The latest oil and gas news from around the world.
Updated: 41 min 40 sec ago
Trading Giants Seek Big Asia Buyers for Venezuelan Oil
Vitol and Trafigura are in talks with large Indian and Chinese refiners over potential sales of Venezuelan crude, days after they obtained a preliminary green light from the U.S. to market the oil.
Oil Jumps as Iran Tensions Escalate
Oil prices jumped to their highest level since December as unrest in Iran raised fears of supply disruptions.
Democrats Put Alaska Senate Seat in Play
Former Alaska Representative Mary Peltola launched a campaign Monday to challenge Republican Dan Sullivan for one of Alaska's Senate seats.
North America Adds Almost 100 Rigs Week on Week
North America added 94 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Trump Says He's Inclined to Exclude XOM From Venezuela
President Donald Trump signaled he's leaning toward excluding Exxon Mobil Corp. from his push for U.S. oil majors to rebuild Venezuela's petroleum industry.
Intensity, Rainbow Near FID on North Dakota Gas Pipeline
Intensity Infrastructure Partners and Rainbow Energy indicated they are nearing a positive final investment decision on a new pipeline project to bring Bakken natural gas to eastern North Dakota.
WoodMac Sees USA Tight Oil Output Shrinking in 2026
'We expect output to fall', analysts at Wood Mackenzie said.
Tamboran Names New CEO
The Australian company appointed Todd Abbott, former chief operating officer of Seneca Resources, as chief executive effective January 15.
OPEC Receives Updated Compensation Plans from 4 Countries
The OPEC Secretariat has received updated compensation plans from Iraq, the United Arab Emirates, Kazakhstan, and Oman.
Iberdrola Completes Its Biggest Transmission Line in Brazil
The Spanish utility fully energized a 1,600-kilometer transmission line between the north of Minas Gerais state and Sao Paulo.
TotalEnergies Gets New Block around Lebanon-Israel Border
TotalEnergies and its partners in Block 9 have signed an agreement with the government to enter the adjacent Block 8 around the Israeli-Lebanese maritime border.
Ukraine Strikes Lukoil Drilling Platforms in Caspian Sea
Ukraine targeted three drilling platforms in the Caspian Sea owned by Russian oil major Lukoil.
Uniper Gets Tolling Rights for 30 MW Arneburg Battery
Neoen signed a seven-year deal granting Uniper the full tolling rights for the 30-megawatt/78-MW-hour Arneburg Battery in Saxony-Anhalt, Germany.
Venezuela Oil Being Held at Sea Swells
The volume of Venezuelan crude floating at sea has spiked to the highest level in more than three years.
Iran Turmoil Pushes Oil to Weekly Gain Streak
Oil prices rose for a third week as unrest in Iran heightened geopolitical risk.
Russia's Crude Output in December Made Deep Plunge
Russia's crude oil production plunged by the most in 18 months in December.
Texas Oil, Gas Industry Employed Nearly 500K Texans in 2025
The Texas oil and natural gas industry employed 495,501 Texans last year, according to TXOGA's 2025 Energy and Economic Impact report.
Burgum Says VEN Oil Revival Won't Rely on Funding From USA
The Trump administration is unlikely to provide financial support to help U.S. oil companies revitalize Venezuela's oil sector, Interior Secretary Doug Burgum said Friday.
Nodal Hits Record Annual Volumes in Power, Environmental Markets
The derivatives trading platform for North American commodity markets saw 3.1 billion megawatt hours of power futures and 749,222 lots of environmental futures and options traded in 2025.
30 Pct of Oil Reserves Might be Consolidated Under US Influence
Around 30 percent of global oil reserves might be consolidated under U.S. influence, J.P. Morgan analysts stated.
