The latest oil and gas news from around the world.
Updated: 9 min 55 sec ago
Holtum Says LNG Projects Need New Financing Playbook
Trafigura Group Chief Executive Officer Richard Holtum said the liquefied natural gas industry needs a 'bit of innovation' when it comes to financing projects.
Texas Upstream Employment Rises
TIPRO said employment in the Texas upstream sector increased between November and December 2025.
Strategists Forecast Week on Week USA Crude Inventory Rise
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will increase week on week.
Equinor Reduces Share Buyback
Equinor ASA reined in its share buyback after fourth-quarter profit missed analyst estimates.
Oil Ends Day Higher After Drone Incident
Crude prices rose after a drone incident and renewed Strait of Hormuz concerns.
Trump Cuts India Tariffs
President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil.
Iran Risk Hands Oil Algos Early Test
Algorithmic traders have racked up a third straight year of losses in oil.
Devon, Coterra Sign 'Blockbuster' Merger Deal
Devon Energy and Coterra Energy announced the signing of a definitive agreement to merge in an all-stock transaction.
USA Flagged Oil Tanker Hailed by Iranian Ships in Hormuz
An oil tanker that's part of a US-military fuel procurement program was hailed by small armed ships in the Strait of Hormuz off Iran's coast.
USA Flagged Oil Tanker Hailed by Armed Ships in Hormuz
An oil tanker that's part of a US-military fuel procurement program was hailed by small armed ships in the Strait of Hormuz off Iran's coast on Tuesday.
UK Navy Says Ship Hailed by Armed Vessels in Hormuz
A vessel was hailed by smaller armed ships in the Strait of Hormuz, a UK naval group said.
USA Upstream M&A Regains Momentum
'After a midyear slowdown, U.S. upstream M&A regained momentum in 4Q25', EIR said.
North America Adds 3 Rigs WoW
North America added three rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Major LNG Players Skip Qatar Conference
Some of the liquefied natural gas industry's biggest companies are skipping a key conference in Qatar.
Oil Closes Sharply Lower as Iran Risk Fades
Oil prices plunged as easing Iran tensions erased geopolitical risk premiums and sparked a broader commodities selloff.
Trump Says He Welcomes China, India Investment in VEN Oil
President Donald Trump said Saturday he welcomed investment by China and India in Venezuela's oil industry.
Trump to Launch $12B Critical Mineral Stockpile
President Donald Trump is set to launch a strategic critical-minerals stockpile with $12 billion in seed money.
Texas Upstream Oil, Gas Employment Was Steady in 2025
'Through November 2025, upstream employment totaled 201,200 jobs', TXOGA said.
OPEC+ 8 Reaffirm Decision to Pause Output Hikes
Eight OPEC+ countries met virtually on February 1 'to review global market conditions and outlook', a statement posted on OPEC's site highlighted.
Analysts Explain Energy 'Bloodbath'
Rigzone talks to several analysts.
