The latest oil and gas news from around the world.
Updated: 37 min 1 sec ago
Data Center Electricity Use Surges
Data center electricity use surged in 2025, the International Energy Agency (IEA) said.
Iberdrola Raises Generation Capacity to Nearly 59GW
The Spanish company's U.S. portfolio saw the biggest growth (+693MW), while battery energy storage led growth by technology across Iberdrola's global portfolio.
Oil Down on Friday, Up on Monday
SEB Chief Commodities Analyst Bjarne Schieldrop warned that the U.S.-Iran ceasefire is expiring on Tuesday.
Eni Declares 'Giant' Gas Discovery offshore Indonesia
'Preliminary estimates indicate in-place resources of approximately 5 trillion cubic feet of gas and 300 million barrels of condensate in the encountered interval'.
Hormuz at Standstill as US Seizes Iran Vessel
Commercial traffic through the strait is at a virtual standstill after a brief and confused reopening ended with the first U.S. seizure of an Iranian vessel.
Repsol, Venezuela Agree Terms for Production Increase
Under the new agreement with the government and state-owned PdVSA, Repsol would grow its Venezuelan gross production by 50 percent within 12 months and triple it over the next three years.
Magyar Says Druzhba Oil Flows Could Resume Next Week
The pipeline, which brings Russian oil via Ukraine to central Europe, has been inoperative since January.
Energy Prices Sink on Hormuz News
Oil and gas prices plunged as Iran signaled a temporary reopening of the Strait of Hormuz, easing supply fears.
EagleRock Files for IPO
EagleRock Land LLC filed for an initial public offering.
EIA Raises USA Fuel Price Projections for 2026, 2027
'Higher crude oil prices are leading to higher prices at the pump for gasoline and diesel', the EIA said.
Iran Says Hormuz Strait Now Completely Open
Iran announced that the Strait of Hormuz is now 'completely open' for commercial traffic.
Calcasieu Pass LNG Secures $1.75B Loan
Venture Global used part of the proceeds from the senior secured, term loan B facility to redeem preferred equity interests issued to Stonepeak Bayou Holdings II.
Oil Prices Could Remain Under Pressure
Oil prices could remain under pressure amid hopes of a diplomatic breakthrough in the Middle East, BankPro CEO Paolo Broccardo said.
Buru Gets New Funding Commitment for Rafael Gas Project
Buru received commitment for a two-tranche institutional share offering that would raise around $3.8 million for the Rafael Gas Project in Western Australia.
Spirit Energy Reveals Proposal to Restructure UK Organization
'We are committed to supporting all our colleagues throughout the consultation process', Spirit Energy said.
Gazprom Starts Up New Oil Project at Urengoy in West Siberia
The Russian state-owned company achieved commercial oil production from the sixth block of the Achimov deposits of the Urengoyskoye field in the West Siberian basin.
Pakistan Oil Tanker Is First to Cross Hormuz since US Blockade
A Pakistan-flagged tanker that entered the Persian Gulf over the weekend has become the first carrier to exit through the Strait of Hormuz with a crude cargo since a U.S. blockade began.
Crude Gains as Hormuz Blockade Persists
Traders remain cautious as ceasefire optimism clashes with severe supply constraints and global economic concerns.
Trump List of Saved Projects Spares $5B Hydrogen Hubs
The Trump administration plans to preserve billions of dollars in funding for hydrogen ventures and other projects previously earmarked for termination.
Chevron Expands Heavy Oil Footprint in Venezuela
In an asset swap, PDVSA agreed to sell a 13.21 percent stake in the Petroindependencia JV to Chevron, whose ownership would increase to 49 percent.
