The latest oil and gas news from around the world.
Updated: 27 min 51 sec ago
Shale Giant Says Threat of Oil Glut Is Receding
As recently as mid-December, the prevailing outlook among respected oil watchers was that a huge surfeit was in the making that would send crude prices tumbling.
Saipem Bags Aramco Deal Worth Around $500MM
Saipem said this new award reinforces its long-standing presence in Saudi Arabia.
Trump Eyes Post-State of the Union Texas Trip
President Donald Trump will head to Texas on Friday.
Infinity Completes $1.2B Utica Acquisition from Antero
In pro forma terms, Infinity said the acquisition propels it to a leading operator position in the basin.
How Full Is the USA Strategic Petroleum Reserve?
Just how full is the U.S. Strategic Petroleum Reserve?
Oil Market Remains Firmly in Wait and See Mode
The oil market 'remains firmly in wait and see mode', according to SEB Commodities Analyst Ole R. Hvalbye.
Murphy Oil Hits Another Dry Well in Ivorian Campaign
Murphy Oil's first two wells in a three-well exploration campaign offshore Cote d'Ivoire have turned up dry.
Hungary and Slovakia Block New EU Sanctions against Russia
The EU failed to approve a fresh round of sanctions against Russia as Hungary and Slovakia, who accuse Ukraine of disrupting oil deliveries from Russia, halted the measures.
Tidewater to Acquire Wilson Sons Ultratug Offshore
'The Brazilian offshore vessel market is one of the largest and most compelling in the world', Quintin Kneen, CEO of Houston-based Tidewater, said of the acquisition.
TotalEnergies to Supply US LNG to Ukraine via German Terminal
Naftogaz said it is set to receive LNG via a terminal in Germany for the first time, opening up a new route for the import of gas into Ukraine.
Oil Resilient Amid Middle East Tensions
Banks said the rally reflects risk premiums rather than tight physical supply.
Oil Cos Get Supreme Court Hearing on Climate Suits
The U.S. Supreme Court agreed to hear an appeal by Exxon Mobil Corp. and Suncor Energy Inc. in an industry bid to stop dozens of city and state lawsuits that blame oil companies for climate change.
ConocoPhillips Considers Selling Permian Assets Worth $2B
ConocoPhillips is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, according to people familiar with the matter.
North America Adds Rigs Week on Week
North America added two rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Saipem Pilots AI System on Ultra Deepwater Drillship
'Continuous data analysis allows for the timely detection of any anomalies and the planning of targeted interventions, increasing reliability and safety', Saipem said.
Ghana Parliament Ratifies Extension of Tullow Licenses
Ghana's parliament ratified the extension of the West Cape Three Points and Deepwater Tano offshore licenses, which contain the producing Jubilee and TEN fields, operator Tullow said.
Uniper to Supply Gujarat with 0.5 MMtpa of LNG for 10 Years
Deliveries are scheduled to start January 2028 and would be received at LNG terminals on the west coast of India.
BP, Eni Fire Up New Field offshore Angola
Ndungu, part of the Agogo Integrated West Hub Project in the Lower Congo Basin, has a capacity of 60,000 bpd.
Analysts Examine What Tariff Decision Means for Oil
'The stick is now the same size for everyone', Rystad Chief Economist Claudio Galimberti warned.
Norway Gas Output Dips Month on Month
Norway's average gas production of about 13 billion cubic feet a day last month was down 0.9 percent from December 2025 but up 4.8 percent from January 2025.
