The latest oil and gas news from around the world.
Updated: 57 min 36 sec ago
Eni Raises Gas Supply for Ivorian Power
Eni has increased its natural gas supply for Cote d'Ivoire's electricity generation with new capacity unlocked in the offshore Baleine field.
Rystad's Head of Geopolitical Analysis Looks at Limited Ceasefire
'The market's expectation of a quick resolution, in line with President Trump's desire, will need to be reassessed', Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, said.
Africa Oil Completes Reorganization
Africa Oil completed its full takeover of Prime, previously a 50-50 venture with BTG Oil & Gas, while the partner has acquired 35.5 percent of the enlarged Africa Oil.
NewMed Energy Farms into OMV Petrom Block Offshore Bulgaria
The 50-50 partners expect to start drilling a new exploration well this year.
Baker Hughes, Petrobras Tie Up to Solve Flexible Pipes Corrosion Cracking
Baker Hughes launched a joint technology program Petrobras to solve stress corrosion cracking due to CO2 in flexible pipe systems.
TotalEnergies Eyes Brazil Green Hydrogen for European Refineries
TotalEnergies, which has a 34 percent stake in the developer's wind and solar generation unit, also is considering taking a direct shareholding in the project.
Equinor Awards Kinewell Multi-Year Software Deal Extension
The deal involves the KLOC offshore wind cost optimization software.
Oil Rises Amid Demand Optimism Despite Fed Outlook
WTI rose above $67 as a softer dollar and falling stockpiles offset OPEC supply and economic fears.
Oil Titans Meet With Trump as USA Unwinds Environmental Rules
Industry leaders say they have plenty of reasons to give thanks.
ADNOC Drilling Says it is Set to Enhance its Operational Capacity in 2025
The company projected a rig count of over 148 by 2026 and more than 151 by 2028.
Chevron Buys 5 Pct of Hess via Open Market
Chevron bought 15.38 million shares of Hess' common stock via the open market, even as the companies work to complete their embattled merger.
Sable Stays in the Red for 2024
Sable Offshore reported a net loss of $617.3 million for 2024.
Holtec Gets $57 MM DOE Loan for Palisades Nuclear Plant Restart
The DOE released $56,787,300 of the up to $1.52 billion loan guarantee for the project.
Drones Start Fire at Russian Oil Depot Near Damaged CPC Link
The attack came just hours after Russia's President Vladimir Putin and his US counterpart Donald Trump discussed the war in Ukraine.
Vitol to Acquire Stakes in Eni Assets in Africa for $1.65B
Eni agreed to bring in Vitol as a partner in several producing and undeveloped oil and gas assets in Cote d'Ivoire and the Republic of the Congo.
EIA Raises USA Crude Oil Production Forecast
The U.S. Energy Information Administration raised its U.S. crude oil production forecast for 2025 and 2026 in its latest short term energy outlook.
ORLEN Commits More LNG for Ukraine
Naftogaz has secured an additional supply of about 3.53 billion cubic feet of natural gas from the Polish company.
Vopak to Invest Additional $1B in Gas, Industrial Infrastructure
Vopak said it aims to invest in attractive and accretive growth projects in gas, industrial, and energy transition infrastructure.
Macquarie Strategists Forecast USA Crude Inventory Drop
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be down for the week ending March 14.
Petroecuador Oil Sales to Shell in Limbo after Pipeline Spill
Ecuadorian state oil company Petroecuador said it might not be able to honor contractual commitments to export crude as it struggles to control a spill from a ruptured pipeline.
