The latest oil and gas news from around the world.
Updated: 1 hour 7 min ago
Canada's Cryopeak, Ferus Merge LNG Operations
Cryopeak and Ferus have combined their operations eyeing to lead Canada's LNG sector.
Woodside, Santos Planned Merger Fails after Price Disagreement
'Sufficient combination benefits were not identified to support a merger'.
Venezuela Oil Industry Fears Losing Ground if USA Revives Sanctions
Venezuelan President Nicolas Maduro is betting the U.S. won't revive all of its sanctions as he backslides on a promise of free elections.
Oil Rises as Traders Weigh Red Sea Risks Against Fedspeak
Oil edged higher in rangebound trading as investors weighed shifting risks in the Middle East against hawkish comments from the Federal Reserve.
Imperial Sees Record Quarterly Production but Profit Down on Lower Prices
'Fourth quarter results reflect strong operating performance, which was more than offset by weaker commodity prices'.
Magnitude 5.1 Earthquake Hits Oklahoma
A magnitude 5.1 earthquake occurred eight kilometers northwest of Prague, Oklahoma.
Secure Closes $850MM Sale of Oilfield Waste Facilities
Secure Energy Services Inc. has closed the sale of the facilities formerly owned by Tervita Corporation to Waste Connections, Inc., in a transaction mandated by Canada's Competition Tribunal.
GlobalData Says North America Leads Long Term LNG Deals
'Energy companies in North America continue to bet on strong long-term LNG demand'.
DOE Eyes Delek Carbon Capture Pilot in Texas for Funding
The project will deploy Svante Technologies Inc.'s second-generation carbon capture technology at Delek's Big Spring refinery.
Trade Association Data Shows Texas Oil, Gas Employs Almost 500,000 People
In 2023, the Texas oil and natural gas industry employed 480,176 people, according to the Texas Oil & Gas Association.
BP Accelerates Share Buybacks as New CEO Woos Investors
BP said it will repurchase $1.75 billion of shares each quarter in the first half of the year.
Kemira Completes Divestment of Oil and Gas Portfolio
Helsinki-based Kemira Oyj has completed the divestment of its oil and gas-related portfolio to Sterling Specialty Chemicals LLC, a U.S. subsidiary of Indian industrial chemicals company Artek Group.
EIB Grants $204MM Loan for RESA Energy Transition
The loan will be used to help the Belgian power and gas utility implement its industrial plan for 2023-2026.
BP Appoints New CFO
Kate Thompson has been appointed as BP's CFO and will join the company's board with immediate effect.
Shell Joins Wave Power Project in Scotland
The $2.51 million (GBP 2 million) project powers subsea equipment off the coast of Orkney, Scotland, through a combination of wave power and subsea energy storage.
Eni to Grow Gas Production while Engaging in Decarbonization in Indonesia
Eni presented to the Widodo government its natural gas expansion plans for Indonesia and at the same time signed an agreement with the energy ministry for energy transition cooperation.
BP-Leased Oil Rig Pipe Drops to Sea Floor in North Atlantic
No one was injured and no crude leaked into the ocean.
Rig Leased to BP Sinks off UK Coast during Storm
No one was injured and no crude leaked into the ocean.
EU Lengthens Duration of Contracts under Joint Gas Purchasing Platform
EU natural gas buyers participating in the bloc's coordinated gas purchasing platform can now offer six-month contracts for potential suppliers during a buyer-vendor partnership of up to five years.
Silver Hill to Enter Bakken with Liberty Acquisition
The acquisition, expected to close on March 14, will provide PDP reserves of approximately 16 million barrels of oil equivalent.
