The latest oil and gas news from around the world.
Updated: 1 hour 2 min ago
Iberdrola, Bayer to Fully Decarbonize La Felguera Plant
'This is the first major steam electrification project in Spain and one of the largest in the world'.
Iraq Inks Deals with US Companies to Expand Power Plants
Iraq signed non-binding agreements with two American companies to add 27 GW to its power production capacity in an effort to address increasing demand for electricity.
Airlines and Shippers Pounce on Oil Plunge to Lock in Prices
Consumers who count fuel as their single biggest expense are rushing to lock in supplies.
Crude Prices Surge After Market Rally
Oil prices surged as Trump's tariff pause sparked hopes of easing trade tensions.
Stocks Soar as Trump Pauses Tariffs
U.S. stocks soared after Trump paused some tariffs, sparking the biggest rally since March 2020.
Shell Starts Production at Dover in US Gulf
Dover, discovered 2018 in the deepwater Norphlet play, produces up to 20,000 boed.
EBW Analysis Indicates Gas Pricing Is Dropping Into More Sustainable Range
'Current pricing is not driven by fundamentals', Eli Rubin, an energy analyst at EBW Analytics Group, said.
Nodal Exchange Posts Record Trading Volumes in Q1 2025
Nodal said it remains the leading player in North American power futures, reaching a record open interest of 1.5 billion mWh and securing a 57 percent market share.
Occidental Receives EPA Class VI Permits for STRATOS DAC Facility
The permits are the first for CO2 capture from a DAC project, Occidental said.
Iran Says It Will Start Nuclear Talks With USA This Weekend
It will be the first time since September 2022 that the U.S. and Iran are taking part in formal nuclear talks.
CF Industries, JERA, Mitsui Approve Major Ammonia Project in Louisiana
U.S. fertilizer maker CF Industries and its Japanese partners reached an FID to proceed with a blue ammonia production project with a nameplate capacity of 1.4 MMtpa in Louisiana.
Iron Oak Acquires High Roller Sand, Expands Permian Footprint
The facility annually produces up to four million tons of proppant for oil and gas operators throughout the region.
NeuVentus Secures Liquids, Gas Storage Permits for Texas Caverns
The TRU Hub facilities under development are composed of 12 permitted salt cavern wellbore locations, solution-mining equipment and interconnecting pipelines.
Rystad Predicts 'Significant Risks' to USA Operators
'Rystad estimates that the new 'all-in' breakeven cost for many U.S. oil players is now above $62', Matthew Bernstein, Rystad Energy Vice President, North American Oil and Gas, said.
INPEX Forms JV for Greater Tokyo CCS Project
INPEX and Kanto Natural Gas Development established a JV to accelerate research and planning for a CCS project planned to serve industrial emitters in the Greater Tokyo Area.
Brent Crashes to 4 Year Low
'Fears of weaker global oil demand, combined with the OPEC+ decision to loosen output more quickly than expected, have created a toxic cocktail', SEB Commodities Analyst Ole R. Hvalbye said.
Aramco Places 20-Year Order from Rio Grande LNG Expansion Project
NextDecade secured a 20-year, 1.2-MMtpa offtake from Aramco for the planned fourth liquefaction train of the under-construction Rio Grande LNG project in Brownsville, Texas.
BP Pauses Plan to Make Clean Jet Fuel at Spanish Plant
The decision to pause the biofuels investment was reportedly taken due to weaker-than-expected growth in that market.
Gunvor Snapped Up North Sea Oil During Futures-Market Tumble
The North Sea crude market, home to the world's most important physical oil-price benchmark Dated Brent, often sees individual traders taking relatively large positions.
WTI Falls Below $60 Amid Trade War Escalation
Crude hit a 4-year low after Trump's new tariffs stoked recession fears.
