The latest oil and gas news from around the world.
Updated: 20 min 54 sec ago
National Grid Unveils NW London Upgrade Project
National Grid announced a project to upgrade and add capacity to the electricity infrastructure between Sundon in Bedfordshire and St John's Wood in London.
Uniper Expands Power Business to Mid-Market Segment
Uniper is now offering electricity to companies that consume at least one million kilowatt hours a year.
War in Lebanon Escalates
Lebanon saw its deadliest day of fighting in months, heaping pressure on stalled U.S.-Iran negotiations while Washington prepares fresh economic measures.
Diversified Said to Close In on Birch Deal
Diversified Energy is in advanced talks to acquire Elliott Investment Management-backed oil and gas company Birch Resources for more than $1.7 billion in cash, according to people familiar with the matter.
Shell Loses Long Court Fight for South African Exploration
The oil major won't be allowed to renew an exploration right off South Africa's rugged Indian Ocean Wild Coast, the Constitutional Court ruled.
Oil Rises as US Threatens Iran
Oil rose as the US threatened new economic pressure on Iran while uncertainty over the Strait of Hormuz persisted.
Indian Refiners in Panic Buying Mode
Indian state-owned refiners are rushing to procure spot crude unusually far in advance as Ukrainian attacks on Russian energy assets and a stalemate over the Strait of Hormuz make supplies increasingly uncertain.
Parts of Russia Running Out of Fuel amid Refinery Attacks
Several regions of Russia are facing fuel shortages again after Ukraine resumed almost daily attacks on oil refineries in the country.
Bernhard Completes Acquisition of New Mexico Gas from Emera
Bernhard Capital Partners completed the acquisition of New Mexico's biggest regulated natural gas utility from Emera for around $1.25 billion.
ConocoPhillips Starts Production at New Alaska Oil Project
'ConocoPhillips Alaska invests approximately $1 billion each year to sustain and grow its Alaska legacy assets through projects such as Coyote'.
Argentina LNG Seeks Government Incentives
The Argentina LNG consortium filed an application for the government's Large Investment Incentive Regime.
BP Wins New Venezuela License
BP estimates four trillion cubic feet of recoverable gas resources in the project, part of the Plataforma Deltana area, and expects to deliver it 'in parallel with phase 1'.
US to Soon Unveil Unprecedented Sanctions on Iran
The move will be part of a 'one-two punch' that includes the continued blockade of Iran's ports, Treasury Secretary Scott Bessent said.
India Seeks More USA LPG
India's state-owned refiners are in talks to secure more U.S. liquefied petroleum gas under annual contracts for next year.
Oil Falls as Iran Talks Remain Stalled
Crude retreated as traders assessed Hormuz shipments and rising US inventories.
EIA Predicts Record Annual USA Oil Output in 2026
The U.S. Energy Information Administration projected that annual U.S. oil production will hit a record this year.
Ship Pays $4MM to Skip Line to Cross Panama Canal
A container ship paid $4 million to cut the line at the Panama Canal.
Presidio Forms AI Engineering Team
Presidio assembled an engineering team dedicated to developing and deploying artificial intelligence workflows tailored to oil and gas producers.
Global Refining System Has Little Spare Room Left
The global refining system has little spare room left to respond, Daniel Evans, Global Head of Fuels and Refining Research at S&P Global Energy, said in analysis piece.
USA Gasoline Price Breaks Records
Patrick De Haan, Head of Petroleum Analysis at GasBuddy, announced that the U.S. gasoline price had broken a couple of records.
