The latest oil and gas news from around the world.
Updated: 1 hour 12 min ago
New Bloomberg Study Warns of $150 Oil
'An escalation to a direct war between Israel and Iran could result in oil prices rising to $150 a barrel'.
Pembina Renews Buyback Program
The approved normal course issuer bid provides for the buyback of nearly 29 million shares.
Nigeria Racks Up Production Capacity
NNPC put onstream OML 13 in Akwa Ibom State, the third oil project to have been started up in Nigeria in weeks.
Adnoc Gas Posts 15 Percent Rise in Revenue
Adnoc Gas reported $6 billion in quarterly revenue driven by domestic demand.
Petrobras Curbs Investor Payouts amid Political Pressure
Brazil's state-controlled oil giant is curbing shareholder payouts after a political blowup over its dividends.
Trump Vows Day One Executive Order Targeting Offshore Wind
Donald Trump vowed to issue an executive order targeting offshore wind development if he wins a second term as president.
Oil Rises While Locked in Narrow Range
Oil edged higher as signs of a tighter market vied with decreased geopolitical risks to keep prices locked in a narrow band.
Kinetik to Acquire Durango, Inks 15-Year Gas Services Agreement
Durango's assets, located in Eddy, Lea and Chaves Counties, New Mexico, include approximately 2,400 miles of gas gathering pipelines and approximately 220 MMcfpd of processing capacity.
Pathways Appoints Former MEG Energy CEO as Executive Chair
'His extensive experience in the oil sands industry spans operations through to executive strategy'.
North America Rig Losses Continue
North America dropped six rigs week on week, according to Baker Hughes' latest rotary rig count.
Enbridge Beats First-Quarter Estimates
'The continued need for safe, reliable, and affordable energy drove high utilization across our footprint'.
What EU Sanctions on Russian LNG Would Mean for Global Gas
The latest plan involves banning the use of European Union ports for re-exporting liquefied natural gas.
VTTI to Acquire 50 Percent Stake in Dragon LNG
'This acquisition reflects our commitment to diversify into LNG as a transitional energy source'.
US DOE Unveils Preliminary Areas for Grid Expansion
The first phase of the National Interest Electric Transmission Corridors program is now complete with the release of potential regions for grid expansion.
USA EIA Lowers Brent Oil Price Forecasts
The U.S. Energy Information Administration lowered its Brent oil price forecast for 2024 and 2025 in its latest short term energy outlook.
GlobalData Says Digital Twins Are Becoming Mainstay in Oil and Gas Ops
GlobalData's thematic intelligence center estimates that the global digital twins market will be worth $154 billion by 2030.
GeoPark to Supply Vitol with Oil from Colombia's Llanos 34 Block
Vitol signed an agreement for at least 20,000 bopd from GeoPark's Block Llanos 34 onshore Colombia.
China Raises Coal, Gas Imports amid Low Prices
China is taking advantage of lower international prices for coal and natural gas to replenish stockpiles of power fuels ahead of another long, hot summer.
88 Energy Awards Namibia 2D Seismic Job to Polaris
Polasris has been tasked with acquiring a minimum of 124-line miles of low-impact 2D seismic.
Crew Energy Posts Lower Income
The Montney play-focused natural gas producer reported $10.6 million in net profit for the first quarter.
