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Oil Rises on Looming US Russia Sanction Threats
Oil rose nearly 3% as traders braced for new US sanctions on Russian energy.
3:46 PM EST | July 11, 2025
ADNOC Bags 3-Year LNG Order from SEFE
ADNOC will supply Germany's state-owned SEFE 700,000 metric tons a year of LNG for three years starting 2025.
9:53 AM EST | July 11, 2025
XCF Targets $1B Global SAF Production Portfolio
XCF announced an investment plan of nearly $1 billion over the next three years to build SAF production facilities, with most of its in-the-pipeline projects in the U.S.
9:52 AM EST | July 11, 2025
Puerto Rico Board Suspends $20B New Fortress Gas Deal
Approving the contract would 'lock the island into a long-term commitment with a single supplier, potentially undermining market competition and limiting flexibility'.
9:51 AM EST | July 11, 2025
Aker Solutions Secures Troll C Preparation Job for Fram Sor Tie-In
Aker Solutions bagged a contract from Equinor to prepare the topside of Troll C to receive and process production from the Fram Sor subsea tie-in project.
9:10 AM EST | July 11, 2025
NATO Innovation Fund, Norway Invest in Robotic Offshore Assets Maintenance
The support will help Kongsberg Ferrotech, whose solutions have already been deployed by energy giants, grow its reach across NATO.
8:01 AM EST | July 11, 2025
SEFE Increases LNG Purchase from Venture Global
SEFE Energy GmbH will purchase an additional 0.75 million metric tons per annum of liquefied natural gas (LNG) from CP2 LNG for 20 years.
6:39 AM EST | July 11, 2025
Seatrium Wins FSRU Conversion Contract from Karpowership
The project involves the conversion of a liquefied natural gas (LNG) carrier into an FSRU named LNGT Turkiye.
6:00 AM EST | July 11, 2025
Masdar Joins Iberdrola's East Anglia III Wind Project offshore UK
The Emirati and Spanish companies signed a deal to co-invest EUR 5.2 billion in the under-construction 1.4-gigawatt East Anglia III wind farm in the North Sea.
5:07 AM EST | July 11, 2025
Petro-Victory to Be Acquired by Brazil's Azevedo & Travassos Energia
The transaction is intended to combine the businesses and assets of the two companies, resulting in Petro-Victory becoming a wholly owned subsidiary of ATE.
3:44 AM EST | July 11, 2025
Argentina Asks US Appeals Court to Delay YPF Turnover Order
Argentina asked a US appeals court for an emergency delay of an order requiring it to hand over by a Monday deadline its controlling stake in YPF to help satisfy a $16 billion judgment.
3:43 AM EST | July 11, 2025
Mozambique's $57B LNG Projects Get Reboot Despite Risk
TotalEnergies and Eni reportedly have readied contractors and signed agreements for preliminary work.
3:37 AM EST | July 11, 2025
Oil Teeters as Tariffs and Output Risks Unbalance Market
Oil prices fell as OPEC+ considers pausing output hikes amid trade war risks.
3:55 PM EST | July 10, 2025
EnergyX Expands Acreage in Smackover Lithium Region
'With 50,000 acres positioned adjacent to Exxon, Chevron, and Standard Lithium in the Smackover, the race is on to see who will be the first to produce commercial battery-grade lithium'.
9:56 AM EST | July 10, 2025
Chevron Shifts from Local to Centralized Hubs to Cut Costs
Chevron is reducing local and regional business units in favor of a more centralized model to improve performance and cut as much as $3 billion of costs by 2026.
9:51 AM EST | July 10, 2025
Mideast Oil Giants Say Market Needed OPEC+ Supply Surprise
'You can see that even with the increase in several months, we haven't seen a major buildup in the inventories, which means the market needed those barrels'.
9:19 AM EST | July 10, 2025
Trafigura's Greenergy Plans to Close UK Biodiesel Plant
The Immingham, Lincolnshire plant 'has continued to be negatively impacted by market factors, including slower increases in the UK's biofuels blending mandates compared to European countries and competition from subsidized US-origin products'.
8:55 AM EST | July 10, 2025
Zhang Chuanjiang Appointed as CNOOC Ltd Chairman
Since June, Zhang has been Chairman of China National Offshore Oil Corp., Chairman and President of Overseas Oil & Gas Corp. Ltd. and Chairman of CNOOC (BVI) Ltd.
8:50 AM EST | July 10, 2025
Woodside Inks LNG MOU with Hyundai Engineering, Hyundai Glovis
The agreement covers LNG project development, engineering services and shipping logistics.
8:11 AM EST | July 10, 2025
Tidewater to Sell Gas Processing Assets in Alberta
The transaction is expected to close in the third quarter, subject to customary closing conditions and certain regulatory approvals.
8:00 AM EST | July 10, 2025
NZ Needs 'Significant' Funding to Enable Conventional LNG Importation
Building LNG infrastructure in New Zealand appears to be 'more challenging than anticipated'.
5:43 AM EST | July 10, 2025
BP Sells Dutch Retail, EV Charging Assets to Catom
'The transaction includes around 300 bp-owned or branded retail sites - some with on-site EV charging infrastructure - as well as 15 operational bp pulse EV charging hubs, eight under development and the associated Dutch fleet business'.
2:30 AM EST | July 10, 2025
Uniper Sells Stake in Baltic Gas Distributor to Energy Investments
'The sale of this non-strategic minority equity participation in AS Latvijas Gaze is part of the conditions that Uniper must fulfill under EU state aid law'.
2:11 AM EST | July 10, 2025
Oil Holds Gains Despite US Crude Surge
Oil steadied as a large US crude stockpile gain was balanced by new US sanctions on Iranian exports.
5:05 PM EST | July 09, 2025
Kuwait Oil Giant Says OPEC+ Hikes Suggest Tighter Market
Kuwait's state energy company said OPEC+'s latest super-sized supply hike and recent interactions with customers suggest persistent demand growth beyond the summer driving season.
5:00 PM EST | July 09, 2025
Distressed UK Lindsey Oil Refinery Restarts Fuel Supply
The UK's Lindsey oil refinery has restarted deliveries of fuel, according to the Department for Energy Security & Net Zero.
11:40 AM EST | July 09, 2025
Who Is The Biggest Renewable Energy Generator?
Rigzone takes a closer look at the Energy Institute's latest statistical review of world energy report.
11:09 AM EST | July 09, 2025
US DOE Expands Hydropower Partnership with Norway
Norway and the U.S. will share with each other key information and technologies aimed at lowering barriers to developing marine energy and new hydropower solutions.
10:30 AM EST | July 09, 2025
US DOI Proposes Easing Regulations on Onshore Commingled Production
Combined production from multiple leases 'reduces environmental impacts, lowers operating costs and increases overall efficiency', the Interior said.
10:30 AM EST | July 09, 2025
Strathcona Closes Montney Assets Sale, Becomes Pure-Play Heavy Oil Firm
Strathcona said it is now a pure-play heavy oil company producing approximately 120,000 barrels per day with a 50-year 2P reserve life index.
9:00 AM EST | July 09, 2025
Executives Reveal Where They See Henry Hub Price Landing in Future
Executives from oil and gas firms have revealed where they expect the Henry Hub natural gas price to be at various points in the future in the second quarter Dallas Fed Energy Survey.
8:00 AM EST | July 09, 2025
Delfin Midstream Moves Closer to FID for LNG Export Project in Louisiana
Delfin entered into agreements with Siemens Energy, Samsung Heavy Industries, and Black & Veatch.
8:00 AM EST | July 09, 2025
Trican to Acquire Tubing Services Firm Iron Horse
Trican aims to acquire all of the issued and outstanding shares of Iron Horse for approximately $56.6 million (CAD 77.35 million) in cash and approximately 33.76 million common shares of Trican.
7:00 AM EST | July 09, 2025
Macquarie Strategists Forecast USA Crude Inventory Rise
Macquarie strategists are forecasting that U.S. crude inventories will be up for the week ending July 4.
6:22 AM EST | July 09, 2025
Hess Relinquishes Block 59 offshore Suriname after Failing to Find Partners
Hess decided to discontinue Block 59 exploration after failing to bring in new partners following Equinor and ExxonMobil's withdrawal.
5:31 AM EST | July 09, 2025
BP Appoints Shell Veteran to Board
BP appointed Simon Henry as a non-executive director effective September.
3:30 AM EST | July 09, 2025
Mol Eyes Ukraine Port Access to Phase Out Russian Oil
The Hungarian oil company, which faced criticism for maintaining strong reliance on Russian energy, sees a pipeline from the Ukrainian port of Odesa as its best bet at diversification.
3:14 AM EST | July 09, 2025
Petronas Ships First Cargo from LNG Canada to Japan
'LNG Canada is a critical component of PETRONAS' global LNG strategy to diversify its supply portfolio and increase market flexibility'.
3:07 AM EST | July 09, 2025
EDF, Hy24 to Pursue Green Hydrogen Project to Decarbonize Fawley Complex
Hy24, an asset manager focused on low-carbon hydrogen, plans to support more projects by EDF's Hynamics UK.
2:20 AM EST | July 09, 2025
Exxon Sees $1.5B Earnings Hit From Lower Oil, Gas Prices
Exxon Mobil Corp. expects lower oil and gas prices to reduce the company's earnings by about $1.5 billion.
5:00 PM EST | July 08, 2025
Oil Rises Again on Middle East Tensions
Oil gained for a second day as technical levels and fresh Houthi tensions lifted prices.
4:28 PM EST | July 08, 2025
Who Is The World's Top Natural Gas Consumer?
Rigzone takes a closer look at the Energy Institute's latest statistical review of world energy report.
10:51 AM EST | July 08, 2025
United Energy LNG, Power LNG Merge to Scale Up Modular Infrastructure
The companies will form 'a scalable small-scale LNG platform serving industrial, power, and transport markets across North America'.
10:30 AM EST | July 08, 2025
BP, Shell Sign Libya Deals as Majors Step Up Their Return
The British energy giants signed agreements with Libya's National Oil Corp. to study new opportunities, joining international majors accelerating their return to the oil-rich African nation.
9:55 AM EST | July 08, 2025
NW Natural Holdings Adds Two Board Members
The gas and water utility and its subsidiary Northwest Natural Gas appointed the chief of a construction firm and a sportswear executive as directors.
9:47 AM EST | July 08, 2025
Diesel's Supply Crunch Leaves Market Crying Out for Barrels
The world's biggest oil product market is hungry for barrels as traders grapple with a summer supply squeeze.
9:30 AM EST | July 08, 2025
How Close Did Iran Come to Shutting Strait of Hormuz?
Rigzone talks to several analysts.
7:44 AM EST | July 08, 2025
DNO Signs Offtake Agreement to Supply Norwegian Gas to ENGIE
The offtake agreement covers the entirety of DNO's Norwegian gas production following its acquisition of Sval Energi Group.
7:00 AM EST | July 08, 2025
Great British Energy Gets Permanent CEO
A permanent CEO for Great British Energy has been announced.
6:31 AM EST | July 08, 2025
Iberdrola Approves Supplemental Dividend for 2024
The Spanish multinational utility's 2024 shareholder remuneration now represents a 15.6 percent increase from the prior year.
5:35 AM EST | July 08, 2025
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