The latest oil and gas news from around the world.
Updated: 14 min 27 sec ago
South Korea Takes Steps toward Potential Alaska LNG Investment
The South Korean government has agreed to continue working with the United States government on a potential investment in the Alaska LNG project by the major gas-importing country, as part of their trade deal.
Rep, Dem Senators Release Bipartisan Permitting Bill
Senators Mike Lee, Shelley Moore Capito, Martin Heinrich, and Sheldon Whitehouse have released the Bipartisan American Affordability and Jobs Act.
Europe Holds Emergency Diesel Talks
Key European nations are holding emergency talks on how to respond to U.S. pressure to release strategic fuel reserves.
Amplitude Energy Goes Ahead with East Coast Supply Project
To be developed using existing infrastructure, ECSP is expected to begin production 2028.
Analysts Look at WTI-Brent Spread
Rigzone talks to analysts from the PRICE Futures Group and B. Riley Wealth.
Eni's Renewables Arm Gets Capital Raise under New Shareholding Structure
Eni and Ares completed a transaction to inject new capital into the business that holds the Italian oil and gas major's renewable energy assets.
JPM Flags 'Remarkable Recovery' for Oil Market
The Middle East's oil export arteries are flowing again, analysts at J.P. Morgan said.
China Fuel Exporters Cancel Some Cargoes
Chinese fuel exporters have canceled some oil-product cargoes slated for export in October, as Asia's top consumer prioritizes domestic supply during an extended period of upheaval in global energy markets.
Iraq Deepens October Crude Price Discounts
Iraq's state oil marketer offered buyers contractual crude supplies for October at discounts of as much as $37 a barrel to regional benchmarks, according to a document obtained by Bloomberg.
Oil Futures Rise Despite Increasing Flows
Middle East oil flows are nearing pre-war levels as shipments through Hormuz and alternative routes rebound.
Analyst Flags 'Dizzying Volatility' for NatGas
Eli Rubin, an energy analyst at EBW Analytics Group, flagged 'dizzying volatility into October final settlement'.
Cheniere Notches 22-Year LNG Contract to Supply Petrobras
Earlier Sempra announced a 20-year agreement to also supply about 0.8 MMtpa of LNG to the Brazilian state-owned company.
China Oil Comeback Loses Steam
A nascent recovery in Chinese oil demand has begun to falter.
MidOcean Confirms Participation in LNG Canada
'MidOcean's participation in phase 2 will increase associated LNG volumes, from 0.7 mtpa to 1.4 mtpa, and deepen its position across the integrated LNG value chain, spanning upstream gas production in the North Montney and liquefaction and export'.
KKR Backs New Indian Storage Terminals Developer
The New York City-based asset manager committed 'a majority investment' in Cisternina Logistics, which is developing liquid and gas storage terminals in India.
WTI Discount to Brent Deepens
'The spread is not just the result of Brent acquiring more geopolitical premium', Standard Chartered Bank Energy Research Head Emily Ashford said.
Leviathan's Israeli Owners Cancel $6.7B Domestic Supply Deal
Chevron's local partners in Israel's Leviathan gas and condensate field binned a potential contract to supply natural gas from the Mediterranean project to two planned domestic power plants.
Russia Extends Diesel Export Ban through October
Russia extended a ban on most diesel exports through October, further tightening the global market just as demand rises ahead of the Northern Hemisphere winter and the U.S. considers its own restrictions on exports.
Great British Energy Opens Its Doors in Aberdeen
The publicly owned energy company hosted a reception at its recently opened headquarters in Marischal Square.
Russia Extends Diesel Export Ban until October
Russia extended a ban on most diesel exports through October, further tightening the global market just as demand rises ahead of the Northern Hemisphere winter and the U.S. considers its own restrictions on exports.
