The latest oil and gas news from around the world.
Updated: 1 hour 3 min ago
NSTA Fines CNOOC for Unauthorized Venting
The company was given a penalty for venting without consent at the Buzzard field, 60 miles northeast of Aberdeen in Scotland.
Macquarie Strategists Forecasting USA Crude Inventory Build
The EIA's next weekly petroleum status report is scheduled to be released later today.
Nigeria Plans 2.1 MMbd of Oil Production This Year
Nigeria's upstream regulator is aiming for an oil production of at least 2.1 million barrels a day for 2025.
SPE Aberdeen Officially Announces 2025 OAA Finalists
'The caliber of entries this year has been truly outstanding', said Graham Dallas, Chair of the Offshore Achievement Awards Committee.
Norway Awards 53 Offshore Hydrocarbon Production Licenses
Norway's Energy Ministry awarded 53 hydrocarbon production leases on the country's continental shelf under last year's licensing round.
EDF, Hypervolt Partner to Use EVs for Grid Balance
The partnership leverages Hypervolt EV chargers to support the grid at times when it is facing challenges maintaining the required frequency.
EU Mulls Gradual Ban on Russian LNG
The EU is said to be considering phasing out Russian LNG and restricting the importation of Russian aluminum as part of a new package of sanctions over the war in Ukraine.
Valeura Posts Record Oil Production in Q4
Valeura's oil production averaged 26.1 million barrels per day during the fourth quarter of 2024.
Ceasefire News Cools Oil Rally
Oil prices fell from recent highs as Hamas and Israel's tentative cease-fire and reduced supply disruption fears cooled a rally driven by global tensions.
BP CEO Auchincloss Faces a Crucial Test in Delayed Strategy Update
BP Plc's Chief Executive Officer Murray Auchincloss faces a critical moment next month.
GlobalData Says China is at Forefront of Polypropylene Capacity Additions
GlobalData said China is at the forefront of global polypropylene capacity additions through 2028.
Chart Secures LNG Tech Order from ExxonMobil
Chart has been contracted to provide LNG equipment, technology, and services for ExxonMobil's global project portfolio.
Eni Completes Its Biggest Battery Storage Project in Texas
The plant is scheduled to start commercial operation by mid-2025.
Africa Oil Raises Stake in Orange Basin Block to 18 Percent
Africa Oil increased its stake in Block 3B/4B on the South African side of the Orange Basin to 18 percent from 17 percent after completing a transaction with fellow Canadian company Eco.
EU Foreign Affairs Chief Aims to Lower Price Cap on Russian Oil
'I'm really pushing for this to be lowered because it has a clear effect'.
Canadian Natural Allots $63.5MM for Carbon Capture
Canadian Natural said it is aiming to drill 361 net wells across its crude oil and liquids-rich natural gas assets.
Stratas Advisors Offers Oil Price Warning
Stratas Advisors warned that it is expecting 'some moderation of oil prices'.
LLOG Progresses Salamanca FPU Project in GOM
The privately owned exploration and production company anticipates the final outfitting of the FPU to be completed in early 2025, in time for the project's production target of mid-2025.
KMI to Acquire Midstream Gas Assets in Williston Basin from Outrigger
Kinder Morgan agreed to buy a natural gas gathering and processing system in North Dakota from Outrigger for $640 million.
North America Breaks Rig Loss Streak
North America added 117 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
