The latest oil and gas news from around the world.
Updated: 26 min 8 sec ago
Oil Drops as Iran Seeks Deescalation with Israel
Despite targeted attacks, key oil infrastructure remains untouched, calming markets.
Israel Strikes Continue amid Reports Iran Keen to De-Escalate
Tehran is signaling it wants to deescalate hostilities with Israel and is willing to resume nuclear talks with the US as long as Washington doesn't join the Israeli attacks, the Wall Street Journal reported.
OPEC Says Output Hike Tempered by Compensation from Quota Cheats
With Iran's crude exports so far unaffected, the OPEC secretary-general said OPEC doesn't need to take any immediate action.
TotalEnergies Farms Into 40 Chevron Exploration Leases offshore US
TotalEnergies acquired a 25 percent stake in a Gulf of America exploration portfolio operated by Chevron.
Baker Hughes Scores Plug and Abandonment Job from Equinor
Equinor selected Baker Hughes to provide plug and abandonment services in the Oseberg East field offshore Norway.
Borouge, ADNOC L&S Enter into 15-Year Partnership for UAE Petrochemicals
The service agreement will deliver a minimum guaranteed value of $531 million (AED 1.95 billion).
Chevron, Halliburton Develop Intelligent Feedback for Automated Fracking
'This intelligent fracturing process combines automated stage execution with subsurface feedback to optimize delivery of energy into the wellbore without relying on human intervention'.
Israel-Iran Attacks Escalate on Fourth Day with No End in Sight
US President Donald Trump has sent contradicting signals, first urging Iran to reach a nuclear deal and later adding it and Israel 'should make a deal, and will make a deal'.
DNO Closes Acquisition of Sval Energi for $450MM
The acquired portfolio consists of 16 producing fields in Norway.
ABB Wins Electrical, Automation Contract for Two Petrobras FPSOs
Seatrium selected ABB for the supply of electrical equipment and automation solutions for the two FPSOs that Petrobras commissioned for two new developments in the Atapu and Sepia fields offshore Brazil.
ADNOC, ADQ, Carlyle Make Joint Offer to Buy Santos
Santos said it intends to endorse to shareholders its potential acquisition by the ADNOC-led consortium, a year after ending merger talks with Australian compatriot Woodside.
Russia Says It Struck Kremenchuk Oil Refinery in Ukraine
Russia said its overnight missile and drone barrage struck the large Kremenchuk oil refinery in central Ukraine.
Israel-Iran Attacks Extend to Fourth Day with No Deal in Sight
US President Donald Trump said Iran and Israel 'should make a deal, and will make a deal'.
TotalEnergies' Saft Scores BESS Job for Gurin Energy in Japan
'Asia is a critical region for the sustained, long-term growth of Saft's ESS business'.
Pertamina Expands Pertamax Green 95 Network in Central Java
The Pertamax Green product line is now available at 119 gas stations across Jakarta, West Java, Banten, Central, and East Java.
NRG Expects to Line Up New US Data Center Deals This Quarter
NRG is working on deals to power US data centers 'all over the country' and will reveal details with second-quarter results.
Oil Spikes as Israel's Attacks on Iran Stoke Fears of Wider War
Oil surged the most in more than three years after Israel carried out airstrikes against Iran.
Qualitas Leads Bidding for $8 Billion Clean Energy Firm Cubico
Qualitas emerged as the leading bidder for the business after interest from KKR & Co.'s ContourGlobal, the other remaining suitor, cooled, according to people with knowledge of the matter.
Trump Urges Iran to Agree Nuclear Deal to Avoid More Attacks
'There is still time to make this slaughter, with the next already planned attacks being even more brutal, come to an end'.
Trump Overturns California Phaseout of Fossil Fuel Cars
The president signed into law congressional resolutions that overturn three California regulations for cleaner transport, including one that would phase out the sale of new fossil fuel vehicles by 2035.
