The latest oil and gas news from around the world.
Updated: 39 min 36 sec ago
Equinor Makes Discovery Near Gullfaks
Preliminary estimates placed the size of the discovery at 1.3-3.8 million oil-equivalent barrels, the Norwegian Offshore Directorate said.
EIA Still Sees USA Oil Output Falling Next Year
The EIA is forecasting that total U.S. crude oil production will drop from 2026 to 2027.
Eni Scores New 'Significant' Discovery offshore Ivory Coast
The Italian energy major declared a 'significant' gas and condensate discovery in the waters of Cote d'Ivoire through the first exploration well in Block CI-501.
UK Oil Regulator Launches New Digital Strategy
The NSTA has announced the launch of a new digital and data strategy.
Chevron Wins Four Exploration Blocks in Greek Mediterranean
Two of the blocks are in the south of the island of Crete and two are in the Peloponnese peninsula.
Croatian PM Skeptical about Hungarian Request on Russian Oil
'There is an exemption that allows Hungary to buy Russian crude but there is also a system of US sanctions that says something completely opposite', Plenkovic said.
TBI Says UK Should Change North Sea Oil and Gas Policy
The UK should rethink its approach to oil and gas in the North Sea, allowing exploration drilling and easing taxes for the industry, according to a report from the Tony Blair Institute.
EBW Warned of Faltering Gas Demand Heading into Holiday Weekend
EBW Energy Analyst Eli Rubin warned of 'faltering demand' heading into the President's Day holiday weekend.
Gasoline-Starved California Turning to Fuel From Bahamas
U.S. supplies of gasoline are being shipped out of the country to travel thousands of miles via the Bahamas before finally ending up in California.
North America Drops 6 Rigs Week on Week
North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Aramco Commits to 1 MMtpa for 20 Years from Commonwealth LNG
Aramco Trading signed a 20-year agreement to buy one million metric tons per annum of liquefied natural gas from the under-development Commonwealth LNG in Louisiana.
Enbridge Q4 Profit Up YoY
Enbridge cited 'favorable gas transmission contracting' compared to the fourth quarter of 2024.
Analyst Highlights Focus of IEW Event
IEW, which was hosted by the Energy Institute, took place from February 10-12 at the QEII Center in London.
Hungary Asks Croatia to Allow Russian Crude Shipments
Hungary requested that Croatia allow the shipment of Russian crude via the Adriatic pipeline while a key route through Ukraine remains blocked, Hungary's foreign affairs minister said.
Philippines Announces New Project Pipeline under 10-Year RE Auction
The DOE announced new award plans under a 10-year auction for renewable energy development, with over 3,200 MW of non-floating solar capacity targeted to be built between 2027 and 2028.
BP, Eni Discover More Oil offshore Angola
'The Algaita-01 results build on a long successful track record of 22 discoveries, once again confirming the exceptional effectiveness of the petroleum system in Block 15/06'.
Naftogaz Seeks USA Funds to Renovate Destroyed Plants
At least ¢ã3 billion ($3.5 billion) of damage has been done to Ukraine's facilities, with equipment needs exceeding ¢ã900 million, according to the company.
VEN Plans to Grant More Oil Blocks to Chevron and Repsol
Chevron and Repsol already have extensive holdings in Venezuela.
Oil Posts Second Straight Weekly Drop
Oil recorded its first consecutive weekly decline of the year as supply concerns resurfaced.
Baker Hughes Explores $1.5B Sale of Waygate Unit
Baker Hughes Co. is exploring a potential sale of its Waygate Technologies unit, which provides industrial testing and inspection equipment, people with knowledge of the matter said.
