The latest oil and gas news from around the world.
Updated: 3 min 44 sec ago
Tidewater to Acquire Wilson Sons Ultratug Offshore
'The Brazilian offshore vessel market is one of the largest and most compelling in the world', Quintin Kneen, CEO of Houston-based Tidewater, said of the acquisition.
TotalEnergies to Supply US LNG to Ukraine via German Terminal
Naftogaz said it is set to receive LNG via a terminal in Germany for the first time, opening up a new route for the import of gas into Ukraine.
Oil Resilient Amid Middle East Tensions
Banks said the rally reflects risk premiums rather than tight physical supply.
Oil Cos Get Supreme Court Hearing on Climate Suits
The U.S. Supreme Court agreed to hear an appeal by Exxon Mobil Corp. and Suncor Energy Inc. in an industry bid to stop dozens of city and state lawsuits that blame oil companies for climate change.
ConocoPhillips Considers Selling Permian Assets Worth $2B
ConocoPhillips is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, according to people familiar with the matter.
North America Adds Rigs Week on Week
North America added two rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Saipem Pilots AI System on Ultra Deepwater Drillship
'Continuous data analysis allows for the timely detection of any anomalies and the planning of targeted interventions, increasing reliability and safety', Saipem said.
Ghana Parliament Ratifies Extension of Tullow Licenses
Ghana's parliament ratified the extension of the West Cape Three Points and Deepwater Tano offshore licenses, which contain the producing Jubilee and TEN fields, operator Tullow said.
Uniper to Supply Gujarat with 0.5 MMtpa of LNG for 10 Years
Deliveries are scheduled to start January 2028 and would be received at LNG terminals on the west coast of India.
BP, Eni Fire Up New Field offshore Angola
Ndungu, part of the Agogo Integrated West Hub Project in the Lower Congo Basin, has a capacity of 60,000 bpd.
Analysts Examine What Tariff Decision Means for Oil
'The stick is now the same size for everyone', Rystad Chief Economist Claudio Galimberti warned.
Norway Gas Output Dips Month on Month
Norway's average gas production of about 13 billion cubic feet a day last month was down 0.9 percent from December 2025 but up 4.8 percent from January 2025.
UK Plans to Cut Carbon Costs for Refineries after Closures
The government is looking to include refining in its UK Carbon Border Adjustment Mechanism, which will impose a charge on imports of goods with weaker environmental standards.
Gas Distributor Superior Logs Higher Q4 Profit
Superior, which operates in Canada and the U.S., saw higher propane volumes and lower operating costs.
YPF Chief Readies War Chest for Shale Push
YPF SA is setting aside funds to keep spending in the fast-growing Vaca Muerta basin even if oil prices fall this year.
Oil Holds Near Six-Month High
Geopolitical tensions and falling inventories supported crude.
Canada's Oil Sands Poised for Mega Merger
Canada's oil patch is ripe for a mega merger, analysts say.
Surging Oil Tanker Rates Tipped to Go Even Higher
The cost to hire oil supertankers could be headed for the highest levels this decade.
USA Crude Oil Stocks Drop 9MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 419.8 million barrels on February 13, the EIA highlighted in its latest weekly petroleum status report.
Midwest Utility Alliant Posts Higher Annual Profit on Rate Increases
The power and gas utility benefited from 'increased revenue requirements from authorized rate base increases, reflecting ongoing capital investments in generation and energy storage'.
