The latest oil and gas news from around the world.
Updated: 47 min 12 sec ago
ExxonMobil Announces New Upstream Leader
Liam M. Mallon will retire early next year.
Energean Boosts Production, Advances Israel Development
'Our production in Israel remains unaffected by geopolitical events, recording a 39 percent year-on-year increase, and we welcome the announcement of the ceasefire in Lebanon'.
Uniper to Supply 6 TWh of Power for Swedish Green Hydrogen Plant
Uniper signed an agreement to deliver six TWh of electricity over six years for the electrolyzer unit of a steel production project by Stegra in northern Sweden.
Shell-Backed Battery Project in Melbourne Unlocks 200 MW of Storage
A consortium led by Eku Energy and Shell Energy completed the second-biggest battery storage project in the Australian state of Victoria with a capacity of 200 MW.
Analysts Look at Upcoming OPEC+ Meeting
SEB, Macquarie, and Sparta analysts offer their views.
Aramco Completes Horse Powertrain Stake Acquisition
As part of the agreement, Aramco and affiliate Valvoline Global Operations will collaborate with Horse Powertrain on innovations in ICE technology, fuels, and lubricants.
Former Trafigura Executive Turns Star Witness in Swiss Corruption Trial
A Swiss court rejected a request by Trafigura to have the testimony from convicted ex-executive Mariano Marcondes Ferraz thrown out.
Oil Surges on US Sanctions and OPEC+ Delays
Oil prices saw their largest jump in over two weeks as US sanctions on Iranian crude and OPEC+ discussions to extend production cuts spurred market gains.
OPEC+ Is Firming Up Deal for 3-Month Delay to Output Hike
Even if OPEC+ delays the hikes penciled in for the first quarter, its oil production is still set to increase.
Macquarie Strategists Forecast USA Crude Inventory Drop
Macquarie strategists are forecasting that U.S. crude inventories will be down for the week ending November 29.
North Sea Oil Market Sees Biggest Trading Frenzy in 16 Years
Eight cargoes, or about 5.6 million barrels of crude, changed hands Monday in a pricing window run by Platts.
NOG Increases Cash Dividend by Five Percent
NOG expects increasing the next quarterly dividend to $0.45 per share and maintaining that level throughout 2025.
ReconAfrica Completes Drilling of First Well in Namibia
The company has drilled the Naingopo exploration well to a total depth of 13,727 feet (4,184 meters).
Lime Completes Stake Acquisition in Yme Field from OKEA
With the acquisition, Lime increases its share in the Yme Field to 25 percent.
EIB Provides $83.9 Million Financing for Spanish Biomethane Plants
The financing will support the first phase of Nortegas' 3.5 TWh strategic plan.
QatarEnergy Inks Deal to Supply LNG for Shell Operations in China
Shell committed to buy three MMtpa of LNG from QatarEnergy for the British energy giant's activities in China.
Vaca Muerta Shale Play in Argentina Hits New Oil Production Record
YPF accounted for nearly 55 percent of Vaca Muerta's oil production last quarter, Rystad Energy highlighted.
BW LPG Receives Fifth VLGC under $1 Billion Deal with Avance Gas
BW LPG took delivery of the fifth of 12 VLGCs sold to the shipper under a $1 billion stock-and-cash transaction with Avance Gas.
Analysts Examine 2025 Oil, Gas Markets
Macroeconomic factors, strong supply, and weather disruptions are expected to weigh on energy prices in 2025, analysts at BMI said.
DNO Declares Discovery in 'Dry Belt' of Norwegian North Sea
DNO put the size of the PL 1086 discovery between 27 MMboe and 57 MMboe.
