The latest oil and gas news from around the world.
Updated: 2 min 44 sec ago
WTI Falls Below $60 Amid Trade War Escalation
Crude hit a 4-year low after Trump's new tariffs stoked recession fears.
Macquarie Strategists Forecast Over 9MM Barrel WoW USA Crude Inventory Rise
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 9.3 million barrels for the week ending April 4.
US DOE Plans to Offer Sites for Co-Located Data Centers, Energy Facilities
The DOE has identified 16 potential sites including national labs.
ENEOS Becomes New C2X Investor
ENEOS and C2X Ltd. existing shareholders AP Moller Holding and AP Moller-Marsk agreed to invest $100 million in the green methanol developer.
Canada's Poilievre Says He Would Approve Suncor Oil Project, Mines
The leader of Canada's Conservative Party said he would accelerate approval on 10 resource projects if elected.
WPC JV, Targa Make FID on Traverse Pipeline Along Gulf Coast
The Traverse Pipeline will be constructed and operated by WhiteWater and is expected to be in service in 2027.
Matador Exits Eagle Ford
Matador is focusing on the 'more prolific' Delaware Basin.
North America Keeps Rig Loss Streak Going
North America cut 12 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
BW Energy Extends License for Golfinho Offshore Brazil
The production phase under the Golfinho concession contract has been extended to 2042 from 2031.
World Bank Approves Philippine Loan for RE Scale-Up
The Philippines secured an $800-million loan from the World Bank to widen the country's adoption of renewable energy, bolster its electricity market and improve its water utility management.
Where Next for Oil Prices?
'With the new round of announced tariffs, the demand side risk has increased notably', Stratas Advisors warned.
Eni Proposes $1.64 Billion Share Buyback Package
The proposed program is increasable up to EUR 3.5 billion.
Wood Secures Three-Year Contract from PDO in Oman
Wood will deploy engineering and project management specialists for PDO's FEED office.
Russia on Alert as Its Key Oil Grade Nears $50
The Kremlin said it is doing everything possible to minimize the impact of a global oil price rout on Russia's economy.
Shell Cuts Gas Output Guidance on Unplanned Maintenance
Shell Plc sees lower natural gas production and LNG volumes in the first quarter of 2025 than previously expected.
Oil Futures Continue Slide
Crude's rapid decline has triggered bearish trading, profit warnings, and growing expectations for Federal Reserve rate cuts.
Industry Bodies Examine Texas Upstream Employment for February
'TIPRO appreciates the enormous contributions of the Texas oil and natural gas industry from an economic and energy security perspective', TIPRO President Ed Longanecker said.
US DOE Awards Operating Contract for Emergency Oil Reserve
The DOE awarded Strategic Storage Partners a $1.4-billion contract to manage and operate the U.S. Strategic Petroleum Reserve for an extendable five years.
US DOE Eases Restrictions on Requests for LNG Export Start Date Extensions
A project for which such a request is made no longer has to be under construction or has to demonstrate that circumstances outside its control prevented the start of exportation within 7 years.
Ring Energy Closes Acquisition of CBP Assets from Lime Rock
The assets cover around 17,700 net acres in the Permian Basin in Andrews County, Texas.
