The latest oil and gas news from around the world.
Updated: 4 min 9 sec ago
Equinor Consolidates Power Assets into New Segment
The Norwegian integrated energy company said the change will better position it to capitalize on growing electricity demand.
TGS Releases Gulf Coast Carbon Storage Dataset
The latest assessments integrate petrophysical and stratigraphic analysis from 2,326 wells and utilizes over 150 core analysis reports.
USA Crude Oil Inventories Rise by 2.6MM Barrels WoW
'At 442.3 million barrels, U.S. crude oil inventories are about five percent below the five year average for this time of year', the U.S. Energy Information Administration said.
Malaysia, Vietnam to Extend Agreements on Border Fields
Petronas and Petrovietnam agreed to extend their production sharing contract and gas sales agreement for the PM3 Commercial Arrangement Area for another 20 years.
Masdar Completes Acquisition of Greek RE Firm Terna Energy
Terna Energy contributes an installed capacity of 1,224 MW to Masdar.
Aisha Bowe Completes Astronaut Training at Houston 3t Facility
3t's training center in Houston is a safety critical training facility for energy and high risk environments, 3t highlighted.
Ofgem Appoints British Gas to Take Over Rebel Energy's Customers
The regulator appointed British Gas to take on supplying Rebel Energy's 84,000 domestic customers and 6,000 non-domestic customers.
EU States Set to Back More Flexibility for Filling Gas Storage
EU member states are set to back more flexible rules for filling gas storage before winter, amid criticism that current targets artificially raise prices.
Trump Signs Order to Protect Big Oil From State Emissions Fines
Trump signed an executive order Tuesday directing U.S. Attorney Pam Bondi to identify state laws or regulations that could impede the use of domestic oil and gas.
Oil Tumbles as Tariff Jitters Return
Oil prices dropped sharply as US tariff hikes and OPEC+ output shifts raised fears of a global glut.
Analysts Flag Key Price Determinant for Crude Oil
'The U.S. tariff announcement was a severe shock', analysts at Standard Chartered Bank said.
MidOcean to Invest in Lake Charles LNG
MidOcean is expected to fund 30 percent of the construction cost and would be entitled to receive 30 percent of the Louisiana facility's LNG production.
Malaysian Firm to Deliver Diesel, Jet Fuel to Swiss One
ATPC Green Energy will supply EN590 10PPM diesel and Jet Fuel A1 to Swiss One over a 12-month period.
RE, Nuclear Generation Breached 40 Percent Last Year: Think Tank
'The global energy transition is no longer a question of if, but how fast'.
Japan's Terra Drone Partners with Aramco Eyeing Tech for Energy
The partnership explores innovation in drones, robotics, and AI-driven solutions tailored to the oil and gas sector.
Uncertainty is the Only Certainty, Commodities Analyst Warns
Uncertainty is the only certainty, Ole R. Hvalbye, Commodities Analyst at Skandinaviska Enskilda Banken AB, said in an oil report sent to Rigzone on Thursday.
Britain Utility Regulator Opens Applications for New LDES Investment Scheme
The scheme seeks to produce the first so-called long-duration electricity storage facilities in Britain in 40 years by easing hurdles such as high costs.
USA Crude Flows to China Trickle to Near Zero After Tariff Blitz
The flow of oil from the world's biggest producer to its largest importer is set to thin to virtually zero.
Aramco, Sinopec Plan Petrochemical Complex at Saudi Refinery Site
The state-owned energy giants signed a deal for the potential expansion of their Yanbu refinery to include petrochemical facilities.
WoodMac LNG Team Looks at 3 Russia-Ukraine Peace Deal Scenarios
Massimo Di-Odoardo, Vice President of Gas and LNG Research at Wood Mackenzie, said energy will be a key part of the negotiation agenda of any peace deal.
