The latest oil and gas news from around the world.
Updated: 5 min 41 sec ago
Touchstone to Acquire Trinidad-focused Trinity
The Trinity assets are a 'natural extension of Touchstone's assets in Trinidad'.
Azule to Acquire Asset Stake in Namibia's Orange Basin
The landmark agreement will grant Azule a 42.5 percent interest in Block 2914A in petroleum exploration license PEL85, located offshore Namibia.
Chevron Unit Gets OK to Use Unmanned Aircraft Surveillance
'For the first time, an unmanned aircraft weighing more than 55 pounds that flies above 400 feet and beyond visual line of sight has been approved for commercial operations in the U.S.'
ConocoPhillips Posts $2.6B Quarterly Profit
ConocoPhillips saw earnings for the first quarter fall year-on-year and quarter-on-quarter as weaker prices offset higher oil and gas production.
The Trump Effect on Oil and Gas
Is Trump likely to become president again in 2024? What would that mean for U.S., and global, oil and gas?
UK Energy Sector Launching New Offshore Nesting Bird Census
Operators are legally obliged to avoid disturbance to nesting birds.
Europa Oil Turns Down Prospective UK Lease
Europa said changes in fiscal and operating conditions surrounding the lease have rendered the area unfavorable.
Cyprus Rejects Chevron's New Aphrodite Plan
Chevron and its partners have been given six months to give unconditional consent to start the field's front-end engineering design.
EIB Backs Eavor Geothermal Project in Bavaria
The bank will provide nearly $48.5 million for an innovative closed-loop geothermal project being implemented for the first time at a commercial scale.
Petrobras Boosts Investment in Natural Hydrogen Research
The research will look into generation processes and the feasibility of extracting natural hydrogen in the country.
Cargoes of Russian Oil Product Stranded amid Crackdown in Key Buyer SKorea
Petrochemical makers in South Korea are now shunning direct imports from Russia, and any cargoes with unclear origins, for fear of government scrutiny.
Guyana Takes Exxon to Court Over Misstated Value of Equipment
Guyana's tax agency is taking Exxon Mobil Corp. to court.
Oil Edges Up Amid Cease Fire Progress
Oil edged higher as technical levels supported prices, even after Hamas said it agreed to a cease-fire proposal by Qatar and Egypt.
North America Deepens Rig Losses
North America dropped six rigs week on week, according to Baker Hughes.
New Czechia Nuclear Plant to Receive State Aid
The European Commission cleared under state aid rules the Czech Republic's financial backing for a 1,200 MW nuclear power plant.
TC Energy Beats Estimates on Higher Deliveries
The company posted 11 percent growth in comparable EBITDA compared to first quarter 2023 and approximately four percent growth in segmented earnings year-over-year.
Gunvor Inks HoA to Buy LNG from LNEnergy
Gunvor will purchase approximately 44,000 metric tons of LNG per annum from LNEnergy at its planned small-scale LNG production facility at the Colle Santo gas field, located onshore Italy.
Dragon LNG Taps Worley to Study CO2 Liquefaction
The study is focused on exploring the potential benefits of integrating LNG regasification and CO2 liquefaction processes at Dragon LNG terminal facilities.
EOG Beats Estimates as Production Exceeds Targets
The Houston-based company posted adjusted net income of $1.63 billion, or $2.82 per share, for the quarter, compared to $1.58 billion, or $2.69 per share, in the same period in 2023.
Russia's War Economy Starves Crucial Oil Industry of Manpower
The industry is facing a shortage of manpower as the full mobilization of Russia's economy for war exacerbates a longstanding demographic crunch.
