The latest oil and gas news from around the world.
Updated: 45 min 58 sec ago
Russia's War Economy Starves Crucial Oil Industry of Manpower
The industry is facing a shortage of manpower as the full mobilization of Russia's economy for war exacerbates a longstanding demographic crunch.
JP Morgan Analysts Look at Next OPEC Meeting
J.P. Morgan analysts reveal what they expect to happen.
Nigeria Plans Environmental Review before Approving Shell's Onshore Exit
'Key considerations include the assessment of environmental liabilities, adherence to regulatory requirements, and industry best practices'.
UK Oil Regulator Offers More Licenses as Part of Latest Round
A total of 82 offers to 50 companies have now been made in the round.
Chouest Acquires Rovop
'This acquisition is a key part of our strategy to enhance our integrated subsea services'.
Brazil Seeks to Boost Gas Production
Talks are underway involving Argentina, Bolivia and Paraguay, exploring several routes for importing Vaca Muerta gas.
EU Offers $915MM Grants for Cross-Border Energy Infra Projects
For the first time, offshore power grids and hydrogen projects are eligible for the TEN-E/CEF Energy funding.
UK National Energy System Operator Gets Its First Chair
A former senior official at the National Grid will lead the newly formed National Energy System Operator, a public corporation free from commercial interests.
Net Income Dips for Marathon Oil in Q1
Independent oil and gas exploration and production company Marathon Oil Corporation reported a net income of $297 million for the first quarter of 2024.
FTC's Surprise Attack on USA Oil Icon Rattles Shale Sector
Sheffield, Pioneer's founder and a high-profile figure in the shale industry, has been barred from joining Exxon's board, according to the agreement reached between the companies and the FTC.
Oil Posts Largest Weekly Drop Since February
Oil posted its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East, while traders continued to weigh the outlook for interest-rate cuts.
Canadian Natural Boosts Q1 Production YOY
'Crude oil price forecasts have strengthened for the remainder of 2024'.
Microsoft and Brookfield Sign Renewable Energy Framework Deal
'This first of its kind agreement,' Connor Teskey, the CEO of Brookfield Renewable and President of Brookfield Asset Management, said.
Gazprom Group Reports First Net Loss in 24 Years
Russia's state-controlled gas giant reported its first annual net loss since 1999.
Longboat Energy Makes a Switch at the Helm
Independent oil and gas company Longboat Energy has made a change at the helm.
AIQ Acquires Stake in AI Firm in Partnership with Adnoc
The transaction will combine AIQ's breakthrough AI energy solutions with Presight's cross-sector big data analytics, product development, and international market access.
Wood Bags Decarbonization Contract from TotalEnergies
The 23-month contract follows Wood's successful completion of a field study and front-end engineering design.
LNG Prices Seem to Have Stabilized
LNG prices this week seem to have stabilized, Rystad Energy Senior Analyst Lu Ming Pang said.
World's Most Important Oil Price Transformed by Adding USA Crude
The world's most important oil price is working better than ever thanks to an infusion of crude from west Texas.
Sabic's Profit Drops 63 Percent for First Quarter
The company said its EBITDA margin 'improved significantly supported by higher product margins and optimized costs'.
