The latest oil and gas news from around the world.
Updated: 1 min 44 sec ago
Ovintiv Sells Anadarko Assets following NuVista Merger
'This transaction marks a significant milestone by focusing our portfolio, delivering on our debt target and unlocking increased returns to our shareholders', said CEO Brendan McCracken.
Texas Based E&P Firm to Deploy Up To $1B in 2026
The company revealed that it will 'focus the bulk of its capital expanding its high-quality inventory in the Permian Basin'.
JERA Seals Haynesville Acquisition
The transaction, involving about 81 square miles on Louisiana's side of the shale gas basin, included an upfront investment of $1.5 billion by the Japanese company.
Strategists See 5MM Barrel WoW USA Crude Stock Rise
Macquarie strategists projected that U.S. crude inventories will be up by 5.4 million barrels for the week ending February 13.
Devon Posts Lower Quarterly Profit
The Delaware-basin focused oil and gas producer logged $0.82 in net earnings per share adjusted for extraordinary or nonrecurring items, beating the Zacks Consensus Estimate of $0.81 per share.
Santos to Axe 10 Pct of Workers after Decline in Annual Profit
The layoffs will include short-term staff and contractors as major projects are completed and the company pursues cost savings, CEO Kevin Gallagher said.
Woodside Reports Increase in Reserves
The Australian LNG-focused said its proven and probable reserves grew last year, with three billion barrels of oil equivalent remaining at yearend.
Crude Dips On Iran Deal Signals
WTI slipped near $62 while markets weighed Iran and global supply signals.
Icy Baltic Threatens to Cut Russian Exports
The most extensive sea ice in 15 years around Russia's key Baltic Sea commodity ports could curb a chunk of the nation's vast exports program.
Analyst Says Bearish Gas Risks Growing
EBW Analytics Group Energy Analyst Eli Rubin warned that 'bearish' medium-term NYMEX gas risks are 'growing into the Spring'.
Santos Wins in Greenwashing Case by ACCR
The Australasian Center for Corporate Responsibility lost a landmark case before Australia's Federal Court in which it accused Santos of deceptive climate claims.
Saudi Oil Sales to China Up
Saudi Arabia's crude sales to top importer China for loading in March rose.
Equinor Makes Discovery Near Gullfaks
Preliminary estimates placed the size of the discovery at 1.3-3.8 million oil-equivalent barrels, the Norwegian Offshore Directorate said.
EIA Still Sees USA Oil Output Falling Next Year
The EIA is forecasting that total U.S. crude oil production will drop from 2026 to 2027.
Eni Scores New 'Significant' Discovery offshore Ivory Coast
The Italian energy major declared a 'significant' gas and condensate discovery in the waters of Cote d'Ivoire through the first exploration well in Block CI-501.
UK Oil Regulator Launches New Digital Strategy
The NSTA has announced the launch of a new digital and data strategy.
Chevron Wins Four Exploration Blocks in Greek Mediterranean
Two of the blocks are in the south of the island of Crete and two are in the Peloponnese peninsula.
Croatian PM Skeptical about Hungarian Request on Russian Oil
'There is an exemption that allows Hungary to buy Russian crude but there is also a system of US sanctions that says something completely opposite', Plenkovic said.
TBI Says UK Should Change North Sea Oil and Gas Policy
The UK should rethink its approach to oil and gas in the North Sea, allowing exploration drilling and easing taxes for the industry, according to a report from the Tony Blair Institute.
EBW Warned of Faltering Gas Demand Heading into Holiday Weekend
EBW Energy Analyst Eli Rubin warned of 'faltering demand' heading into the President's Day holiday weekend.
