Genel to Acquire Capricorn for $360 Million
The merger will see the British company, whose production comes from Iraq's Kurdistan region, expand into Egypt in the Sahara desert.
Which Countries Produce and Consume the Most Natural Gas?
Rigzone examines the Energy Institute's latest statistical review of world energy report, which was released recently.
Petronas Makes New Discoveries offshore Suriname
Malaysia's national oil and gas company said it has now drilled 8 successful wells with combined recoverable resources of over 1 billion barrels of oil equivalent in the South American country.
Iran Struggles to Woo Oil Buyers before US Waiver Expires
A hoard of Iranian oil is building up at sea, as the Islamic Republic struggles to find buyers before the expiry of a 60-day window granted by Washington.
Saudis Make Rare Spot Oil Sales
Saudi Arabia is taking the unusual step of selling millions of barrels of oil on an ad-hoc basis to customers in Asia.
Crude Extends Losses on Glut Fears
Oil prices fell as recovering Strait of Hormuz traffic and rising global supplies reinforced expectations of an oversupplied market.
Equinor, Var Energi to Swap Stakes in Norwegian North Sea
Var Energi and Equinor entered into a swap agreement to realign their investments in the Gjoa and Troll-Farm areas on Norway's side of the North Sea, which they said would support faster tieback developments.
Oil Execs Predict Future WTI Oil Prices
Executives from oil and gas firms revealed where they expect the West Texas Intermediate crude oil price to be at various points in the future in the second quarter Dallas Fed Energy Survey.
LNG Trade Could Match 2025 despite Mideast Crisis, Shell Says
'The ramp up of new liquefaction facilities in North America, improved performance at existing plants and slower Asian imports of LNG have partially offset the impact of reduced supply from the Middle East'.
Eni, Mercuria Agree to Join Forces in Commodity Trading
Italian oil company Eni SpA and commodity merchant Mercuria Energy Group Ltd. signed an agreement to join forces in trading.
BP Sees More Leadership Changes
BP PLC announced the retirement of newly appointed deputy chief executive Carol Howle and named 2 new executive vice presidents from within its ranks.
Trump Tells Gasoline Retailers to Cut Prices Immediately
In a statement posted on his Truth Social page on Tuesday, U.S. President Donald J. Trump ordered U.S. gasoline retailers to cut their prices 'immediately'.
