The latest oil and gas news from around the world.
Updated: 8 min 30 sec ago
BP Plans $3-4B of Divestments This Year
'This underpins our confidence in meeting our net debt target of $14-18 billion by the end of 2027'.
North America Loses Rigs for 8 Straight Weeks
The total North America rig count stands at 715, according to Baker Hughes' latest North America rotary rig count.
Spain Slowly Returning to Normal After Crippling Blackout
Spain and Portugal were returning to some semblance of normality early Tuesday.
Emera, Nova Scotia Power Report Cyber Breach
The companies said the incident has not impacted Nova Scotia Power's physical operations and Emera's utilities in the U.S. and the Caribbean.
US Urges Eastern Europe to Split from EU Energy Transition Aims
The U.S. energy secretary said western Europe chose the wrong path of expensive 'top-down imposition of enforced climate policies'.
TechnipFMC Logs Higher Q1 Revenue
TechnipFMC posted $2.23 billion in revenue for the first quarter.
Crude Dips to Two-Week Low Amid Trade War Fears
Oil prices slid as weak US data and trade tensions with China deepened worries over energy demand.
Matador Sees YoY Increase in Profit as Output Rises
Matador posted $240.1 million in net profit for Q1 2025, up 24 percent from the $193.7 million logged for Q1 2024.
Phillips 66 to Build 300 MMcfd Gas Processing Facility in Permian
Expected to start operation in Q1 2027, the Iron Mesa gas plant will serve Delaware and Midland Basin production.
ORLEN Signs Third Contract to Supply Naftogaz with Natural Gas
The agreement brings the total contracted volume of US-sourced gas supplied to Ukraine to 300,000 cubic meters.
SLB Logs Lower Profit for Q1
Despite being weighed down by the potential impact of tariffs, SLB expects to exceed its policy of returning over 50 percent of free cash flow to shareholders this year.
What Are the Latest AI Developments Oil and Gas Needs to be Aware Of?
Rigzone talks to Toni Fadnes, the Chief Transformation Officer of eDrilling.
Woodside Posts $3.32B Revenue for Q1
Q1 revenue fell five percent from the prior three-month period primarily due to lower production and weaker oil-linked prices.
Naftogaz Keeps Gas Prices Unchanged for Another Year
Naftogaz will continue delivering natural gas to households in Ukraine at the current regulated rate until April 2026 to reflect the current moratorium on raising gas tariffs.
Iberdrola Launches Offshore Construction of East Anglia 3 Wind Farm
Iberdrola said an engineering feat has been achieved with the installation of a giant monopile.
Gazprom Refiner in Serbia Gets Fresh Reprieve on US Sanctions: Vucic
'Serbia managed to win another delay in sanctions against NIS, this time for two months, until June 27'.
Oceaneering Net Income Soars for Q1
Oceaneering outperformed expectations for the first quarter.
GeoPark Exceeds Q1 Production Guidance
The Latin American energy company's pro-forma average daily production in the first quarter reached 36,279 boe, surpassing its initial guidance for the year of 35,000 boe.
DV Group Embarks on Big Push Into Commodities Beyond Energy
DV Group is expanding its nascent commodities-trading business.
