The latest oil and gas news from around the world.
Updated: 50 min 9 sec ago
Devon Sells Stake in Permian Gas Pipeline
Devon and Ridgemont are divesting their interests in a natural gas pipeline serving the Permian Basin with a capacity of about 2.5 Bcfd.
Permian Resources to Acquire APA Delaware Basin Assets for $608MM
Midland, Texas-based oil and gas developer Permian Resources expects the acquisition to add about 12,000 boed in Q2.
EIA Cuts 2025 and 2026 Brent Oil Price Forecast
The U.S. Energy Information Administration cut its average Brent oil spot price forecast for 2025 and 2026 in its latest short term energy outlook.
BP-Shell Megadeal Would Create European Rival to Exxon Mobil
If Shell Plc were to acquire BP Plc, it would be among the largest deals in European history.
Permian Resources to Acquire APA Delaware Assets for $608MM
Midland, Texas-based oil and gas developer Permian Resources expects the acquisition to add about 12,000 boed in Q2.
Shell Dutch Wind Farm Gets New Lease on Life with Google Deal
'We purchased 100 percent of the wind farm's 108-megawatt capacity, which enabled Shell to pursue permit extensions and invest in crucial upgrades'.
Woodfibre LNG to Add 900 Staff, Applies for Second Housing Floatel
The application seeks regulatory approval to moor a second floatel adjacent to the current floatel, the MV Isabelle X, to add approximately 900 employees to the construction project.
Standard Chartered Says OPEC+ Policy 'Explained by 2 Main Factors'
It is very easy to fall for the temptation of layering various types of conspiracy theories together as explanations of changes in OPEC+ policy, analysts at Standard Chartered Bank said.
Harbour Energy Expects to Cut Around 250 Jobs
Harbour Energy has told Rigzone that it expects to cut around 250 jobs.
Marubeni to Invest in ExxonMobil Ammonia Project in Texas
The Japanese diversified company also agreed to buy about 250,000 metric tons a year of ammonia from the planned project.
Impairment Hurts Ovintiv Results
Ovintiv reported a net loss of $159 million for Q1.
Aster Acquires Chevron Phillips Singapore Chemicals
Aster will take over a 400,000 tons per annum high-density polyethylene manufacturing facility on Jurong Island.
Russia Budget Gap Widens as Oil Revenue Falls for Third Month
The monthly shortfall reached RUB 1.05 trillion ($13 billion) after being in surplus a month earlier.
Oil Drops on Powell Rate Comments
Oil prices fell after Fed Chair Powell signaled no rush to cut rates.
China Halts Imports of US Oil in Negative Sign for Shale Drillers
China halted purchases of U.S. crude in March as trade tensions between the two countries ramped up.
EPCOR Sells Texas Gas Utility to SiEnergy
The divestment is part of EPCOR's drive to focus on water opportunities in Texas.
India's First Offshore Decommissioning Project Completed
The Panna-Multa and Tapti joint venture partners completed India's first offshore facilities decommissioning project.
Why Is the USA Natural Gas Price Rising?
Rigzone talks to several analysts.
Sunoco to Buy Parkland Corp in $9B Deal
Sunoco LP announced that it will acquire Parkland Corporation in a transaction valued at $9.1 billion.
