The latest oil and gas news from around the world.
Updated: 31 min 15 sec ago
Oil Slumps as Consumer Confidence Sinks
US consumer confidence weakened sharply, reinforcing fears of slowing oil demand.
Macquarie Strategists Forecast USA Crude Inventory Rise
Macquarie strategists are forecasting that U.S. crude inventories will be up by 4.3 million barrels for the week ending April 25.
Golden Pass LNG Gets FERC Commissioning Permit
QatarEnergy and ExxonMobil secured regulatory approval to commission their Sabine Pass, Texas LNG project.
June Natural Gas Contract 'Jumps Into Front Month Role'
'The May contract rolled off the board at $3.170 yesterday as natural gas buyers awakened from a month-long slumber', Eli Rubin, an energy analyst at EBW Analytics Group, said.
Sockeye-2 Well Flow Test Proves High-Quality Reservoir: APA
The North Slope well averaged 2,700 bopd during a 12-day test.
Oil's Rarest 'Smile' Fascinates Morgan Stanley as Glut Looms
The global oil market is in very rare territory right now.
Offshore TotalEnergies Workers Being Balloted for Strike Action
Unite announced that offshore workers employed by TotalEnergies are being balloted for strike action.
Woodside Reaches $17.5-B Investment Decision on Louisiana LNG
The Australian company approved phase 1, which involves 3 liquefaction trains with a combined capacity of 16.5 MMtpa, out of a total permitted capacity of 27.6 MMtpa.
Crescent Closes Sale of Permian Basin Assets for $83MM
The assets are located in Reeves County, Texas and had projected full-year 2025 production of approximately 3,000 barrels of oil equivalent (boepd).
EnQuest Wins Bidding for 2 PSCs in Indonesia
EnQuest said the award marks its entry into Indonesia, 'a country that offers a broad range of growth opportunities that span the full upstream lifecycle'.
Total USA Petroleum Products Demand Projected to Rise in 2025 and 2026
The EIA expects total U.S. petroleum products consumption to increase in 2025 and 2026.
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.
