The latest oil and gas news from around the world.
Updated: 35 min 44 sec ago
Standard Chartered, JP Morgan Talk Oil Demand
Analysts at Standard Chartered and J.P. Morgan look at oil demand.
Labour Slashes Green Plan to $5.9B Amid Tory Attacks
Opposition leader Keir Starmer shredded his pledge to spend $35 billion a year transitioning the UK to green energy.
UK's Ceraphi Acquires Former Shale Developer's Assets
CeraPhi Energy has acquired the business of Third Energy, a former shale gas development company planning to repurpose its existing wells into geothermal energy centers.
Dutch Pension Fund Divests $3B from Fossil Fuel Firms
PFZW has left only seven oil and gas firms in its portfolio.
Nigeria Senior Oil Official Wants Working Groups with Companies
A senior official at Nigeria's oil regulator is pushing for the formation of government-industry technical working groups to expedite the permitting process for projects.
Omani State Energy Firm OQ Mulls Two IPOs in 2024
OQ is evaluating plans to list its exploration and production business, as well as a methanol and liquefied petroleum gas fuels unit.
Centrica Inks 3-Year LNG Supply Deal with Repsol
The LNG will be delivered to the Grain LNG import terminal in Kent.
Tellurian Eyes Upstream Asset Sale Under New Chairman
'Tellurian has been reviewing its strategy, including the dynamics of the U.S. natural gas market in the context of global LNG demand'.
Saudi Arabia Lines Up Goldman, Citi for Aramco Share Sale
The challenge for any new Aramco share sale would be attracting new investors.
Oil Rallies Amid Cease Fire Uncertainty
Oil rallied as Israeli Prime Minister Benjamin Netanyahu's dismissal of a potential cease-fire in the Israel-Hamas war triggered algorithmic buying in markets.
OC Tanner Flags Oil, Gas Employee Role in Organizational Changes
'Organizational changes can have far-reaching impacts on the workforce'.
US DOE Provides $72MM to Boost Efficiency of Hydropower Facilities
Dozens of hydroelectric projects across 19 states have been selected for $71.5 million in incentive payments from the DOE to improve generation efficiency.
California Resources to Buy Aera Energy in $2.1B Deal
Oil producer California Resources Corp. will buy Aera Energy LLC.
NOG Closes Northern Delaware, Appalachian Acquisitions
Northern Oil and Gas, Inc. has closed on both acquisitions of assets in the Northern Delaware Basin and the Appalachian Basin from undisclosed private sellers.
EIA, BMI Reveal Latest Brent Oil Price Forecasts
The U.S. Energy Information Administration and BMI, a Fitch Solutions company, have revealed their latest Brent oil price forecasts.
Poland Secures State Support for Coal Workers as Phaseout Gains Momentum
The European Commission cleared a Polish scheme to provide a total of $322.9 million to workers who would be affected by the country's planned closure of coal-fired power plants.
Qatar Bags 20-Year, 7.5 MMtpa LNG Order from India
Qatar will supply India 7.5 MMtpa of LNG for 20 years under a deal signed between QatarEnergy and Petronet.
Precision Beats Estimates on Soaring Profits
The company's adjusted EBITDA for the quarter was $112.38 million (CAD 151.2 million), up 66 percent compared to $67.71 million (CAD 91.1 million) in the comparable period in 2022.
Tellurian Eyes Upstream Asset Sale Under New Chairman
'Tellurian has been reviewing its strategy, including the dynamics of the U.S. natural gas market in the context of global LNG demand'.
Diamond Offshore Says It's Working to Recover Dropped Equipment
'We are working on plans to recover the dropped equipment from the seabed'.
