The latest oil and gas news from around the world.
Updated: 21 min 32 sec ago
Norway Posts Higher Monthly Gas Production
Norway produced about 12.38 billion cubic feet per day of natural gas in July, up for the second consecutive month on a sequential basis, according to preliminary official figures.
USA Crude Oil Stocks See Another Build
Crude oil stocks, not including the SPR, stood at 428.8 million barrels on August 14, the EIA's latest weekly petroleum status report showed.
Monumental Closes In on New Exploration Block in New Zealand
Monumental and its partners have identified gas prospects in the prospective area in the Taranaki Basin.
Oil Giants Eye Jurassic Rocks off Mexico
Latin America's two biggest oil companies are betting big on a high-risk effort.
Equinor to Enter Namibia by Joining Chevron Exploration Campaign
Equinor signed an agreement to acquire a 17.4 percent stake in Petroleum Exploration License 90 on the Namibian side of the offshore Orange Basin from operator Chevron.
Who Were the Top USA Drillers, Customers in 1Q 2026?
Enverus announced that it has released its latest rankings of the most active U.S. land drilling contractors and drilling customers.
EIA Sees Oil Crunch in 2026, Glut in 2027
The U.S. Energy Information Administration is predicting an oil market crunch in 2026 and a glut in 2027.
Aramco, Maaden Sign Agreement for Transition Minerals JV
The Saudi state-owned companies signed an agreement to create a joint venture to explore and mine copper and other energy transition minerals at home.
Trump Targets Iran Trade Partners
The U.S. president announced plans to subject Iran to an 'economic D-Day'.
Diesel Margins Top $100 a Barrel to Reach Record High
The margin for making diesel from crude oil in the U.S. has soared to more than $100 a barrel.
Oil Gains as Refinery Demand Surges
Crude gained as Gulf tensions intensified while US refiners boosted oil consumption.
3 Chinese Supertankers Abort Hormuz Attempt
Three China-linked supertankers have U-turned in the strait as risks to shipping remain elevated, with prospects for a normalization of traffic dimming after President Donald Trump took a hard line on Iran.
Kino Aski, Marinvest Propose Canadian LNG Project to Supply Europe
'In a period of global energy instability, Kino Aski LNG will establish a reliable, secure, short-distance energy corridor between North America and Europe'.
Latest Gulf Sale Generates $82MM in High Bids
The DOI announced that the Big Beautiful Gulf 3 lease sale, or BBG3, generated $82.6 million in high bids for 59 blocks in federal waters of the Gulf of America.
Saudis Give Full Oil Allocations to at Least 3 Europe Buyers
Saudi Aramco has notified at least three European oil refiners that will supply full contractual crude volumes next month.
Aker BP to Take Over Undeveloped Discoveries from Apache, ConocoPhillips
Aker BP signed separate agreements to acquire operating stakes in the Losgann discovery on the United Kingdom's side of the North Sea and the Slagugle area in the Norwegian Sea.
Flex LNG Logs Highest Quarterly Revenue in 5 Years
'We are entering an interesting and potentially volatile period for the LNG shipping market, with the balance between continued fleet growth and competition on LNG volumes between Europe and Asia'.
EIA Lowers Henry Hub Gas Price Forecasts
According to its new STEO, the EIA now sees the Henry Hub spot price averaging $3.44 per million British thermal units in 2026.
Shell Taps SLB for Production Restarts offshore Brunei
SLB received a contract from Brunei Shell Petroleum to reactivate shut-in wells across multiple offshore fields.
North Sea Operators Back Decom Charter
Signatories include BP, Shell, and Eni.
