The latest oil and gas news from around the world.
Updated: 45 min 4 sec ago
ADNOC Pens Deal with Tubacex to Localize Tubular Tech in UAE
Tubacex is set to create a specialized research and development center in Abu Dhabi.
Subsea7 Secures Work Offshore Norway from ConocoPhillips
Subsea7 secured a large contract from ConocoPhillips for a FEED study for the PPF development project offshore Norway.
India Plans to Spend $10B on Homebuilt Oil Tanker Fleet
India plans to spend 850 billion rupees ($10 billion) to purchase 112 crude carriers through 2040, people familiar with the matter said.
WTI, Brent Edge Lower in Choppy Trade
Traders remain cautious amid mixed signals on sanctions and global supply.
Vistra to Acquire Lotus Gas Power Plants for $1.9B
The plants have a combined capacity of 2,557 MW.
There Were 3 Drivers to Monday's USA Natural Gas Price Pullback
There were three drivers to yesterday's U.S. natural gas price pullback, Art Hogan, Chief Market Strategist at B. Riley Wealth, told Rigzone.
DOE Backs LNG Exports in Verdict on Biden-Era Study
The DOE said it will proceed with issuing final orders on pending applications to export LNG to non-FTA countries.
Chariot Regains Interest in Moroccan Offshore Assets
Chariot said it will continue to assess the additional potential of the wider Lixus and Rissana license areas.
Texas RRC Tightens Permitting Rules for Permian Disposal Wells
The new regulations are designed to help ensure injected fluids stay contained within disposal formations, thereby protecting ground and surface freshwater.
Analyst Says Trump Essentially Walked Away from Russia-Ukraine War
'What this means for the oil price is rather foggy', said Bjarne Schieldrop, Chief Commodities Analyst at SEB.
Valeura Energy Makes FID on Wassana Field in Gulf of Thailand
The redevelopment of the Wassana field will be done through a new-build central processing platform to optimize full block potential.
USA Energy Consumption Will Grow in 2025
U.S. energy consumption will grow this year, the U.S. Energy Information Administration projected in its latest short term energy outlook.
ADNOC Gas to Join MSCI Emerging Markets Index
'The development is set to increase the Company's visibility among international institutional investors'.
UK, EU Agree to Link Carbon Markets in Post-Brexit Reset
The move comes as part of Monday's UK-EU summit.
Russia Detains Oil Tanker That Left Estonia, Report Says
The vessel is owned by Aegean Shipping of Greece and carrying shale oil on board.
Eni in Talks to Sell 20 Percent of RE Unit to Ares
The potential sale places an equity value of EUR 9.8 billion to EUR 10.2 billion on Plenitude, 'corresponding to an enterprise value of more than EUR 12 billion'.
Taiwan Seeks LNG Cargoes after Shutting Last Nuclear Reactor
Taiwan is seeking LNG shipments following the shutdown of its last nuclear reactor, a move that will increase the island's reliance on the seaborne fuel.
EOG Secures Oil Acreage in Abu Dhabi
The U.S. company has been awarded Unconventional Onshore Block 3, located in an oil-prone basin in the Al Dhafra region.
India Readies Gas Power Fleet to Prevent Summer Blackouts
Electricity demand in the country has outpaced generation growth, resulting in shortages when consumption surges.
Oil Ends Higher After Volatile Day
Uncertainty over sanctions on Iran and Russia kept markets volatile despite modest gains.
