The latest oil and gas news from around the world.
Updated: 51 min 13 sec ago
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.
CNOOC Starts Production at Jinzhou 23-2 Oilfield in Bohai Sea
The Jinzhou 23-2 Oilfield Development Project in the Bohai Sea is now onstream as 'the first multi-layer heavy oil thermal recovery project offshore China'.
OPEC Output Rises as Libya Recovery Offsets Iraqi Curbs
OPEC pumped an average of 27.02 MMbd in November, up by 120,000 from the previous month.
Oil Prices Steady Amid Dollar Strength and OPEC+ Concerns
Oil prices remained steady as the strengthening US dollar and OPEC+ production uncertainties balanced tentative signs of economic recovery in China and ongoing geopolitical tensions.
Panama Bars 6 Ships From Flying Its Flag After UK Sanctions
Panama is canceling the registration of six ships sailing under its flag that were sanctioned by the UK last week.
North America Adds Rigs
The total North America rig count now stands at 787, according to Baker Hughes.
BOEM Alaska OCS Region Gets New Environmental Studies Chief
Heather Parker, who had experience with NOAA, has been appointed chief of the Alaska OCS Environmental Studies Program.
Norway Carbon Capture Plant Marks Milestone in Longship Project
The European Union has said hundreds of millions of tons of CO2 will need to be captured annually by 2050 to reach net zero goals.
Gran Tierra Makes Oil Discovery in Ecuador
'The success of this well solidifies Gran Tierra's understanding of the field area and will be a key pillar of development growth plans in South America for years to come'.
AEA President Hails Trump's 'Strong' Energy Picks
'He has chosen strong candidates to comprise his energy team, all of which should instill confidence in the American people', AEA President Thomas Pyle said.
GeoPark to Acquire Colombia Assets from Repsol for $530MM
The acquisition would incorporate high-quality assets located in the prolific Llanos Basin, one of Colombia's most productive oil regions.
EU Sets Intermediate Targets for 2025 Gas Stockpiling Campaign
The European Commission set intermediate minimum filling levels for member states' UGS facilities next year toward the annual bloc target of at least 90 percent by November.
OEUK Chief Hails Awards Event
OEUK Chief Executive David Whitehouse hailed this year's OEUK awards ceremony, calling it 'the largest awards event we've had for a decade'.
UAE Agrees to Invest in Philippine Energy Sector
The Philippines and the UAE signed a Memorandum of Understanding on Energy Transition Cooperation.
Israel's NewMed Energy to Farm into Exploration Block Offshore Bulgaria
NewMed Energy signed an agreement to buy a 50 percent stake in the Han Asparuh block, located on Bulgaria's side of the Black Sea, from OMV Petrom.
German Refinery Supplies via Poland Unaffected by Leak
Oil supplies to German refineries via Poland were unaffected by a leak reported in one of the two Druzhba pipeline links, Polish state pipeline operator PERN said.
Petrus Posts Higher Production in Oct, Launches Reinvestment Offer
The dividend reinvestment plan allows eligible shareholders to reinvest all or part of their cash dividends into additional common shares.
CNOOC Has Put Onstream Six Projects in South China Sea This Year
CNOOC started production at Huizhou 26-6, the state-backed company's sixth startup in the South China Sea in 2024 and its 'first deep buried hill reservoir development' in the sea.
