The latest oil and gas news from around the world.
Updated: 29 min 22 sec ago
Karoon to Acquire FPSO in Brazil's Bauna Project
Karoon said it intends to contract a new operations and management contractor to operate and maintain the FPSO.
Crescent Logs $170 Million Loss for Q4
Annual net loss landed at $137.7 million.
Halliburton, Sekal Make Drilling Automation Breakthrough
Halliburton and Sekal AS said they delivered the world's first automated on-bottom drilling system.
BP Says It's Busy Developing Next Wave of Tech
Gordon Birrell, BP's EVP of Production and Operations, said the company is 'busy developing the next wave of technologies'.
Var Energi Strikes Oil in Barents Sea
The preliminary estimated gross recoverable resources encountered in the well are between 15 million and 43 million barrels of oil equivalent.
Africa Oil Expects to Complete Reorganization This Month
Africa Oil Corp. expects to complete the full takeover of Prime, a 50-50 venture with BTG Oil & Gas, in March, earlier than the third quarter as initially expected.
ENGIE Aims for 95 GW of RE, Storage by 2030
The French state-backed multinational power and gas utility said it targets to reach 95 GW of installed RE and energy storage capacities by the end of 2030 as it announced 'an accelerated decarbonization path'.
Ghana Stops Paying Oil with Gold
Ghana's new central bank chief suspended the West African nation's program of paying for oil with gold.
Excelerate Energy Posts Higher Quarterly, Annual Profit
'Our continued success, driven largely by the performance of our core regasification business, has positioned us as the industry leader in FSRUs and downstream LNG infrastructure'.
India Builds World's Longest LPG Pipeline to Cut Costs, Mishaps
India's state-run refiners will fully commission the world's longest liquefied petroleum gas pipeline by June.
Crude Suffers Worst Month Since September
Oil prices fell nearly 4% in February, marking their worst month since September, as escalating U.S. tariffs dampened investor confidence and clouded energy demand.
Senate Repeals Methane Leak Fee in Boon to Oil and Gas Industry
The Senate voted 52 to 47 to repeal the rule.
RRC Announces 'Significant Milestone in Texas' Energy Sector'
The Railroad Commission of Texas said it has issued its first permit for a deep geo-pressured, geothermal well to Sage Geosystems in Atascosa County.
Canada's Oil Heartland Sees Trade War Sparking Budget Shortfall
Alberta is projecting its first budget deficit after four years of surpluses.
IOG Resources Raises Production Stakes in Appalachia
IOG Resources acquired non-operating stakes in the Utica shale with a net production of about 26 million cubic feet of gas equivalent a day.
First Solar Boosts Sales to $1.51 Billion for Q4
Last year's net bookings totaled 4.4 GW.
Permian Resources Plans to Raise Production This Year
Permian Resources put its 2025 oil production guidance between 170,000-175,000 bpd.
Eni, Petronas Make Joint Venture Announcement
Eni and Petronas announced 'an exclusive memorandum of understanding to progress detailed discussions on establishing a joint venture holding company to oversee selected upstream assets in Indonesia and Malaysia'.
OEUK CEO Says UK Must Prioritize Homegrown Energy Over Imports
'We need homegrown energy', David Whitehouse, the chief executive of industry body Offshore Energies UK (OEUK), said.
GE Vernova, NRG Energy Launch JV to Power Data Center, AI Boom
Initially the JV will work to bring online four projects with a combined capacity of 5 GW, to be supplied to the ERCOT and PJM markets.
