The latest oil and gas news from around the world.
Updated: 29 min 8 sec ago
DOE Allots Funding to Strengthen Puerto Rico Power Grid
'Puerto Rico is facing an energy emergency that requires we act now and deliver immediate solutions', Governor Jenniffer Gonzalez-Colon said.
Australia Pacific LNG Cuts Price in Massive Sinopec Supply Deal
Australia Pacific LNG agreed to cut the price of liquefied natural gas sold under a major contract with China's Sinopec.
Poland Says Key Infrastructure at Risk After Baltic Sea Incident
Polish Prime Minister Donald Tusk warned on Thursday that the Baltic Sea is becoming 'a new area of confrontation' with Russia.
WTI Settles at $61.53 in Light Trade
Oil prices rose slightly as nuclear deal hopes faded and U.S. data boosted demand outlook.
Japanese Gas Tanker Giant Sees Difficulty Buying Chinese Vessels
Mitsui O.S.K. Lines, owner of the world's largest fleet of liquefied natural gas carriers, said it is hard to buy Chinese vessels for the time being.
Texas RRC Announces Milestone in Boots on the Ground Initiative
'This program brings clarity and understanding to the rules which helps inspectors do their job well', Dana McClendon, the division trainer with the RRC's Oil and Gas Division, said.
QatarEnergy, ExxonMobil LNG Project to Start Production This Year
Together with QatarEnergy's North gas field expansion projects at home, Golden Pass LNG will more than double QatarEnergy's LNG production to 160 MMtpa.
Industry Groups React to House Passage of One Big Beautiful Bill
The One Big Beautiful Bill Act passed the House with 215 Yeas to 214 Nays, the Congress website showed.
Greater Tokyo CCS Partners, JOGMEC Agree to Continue Study Works
'The project will involve studying the feasibility of capturing CO2 emitted from Nippon Steel's East Nippon Works Kimitsu Area and multiple industries in the Keiyo Industrial Zone'.
DOI Says New USGS Study Finds 'Significant' Undiscovered Oil, Gas Resources
'This new USGS assessment underscores the role of American energy resources in strengthening our energy independence and driving economic development across the West', Secretary of the Interior Doug Burgum said.
Norway Gas Production Falls Further: Preliminary April Data
Norway sold 10.2 Bscm of gas in April, down by 700 MMscm from March.
Pemex Eyes Job Cuts to Save $540 Million via Restructuring
Pemex aims to cut as many as 3,114 tenured employees.
Inpex Secures More Exploration Acreage offshore Indonesia
Following the award, Inpex signed a PSC with the Indonesian upstream regulator SKK Migas, Petronas Energy Serpang and EO Serpang.
Aker BP Makes Oil Discovery Near Skarv Field
One of the targets yielded preliminary estimated recoverable volumes of 3-7 million barrels of oil equivalent.
Deutsche Bank Hits Pause on New Oil Curbs, Citing Legal Risk
The finance industry is navigating a world in which banks and asset managers suspected of boycotting fossil fuels face legal retaliation in the Unites States.
Oil Slips as OPEC Eyes Boost
Oil prices fell as U.S. stockpiles rose and OPEC+ discussed another supply increase.
USA Crude Oil Inventories Rise Week on Week
Crude oil stocks, not including the SPR, stood at 443.2 million barrels on May 16, the EIA's latest weekly petroleum status report showed.
Two Elliott Nominees Set to Join Phillips 66 Board
'We welcome our new directors and look forward to working constructively as a Board', Phillips 66 CEO Lashier said.
Galveston LNG Bunker Port Gets Remaining Construction Permits
An FID is expected to be reached mid-2025, while start-up is expected in the second half of 2027.
OPEC+ Discusses Another Super-Sized Output Hike for July
A final decision is due to be taken at a gathering on June 1.
