The latest oil and gas news from around the world.
Updated: 16 min 11 sec ago
USA Crude Oil Stocks Drop 3MM Barrels WoW
Commercial crude oil stocks, not including the SPR, came in at 412.517 million barrels on October 16, the EIA's latest weekly petroleum status report showed.
Saudi Aramco Evacuates HQ
The kingdom is on alert after a flurry of attacks from Yemen's Houthis in recent weeks.
Tamboran CEO Abbott Takes on Dual Role as Managing Director
The new appointment 'formalizes his executive leadership at the board level as the company moves from the appraisal phase into development', the early-stage natural gas exploration and production company said.
Eni CCS Project in Italy Wins EU Funding
The Ravenna carbon capture and storage project on Italy's side of the Adriatic Sea is among 12 'large-scale' projects the European Commission selected for the Innovation Fund call issued last December.
Santos Logs 49 Percent Quarter on Quarter Increase in Revenue
Santos reported around $2 billion in third-quarter sales revenue, up 49 percent from the prior three-month period as sales volumes increased 11 percent to 26.4 million barrels of oil equivalent.
Oil Rises Intraday Amid Escalating Tensions
Mahmoud Mashal, Senior Market Analyst at VT Markets Dubai, highlighted that both WTI and Brent oil prices were rising intraday 'as escalating tensions in the Middle East revived concerns over Gulf supply'.
Iberdrola Raises Dividend by Nearly 9 Percent
Iberdrola declared a dividend of EUR 0.275 per share for 2026, up 8.7 percent from 2025 as the Spanish power utility sustains growth in networks.
Libyan Deal Paves Way for Broader Turkish Drilling in Mediterranean
Turkey moved closer to expanding energy exploration in the eastern Mediterranean after the second of Libya's two governments endorsed maritime boundaries disputed by European Union members Greece and Cyprus.
UK Union Welcomes Jackdaw Decision
UK union Unite welcomed the UK government's decision to green light the Jackdaw gas field.
Macron Says France to Get LNG Supplies from Qatar in Winter
President Emmanuel Macron said France will receive liquefied natural gas from Qatar during the winter months.
Oil Gains After Saudi Oil Field Attack
A deadly Saudi oil field attack and Gulf embassy concerns pushed crude prices higher.
What Direction Will the Henry Hub Gas Price Take in 2026, 2027?
What direction will the U.S. Henry Hub natural gas spot price take in 2026 and 2027?
Buru Files for Rafael Gas Production License
Buru Energy applied for a production license for the Rafael domestic natural gas project in Western Australia's onshore Canning Basin.
USA to Tap National Diesel Reserve
The Trump administration is tapping an emergency reserve of diesel set aside to heat homes in the Northeast.
Texas Upstream Jobs Down Month on Month
Oil and gas exploration and production employment positions in Texas fell by 500 to 196,400 jobs in September compared to August, the Texas Oil and Gas Association said.
SAFE Workers Strike at Reach Subsea
Nearly a dozen members of the Norwegian energy workers union SAFE have gone on strike at Reach Subsea after government mediation failed to result in an agreement.
Midterms Could Swing on Diesel
America runs on gasoline but the midterms could swing on diesel, Macquarie strategists warned.
Woodside Posts Higher Quarterly Revenue
'Increased quarterly operating revenue reflected increased production and strong realized prices'.
UK Greenlights $3B Jackdaw Gas Project
UK Energy Secretary Miatta Fahnbulleh has greenlit the Jackdaw gas field.
Iran Intensifies Strikes on Ships
At least 23 incidents involving ships attacked in or near Hormuz were logged in the first two weeks of October, with at least five reporting impacts to their engine rooms.
