The latest oil and gas news from around the world.
Updated: 24 min 52 sec ago
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'.
Quantent Completes Initial Acquisition of Haynesville Gas Assets
The initial acquisition includes over 7,000 net acres located in North Louisiana.
BMI Examines Trump and Harris Effects on USA Oil and Gas
BMI highlighted that its Country Risk Team has not yet made a call in the elections.
Danish Firm Opens Philippine Office, Eyes Further Renewable Investments
'We were granted Wind Energy Service Contracts for a 2 GW [gigawatt] portfolio of offshore wind projects and 300 MW [megawatts] of onshore wind'.
Alberta invests $2MM in Waste-to-Energy Carbon Capture Facility
'The study is an important first step to realizing a large-scale municipal waste-to-energy facility with carbon capture and storage'.
Karoon, LLOG Begin Drilling at Who Dat South in GOM
The Who Dat South prospect is estimated to contain 31 million barrels of oil equivalent (MMboe) of gross unrisked Prospective 2U Resources.
World Oil Demand Growth Is Slowest Since Pandemic as China Cools, IEA Says
Global oil demand growth is 'slowing sharply' as China's economy cools.
Phillips 66 Seeks to Raise $1.8 Billion in Debt Instrument Sale
The downstream company entered into an agreement for an underwritten public offering of senior notes with a combined principal amount of $1.8 billion.
Almost Half of GOM Gas Production Shut-In
'Once all standard checks have been completed, production from undamaged facilities will be brought back online immediately', the BSEE said.
European Commission Pledges Hydrogen, RE Funding for Namibia
The Commission rolled out a funding package to support the deployment of clean hydrogen and renewable power in Namibia.
Nigerian Regulator Denies Approving Shell's Onshore Exit
Citing senior government sources, a local newspaper reported the $1.3 billion sale now only needed the approval of President Tinubu, who is also oil minister.
Petrobras Taps SBM to Grow Fleet of Production Vessels
SBM Offshore has two massive oil vessels heading to Brazil and is waiting on Petrobras to offer tenders for similar units to help accelerate production growth.
Equinor Makes Gas and Condensate Discovery in Norwegian Sea
Preliminary estimates place the size of the discovery in the range of 70.6-141.2 MMscf of recoverable oil equivalent.
Eni Gets Green Light to Build Third Biorefinery in Italy
The facility will have a production capacity of 500,000 tonnes per year.
Oil Prices Jump as Hurricane Francine Forces Production Shutdowns
Despite weak global demand, Hurricane Francine drove oil prices higher by disrupting key US Gulf production zones, overshadowing bearish stockpile data.
US DOE to Award Nearly $500 Million in Incentives for Power Dam Upgrades
The DOE picked 293 projects across 33 states for the Maintaining and Enhancing Hydroelectricity Incentives program.
Dryad Flags GPS Interference Incidents
Dryad Global warned that GPS jamming is a developing threat.
Harris Touts Record Oil Boom in Rare Embrace of Fossil Fuels
Kamala Harris touted the record U.S. oil boom during her time as vice president in Tuesday's debate with Donald Trump.
