The latest oil and gas news from around the world.
Updated: 14 min 17 sec ago
Suncor Sells Assets off Canadian East Coast to Ithaca
Ithaca Energy agreed to buy Suncor Energy's stakes in oil projects offshore Newfoundland and Labrador for up to $1.11 billion.
USA Continues Strategic Petroleum Reserve Release
'The United States continues to lead the coordinated efforts to stabilize oil markets for the benefit of Americans and people around the world', U.S. Secretary of Energy Chris Wright said.
Buru Launches Approval Process for Western Australian Gas Project
Buru referred the Rafael Gas Project to Western Australia's Environmental Protection Authority, which will open a comment period before deciding to assess the proposed development onshore the Canning Basin.
OPEC+ 7 Reveal Production Plan for November
A statement posted on OPEC's website revealed Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman's production plan for next month.
Iran Oil Minister Quits as Exports Dry Up
Iran's Oil Minister Mohsen Paknejad resigned citing personal reasons, as the Islamic Republic tries to sustain its oil industry under a tightening U.S. blockade.
Uniper, Biotrend Plan to Produce Biogas in Turkiye for Europe
'The cooperation with Biotrend could open up a new source of renewable gas for European markets while further diversifying Uniper's portfolio'.
Getting Oil Through Hormuz Is a Risky Job
The transits are a lifeline to gulf energy producers and a boon to shipowners and commodity traders who stand to reap billions of dollars from the trade.
Oil Falls as G7 Taps Emergency Supplies
Diesel and oil prices fell as G7 nations moved to release emergency supplies.
Canada PM Invokes New Powers to Fast-Track Oil Pipeline
Prime Minister Mark Carney is expediting regulatory approval for a new, high-capacity oil pipeline to expand Canada's access to Asian markets.
USA Crude Oil Stocks Rise Almost 1MM Barrels WoW
Commercial crude oil stocks, not including the SPR, came in at 427.320 million barrels on September 25, the EIA's latest weekly petroleum status report showed.
ConocoPhillips Joins Venture Global's Long-Term LNG Buyers
ConocoPhillips agreed to buy one million metric tons a year of liquefied natural gas from Venture Global for 20 years from 2030.
Gunvor Renames Itself
Commodities trader Gunvor Group renamed itself.
Iberdrola, GIC Expand Brazilian Power Transmission JV
Neoenergia Transmissao now has about 4,170 miles of transmission lines and an asset value of around $4.88 billion, Spain's Iberdrola said.
Latest Dallas Fed Survey Reveals Theme Among Respondents
Volatility, instability, uncertainty - these were some of the words used in a comment section of the third quarter Dallas Fed Energy Survey, outlining a theme among respondents.
Oil Prices Come Under Pressure
Analysts at BMI, a unit of Fitch Solutions, noted that oil prices have 'come under pressure' heading into the fourth quarter.
Chevron Replenishes Exploration Stake in Namibian Orange Basin
Operator Chevron will acquire Custos' 10 percent stake in PEL 90, partly offsetting the U.S. energy giant's pending farm-out to Equinor.
Iran Wants Sanctions Eased to Allow Back Nuclear Inspectors
The concession could help break deadlocked peace talks with the U.S.
India Oil Refiners Shift Tactics
Indian oil refiners are hiring tankers to sail through the Strait of Hormuz to pick up crude from within the Persian Gulf.
Oil Jumps on Renewed Conflict Fears
Oil surged above $100 as renewed US-Iran tensions heightened concerns about Middle East supply disruptions.
OneSubsea to Deliver Production Systems for Rovuma LNG
The SLB joint venture received a contract from ExxonMobil to deliver subsea production systems for phase 1 of the planned Rovuma LNG project in Mozambique.
