The latest oil and gas news from around the world.
Updated: 3 min 16 sec ago
Shell, Eni Invest in Carbon Capture Tech Using Molten Borates
Mantel Capture, Inc. has raised $30 million in Series A funding co-led by Shell Ventures and Eni Next.
Denmark's Flagship Carbon Storage Project Advances
Project Greensand aims to develop, test and demonstrate safe and efficient storage of carbon dioxide (CO2) in the North Sea subsurface.
European Commission Opens Applications for CB RES Status
The European Commission opened applications for cross-border renewable energy project recognition, which is required for studies and works to access funding from the Connecting Europe Facility for Energy.
Equinor Starts Conversion of Troll Field to Onshore Power
The onshore power supplied to Troll B and C reduces annual emissions on the Norwegian continental shelf (NCS) by 250,000 metric tons of carbon dioxide.
ADNOC Inks Agreement to Supply LNG to Indian Oil
The agreement is for the delivery of 1 million metric tons per annum (mmtpa) of LNG, which will be primarily sourced from ADNOC's lower-carbon Ruwais LNG project.
Transocean Bags Drilling Contracts for US Gulf of Mexico, India
The Swiss driller secured a combined $355 million under two separate contracts with BP and Reliance.
European Gas Prices Gain as Market Awaits Francine Impact on LNG
European natural gas prices advanced as the market awaits the impact of Hurricane Francine.
BMI Analysts Say OPEC+ Cuts Are Crutch Which Market Heavily Relies On
'With participants taking it as a given that the group will act when prices fall too far, moving the needle on Brent requires strong and surprising actions'.
BSEE Activates Hurricane Response Team, Reveals Production Outages
'The BSEE team will work with offshore operators and other state and federal agencies until operations return to normal and the storm is no longer a threat to Gulf of Mexico oil and gas activities'.
Chevron, NNPC JV Eyes 165,000 BOPD of Production by Yearend
The partners aim to reach production of 165,000 bopd by the end of 2024 after converting their licenses under the terms of the Petroleum Industry Act.
Billionaire Ex-Glencore Oil Chief Appears at UK Court Accused of Corruption
Alex Beard is accused of conspiring to make corrupt payments to government officials and state-owned oil firm employees in Nigeria and Cameroon.
Invictus Identifies New Gas Prospects in Zimbabwe's Cabora Bassa Basin
Invictus identified eight key prospects with a total of 2.9 Tcf of gas and 184,000 barrels of condensate.
Crude Tumbles Amid Supply Glut and Demand Fears
Brent futures fell below $70 a barrel for the first time since 2021, driven by robust supplies, weak demand from the US and China, and speculative selling, leading to a bearish shift in oil futures.
New Mexico Rolls Out Home Electrification, Appliance Rebates Program
'New Mexico is the first state to enable residents to get home-energy efficiency rebates at the point of sale'.
Crude Continues Crisis of Confidence
'Without an incremental catalyst to shift sentiment, crude remains for sale from the systematic community', Rebecca Babin, a senior equity trader for CIBC Private Wealth in New York, told Rigzone.
Tropical Storm Francine Churns Toward Louisiana as Path Shifts
Tropical Storm Francine is set to become a hurricane Tuesday.
Pembina Gas to Acquire Veren's Oil Batteries in Alberta
PGI will acquire four batteries in the Gold Creek and Karr areas, which include natural gas handling capacity of 320 million cubic feet per day and liquids handling capacity of 53,000 barrels per day.
BP Taps Palantir for New AI Capabilities
Palantir's AIP software will assist BP to safely and reliably harness large language models (LLMs) to improve and accelerate human decision-making.
Well Intervention Opportunities Abound in UKCS: Report
There is a 'huge opportunity to access resources in a more timely, clean, and cost-effective way'.
ORLEN Secures Access to LNG Station in Lithuania
ORLEN has entered into a five-year exclusive agreement with Lithuania's KN Energies granting it sole access to a small-scale LNG reloading wharf station in Klaipeda.
