The latest oil and gas news from around the world.
Updated: 48 min 34 sec ago
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.
Trans Mountain Pipeline Expansion Gets Final Clearance to Ship Oil
The expansion of the Trans Mountain pipeline received the final regulatory clearance it needs to start shipping crude from the oil sands to Canada's Pacific Coast.
Petrobras Signs Deal for Potential Offshore Wind Project in Brazil
Petrobras signed an MOU with the government of Rio Grande do Norte to explore the feasibility of a pilot offshore wind project in the state.
Exxon Oil Traders in Belgium Protest Move to London
Some Exxon Mobil Corp. trading staff protested outside the oil giant's Brussels office Tuesday.
Oil Ends Rocky Month Falling Below $82
Oil slid near its lowest price in a month as the potential for a cease-fire in the Middle East eased geopolitical tensions.
US Requires New Federal Buildings to Phase Out Fossil Fuels
The DOE decided to mandate federal agencies to construct only fossil fuel-free buildings starting 2030.
Aramco Signs FIFA Deal
Aramco has signed a four-year global partnership with FIFA.
Chevron CEO Sees Exxon Arbitration Resolved in Coming Months
Exxon began arbitration proceedings in March.
Oil Markets Gazing Towards Next OPEC+ Meeting
Oil markets are increasingly gazing towards the OPEC+ meeting in June, SEB's Chief Commodities Analyst said.
Petrofac Announces Temporary Share Suspension
'Trading in the company's shares will be temporarily suspended from 7.30 am on May 1, 2024'.
Qatar Orders 18 LNG Carriers from Chinese State-Owned Shipbuilder
China State Shipbuilding Corp. will construct 18 LNG vessels worth a total of nearly $6 billion for QatarEnergy.
TechnipFMC Earnings Soar
TechnipFMC's net earnings for the first quarter jumped to $157.1 million from $0.4 million for the same period a year ago.
Wintershall Dea Faces German Probe over Climate Report
German prosecutors are investigating allegations that oil and gas company Wintershall Dea misled the public about its sustainability efforts.
Nigeria's NNPC Sued over Allegedly Missing Oil Revenues
A local accountability watchdog has dragged NNPC to court accusing the national oil and gas company of failing to remit billions of oil money to the state.
Petrobras Transfers Stake in Mothballed Campos Basin Fields to Perenco
Petrobras said the divestment is a more favorable option compared to decommissioning the facilities and forfeiting concessions to the ANP.
Oil Producers Flush With Cash Cut Reliance on Funding Markets
Last year, the demand for loans from fossil-fuel companies fell 6 percent year on year.
Oil Falls as Geopolitical Risk Premium Decreases
Oil fell as signs of progress toward a cease-fire between Israel and Hamas reduced crude's geopolitical risk premium.
US DOE Narrows Scope of Environmental Reviews for Clean Energy Projects
The new exemptions from environmental reviews aim to accelerate and lower the cost of clean power deployment.
DOE Issues Report for US Offshore Wind, Offers New R&D Grant
The report, part of the DOE's "liftoff" series, says the U.S. offshore wind sector could deliver over 100 GW of clean power by 2050.
