The latest oil and gas news from around the world.
Updated: 6 min 42 sec ago
Liberty Acquires IMG
IMG will help Liberty fast-track the delivery of projects to meet demand from data centers.
Eni Completes 37 MW Agrivoltaic Plant in Lazio
The plant has the capacity to power over 22,000 households.
Macquarie Strategists See 'Large US Crude Build' in Next EIA Report
The EIA report is scheduled to be released on March 12 and will include data for the week ending March 7.
Venture Global Plans $18B Expansion of Plaquemines LNG
'Our planned expansion of Plaquemines will make it the largest LNG export facility built in North America, supplying LNG to our allies while making a substantial impact on the U.S. balance of trade'.
KKR Completes Acquisition of 25 Percent Stake in Enilive
The acquisition by the global investment firm involves a EUR 500-million capital injection into Eni's biofuels arm.
DNO to Acquire Sval Energi for $450MM
The Sval Energi assets are complementary to DNO's North Sea portfolio and will add scale and diversification to the company, it said.
BP, JERA Co Announce Leadership Team of Planned Offshore Wind JV
'JERA Nex BP will enter the market with a world-class leadership team' said William Lin, executive vice president for gas and low carbon energy at BP.
OPAL Fuels Expands Canadian RNG Fueling Network
OPAL Fuels signed five new fuel station service agreements supporting customer hauling operations in Canada.
GeoPark Posts Lower Earnings
Results were mainly affected by a 6 percent devaluation of the Colombian peso on deferred income tax calculations and a one-off expense of $5.4 million related to acquisitions.
Adnoc Seeks to Buy First Gas Fields in US
ADNOC wants the deals to complement its recent acquisitions of chemical plants and LNG export facilities in the U.S., according to people familiar with the matter.
Shell Starts Oil Production at GKGJE Phase 4 Offshore Borneo
Shell and its partners expect the project, on the Brunei-Malaysia border, to average 21,000 bpd.
Nine Energy Service Downsizes Board
The oilfield services company has decided to reduce the size of its board of directors from eight to six members by the end of the year.
Raizen Is Said to Hire JPMorgan for Argentina Energy Assets Sale
Brazil's largest producer of ethanol fuel, Raizen is mulling divestments and slowing down expansions as higher borrowing costs of late in Brazil rattle its finances.
Oil Gains on Truce Hopes but Closes Week Lower
WTI climbed 0.7% to settle at $67.04 a barrel, yet oil remains down 3.9% for the week as trade and supply concerns continue.
USA Won't Hesitate on Russia and Iran Sanctions, Bessent Says
The U.S. will not hesitate to go 'all in' on sanctions on Russian energy if it helps lead to a ceasefire in the Ukraine war, Treasury Secretary Scott Bessent said Thursday.
Enbridge to Invest $1.39 Billion until 2028 in Mainline Pipeline
Enbridge has earmarked an investment of up to about $1.39 billion until 2028 for a Canada-U.S. liquids pipeline with a capacity of about 3 million barrels a day of crude oil.
Analyst Says Bearish Fundamentals Beginning to Reassert Influence Over Gas
'Yesterday's bearish EIA storage report surprise is the latest in a cascade of bearish fundamental indicators over the past two weeks', Eli Rubin, an energy analyst at EBW Analytics Group, said.
BP CEO Sees Pay Cut 30 Pct After Profit Miss, Elliott Intervention
BP Chief Executive Officer Murray Auchincloss' total compensation dropped to $6.91 million in 2024.
Norway Opens Application for One CO2 Storage Exploration Area
This is the eighth time acreage is being offered for CO2 storage exploration or exploitation on the Norwegian continental shelf.
