The latest oil and gas news from around the world.
Updated: 10 min 36 sec ago
Ex-IPAA Chief Economist Looks at Natural Gas Price Rise
In an exclusive interview with Rigzone, Frederick J. Lawrence, the ex-Independent Petroleum Association of America Chief Economist, examined the natural gas price rise on Thursday.
European Gas Halts Selloff
European natural gas advanced, halting a slide that pushed it toward oversold territory.
Harbour Closes Wintershall Dea Asset Acquisition
The acquisition has an effective date of June 30, 2023.
Eni-Snam JV Starts CO2 Injection for Ravenna CCS Project
Phase 1 of the project is designed to capture, transport, and store CO2 emissions estimated at approximately 25,000 metric tons per year from Eni's natural gas treatment plant in Casalborsetti.
NEO Energy Holds Back on UK Oil and Gas Investing on Regulatory Uncertainty
NEO decided to 'slow down' oil and gas investment in the UK due to risks from the government's planned policy and taxation changes.
Saipem Inks $1B of Offshore Contracts with Aramco
Saipem's scope of work involves the engineering, procurement, construction, and installation (EPCI) of infrastructure, including production deck modules and pipelines.
ADNOC to Acquire Stake in ExxonMobil's Hydrogen Facility in Texas
The facility will leverage advanced carbon capture and storage technologies to reduce emissions associated with hydrogen production.
Nigeria to Allow Aliko Dangote's Refinery to Set Gasoline Prices
Nigeria will allow Dangote to set the price of gasoline to petroleum marketers starting next month, according to officials with knowledge of the matter.
EIR Tracks $79B in Power Asset and Energy Transition M&A Through H1
'Recording nearly $80 billion through the first six months of 2024, plus an additional $26 billion so far in 3Q24, is a showing of strength for power and energy transition deal markets'.
QatarEnergy to Build 2,000 MW Solar Project
The Dukhan plant will more than double the Gulf state's electricity production capacity from solar farms to about 4,000 MW by 2030.
Oil Markets Have Been on a Rollercoaster Ride
Rystad Energy Senior Analyst Svetlana Tretyakova said oil markets have been on a rollercoaster ride of late.
Perenco to Acquire Four Mature Trinidad and Tobago Gas Fields from BP
BP signed an agreement with Perenco to offload four mature gas fields offshore Trinidad and Tobago as it refocuses investment in the Caribbean country to scalable gas assets.
Saudi Arabia Faces Potential Deficit on Oil Decline
Saudi Arabia's current account balance is set to flip into deficit as oil prices decline and imports related to huge projects meant to transform the economy rise.
Oil Continued Fall Despite OPEC+ Signaling Output Pause
Demand risks are driving crude prices down despite OPEC+ signals.
Libya Inches Closer to Central Bank Deal Though Hurdles Remain
Libya's rival political factions agreed to a road map to appoint a central bank governor.
Solaris Oilfield Infrastructure Wins Shareholder Vote on $200MM Acquisition
The Houston-based well equipment provider expects to complete the merger with power solutions firm MER in the 'next couple of weeks'.
TXOGA Says It Applauds Actions Taken by PUC
The Texas Oil & Gas Association said it applauds actions taken by the Public Utility Commission to advance Texas Energy Fund Projects.
Voyager Midstream Acquires Haynesville Gas Assets from Phillips 66
The acquisition includes approximately 550 miles of natural gas pipelines and associated compression.
Aker BP Starts Production at Tyrving Field in North Sea
The Tyrving development consists of three wells and two new subsea installations.
Analyst Talks Oil Prices, Flags Toxic Mix
'Crude literally can't find a friend in this market', the analyst said.
