The latest oil and gas news from around the world.
Updated: 52 min 8 sec ago
BMI Looks at the Effects of Increased OPEC+ Production
As things stand, 2025 will mark the first year that the OPEC+ group raises its output in the face of falling prices since the Declaration of Cooperation took effect in 2017, BMI analysts said.
Nigeria's NNPC Admits Struggles in Paying Gasoline Traders
Nigeria's national oil company acknowledged facing financial strain from indebtedness to petrol suppliers and conceded the country faces risks of fuel shortage.
South Sudan Official Demands Environmental Accountability from Oil Firms
Oil companies pumping crude from South Sudan should restore the environment after years of widespread degradation, a government official said.
Shell Inks Deal to Supply Turkiye with US LNG
BOTAS and Shell signed an agreement for the British energy giant to supply Turkiye with up to 141.3 Bcf per annum of LNG for 10 years.
Oil Prices Dive as Libya Supply Deal Fuels Demand Concerns
Oil markets reel as Libya prepares to boost output, amplifying fears over sluggish global demand and driving prices to new lows.
BOEM Offers Nearly 195,000 Acres Offshore Oregon for Wind Leasing
The two wind energy areas to be auctioned offer a potential 3.1 GW of power.
Saxo Bank Head of Commodity Strategy Offers Oil Price Warning
In a note posted on the Saxo Bank AS website earlier today, Ole Hansen, the company's Head of Commodity Strategy, offered an oil price warning.
Talos CEO Steps Down, Board Starts Search for Successor
Joseph Mills, who has served on the company's board since March, will serve as interim President and CEO until a successor is in place.
Brent Crude Tumbles Below $75 a Barrel
The global benchmark dropped below $75 a barrel and touched the lowest intraday price since December 2023.
India's Top Oil Explorer May Set Up Refinery in Uttar Pradesh
India's Oil and Natural Gas Corp. is considering setting up a multibillion dollar refinery and petrochemical project in the nation's most populous state.
US DOE Plans to Award $62 MM to 20 Green Hydrogen Projects
The DOE selected 20 projects on next-generation clean hydrogen technologie for potential funding totaling $62 million.
USA Centcom Says Houthis Attacked 2 Oil Tankers
'Both vessels are laden with crude oil', U.S. Central Command warned.
DNO Closes Acquisition of Norne Stakes from Var Energi
The transaction includes interests in four producing fields as well as the ongoing Verdande development.
9 Energy Firms Support UK University's Energy Transition Research
The funding will aid the creation of a new research initiative focused on decarbonizing the oil and gas sector and advancing the shift to clean energy.
UK Oil Body Models Impact of EPL on UK Economy
'The analysis shows the policy will undermine the UK offshore energy sector's ability to support the government's overarching goal of driving economic growth'.
TotalEnergies Invests $100MM in NA Sustainable Forestry Operations
TotalEnergies said the investment supports improved forest management (IFM) practices across a portfolio of 20 carbon projects, covering 300,000 hectares in 10 states across the USA.
Oman Inks Exploration, Production Sharing Agreement for Block 15
Oman signed the agreement with MB Group and China National Oil and Gas Exploration and Development.
Indonesia Eyes to Build Oil Reserve of 10 Million Barrels
Indonesia plans to set aside more than 10 million barrels of crude - about a 10th of global daily consumption - over the next decade as a buffer against energy shocks.
Chevron-Led Group Says Honoring Cyprus Agreement with $4B Aphrodite Plan
Chevron and its partners in the gas field submitted a development plan with an estimated investment of $4 billion, after failed talks for cost-saving changes to the original terms approved by Cyprus.
Libya National Oil Corp Declares Force Majeure on El-Feel Field
NOC indefinitely closed down El-Feel, weeks after shutting down the Sharara field, amid political tension.
