The latest oil and gas news from around the world.
Updated: 4 min 33 sec ago
VEN Fuel Retailers Press Gov to Hike Pump Prices
Venezuela's gasoline retailers declared a national 'emergency' following six years of scant profit margins.
Why Is the Oil Price Rising Today?
Rigzone talks to several analysts.
Tanker Carrying Russian Oil Diverts From Cuba
A tanker believed to be carrying Russian oil to fuel-starved Cuba diverted away.
TotalEnergies Set to Commit to 20-Year Purchase from Alaska LNG
'Alaska LNG offers a unique Pacific orientation that complements TotalEnergies' supply strategy and provides Asian customers with direct access to U.S. gas'.
Venture Global Scores Its 1st Long-Term LNG Deal in South Korea
Venture Global signed a 20-year deal to sell 1.5 million metric tons per annum of U.S. LNG to Hanwha Aerospace.
BOEM Eyes California Offshore Drilling
BOEM has announced its intent to prepare a programmatic environmental impact statement for proposed oil and gas lease sales in the Northern, Central and Southern California Planning Areas of the OCS.
Oil Market Is Nervous for the Coming Weekend
'The market is getting nervous for what might happen during the weekend', SEB analysts warned.
Oil Producers Negotiate Ending Windfall Tax with UK Government
The UK Treasury is considering scrapping a windfall tax on North Sea oil and gas following persistent pushback from producers, according to a person familiar with the matter.
Aramco Starts Gas Production at Jafurah
The Middle East's biggest unconventional gas field is expected to reach two billion cubic feet per day of gas sales capacity by 2030.
Oil Settles Mixed as Iran Talks Continue
Crude prices eased despite cautious optimism surrounding ongoing talks in Geneva.
BP Goes Big on Shale Oil Drilling
BP Plc is aggressively expanding shale drilling.
DOE Announces $171MM to Expand USA Geothermal Energy
The DOE said the U.S. leads the world in geothermal electricity capacity.
DOE Awards Record Loans of Nearly $27B to Alabama, Georgia Utilities
Southern Co's Alabama Power and Georgia Power have secured a total of up to $26.54 billion in loans from the DOE, which would lower the cost of the utilities' grid investment.
Momentum Midstream Explores Sale That Could Fetch $5B
EnCap Flatrock Midstream is considering a sale of gas pipeline company Momentum Midstream for over $5 billion, according to people familiar with the matter.
Eni Approves Project to Enable Biofuel Production at Pavia Refinery
The Italian company expects to start up the biorefinery, designed to process up to 550,000 metric tons a year of feedstock, in 2028.
USA Crude Oil Stocks Jump 16MM Barrels Week on Week
Crude oil stocks, not including the SPR, stood at 435.8 million barrels on February 20, the EIA's latest weekly petroleum status report showed.
Seatrium Doubles Annual Profit
The Singapore-based offshore energy contractor reported around $256 million in net profit for 2025, up 106 percent from 2024.
Biggest Oil Cos Need to Find 22MM Bpd by 2040
'The main industry players can't spend their way out of the problem', Wood Mackenzie warned.
ENGIE to Acquire UK Power Networks for $14B
ENGIE signed an agreement to buy UK Power Networks at an equity value of around $14 billion, part of the French multinational utility's efforts to expand its predictable revenue base.
Saudi Arabia, Iran Boost Oil Exports amid Rising Mideast Tensions
Saudi Arabia is on course to export the most crude in almost three years this month, while Iran has been rapidly filling up tankers in recent days.
