The latest oil and gas news from around the world.
Updated: 19 sec ago
Vitol Mulls Office in Tokyo for Power Trading
Vitol is exploring options to trade physical electricity which may include setting up a domestic office in Japan.
Seatrium Bags Contract for Solvang's CCS Retrofit
Seatrium will deliver the full-scale retrofit of a seven-megawatt CCS system on Solvang's ethylene carrier Clipper Eris.
OPEC+ Oil-Cut Laggards Pledge Compliance With Targets
Iraq and Kazakhstan pledged compliance with new OPEC+ oil targets.
Oil Rises on Broader Risk On Sentiment
Oil rose as risk-on sentiment in broader markets cajoled traders back into crude, overpowering the International Energy Agency's forecast for slowing demand growth.
USA Compression Boasts Record Revenues for Q4
The company saw high market demand for compression services.
US Earmarks $60MM for First Selections under Grant for Advanced Geothermal
The U.S. DOE has selected three projects for potential funding of up to $60 million in the first rollout of a financing program for the demonstration of the viability of advanced geothermal energy.
EIA Reports USA Crude Oil Stock Increase on Valentine's Day
Crude oil stocks in the U.S., not including the SPR, stood at 439.5 million barrels on February 9.
Top Envoy Says Philippines Won't Back Down on Sea Claims
'We still will maintain our position of defending our sovereign rights wherever they are applicable'.
EWE, Gascade to Develop Hydrogen Pipeline in Europe
In the long term, the transport corridor will connect five neighboring European countries and accelerate national and international hydrogen expansion.
Phillips 66 Agrees to Expand Board in U-Turn
Phillips 66 appointed a new independent director and will name another member to the board in the coming months.
API Files Petition Challenging Biden Admin's Oil and Gas Leasing Program
'This administration has used every tool at its disposal to restrict access to vast energy resources in federal waters', says API Senior Vice President and General Counsel Ryan Meyers.
Jadestone Doubles Stake in Western Australia Oil Fields
As a result of the $9 million transaction, Jadestone has doubled its non-operated working interest in the CWLH fields to 33.33 percent.
Standard Chartered Reveals Where It Thinks Brent Oil Price Should Be
Analysts at Standard Chartered said they still do not think crude oil prices fully reflect the rapid tightening of the market or the recent escalation of geopolitical risk.
Expro to Acquire Well Tech Firm Coretrax for $210MM
Coretrax provides performance drilling tools and wellbore cleanup, well integrity and production optimization solutions.
Hyliion Narrows Losses in 2023
The company reported a net loss of $123.5 million versus a net loss of $153.3 million for 2022.
EU Launches Alliance to Develop Advanced Nuclear Reactors
The European Commission has opened applications for membership in a new alliance to accelerate the development of small modular reactors.
Oil and Gas Firms Offshore Norway Seen Spending More in 2024
Oil and gas companies operating off the Norwegian coast are expected to spend an estimated $23 billion this year.
Woodside Progresses Trion with Another Regulator Approval
The Trion oil and gas project has received social impact assessment approval from the Mexican Ministry of Energy.
India Will Begin Discussions to Join IEA
India will begin talks to become a full member of the International Energy Agency.
Oil Falls as US Stockpiles Grow by 12 Million Barrels
Oil dropped after the US reported crude inventories rose 12 million barrels last week, the most since November.
