The latest oil and gas news from around the world.
Updated: 10 sec ago
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.
Equinor Dishes Out Supplier Agreements Worth $10B
'These agreements lay the foundation for safe and competitive operations at Equinor's offshore installations and onshore plants in the years to come', Equinor said.
Iberdrola Ups Dividend after Reaching $146B Capitalization
'In order to implement this new edition of the remuneration system, a capital increase with a maximum reference market value of EUR 1.713 billion will be carried out'.
National Grid Unveils New Plan for Anglo-Dutch Cable Link
The power transmission and distribution operator said it would launch an eight-week public consultation for its new plan for the LionLink interconnector to start underground in Suffolk's Walberswick.
Shell Expects Weak Oil Trading Result for Q4
The update comes at a time when the oil market is lurching into an oversupply that could make for challenging trading conditions in the months ahead.
Oil Prices Jump as Short Covering Builds
Traders reacted to Iran tensions, positioning shifts, and supply uncertainty.
Survey Shows OPEC Held Supply Flat Last Month
The Saudis and seven of their main OPEC+ partners will hold a video conference on Feb. 1 to review output policy for the months ahead.
USA Crude Oil Stocks Drop Nearly 4MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 419.1 million barrels on January 2, the EIA's latest weekly petroleum status report showed.
China's Top Oil Firms Turn to Beijing for Guidance on VEN
Leading Chinese oil companies with interests in Venezuela have asked Beijing for guidance on how to protect their investments.
Honeywell to Supply Technology for Commonwealth LNG
Commonwealth LNG main contractor Technip Energies tapped Honeywell for integrated liquefied natural gas pretreatment and liquefaction solutions for the Louisiana project.
Could Venezuela Production Get Back to 3MM Barrels Per Day?
Could Venezuelan oil production get back to three million barrels per day?
OMV Secures Austrian Funding for 140 MW Green Hydrogen Plant
OMV signed a EUR 123-million funding deal with government bank Austria Wirtschaftsservice for a 140-megawatt renewable hydrogen project in Lower Austria.
ADNOC Greenlights SARB Deep Gas Development
ADNOC announced a Final Investment Decision (FID) for the SARB Deep Gas Development.
Mexico to Continue Shipping Oil to Cuba after Maduro Ouster
President Sheinbaum described Mexican oil shipments in part as humanitarian aid.
Uniper Launches Sale of Helium Business
'The transaction perimeter will comprise a portfolio of international helium purchase, sale and storage agreements, and a fleet of 11,000-gallon helium ISO containers'.
Mexico to Continue Oil Exports to Cuba after Maduro Ouster
President Sheinbaum described Mexican oil shipments in part as humanitarian aid.
BP, Corteva Launch Biofuel Feedstock JV
'Etlas aims to produce one million metric tonnes of feedstock per year by the mid-2030s, which could produce over 800 thousand tonnes of biofuel'.
WTI Drops as US Markets Venezuela Oil
Oil prices fell as the US moved to market Venezuelan crude amid an oversupplied market.
USA Seizes 2 More Ships
U.S. forces seized two more sanctioned oil tankers as part of its energy quarantine of Venezuela.
