The latest oil and gas news from around the world.
Updated: 56 min 7 sec ago
Mitsui OSK to Sell Older Oil Tankers as Prices Surge
Japan's Mitsui OSK Lines Ltd. is planning to sell a few of its older oil tankers to take advantage of a surge in vessel prices.
Oil Falls as Supply Fears Ease
Oil fell for a third session as easing Saudi supply concerns outweighed lingering risks around the Strait of Hormuz.
Port Arthur LNG to Supply Petrobras for 20 Years
Sempra Infrastructure signed a 20-year agreement to supply about 0.8 million metric tons per annum of liquefied natural gas to Petrobras from the under-construction Port Arthur LNG phase 2 project in Texas.
House Passes Bill Allowing New Tariffs on Russia Oil Buyers
Congress gave final approval to a bill to give President Donald Trump new powers to impose tariffs on countries that purchase Russian petroleum products.
Indian Refinery Builder Sees Mideast Orders Slow
Engineers India Ltd. is seeing a slowdown in new orders for Middle East energy projects as continued U.S.-Iran hostilities heighten security risks.
South Africa Seeks Operator to Build LNG Terminal at Port of East London
Transnet National Ports Authority has opened applications to pursue a small to medium liquefied natural gas receiving terminal project at the Port of East London in Eastern Cape province.
TotalEnergies Secures $1.8B in Capital from GIP for African Assets
In exchange TotalEnergies will pay BlackRock's GIP a throughput-based tariff for up to 15 years.
Hormuz Sees More LNG Traffic
At least two liquefied natural gas shipments transited the Strait of Hormuz this week as producers look for ways to increase flows to a market struggling with a lack of supply and surging prices.
ExxonMobil Warns Coal Accelerating Global Warming
The oil explorer maintains its forecasts are grounded in scientific and economic data that take into account realistic changes in government policies and consumer behavior.
Oil Falls as Mideast Flows Improve
Crude fell as Saudi pipeline flows improved while uncertainty over Iran and Hormuz persisted.
Schlumberger Heirs to Auction Never-Exhibited Monet
Schlumberger heirs are set to auction a rare Claude Monet masterpiece at Sotheby's in Paris next month.
Vitesse Completes Acquisition in Denver-Julesburg Basin
Vitesse consummated the purchase of a stake in Chevron-operated oil and gas assets in the Denver-Julesburg Basin for $26 million.
MOL, Japanese Partners Obtain AiP for Liquid CO2 Carrier
A Tokyo-based classification society granted Mitsui OSK Lines and several other Japanese companies approval-in-principle for a low-pressure vessel for transporting liquefied carbon dioxide emissions.
USA Crude Oil Stocks Drop Week on Week
Crude oil stocks, not including the SPR, stood at 423.4 million barrels on September 11, the EIA's latest weekly petroleum status report showed.
Aramco Hunts for Fuel Supply in the Med
Oil giant Saudi Aramco has been looking to secure thousands of tons of diesel in the Mediterranean.
Saudi Pipeline Outage Exposes Limits of Supply Optionality
The damage to Saudi Arabia's East-West pipeline 'exposes [the] limits of supply optionality', Emily Ashford, Standard Chartered Bank Energy Research Head, outlined.
SOCAR Enters Africa
'The acquisition marks SOCAR's entry into Africa's upstream sector and underscores the company's long-term strategy to expand its global upstream footprint', the State Oil Company of the Azerbaijani Republic said.
Winter is Coming for Diesel
A new analysis by the S&P Global Energy Fuels and Refining team warned that 'winter is coming for diesel'.
OMV Confirms Viability of Libyan Oil Discovery
OMV declared the 'Essar' discovery in Libya's Sirte Basin commercially viable, with total recoverable oil of up to 45 million barrels.
India Pushes Back as US Readies New Russian Oil Sanctions
India warned a U.S. bill allowing President Donald Trump to impose tariffs of as much as 100 percent on top buyers of Russian oil could hurt ties between New Delhi and Washington and disrupt global energy markets.
