The latest oil and gas news from around the world.
Updated: 24 min 17 sec ago
Macquarie Strategists Forecast 7.6MM Barrel USA Crude Inventory Build
Macquarie strategists are forecasting that U.S. crude inventories will be up by 7.6 million barrels for the week ending May 9.
Intel Certifies Shell Lubricant for Cooling AI Data Centers
So far, companies have largely used giant fans to reduce temperatures inside AI data centers, which generate more heat in order to run at a higher power.
NRG to Acquire Gas Generation Plants, VPP from LS Power for $12B
'The acquisition will double NRG's generation capacity to 25 GW, adding modern, flexible natural gas assets that cannot be replicated'.
Aspen Wind Project in UK North Sea Pledges over 1,000 Jobs
Cerulean Winds signed a charter on Monday confirming more than 1,000 jobs including 100 apprenticeships in the Aspen wind project on the UK side of the North Sea.
Canadian Natural Q1 Earnings Beats Estimates on Record Production
The company said it posted a record quarterly average production in the first quarter of around 1.6 million barrels of oil equivalent per day (boepd).
Tourmaline Signs Two Acquisition Deals for NEBC Montney Assets
The two transactions will add approximately 20,000 barrels of oil equivalent (boepd) of current production.
President Trump Visits Saudi Arabia
'With Brent hovering around $65, it's unlikely that oil prices will dominate the agenda during the Saudi visit', SEB Commodities Analyst Ole R. Hvalbye said.
North America Loses Rigs for 10 Straight Weeks
North America cut 12 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Eni Offers $1B Bond
Eni returned to the U.S. bond market with the 10-year offering.
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The study blamed the slow integration on outdated planning and policies that are slowing the upgrade and build-out of electricity highways.
Petrobras to Pay $2.1 Billion in Dividends
The Brazilian state-controlled oil producer approved dividends slightly below expectations amid a trade war that has created economic uncertainty and undermined oil prices.
Oil Prices Rise on Eased Trade Tensions
Analysts indicate the truce removed $3–$5 of downside from oil prices.
Equinor Weighs Killing NY Wind Farm After White House Visit
A termination would cause the company to lose much of its $2.7 billion investment on the project.
USA EIA Cuts Henry Hub Natural Gas Price Forecast for 2025
The U.S. Energy Information Administration has reduced its Henry Hub natural gas spot price forecast for 2025 in its latest short term energy outlook.
APA to Slow Down Activity amid Price Volatility
APA said it is lowering its 2025 spending plan by $175 million to protect cash flow amid uncertainty in commodity prices.
Shell's LNG Canada Plans First Exports as Soon as Late June
Shell Plc's liquefied natural gas project in Canada, the country's first large-scale export terminal for the fuel, is preparing to begin overseas sales as soon as late June.
Murphy Discovers More Oil in Cuu Long Basin offshore Vietnam
'The Lac Da Hong (Pink Camel) discovery, combined with the recently announced Hai Su Vang (Golden Sea Lion) discovery, deepens our understanding of the resource potential in our Cuu Long Basin blocks'.
Alliance Energy Acquires 18 Propane Terminals from NGL Energy
The propane terminals are strategically located across multiple regions.
Constructive USA-China Tone Lifts Market Sentiment
Crude oil prices rose on Monday, extending their rebound, Inki Cho, Financial Markets Strategist Consultant to Exness, stated in a market analysis sent to Rigzone today.
WhiteHawk Energy to Acquire PHX Minerals for $187MM
WhiteHawk will add approximately 1.8 million gross unit acres of premier natural gas mineral and royalty assets, significantly expanding its footprint in the core of the Haynesville Shale.
