The latest oil and gas news from around the world.
Updated: 1 hour 4 min ago
Woodside Relinquishes Option to Take Majority Stake in Orange Basin Block
The option is part of a 2023 agreement under which Woodside fully funded a $35 million seismic survey of the block offshore Namibia.
Energy Chief Praises Research Hub That Trump Once Sought to Ax
The Advanced Research Projects Agency-Energy, or ARPA-E, has doled out some $4.2 billion to more than 1,700 energy projects since 2009.
Oil Dips as Economic Gloom Undercuts Middle East Supply Risk
Crude is on track for a quarterly loss as an escalating global trade war threatens demand while OPEC and its allies are set to raise production starting in April.
APA Hits Oil Discovery on Alaskan North Slope
APA and its partners declared a 'significant' petroleum discovery in the Lagniappe area on Alaska's North Slope.
TIPRO, TXOGA Look at Texas Upstream Employment
TIPRO said its new workforce data 'indicated strong job postings for the Texas oil and natural gas industry'.
OPAL Fuels Posts Higher Annual Revenue
The RNG producer reported $300 million in revenue for 2024.
Sembcorp Is Said to Conduct Strategic Review of Business
Sembcorp's stock rose as much as 4.9 percent, the steepest intraday gain since Aug 7.
GE Vernova Shortlisted for Supply of Geothermal Power to US Military
A consortium including GE Vernova has secured 'awardable' status for rights to deliver geothermal electricity and battery energy storage to U.S. military bases.
Brava Signs Sales Deal with Shell for Atlanta Field Oil
Atlanta is a producing heavy oil field located in ultra-deepwater in Brazil.
Northwind Midstream Advances Projects in New Mexico
The company is building off-spec, NACE standard, natural gas infrastructure systems in Lea County, New Mexico.
USA EIA Boosts Henry Hub Natural Gas Price Forecasts
The U.S. Energy Information Administration increased its Henry Hub spot price forecast for 2025 and 2026 in its latest short term energy outlook.
Cheniere Commissions Train 1 of Corpus Christi LNG Expansion Project
'We remain focused on safely and efficiently bringing the remaining CCL Stage 3 trains online ahead of schedule'.
Equinor Starts Gas Production at Halten East
'We are starting up Halten East at a time where piped gas from Norway is in high demand and important for energy security'.
Offshore Achievement Award Winners Announced
'Each winner has demonstrated exceptional leadership and innovation that will undoubtedly inspire others', Graham Dallas, Chair of the Offshore Achievement Awards Committee, said.
Mach Grows Annual Earnings
Net income and revenue for 2024 reached $185 million and $970 million, respectively.
Brazil Moves Ahead with Plan to Boost Ethanol Blend in Gasoline
Authorities are recommending an increase in the blend of ethanol in regular gasoline to 30 percent from the current level of 27.5 percent.
Oil Rises as China Plans Stimulus, USA Ramps Up Pressure on Iran
Still, crude has fallen more than $10 a barrel from this year's high in January.
Israel, Azerbaijan Step Up Alliance With Gas Exploration Deal
Azerbaijan will on Monday sign agreements to explore for natural gas in Israeli waters.
Whitecap, Veren to Merge in $10.4B Transaction
The transaction is expected to close before May 30.
North America Cuts 35 Rigs Week on Week
North America dropped 35 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
