The latest oil and gas news from around the world.
Updated: 44 min 11 sec ago
Refinery Fires Upend Mexico Plan to Curb Oil Exports
Fire damage to Pemex's refineries has hampered its plan to keep crude supplies to produce fuels domestically.
Nigeria Puts Two Fields into Production
The projects add a combined 32,000 bpd to Nigeria's output capacity.
Eni Raises Share Buyback to $1.7B on Strong Cash Flow
Eni SpA increased its planned share buyback this year to $1.7 billion due to stronger cash flow.
Oil Swings as US Stockpiles Fall Sharply
Oil fluctuated as traders weighed a larger-than-anticipated drop in US crude stockpiles against broader risk-off sentiment.
EU Launches Financing Coalition to Achieve Energy Efficiency Targets
The European Commission launched a public-private alliance to increase investment in energy efficiency projects.
Texas Oil and Gas Production Hit Record Highs
The Texas Railroad Commission revealed that the state set records for both oil and gas production in 2023.
KBR to Provide Green Ammonia Tech for Fortescue's Norway Project
KBR will provide the technology license, proprietary engineering design, and front end engineering design (FEED) support engineering services for the Holmaneset green ammonia plant.
Tamboran, Beetaloo JV Inks Agreement to Supply Gas to Northern Territory
The initial term of the agreement is nine years starting in the first half of 2026 for a total of 131.4 petajoules.
TotalEnergies Eyes South Africa Fuel Trade With Imports Surging
Africa's most industrialized nation has long relied on fuel from abroad, but demand has grown in recent years as a string of refineries suspended output.
Nova Acquires Renewables Complex on Texas Gulf Coast
'HyFuels is “ideally situated to serve the petrochemical industry, ensuring Texas remains the global leader in this essential industry'.
KBR to Provide Phenol Tech to Sabic's Fujian Complex
KBR will provide technology licensing and proprietary engineering design for a 250 kilotons per annum (KTA) phenol plant.
Aker BP's Hanz Field in Norway Starts Production
'It is the first time that production equipment has been re-used in a new field development on the NCS'.
Dryad Says Reports Indicate Iran Intends to Disrupt Strait of Hormuz
'Iran is likely to intensify its operations in more easily controlled territory, such as the Strait of Hormuz,' Dryad said.
Galp Announces 10B Barrel Hydrocarbon in Place Estimate at Namibia Prospect
'In the Mopane complex alone, and before drilling additional exploration and appraisal wells, hydrocarbon in-place estimates are 10 billion barrels of oil equivalent, or higher,' Galp said.
Eni UK, Ithaca Energy Agree to Merge
The merger is expected to potentially give Eni a leading position in the UK continental shelf.
Europa Oil Releases Updated Irish License Emissions Report
The emissions report reaffirms that gas from Inishkea West has the potential to 'eradicate the need for higher emissions intensity gas imports from the UK for up to 3 years'.
Equinor Completes Drilling of Appraisal Well in Wisting Discovery
Well 7324/7-4 showed good reservoir quality.
Investors Insist Woodside Climate Plans Need Revision
Major investors are opposing Woodside's climate plans and the chairman's reelection.
Halliburton Sees Best Profit in 12 Years Amid Smaller Shale
Halliburton posted its best earnings for a first quarter in a dozen years.
Oil Rises Above $83 on Risk On Sentiment
Oil gained as the prospect of looser monetary policy countered a decreasing premium for geopolitical risk.
