The latest oil and gas news from around the world.
Updated: 7 min 18 sec ago
Payroll in USA Oil and Gas Totals $168 Billion in 2024
Texas had the highest oil and gas payroll in the country in 2024, according to TIPRO's latest State of Energy report.
European Commission Proposes to Extend Gas Storage Regulation to 2027
'In the current geopolitical context and volatile situation in the global gas markets, this 2-year extension will contribute to ensuring continued security of energy supply across the EU'.
Aramco CEO Says Company Is Deploying AI Tech at Scale
Saudi Aramco President and CEO Amin H. Nasser said Aramco is 'adopting and deploying AI technologies and solutions at scale' across its operations.
European Commission Schedules New Round of Coordinated Gas Deals
Buyers can express their demand for July 2025-October 2030.
European Commission Schedules New Round for Coordinated Gas Deals
Buyers can express their demand for July 2025-October 2030.
China Energy Imports Down at Start of 2025
Chinese energy imports broadly fell at the start of 2025, after last year's record shipments of coal and gas created an overhang of supply and demand for oil continued to ease.
LandBridge at Loss for 2024 but Signals Shift in Q4
LandBridge reported $41.5 million in net loss for 2024, compared to 2023's net income of $63.2 million.
Oil Recovers on Trade Tariff Reprieve
Tariff postponements and supportive US comments helped stabilize crude prices despite bearish pressures.
Tanzania Plans to Kick Off 5th Oil, Gas Licensing Round in May
The country's last licensing round was in May 2014.
USA Crude Oil Inventories Rise WoW
Crude oil stocks, not including the SPR, stood at 433.8 million barrels on February 28, according to the EIA's latest weekly petroleum status report.
Alberta to Change Procurement in Retaliation Against Trump
Canada's federal and provincial governments have rolled out a series of countermeasures this week in response to Trump's tariffs.
How Many People Did USA Oil and Gas Employ in 2024?
Rigzone takes a look at the Texas Independent Producers & Royalty Owners Association's (TIPRO) latest State of Energy report.
Golden Pass LNG Secures Deadline Extension for Export Start
'President Trump has pledged to restore energy dominance for the American people, and I am proud to help deliver on that agenda with today's permit extension', Energy Secretary Chris Wright said.
Sapura Energy Secures $716.7MM of Drilling Contracts
Sapura Drilling has a fleet of five semi-tender rigs and six tender barge rigs.
EIR Downgrades Brent Price Forecast
Enverus Intelligence Research said it has downgraded its Brent price forecast 'due to recent events including OPEC+ production cuts and President Trump's tariffs'.
Valeura Boosts Manora Field Production Capacity
The company said its working-interest oil production before royalties in the Manora field in the Gulf of Thailand has increased from 2,144 bpd in December 2024 to 2,866 bpd.
Accelera, GAIL Partner on Green Hydrogen Development in India
The companies will explore opportunities in hydrogen production, blending, transportation and storage.
Equinor Makes Gas Discovery in Halten Area of Norwegian Sea
Preliminary estimates indicate 19-44 million barrels of oil equivalent recoverable resources.
CNOOC Says Achieved Breakthrough in Buried Hills Exploration in Beibu Gulf
CNOOC declared an oil and gas discovery in the Weizhou 10-5 field, marking a 'breakthrough' in the exploration of Paleozoic buried hills in the Beibu Gulf of the South China Sea.
EU Delays Release of Russia Energy Roadmap as It Weighs US Pivot
'The roadmap is not in the indicative planning, but it is still on and being prepared; only the timing changed in light of latest geopolitical developments'.
