The latest oil and gas news from around the world.
Updated: 59 min 8 sec ago
Japan Refiners Rush for Mideast Oil
Japanese refiners have stepped up purchases of Middle Eastern oil.
Oil Falls as Saudi Supply Outlook Improves
Crude futures fell as Saudi and Libyan supply disruptions showed signs of easing.
Kimmeridge, Mubadala to Nearly Double Commonwealth LNG Capacity
Caturus, the joint venture of Kimmeridge and Mubadala, plans to add five liquefaction trains with a combined capacity of 7.75 million metric tons per annum to the Commonwealth LNG export project in Louisiana.
EIA Now Sees Bigger Oil Crunch in 2026, Glut in 2027
The EIA predicted a bigger oil market crunch in 2026 and a bigger oil glut in 2027 in its latest STEO, compared to its previous August STEO.
USCG, FBI Conduct Cyberattack Probes on Oil Tankers
The U.S. is investigating potential cyberattacks on oil and gas tankers.
BKV Expands Barnett Shale Footprint
BKV said it had acquired upstream, midstream and carbon capture and storage assets in the Barnett Shale that grow its proven developed producing reserves by about 350 billion cubic feet equivalent.
Gas Prices Jump in Every State
Gasoline prices jumped in every U.S. state 'with no relief in sight', GasBuddy warned.
Buru Says Rafael Gas Project Holds Over 15 MMboe 2P Reserves
The initial development of the Rafael field in Western Australia's onshore Canning Basin has been assessed to contain 15.25 million barrels of oil equivalent proven and probable reserves, with potential for 65.74 billion cubic feet of sales gas.
Market Expectations Shift Towards Prolonged USA-Iran Conflict
Market expectations are shifting towards a prolonged U.S.-Iran conflict, Standard Chartered Bank Energy Research Head Emily Ashford warned.
Aker BP Makes New North Sea Gas Discovery
Aker BP discovered natural gas with preliminary estimates of about 5.3-84.8 million cubic feet on Norway's side of the North Sea, some 16 miles north of the producing Duva field.
No Trump Truce Seen as Kyiv Hits Volga Refinery
Ukraine said it hit the Syzran refinery in Russia's Volga region, underlining that the two nations have not signed up to the energy truce claimed by U.S. President Donald Trump.
OEUK Says UK to Gain From Replacing Oil Windfall Tax Early
The current windfall tax, called the Energy Profits Levy, was introduced in 2022 by the previous Conservative government after Russia's invasion of Ukraine sent energy prices soaring.
Oil Jumps on Saudi and Libya Outages
Brent neared $109 as pipeline and oil field disruptions tightened supplies.
TotalEnergies Expands AI Collaboration with Mistral into Exploration
The French companies aim to develop frontier models using 'nearly a century of knowledge, know-how and expertise accumulated by TotalEnergies in geosciences and reservoir engineering'.
Kistos Completes Acquisition of Stakes in Omani Producing Blocks
London-based Kistos consummated the purchase of Mitsui's stakes in Blocks 3 and 4 onshore Oman, marking its entry into the Middle East.
North America Breaks Rig Loss Streak
North America added six rigs week on week, according to Baker Hughes' latest North America rotary rig count.
China's Crude Oil Futures Have Never Been So Expensive
Yuan-priced crude futures in China rallied to the highest level on record.
Petronas, TotalEnergies Partner to Support Methane Monitoring in SE Asia
'As the first center of its kind in Southeast Asia, SEA METEC will support regional efforts to strengthen methane emissions measurement, monitoring, reporting and verification, technology research and development and capability building'.
How Far Are We From 'Tank Bottom'?
There is a key question about how far we are from 'tank bottom', analysts at HSBC said.
What Does the Yanbu Outage Mean?
The East-West Pipeline was subjected to multiple attacks and subsequently shut down, a statement posted on the official X page of Saudi Arabia's Ministry of Energy revealed.
