The latest oil and gas news from around the world.
Updated: 3 min 8 sec ago
Shipping Route for Kazakhstani, Russian Oil Offline Due to Glut, Weather
The CPC export system, already reeling from a boat attack, suspended acceptance and transshipment at its Black Sea terminal due to adverse weather and glutting at storage facilities.
Covestro Names New Chair as ADNOC Takes Over
Rainer Seele, president of chemicals at ADNOC's XRG, has assumed the role of chair of the supervisory board at Covestro following the resignation of Richard Pott.
Oil Ends Year With Steepest Loss Since 2020
Oil finished the year sharply lower as global supply continues to outpace demand.
NNPC Plans to Develop New Oil Fields to Boost Production
Nigeria's state-owned oil producer plans to develop new oil fields from next year and seeks to raise at least $30 billion by the end of the decade, senior officials familiar with the plans said.
Europe Gas Heads for Sharp Drop as LNG Surge Calms Market
European natural gas prices are heading for a sharp annual drop despite unusually low inventories.
Execs Predict Where Henry Hub Price Will Land in Future
Executives from oil and gas firms have revealed where they expect the Henry Hub natural gas price to be at various points in the future in the fourth quarter Dallas Fed Energy Survey.
Consortium Eyes Integrated Partnership for Advanced Nuclear in US
'We see this as a potential America-first model that combines U.S. resources, digital infrastructure and scalable markets'.
Energy Professionals Recognized in UK New Year Honors List
Several energy professionals have been recognized in the 2026 New Year Honors List.
Alphabet to Take Over Intersect in $4.75B Data Center Deal
Google's parent company signed an agreement to acquire Intersect, a data center and energy infrastructure solutions provider, for $4.75 billion in cash plus assumed debt.
USA Crude Oil Stocks Increase
Crude oil stocks, not including the SPR, stood at 424.8 million barrels on December 19, the EIA's latest weekly petroleum status report showed.
Antler to Farm Out 40 Percent in Equatoguinean Block to Fuhai
Antler would retain a 40 percent operating stake, while securing funding to drill the Barracuda prospect.
Chevron Starts Up Tieback offshore Angola
South N'dola will supply oil and gas to domestic plants.
Ukrainian Strikes on Russian Energy Assets Hit Monthly Record
Ukraine ratcheted up attacks on Russian energy infrastructure this month, hitting the most assets and the widest range of targets since the war began.
Buru Closing In On Rafael Financing
'The process has attracted international and domestic parties who are undertaking detailed due diligence on the opportunity to participate in a high-value business with significant growth opportunities'.
Oil Pauses Ahead of OPEC+ Meeting
US stockpiles climbed sharply, reinforcing concerns that supply is outpacing demand.
Delegates Say OPEC+ Likely to Confirm Oil Production Pause
Key members led by Saudi Arabia and Russia will hold a monthly video conference on January 4.
January NatGas Contract Lifts Off into Final Settlement
Eli Rubin, an energy analyst at EBW Analytics Group, highlighted that the January natural gas contract 'lifted off into final settlement yesterday'.
Venezuela Starts Shutting Oil Wells
Venezuela started shutting wells in a region that holds the world's largest deposits of oil.
Buru Says Attracted Potential Investors for Rafael Appraisal
'The process has attracted international and domestic parties who are undertaking detailed due diligence on the opportunity to participate in a high-value business with significant growth opportunities'.
Repsol Grows Iberian Network of Renewable Diesel Stations to Over 1,500
'With this achievement, Repsol consolidates its position as the most relevant 100 percent renewable fuel networks in Europe, reaching more than 210 million liters sold so far this year'.
