The latest oil and gas news from around the world.
Updated: 25 min 39 sec ago
European Commission Warns Five States over RE, Electricity Rules Compliance
The European Commission has issued fresh warnings to five member states over their purported shortcomings in adopting EU directives on renewable energy and the power market.
Repsol Acquires Stakes in Two Venezuela Fields
Repsol signed a deal with PDVSA that adds two fields to its operations, which in the next few months are expected to produce 20,000 bpd.
Afentra Progresses Angola Stake Acquisition
Afentra PLC has received approval from the Angolan government for the acquisition of a 12 percent non-operating interest in Block 3/05 and a 16 percent non-operating interest in Block 3/05A.
Oil Posts Weekly Gain as Market Tightens
Oil rose this week amid signs of a tightening physical market while traders continue to assess lingering Middle East risks.
Sintana to Acquire Stake in Namibia Orange Basin Blocks
The acquisition provides Sintana with 'an attractive entry into a high impact license with significant upside'.
Matador Boosts YOY Profit, Production in First Quarter
The year-over-year increase is due not only to the Advance Energy acquisition that closed in April 2023 but also to increased production from new wells.
DOI Earmarks $37MM to Plug Orphan Wells in 3 States
The grants are the first phase of formula grant funding for Kentucky, Mississippi, and Missouri to clean up legacy pollution.
Biden Rules on Fossil Fuel Plants Collide with Power Demand
A new regulation will force coal plants to capture nearly all of their CO2 emissions - or close - by 2039, with similar pollution cuts for many of the new gas-fired plants built to replace them.
Chevron Veteran Satterwhite Named New President of EnergyX
EnergyX brought former Chevron veteran Allen Satterwhite to its executive team.
Baker Hughes Posts $6.4B in Quarterly Revenue
Baker Hughes increased its quarterly revenue 12 percent year-on-year driven by the Middle East and Asia.
TotalEnergies, Trident Energy Reshuffle Stakes in Congo-Brazzaville
The reshuffle is part of a suite of transactions that will see Chevron exit the Moho-Bilondo, Nkossa and Nsoko II fields.
TotalEnergies Teams Up with Vanguard Renewables for RNG Projects
TotalEnergies and Vanguard Renewables plan to build 10 RNG projects over the next 12 months with a total annual capacity of 0.8 TWh.
Woodside Investors Vote Down Climate Strategy but Reelects Chair
The majority of Woodside shareholders voted against its climate strategy but decided to retain chair Richard Goyder on the board.
EU Mulls Sanctions on Russian LNG Projects, Transshipments
The EU is discussing with member states proposals to sanction key Russian LNG projects and a ban on using EU ports to re-export supplies destined for third countries.
Petrobras Investors Agree $4.3B in Dividends after Drama
A seven-week tug of war over Petrobras' dividends wound up with the company delivering a $4.3 billion payout to investors.
India Grants Marine Insurance Approval for Russian Firms
India has granted marine insurance approval to four Russian firms.
Oil Rises on Weaker US Dollar
Oil erased earlier losses to top $83 a barrel as a weaker dollar boosted commodities priced in the currency.
BOEM, BSEE Finalize Rules for USA Offshore Wind
The final rule 'increases certainty and reduces the costs associated with the deployment of offshore wind projects'.
Avangrid Posts Higher Q1 Profit
Avangrid posted $351 million in net income.
Canada Gas Firm Bags Venezuela Contracts but Stumbles on US Sanctions
LNG Energy Group said it intends to comply with the reimposition of U.S. sanctions against Venezuela.
