can generate 670 MWh annually - enough to cover 10 percent of the factory's energy needs.
NesmaKent Bags PMC Contract from Aramco
The contract will launch the first phase of the National Engineering, Procurement, and Construction Champion Initiative.
Aramco Raises $5 Billion in Dollar-Bond Sale
The sale occurred amid a debt spree by the Saudi government and affiliated companies.
Saudi Arabia Based REDA Hazard Control Is Said to Explore Sale
Its clients include oil giant Saudi Aramco and chemical major Sabic, according to the company's website.
Oil Slips Despite Easing Trade Tensions
Oil fell as traders focused on the chance of another major OPEC+ production hike.
Crude Appears to be Consolidating as Markets Await OPEC+ Meeting
Crude prices appear to be consolidating around the $65 per barrel level as markets await the upcoming OPEC+ meeting, Ole R. Hvalbye, a commodities analyst at Skandinaviska Enskilda Banken AB (SEB), said.
Trump Orders Accelerated Nuclear Power Development, Innovation
'Today's executive orders are the most significant nuclear regulatory reform actions taken in decades'.
Wildfires Erupt Near Alberta Oil Well Sites Amid Hot Weather
Hot weather sparked a string of wildfires around Alberta over the weekend.
Saudi Arabia, Kuwait Announce 'Highly Significant' Oil Discovery
'The discovery is regarded as highly significant', a joint statement noted.
Vermilion to Sell Saskatchewan, Manitoba Assets
The transaction has an effective date of May 1 and is anticipated to close in the third quarter.
Equinor Seals About $7B Funding for Polish Offshore Wind Projects
Baltyk 2 and 3 'constitute the largest project finance undertaking ever completed in the Polish energy sector'.
