The latest oil and gas news from around the world.
Updated: 56 min 41 sec ago
TotatalEnergies to Raise Stake in Lapa in Brazil Swap with Shell
TotalEnergies is exiting the under-development Gato do Mato field by divesting its stake to operator Shell in exchange for an increased ownership in the producing Lapa field, where it is operator.
Sonardyne Secures Monitoring Deal for NEP CCS Project
Sonardyne won the bid to provide baseline environmental monitoring services for the UK's first offshore CCS site.
TotalEnergies Acquires Low Carbon's UK Renewables Portfolio
TotalEnergies acquired a pipeline of eight solar projects with a capacity of 350 MW and two battery storage projects with a capacity of 85 MW from Low Carbon.
IEA Sees Oil Investments Falling 6 Percent in 2025 on Lower Demand, Prices
'This decline in oil investment is driven by the economic uncertainties, the lower demand expectations, and lower prices'.
Oil Falls as Saudi Arabia Seeks More Major Production Hikes
Oil fell on signs Saudi Arabia wants another major production increase.
Saudi Arabia Cuts Oil Prices for Asia as OPEC+ Adds More Barrels
Saudi Aramco cut the price of its main oil grade to buyers in Asia.
BlackRock Escapes Texas Oil-Boycott List After ESG Retreat
BlackRock Inc. was removed from Texas' blacklist of companies that boycott fossil fuels.
July Natural Gas Contract Extended Rebound on Tuesday
In an EBW Analytics Group report sent to Rigzone by the EBW team today, Eli Rubin, an energy analyst at the company, said the July natural gas contract 'extended its rebound to $3.722 yesterday'.
Jadestone Names Thomas Mitchell Little as CEO
The upstream production and development company appointed an ex-Marathon Oil executive as CEO.
Baker Hughes, Cactus Form JV
Cactus and Baker Hughes signed a deal to create a joint venture consisting of the latter's surface pressure control business.
Harbour Finds Suitable CO2 Storage Site in Norwegian North Sea
'This is the fourth well drilled to investigate potential commercial storage of CO2 on the Norwegian continental shelf'.
Low USA Refined Product Inventories Add Risk to Hurricane Season
Low U.S. refined product inventories add risk to the 2025 hurricane season, an analysis sent to Rigzone recently by S&P Global warned.
Tullow Gets Upstream License Extensions in Ghana
The West Cape Three Points and Deepwater Tano offshore licenses, which contain the producing Jubilee and TEN fields, will be extended to 2040.
Power of Siberia Gas Deliveries to CNPC Reach 3.5 Tcf
'In 2027, Russian gas will start to be supplied to China via the second, i.e. Far Eastern, pipeline route'.
USA Energy Secretary Issues Emergency Order
'[This] emergency order ensures that Michiganders and the greater Midwest region do not lose critical power generation capability as summer begins', U.S. Energy Secretary Chris Wright said.
TotalEnergies, RGE Renewables Project Gets Singapore Approval
A JV between TotalEnergies and RGE (Royal Golden Eagle) received a conditional license from Singapore's Energy Market Authority to import 1 GW of renewable power from Indonesia.
UK Could Miss 2030 Clean Power Goal, Warns Parliament Committee
The UK's goal of a clean power grid by 2030 is in danger of slipping out of reach as planning delays and infrastructure bottlenecks challenge the government.
Oil Extends Gains as Canada Wildfires Offset OPEC+ Output Hike
Oil rose for a second day as supply disruptions from Canada's wildfires countered OPEC's latest bumper supply increase.
OPEC Raises Oil Output as Group Begins Bumper Set of Increases
OPEC raised oil production last month as the group began a series of accelerated increases spurred by Saudi Arabia, according to a Bloomberg survey.
Petronas Is Said to Explore Sale of $7B Canadian Business
Petronas bought Progress Energy for about $5.3 billion in 2012, boosting the Kuala Lumpur-based firm's shale-gas assets and gas supplies.
