The latest oil and gas news from around the world.
Updated: 12 min 16 sec ago
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'.
Eni, Azerbaijan's SOCAR Ink Cooperation Deal on Oil and Gas, Renewables
Eni and Azerbaijan's SOCAR agreed to cooperate on emission reduction projects in the COP29 host country at the same time pursuing hydrocarbon development to secure fuel for Europe.
Maryland Project Approval Raises Federal Offshore Wind Potential to 15 GW
There are now 10 federally approved offshore wind projects in the U.S., representing over 15 GW of generation capacity.
USA Slaps On More Sanctions to Thwart Russia's LNG 'Dark Fleet'
The U.S. has sanctioned two more vessels along with two related shipping companies.
Oil Sees Biggest Drop in 11 Months as Demand Worries Grow
Oil prices tumbled to their lowest in nearly a year, hit by weak US jobs data and ongoing concerns about slowing demand, despite OPEC+ efforts to limit supply.
AEA Releases American Energy Scorecard
'This comprehensive tool evaluates legislators' voting records and co-sponsorship decisions on critical energy issues in order to inform voters and hold Members of Congress accountable to their constituents'.
OPEC+'s Quick Fix Masks a Bigger Problem
The group led by Saudi Arabia and Russia chose on Thursday to delay plans to restore output by two months.
NuVista CEO to Retire, Current COO to Take Over
Wright has agreed to continue to serve the company as a member of its board of directors.
Aramco, Trafigura Said to Vie for Shell South Africa Assets
Saudi Aramco, Abu Dhabi National Oil Co., and Trafigura are among suitors competing to buy Shell's service stations in South Africa, according to people familiar with the matter.
UK Renewable Auction Nets 131 New Projects, Including Offshore Wind
The results are a marked improvement on the previous auction round in 2023, which saw 92 projects delivered but no offshore wind projects.
Trio Petroleum Reports Increased Value in California Asset
Trio said that the reserve report recognizes P2 Undeveloped Reserves and Possible (P3) Undeveloped Reserves for three project development phases.
Czechia Offers Grid for Gas Imports to Replace Russian Supplies
Czechia offered its gas transmission system for imports needed to replace Russian gas flowing to Europe under the expiring Russia-Ukraine transit deal.
NG Energy Signs MoU for Colombia Asset Infrastructure Development
The MoU is for the completion of up to an additional 76 million cubic feet per day (MMcfpd) of pipeline capacity from Sinu-9.
Oil Strategists See Potential for USA Crude Build in Next EIA Report
'Looking ahead to next week's release, we see potential for a commercial U.S. crude stock build'.
Rystad: Oil, Gas Will Remain Central to Energy Mix for Foreseeable Future
Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future, Rystad Energy stated.
Egypt Seeks to Import More LNG for Winter
Egypt is seeking to buy 20 cargoes of LNG starting October, marking the first time in years it will import the fuel in the run up to winter.
Norway Seeks to Award More Carbon Storage Exploration Licenses in 2024
Six companies including subsidiaries of Equinor and TotalEnergies submitted proposals in a new exploration licensing round for CO2 sequestration on the Norwegian side of the North Sea.
Oil Steady Amidst Opposing Forces
Risk-Off Sentiment Dulls OPEC+ Boost.
