Industry News

Equinor signed a 15-year agreement with Uniper to supply over 30 terawatt hours a year of natural gas to Germany.

Brent crude has seen another volatile month of trading, analysts at BMI highlighted.

Iran's oil shipments to Asia have all but dried up, driving the cost of those cargoes to the highest levels in years even before the U.S. administration announces fresh moves to isolate Tehran and its trading partners.

The Spring, Texas-based supermajor is seeking to invest billions of dollars in a new oil project at the nation's Kashagan development, a step that would help to cushion a slide in production at Tengiz, its top deposit.

U.S. refiners are facing a looming supply drop from their biggest foreign crude supplier at a time when they need the oil the most.

Crude extended its rally as Asian demand strengthened while the Iran conflict continued to constrain global supplies.

'It would be better to end the war today, when we have power and dignity, and with the whole world acknowledging our victory', Masoud Pezeshkian said, according to the semi-official Iranian Students' News Agency.

The Justice Department claimed 'a significant victory for President Trump's efforts to unleash American energy'.

The Styrke union warned of an immediate strike should negotiations with the Federation of Norwegian Aviation Industries do not result in an agreement.

Buru said it plans to build a mini-refinery to supply the Kimberley region as part of a new sales model for the remaining volumes in the Ungani field in the Canning Basin.

ORLEN signed a three-year agreement to buy five to more than nine million metric tons a year of crude oil from Norway.

Dangote Group has offered East African countries a 30 percent equity stake in the giant refinery planned for the region, according to Kenyan President William Ruto's top economic adviser.

Shipowners including Sinokor Group are helping Saudi Arabian crude exit the Red Sea via the safer northern route, as Iran-backed militants target the kingdom's exports via the Bab el Mandeb chokepoint in the south.

Oil climbed to a one-month high as new US threats against Iran raised fears of a prolonged conflict.

Billionaire shale pioneer Harold Hamm's Continental Resources Inc. signed agreements to buy half of an Argentinian shale oil firm owned by Mercuria Energy Group.

Norway produced about 12.38 billion cubic feet per day of natural gas in July, up for the second consecutive month on a sequential basis, according to preliminary official figures.

Crude oil stocks, not including the SPR, stood at 428.8 million barrels on August 14, the EIA's latest weekly petroleum status report showed.

Monumental and its partners have identified gas prospects in the prospective area in the Taranaki Basin.

Latin America's two biggest oil companies are betting big on a high-risk effort.

Equinor signed an agreement to acquire a 17.4 percent stake in Petroleum Exploration License 90 on the Namibian side of the offshore Orange Basin from operator Chevron.