The latest oil and gas news from around the world.
Updated: 47 min 27 sec ago
BP Starts Up US Gulf Expansion Project
BP has raised the production capacity of the Atlantis deepwater field by 10,000 barrels of oil equivalent a day.
Eni Opens Supercomputing Capabilities to 'Innovation Ecosystem'
Eni announced that it is opening up its supercomputing capabilities to the 'innovation ecosystem'.
Petrobras Squeezes More Oil from Mega Platforms
Brazil's national oil company is producing more than the designed capacities of offshore platforms deployed at Buzios and other deepwater fields.
Ksi Lisims Positions Canada as Long-Term LNG Supplier to Germany
'This milestone marks the first major long-term LNG supply arrangement between Canada and Germany and represents a significant step in strengthening the strategic energy partnership between both countries'.
USA Gasoline Shows Rising Price Trend
The U.S. Energy Information Administration's latest gasoline fuel update showed a rising price trend for U.S. regular gasoline.
Petronas Signs New LNG Deal with Another Japanese Customer
Petronas penned an initial agreement to continue supplying liquefied natural gas to Hokuriku Electric, the latest Japanese utility to recently tap Malaysia's national oil and gas company for LNG supply.
Shell Maintains Buyback Rate with New $3B Plan
Shell reported higher earnings for the second quarter as higher oil prices continued to offset its production losses in the Middle East.
Carbon Storage Industry Given 'Significant Boost', NSTA Says
The UK's North Sea Transition Authority announced that the carbon storage industry 'has been given a significant boost' with the publication of two NSTA commissioned studies.
Hormuz Traffic Shows Defiance
Shipping across the crucial Strait of Hormuz has picked up in recent days despite a continuation of hostilities in the Middle East, with the U.S. claiming its navy escorted some tankers across the waterway.
Aramco Mulls New Oil Pricing for Asia
Saudi Aramco is preparing a new selling price for oil loaded at Egypt's Mediterranean port of Sidi Kerir for delivery to Asia.
Oil Surges as Tensions Erupt
Oil prices surged after renewed military action between the US and Iran reignited concerns over Middle East energy supplies.
Saudi State Oil Shipper Posts Record Profit on Higher Freight Rates
Bahri registered 'higher freight rates and increased vessel chartering activity to meet growing customer demand'.
Saipem Bags Over $3B Worth of Eni Deals in July
Saipem has announced, in statements posted on its website, more than $3 billion worth of contract awards by Eni this month alone.
Eni Raises Buyback Plan to Nearly $4B
The Italian state-backed energy major increased its share repurchase program for 2026 by 20 percent from the previous guidance to EUR 3.4 billion, buoyed by the elevated oil price environment.
Trump Says USA Will Strike Iran Hard
President Donald Trump said the U.S. would hit Iran hard after a recent attack that targeted a military base in Jordan.
BP to Bring In TPAO for Kirkuk Oil Projects
Turkish Petroleum signed an agreement with BP to join prospective oil redevelopment in the Kurds-claimed province of Kirkuk in Iraq.
Oil, Gas Sector is Cash Rich, Capital Cautious
In a statement sent to Rigzone this week, Wood Mackenzie said the oil and gas industry is 'cash rich but capital cautious'.
New Zealand Grants 1st Exploration Permit since Ardern-Era Ban
Australia's EnZed Energy won the first oil and gas exploration license issued in New Zealand after the government last year reversed a 2018 ban.
Why Is Oil Rebounding?
Why is oil up today?
UAE LNG Exports via Gulf Press On
Abu Dhabi National Oil Co is pushing on with liquefied natural gas exports from its Persian Gulf plant, even as renewed hostilities in the region force producers to curb visible traffic through the Strait of Hormuz.
