The latest oil and gas news from around the world.
Updated: 40 min 46 sec ago
Petronas Names New COO
Petroliam Nasional Bhd. appointed Mohd Jukris Abdul Wahab as its new chief operating officer.
Batistas Poised for Venezuelan Oil Revival
The billionaire Batista brothers are eyeing a billion-barrel Venezuelan oil project that stands to benefit from U.S. President Donald Trump's planned revival of the South American nation's energy sector.
Reliance Posts Refining Gains despite Sourcing Challenges
'Agile crude sourcing helped sustain throughput despite procurement challenges'.
Why Is the USA Natural Gas Price Rising Today?
Rigzone talks to several analysts.
Var Energi Raises Estimates for New Barents Sea Oil Discovery
'A tie-back to the nearby Goliat FPSO is being planned, targeting first production in 2019'.
Where Will the WTI Oil Price Land in 2026 and 2027?
According to the U.S. Energy Information Administration's latest short term energy outlook, the West Texas Intermediate spot price average will drop in 2026 and 2027.
Leviathan Partners Approve Expansion Project
Chevron and its local partners agreed on a $2.36-billion final investment decision for stage 1 of a project to raise production in the Leviathan gas and condensate field offshore Israel.
Azerbaijan Starts Sending Gas to Austria, Germany via TAP Pipeline
Azerbaijan this month began supplying natural gas to Germany and Austria via Italy using the Trans-Adriatic Pipeline, SOCAR said.
Philippines Makes Discovery Near Dwindling Malampaya
The discovered reservoir is estimated to contain around 98 billion cubic feet of gas, equivalent to almost 14 billion kilowatt hours of electricity per year, President Marcos said.
Enverus Warns of 'Contrasting Market Dynamics' in 2026
In its 2026 energy outlook report, Enverus warned that this year is 'likely to be characterized by contrasting market dynamics'.
Kolibri Reports Increased Flows at New Oklahoma Wells
Kolibri reported improved flow rates at the Barnes and Velin wells in Oklahoma's Tishomingo field.
Veteran Gas Executive Leaving Mercuria
Steve Hill is leaving the trading house.
Crude Settles Higher After Volatile Week
Reduced fears of immediate US action against Iran eased risk premiums, limiting crude gains.
Valero to Cut 200+ Jobs as California Refinery Closes
Valero Energy Corp. plans to let go of 237 employees at its Benicia refinery.
USA Crude Oil Stocks Rise More Than 3MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 422.4 million barrels on January 9, according to the EIA's latest weekly petroleum status report.
Hamm to Halt Drilling in Bakken Shale
Harold Hamm said he's about to shut down drilling in North Dakota's Bakken for the first time in decades because of low crude prices.
ENGIE, Ares Add 730 MW to Joint RE Portfolio in US
Los Angeles-based investor Ares and French utility ENGIE added one wind and two solar projects already operating in the ERCOT market to their renewable energy partnership in the U.S.
EIA Sees Brent Price Dropping in 2026, 2027
The U.S. Energy Information Administration projected that the Brent spot average price will drop in 2026 and 2027 in its latest short term energy outlook.
Mitsubishi to Acquire Haynesville Shale Assets for $5.2B
Mitsubishi announced a deal to acquire producing shale gas positions in Louisiana and Texas from operators related to Aethon Energy Management for $5.2 billion.
ADNOC CEO Made Honorary Fellow of EI
'It's an honor and a privilege to be made an honorary fellow of the Energy Institute', Sultan Ahmed Al Jaber said.
