The latest oil and gas news from around the world.
Updated: 42 min 49 sec ago
Ithaca Boosts Stake in 'Largest UK Continental Shelf Gas Field'
'This transaction is in line with the group's strategy to pursue value-accretive M&A, adding high-quality assets in our core UK Continental Shelf market', Ithaca said.
Petrofac Gets Court Approval for Restructuring but Faces Appeal
Petrofac received approval from the High Court of England and Wales to enforce its financial restructuring plan that would unlock $355 million in new funding.
European Commission Awards $1B in Green Hydrogen Subsidies
Fifteen renewable hydrogen production projects across five countries have secured a total of EUR 992 million in grants after the second round of the European Hydrogen Bank.
Thousands of Business Figures Call for Immediate End to UK EPL
More than 2,500 business figures have called for an 'immediate end' to the UK government's Energy Profits Levy in an open letter.
UK Urges G7 to Lower Russian Oil Price Cap to Pressure Putin
'Pressure on Russia's war machine is needed now more than ever'.
KNOT Offshore Partners' Profit Down Sequentially
KNOT Offshore reported a net income of $7.6 million for Q1, down from the prior quarter despite fleet utilization exceeding 99 percent.
OMV CEO Stern Withdraws from Potential Reappointment
Stern has decided to see his current term until August 31, 2026, out and not make himself available for reappointment.
Oil Falls as Inventories Climb
Reports of Israel preparing a strike on Iran stirred oil markets but failed to halt a price drop.
Trump Sets Stage to Sell Ocean Mining Rights Off American Samoa
The Interior Department said Tuesday it planned to seek information from the public and gauge commercial interest from companies in potentially exploring the area.
TotalEnergies to Invest in BC LNG Project
TotalEnergies also committed to buying two MMtpa for 20 years from the pending Ksi Lisims LNG project in British Columbia.
Oversold NatGas Trampolines Higher, EBW Analyst Says
'Fundamentals do not explain Monday's dramatic sell-off or Tuesday's rip higher', said Eli Rubin, an analyst at EBW Analytics Group.
Trump Administration Allows NY Offshore Wind Project to Resume
The Interior Department retracted a stop order against Empire Wind, allowing Equinor to resume construction of the project's first phase, which is expected to power 500,000 homes in New York.
KNOC to Join JV for Otway Exploration Project Offshore Victoria
The joint venture is undertaking exploration activities for natural gas in the Otway Basin offshore Victoria near existing natural gas wells.
Goldman Warns Europe's Gas Refill at Risk if Prices Drop Further
European gas storage ended winter below normal levels, but easing prices have provided some relief in recent months.
Woodside Offers $3.5B Bonds
The underwriters are Barclays Capital, JP Morgan Securities, BofA Securities, Goldman Sachs & Co. and UBS Securities.
NFE Completes Divestment of Jamaican Assets to Excelerate
'These assets align seamlessly with our operational expertise and long-term LNG supply agreements, while also presenting promising opportunities for future growth'.
Texas Industry Groups Look at April Upstream Employment
'TIPRO's new workforce data still indicated strong job postings for the Texas oil and natural gas industry', the Texas Independent Producers and Royalty Owners Association said.
Macquarie Strategists Forecast Week on Week USA Crude Inventory Drop
Macquarie strategists are forecasting that U.S. crude inventories will be down by 3.4 million barrels for the week ending May 16.
Equinor Finds Potential CO2 Injection Site in North Sea
Two appraisal wells drilled by Equinor in the North Sea about 12 miles east of the Troll A platform have shown a suitable reservoir for carbon CO2 storage.
EU Adopts Sanctions on Russian Shadow Fleet, Hybrid Threats
'The longer Russia wages war, the tougher our response'.
