The latest oil and gas news from around the world.
Updated: 9 sec ago
Adnoc Inks 3rd Ruwais LNG Supply Agreement with Germany's EnBW
'The Ruwais LNG project continues to gain momentum'.
Standard Chartered Analysts Flag Oil Trader Pessimism
'We think there is only one explanation that might hold enough water to fit the combination of OPEC+ signaling for higher prices but traders pushing prices lower,' Standard Chartered analysts said.
Var Energi to Sell Stakes in Five Fields Offshore Norway to DNO
DNO signed an agreement with Var Energi to acquire the Norwegian compatriot's minority interests in five fields in the Norwegian Sea for $51 million.
Seatrium Scores Topsides Integration Job for FPSO Errea Wittu
The contract covers the installation and integration of topside modules on the FPSO Errea Wittu.
Shell Says Committed to Malaysian Retail amid Purported Aramco Bid
'We remain committed to the mobility business in the country'.
Japan's Itochu Eyes Long-Term Contract to Buy LNG from Canada Project
Itochu is in talks for a long-term contract to buy LNG from the proposed Ksi Lisims project.
TotalEnergies Has Plenty of Reasons to Say 'Au Revoir, Paris'
TotalEnergies SE's chief executive officer has plenty of reasons to antagonize the French government with the possibility of moving its stock listing to Wall Street.
Oil Rises as US Inventories Fall
Oil climbed after government data showed a decline in US stockpiles, signaling a tighter physical market.
Civitas Sales Surge on Permian, DJ Basin Performance
The company's crude oil, natural gas, and natural gas liquids (NGL) sales for the first quarter were up 18 percent from the previous quarter.
Coterra Ups Production Guidance despite Q1 Income Slump
The company now expects to average 102,000 to 107,000 bpd for 2024 oil production.
Crescent Point to Sell Non-Core Saskatchewan Assets to Saturn
'This transaction allows us to realize value for these non-core assets which had limited impact in the company's future plans'.
SilverBow Urges Investors to Reject Kimmeridge Nominees
Kimmeridge assailed SilverBow's acquisition record and nominated three names for independent director roles, after SilverBow rejected a proposed merger with an oil and gas producer owned by Kimmeridge.
Malaysia Deepwater Exploration Expected to Accelerate
The country has already found success in deepwater development, analysts at BMI highlighted.
Venezuela's Oil Monopoly Eases
Venezuela is allowing a small startup to import fuels.
Vermillion Boosts Production on USA, Germany Operations
Production for the quarter was above the upper end of its first quarter guidance range.
BW Group to Spin Off BW Energy
The move will not involve 'any change to the ultimate control of the business'.
Iranian Warship Enters Southern Hemisphere, Dryad Warns
'This is the first time an Iranian warship has traveled to the southern hemisphere in this capacity,' Dryad said.
Macquarie Strategists Forecast USA Crude Inventory Build
Macquarie strategists are forecasting that U.S. crude inventories will be up 1.2 million barrels for the week ending May 3.
Lower Oil Volumes Dent Aramco Earnings
The Saudi oil giant saw net profit fall 14.4 percent year-on-year as lower oil sales volumes offset higher prices.
CNOOC Starts Production at New Gas Development in China's Bohai Sea
The project, part of the Bozhong 19-6 gas field, is planned to achieve a peak production of 5,800 boepd.
