The latest oil and gas news from around the world.
Updated: 1 hour 14 min ago
All Middle East Energy Assets at Risk, StanChart Warns
'The marked escalation in the U.S.-Iran conflict over the past week puts all energy assets and infrastructure in the region at risk', Standard Chartered Bank Energy Research Head Emily Ashford warned.
Iberdrola Sells SP Dataserve to Bluewater
'The sale of this non-core subsidiary forms part of Iberdrola's active portfolio management strategy, which focuses on strengthening its core businesses and optimizing capital allocation'.
Serica Completes Greater Laggan Acquisition from TotalEnergies
'The acquisition delivers a new operated hub for Serica in the West of Shetland basin with current net production of just over 5,000 boepd'.
India Taxes Fuel Exports
India has announced a series of tax changes including a levy on fuel exports, as the country tries to shield consumers from the impact of a deepening conflict in the Middle East that has upended energy supply.
Iran Oil Revenue Soars
Iran has likely earned hundreds of millions of dollars of extra income from oil sales since the start of the war.
Oil Climbs as Hormuz Disruption Deepens
Oil surged as uncertainty over Iran talks and Strait of Hormuz disruptions intensified supply concerns.
New Zealand Receives Application for Canterbury Hydrocarbon Prospecting
The application follows the removal of the petroleum exploration ban late 2025, after which two exploration permit applications have progressed to government assessment.
E&Ps Flag Iran War in Latest Dallas Fed Energy Survey
The Iran war was highlighted by several exploration and production companies in the 'comments' section of the first quarter 2026 Dallas Fed Energy Survey.
Petrofac Says UK Tax Authorities Won't Appeal Ruling in Creditor Deal
Petrofac said it had received confirmation from HM Revenue and Customs that the UK tax agency will not appeal a Scottish court ruling that upheld an agreement between Petrofac and certain creditors.
Ukraine Says It Attacked Russia's Kirishi Refinery
Ukraine said it targeted a key Russian export-oriented oil refinery in the Leningrad region overnight.
What Does the Oil Futures Curve Show?
Rigzone talks to several analysts.
CNOOC Ltd Achieves New Production Record
CNOOC Ltd, majority-owned by China National Offshore Oil Corp, reported 777.3 million barrels of oil equivalent, or 2.13 MMboe a day, in net production last year.
Rystad Issues Oil Warning
'The floor has moved up, so has the ceiling', Rystad Energy said.
2 Danish Wind Projects Get European Commission Approval for $5.8B State Aid
'The combined annual production of these two wind farms will represent the equivalent of around 25 percent of last year's total electricity production in Denmark'.
Philippines Takes Delivery of Russian Oil after US Waiver
Philippine refiner Petron received a shipment of Russian oil, according to its chief executive, after the U.S. issued a waiver allowing the purchase of the crude.
Crude Falls as Iran Talks Confuse Market
Traders pulled back amid volatile swings tied to conflicting war and diplomacy developments.
Chevron Warns California Risks Energy Crisis Due to Iran War
Chevron Corp. is warning that California is careening toward an energy crisis because of the Iran war.
USA Shale Producers Not Poised to Quickly Boost Output
U.S. shale producers 'are not poised to quickly ramp up production', according to Matthew Bernstein, Rystad Energy VP North America Oil & Gas.
Key Russian Port Pauses Oil Loading after Drone Strike
Russia's Ust-Luga port on the Baltic Sea has halted crude loadings as Ukraine carried out the most intense air strike on its foe in more than a year, setting some of the port facilities on fire.
Equinor Starts Drilling for $9B Gas Development offshore Brazil
'The project is Equinor's largest international investment to date, totaling around $9 billion'.
