The latest oil and gas news from around the world.
Updated: 47 min 5 sec ago
Why Is the Oil Price Dropping Today?
Rigzone talks to Bill Farren-Price, Senior Research Fellow and Head of Gas Research at the Oxford Institute for Energy Studies, and Lucas Herrmann, the Head of Oil & Gas Equity Research at BNP Paribas Exane.
Aramco Pens $90B Deals with US Companies
Aramco signed agreements with U.S. companies spanning its operations from refining and LNG to AI.
OPEC+ Makes Careful Start to Supply Revival
OPEC+ nations made a careful start to their long-awaited oil production revival in April, ahead of the group's plans for a much quicker surge in output in the coming months.
Nigeria Says Exxon Commits $1.5B to Deepwater Development
Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in Nigeria as Africa's top producer looks to boost output, according to the nation's regulator.
Carney Says He's Open to Changing Green Laws to Boost Energy Projects
His Liberal government faces a tense relationship with the premier of the oil-rich province of Alberta, where some are even agitating to secede from Canada.
Crude Slips After Inventory Surge
Optimism from the US-China trade truce was overshadowed by bearish government data.
USA DOE Announces 1st Step in its 'Largest Deregulatory Effort in History'
In a statement posted on its website this week, the U.S. Department of Energy announced 'the first step in the Energy Department's largest deregulatory effort in history'.
US, Saudi Arabia Ink Energy, Critical Mineral Deals
The agreements were signed during Trump's visit to the kingdom, in which the U.S. president secured $600 billion in investment commitments from Saudi partners.
Tallgrass Secures Shipping Deals for Planned Permian Gas Pipeline
The firm transport commitments 'financially justify construction of the pipeline project', planned to carry up to 2.4 Bcf from the Permian.
Trump Favors $40-$50 Oil, Goldman Says After Sifting Posts
President Donald Trump appears to prefer U.S. oil prices between $40 and $50 a barrel, according to Goldman Sachs Group Inc.
EIA Expects USA Gasoline Price to Drop in 2025 and 2026
The U.S. Energy Information Administration expects the U.S. regular gasoline retail price to drop this year and next year, according to its latest short term energy outlook.
Tenaz Closes Acquisition of NOBV, Widens Q1 Net Loss
The acquired assets produced approximately 11,000 barrels of oil equivalent per day (boepd), consisting of 99 percent natural gas, for the first four months of 2025.
Kimmeridge Finalizes Glencore Gas Deals
Kimmeridge sealed agreements announced last year to supply Glencore with 2 MMtpa of LNG from Commonwealth LNG and equivalent natural gas from Kimmeridge Texas Gas.
S&P Global Says USA Crude Oil Production Now Expected to Decline in 2026
'U.S. crude oil production is now expected to decline in 2026 - the first year on year decline in U.S. production in roughly a decade, excluding the 2020 Covid-19 pandemic', an S&P Global analysis piece stated.
Ghana's Mahama Fine Tuning Regime to Accelerate Crude Extraction
Ghana is encouraging investors to get the country's crude out of the ground.
Aramco in Talks with Woodside for Louisiana LNG Stake
Woodside inked a non-binding collaboration deal with Aramco including for the Saudi oil giant's potential offtake from and ownership in Louisiana LNG.
Europe Has 1,700 GW of Unlinked RE, Hybrid Projects: Study
The study blamed the slow integration on outdated planning and policies that are slowing the upgrade and build-out of electricity highways.
Gunvor Financed Gabon Deal for Tullow Oil Assets
The commodity trader made another significant oil deal in Gabon, its second since the country sought more control of national assets following a coup d'etat in 2023.
Crude Rebounds Over 11% from Lows
Oil jumped nearly 3% as Trump threatened new sanctions on Iranian crude exports.
GOP to Phase Out Biden Energy Credits to Pay for Tax Cuts
The incentives put in place by former President Joe Biden's signature climate law have been ripe targets for lawmakers looking for trillions of dollars to help pay for extending Trump's tax cuts.
