The latest oil and gas news from around the world.
Updated: 39 min 16 sec ago
Rigzone Talks to Ed Morse About Natural Gas Price Volatility
'We have prices going up sharply one day and down sharply the next', Morse said in an exclusive interview with Rigzone.
CNOOC Declares Breakthrough Gas Discovery in Carbonate Rocks Offshore China
CNOOC made 'the first major exploration breakthrough in ultra-deepwater carbonate rocks offshore China' after drilling about 9,850 feet deep into the Pearl River Mouth Basin.
CCUS Potential of Vietnam Coal Plants to be Studied
'This is the first carbon capture study to be conducted on coal-fired power plants in Vietnam and its findings can help define the development of our national CCUS roadmap and legal framework'.
Fortum Loads First Westinghouse Fuel at Loviisa Nuclear Power Plant
Fortum said the loading now guarantees a reliable Western alternative for fuel deliveries to the Loviisa power plant.
Petrobras to Supply Steelmaker CSN with Gas
The companies aim to develop optimizations that will enable gas deployment in other processes tied to their energy transition targets.
Petrobras, Shell Partnership Bags 26 Pelotas Basin Concession Contracts
Petrobras will hold a 70 percent stake in the blocks as the operator while Shell will own 30 percent.
Mol Secures Deal to Keep Russia Oil Flowing after Ukraine Bars Lukoil
Hungarian energy company Mol said it reached a deal that will ensure the continued supply of Russian crude oil via a pipeline running through Ukraine.
World's Oldest Guerrilla Force Revives War on Oil Companies
Colombian rebels have reopened their war on the oil industry.
Crude Futures Rebounded Monday
Oil rose Monday with tropical storm Francine threatening GOM assets.
Texas Regulator Plugged Over 1,000 Oil and Gas Wells in FY 2024
More than 1,000 orphaned oil and gas were plugged in Texas in fiscal year 2024 using state funds
Analysts Say Natural Gas Prices Are Falling Due to GOM Storm
'Right now, Cameron Parish is near the center of the cone of uncertainty for Six's path, with Sabine Parish on the outer edge of that cone', Energy Aspects' Head of North American Gas warned.
Iran Wants New Talks About the Nuclear Deal at UN General Assembly in NY
Iran aims to rekindle talks about its broken nuclear-power deal with the West.
Noble Closes Acquisition of Diamond, Appoints New Director
The transaction enhances Noble's position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drill ships in the industry and adding approximately $2 billion of backlog.
21 Companies Apply for Acreage in Latest Norwegian Licensing Round
'That we succeed in identifying and developing new fields is not only important for employment, value creation and government income here at home. It is also important for energy security in Europe'.
GOM Weather System Forecast to Become Hurricane This Week
'It is too soon to pinpoint the exact location and magnitude of impacts'.
Talos Makes Discovery in Ewing Bank Well in GOM
The EW 953 well encountered approximately 127 feet of net pay in the target sand at approximately 19,000 feet true vertical depth.
Santos Inks LNG Supply Deal with Glencore Singapore
The contract is to supply 19 LNG cargoes, or up to approximately 0.5 million metric tons of LNG per annum over a period of 3 years plus one quarter.
North America Posts Another WoW Rig Loss
North America cut one rig week on week, according to Baker Hughes' latest rotary rig count.
Saudis Cut October Price of Crude Oil for Asia as Demand Falls
Aramco lowered the selling price of its Arab Light crude for buyers in Asia by 70 cents to $1.30 a barrel against the regional benchmark.
Petronas Revenue for First Half of 2024 Up despite Lower Prices
'The prolonged geopolitical tensions and macroeconomic uncertainties remain the key drivers of heightened volatility that continue to negatively impact the global market'.
