The latest oil and gas news from around the world.
Updated: 33 min 41 sec ago
USA Crude Oil Stocks Jump More Than 7MM Barrels WoW
Crude oil stocks in the U.S., not including the SPR, stood at 460.9 million barrels on April 26, the EIA revealed.
Seven Projects in Four EU States Get $771.6MM in Hydrogen Subsidy
Seven projects across Finland, Norway, Portugal and Spain are set to receive a total of $771.6 million in the inaugural award of the European Hydrogen Bank.
France Increases State Funding for Advanced Nuclear R&D Project
France received clearance from the European Commission to provide EDF a further $321.6 million for the front-end design phase of a project to develop small modular nuclear reactors.
Pushback against Chinese Green Tech Risks Stalling Transition: China Envoy
'We need to maintain low costs, otherwise nobody is going to be able to afford the energy transition'.
EU, Saudi Eye Pact on Energy Transition
Saudi Arabia and the European Commission are planning cooperation on renewable power, clean energy technology and carbon capture.
EIB Bankrolls Two Renewable Energy Projects in Helsinki
The EIB will provide a $160.7 million loan to Helen for two new renewable energy projects to transform Helsinki's district heating system.
Total Talks Up New York Listing
TotalEnergies SE is increasingly making noise about moving its stock listing to New York.
Oil Slumps Below $80 Amid Surging US Stockpiles
Oil extended its recent skid as US crude inventories swelled to the highest since June the Federal Reserve signaled fresh concerns about inflation.
Chevron Secures Deal Raising Its Operated Stakes in Namibia
Chevron and the partners in PEL82 signed an agreement transferring operatorship of the Namibian offshore lease to the U.S. oil giant.
GlobalData Flags Aramco AI Dominance
Saudi Aramco's artificial intelligence innovation dominance places the company ahead of the curve, according to GlobalData.
Ukrainian Drone Attack Sets Major Russian Oil Refinery on Fire
Ukrainian drones hit a major oil refinery owned by state-controlled Rosneft PJSC in Ryazan, southeast of Moscow.
OKEA Posts High in Net Production
The production was largely driven by Statfjord area activities, OKEA said.
Petrobras Boosts Production by 3.7 Percent YOY
Petrobras attributed the year-over-year increase mainly to the ramp-up of its floating production, storage and offloading units (FPSOs).
Karoon JV Spuds Who Dat East Well
The aim of the well is to appraise a gas/condensate discovery made in 2001 and test a number of additional potential reservoir targets.
Aker Solutions Bags EPCIC Contract for Equinor's Mongstad Refinery
The Mongstad refinery, located 43.5 miles (70 kilometers) north of Bergen, is closely integrated with an oil terminal connected to multiple oilfields in the North Sea.
Diamondback, Endeavor Merger Faces Anti-Trust Review
The U.S. competition regulator launched an anti-trust review of Diamondback's $26 billion acquisition of fellow Permian player Endeavor.
MSC Aries and Galaxy Leader: What Happened to the Crew of the Seized Ships?
Dryad Global highlights the current situation of the crew of the MSC Aries and the Galaxy Leader, which were both seized over the last few months.
UK Oil Regulator Fines Perenco UK Limited
It's the highest ever financial penalty the NSTA has handed out.
Hibiscus Petroleum Makes Oil Discovery in Malaysia-Vietnam Agreement Area
Hitting nearly 151,000 feet of potential oil column, Bunga Aster-1 is the second “significant discovery” within a year in the Malaysia-Vietnam PSC.
Conrad Asia Reports Progress in Mako Project, Other Indonesian Activities
Conrad expects to conclude major contracts and services for the Mako project in the second quarter of the year.
