The latest oil and gas news from around the world.
Updated: 3 min 15 sec ago
Strategists See USA Crude Stocks Rising Over 6MM Barrels WoW
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 6.5 million barrels for the week ending February 6.
USA Allows Oilfield Contractors to Go to Work in VEN Fields
The U.S. government issued a general license to allow oilfield-service companies to work in Venezuela.
Oil Edges Down
Oil slid in a choppy session.
Equinor Divesting Full Onshore Position in Vaca Muerta Basin
'This transaction strengthens Equinor's financial flexibility', said Philippe Mathieu, executive vice president for Exploration & Production International at Equinor.
USA Boards Venezuela-Linked Oil Tanker
U.S. forces boarded an oil tanker after a cat-and-mouse chase from the Caribbean to the Indian Ocean, the Pentagon said.
Expand CEO Steps Down
Expand Energy Corp. said Domenic 'Nick' Dell'Osso, Jr. stepped down as chief executive officer.
India Seizes Three Tankers
The Indian Coast Guard seized three tankers that it said were involved in oil smuggling.
BofA Report Compares Big Oil Cos
In a BofA Global Research report sent to Rigzone last month, analysts offered a comparison of global 'big oil' companies.
Transocean to Buy Valaris in Near $6B Deal
'The powerful combination is well-timed to capitalize on an emerging, multi-year offshore drilling upcycle', said Keelan Adamson, Transocean President and Chief Executive Officer.
BP Halts Share Buybacks
BP Plc is halting share buybacks to shore up its balance sheet.
Oil Settles Higher as Hormuz Risks Resurface
Oil prices closed higher after the US warned ships to avoid Iranian waters near the Strait of Hormuz.
OEUK Flags 'Prolonged Bout of Severe Weather' in North Sea
'Although we get this sort of weather every two or three years or so, it can be quite uncomfortable', OEUK Health and Safety Manager Graham Skinner said.
Vitol Pushes Back Peak Oil Demand Forecast
The world's largest independent oil trader Vitol Group said oil demand will take longer to peak than it previously estimated.
Russia Crude Output Shrinks
Russia's crude output declined for a second straight month in January.
North America Increases Rig Count
North America added one rig week on week, according to Baker Hughes' latest North America rotary rig count.
ADNOC Gas Announces 'Record' Net Income
ADNOC Gas plc announced a 'record' net income of $5.2 billion for 2025.
More Indian Refiners Take Venezuelan Oil
Indian Oil Corp. and Hindustan Petroleum Corp. jointly bought a cargo of Venezuelan crude.
USA Natural Gas Extends Decline
U.S. natural gas dropped for a second session on the outlook for warmer temperatures across large parts of the country.
Oil Servicers Look to Middle East for Growth
The world's largest oilfield-service providers are looking to production increases in the Middle East to help offset a slowdown in U.S. shale.
Phillips 66 to Cut Nearly 300 Jobs as LA Refinery Shuts
Phillips 66 will lay off around half of its employees at its sole remaining oil refinery in California after shuttering operations.
