The latest oil and gas news from around the world.
Updated: 32 min 36 sec ago
BP to Supply Woodside's Louisiana LNG
Woodside tapped BP for the supply of up to 640 Bcf of gas for the U.S. Gulf Coast project.
IPR Announces 'Significant Hydrocarbon Discovery' in Egypt's Western Desert
IPR Energy Group announced 'another significant hydrocarbon discovery' in the Yidma field.
CNOOC Ltd Quarterly Profit Down YoY on Lower Prices
CNOOC Ltd.'s production rose year-on-year to 188.8 MMboe in Q1.
USA Crude Oil Inventories Drop Week on Week
Crude oil stocks, not including the SPR, stood at 440.4 million barrels on April 25, the EIA's latest weekly petroleum status report showed.
Houston-Based HYCO1 Signs MoU with Malaysia LNG for CCU Project
The carbon capture and utilization (CCU) project will be located in Bintulu in Sarawak, Malaysia.
INEOS to Supply LNG for Covestro Operations in Europe
The British diversified conglomerate will supply the German major polymer materials producer with LNG for up to eight years from 2027.
USA, Ukraine Sign Resources Deal After Fraught Negotiations
The U.S. and Ukraine reached a deal over access to the country's natural resources.
Masdar, OMV Eye Green Hydrogen Partnership
The Emirati and Austrian companies signed a letter of intent to collaborate on producing renewable power-generated hydrogen and derivatives.
JP Morgan Analysts Say Sentiment on Oil is Neutral to Optimistic
'Many believe we are in a 'peak Trump' phase, suggesting that the worst is behind us and we are now entering a period of de-escalation', JP Morgan analysts said.
Subsea 7 Revenue Up 10 Percent YoY
Robust operational results in Subsea and Conventional, along with elevated activities in Taiwan's renewables sector, helped counterbalance seasonal slowdowns and vessel upkeep.
PetroChina Boasts Stable Growth in Q1 2025
PetroChina reported sustained growth in oil and gas output while bolstering momentum in new energies.
IMF Lowers Growth Outlook for Gulf Oil Producers after Price Slump
The IMF downgraded its growth forecasts for MENA oil exporting countries including Saudi Arabia and Iraq, citing escalating global trade tensions and lower energy prices.
Alberta Leader Smith Lashes Out at Liberals, Wants New Deal
Alberta Premier Danielle Smith challenged Mark Carney to strike a better deal for her oil-rich province.
WTI Falls Below $60 as OPEC+ Considers Production Hike
Oil prices sank as Saudi Arabia hinted at enduring low prices and boosting output.
Analysts Look at Upcoming OPEC+ Meeting
'OPEC+ has demonstrated it still has pricing power', Ole R. Hvalbye, a commodities analyst at Skandinaviska Enskilda Banken AB (SEB) said.
Solaris Energy Infrastructure Posts Higher Revenue for Q1
Solaris Energy Infrastructure reported $126 million in revenue for the first quarter of 2025.
Catalyze Acquires 48 MW of Community Solar Projects in New York
Located within National Grid's Load Zone A, the projects are expected to start commercial operation 2026.
Repsol, Bunge Partner on Renewable Fuel Feedstocks
Repsol and Bunge are working together to scale up the adoption of intermediate novel crops as feedstocks for renewable fuel production.
3 Workers Killed in Scaffold Collapse at LNG Plant in Texas
Three workers were killed and two were injured when a section of scaffolding collapsed early Tuesday at a liquefied natural gas plant that Sempra is building in Texas.
GeoPark Names Felipe Bayon as New CEO
Bayon succeeds Andres Ocampo, who is stepping down from the role due to personal reasons.
