The latest oil and gas news from around the world.
Updated: 49 min 21 sec ago
Aramco CEO Sees 'Good' China Oil Demand Driving Growth
China is still driving growth in global oil demand, the head of Saudi Aramco said.
SEB Analyst Says Brent Oil Was Ripe for Correction
Bjarne Schieldrop, the chief commodities analyst at SEB, said Brent crude was 'ripe for a correction lower'.
H&P Closes KCA Deutag Acquisition
With the acquisition, H&P said it expects to deliver near- and long-term growth and value creation by accelerating its international growth strategy by 'significantly increasing' its Middle East presence.
President Trump Issues Raft of Energy Orders
Donald J. Trump issued a raft of energy orders during his first day as the 47th President of the United States.
OMV, Airbus Partner to Promote SAF Deployment
'OMV and Airbus will explore joint solutions to broaden the voluntary access to SAF for various customer groups, aimed at stimulating new demand and thereby supporting large-scale investments in new SAF production facilities'.
AD Ports, Kazmortransflot Ink Preliminary Deal on Fleet Expansion
Kazmortransflot and AD Ports signed heads of terms to grow their cooperation including by expanding their transport fleet.
Naftogaz Posts Higher Annual Gas Production
The Ukrainian state-owned company produced 490.87 billion cubic feet of natural gas last year.
SLB Posts Higher Annual Revenue, Raises Dividend
The company's board approved a 3.6 percent increase to its quarterly dividend.
Low-Carbon Power Makes Up Over 95 Pct of French Annual Generation
Rising nuclear and hydro generation squeezed the use of fossil fuels.
Extreme Cold and Record Snowfall to Test the Texas Power Grid
A cold blast gripping the U.S. South threatens to bring record-breaking snowfall to New Orleans and Houston.
North America Adds More Rigs
The total North America rig count stands at 809, according to Baker Hughes' latest rotary rig count.
US FTC Finalizes Agreement with Chevron, Hess on Merger Concerns
The competition regulator finalized an agreement that bars Hess' chief executive from holding a board position at Chevron, to settle antitrust concerns surrounding the companies' merger.
Trump to Declare National Energy Emergency, Unlocking New Powers
The move is set to be among an array of actions Trump will take.
GreenGasUSA, Pilgrim's Pride Commission RNG Facility in Sumter
GreenGasUSA, in partnership with Pilgrim's Pride, commissioned an RNG project at Pilgrim's poultry processing facility in Sumter, South Carolina.
USA EIA Reveals Latest Henry Hub Natural Gas Price Forecasts
'Although we expect the Henry Hub price to rise from ... all-time lows in 2024 over the forecast period, the potential exists for prices to increase by less than we forecast'.
US DOE Set to Award $107 Million Funding for Fusion Innovation Efforts
The DOE announced the first selections for funding under a program to close knowledge and technology gaps in the design and building of a commercially scalable pilot fusion plant.
Texas Lawmakers Introduce Bill to Repeal Biden's Drilling Ban
A coalition of energy organizations said the ban 'undermines domestic energy production, job creation, and national security'.
US BOEM Grants Final Permit for 2.4-GW SouthCoast Wind
A project to build up to 2.4 GW of wind power for Massachusetts and Rhode Island has obtained approval for its Construction and Operations Plan from BOEM.
JP Morgan Analysts Say They Expect Oil Demand to Rebound in Coming Weeks
'Looking forward, we expect oil demand to rebound in the coming weeks, averaging 101.4 million barrels per day'.
Talos Discovers Oil, Gas at Ewing Bank Well in GOM
Talos said it expects production in line with pre-drill estimates of approximately 15 to 20 thousand barrels of oil equivalent per day (MBoepd) gross.
