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Eni, Petronas Launch Southeast Asian Gas JV
The 50:50 joint venture, which combines Petronas and Eni assets in Indonesia and Malaysia, launches with a production base of 300,000 boed and aims to grow to over 500,000 boed over the next 3 years.
8:15 AM EST | June 10, 2026
War Erases 1B Barrels of Cumulative Oil Supply from Market
'Cumulative losses have now reached one billion barrels and are on track to nearly double by year-end under our base case', Rystad Energy MENA Research Director Aditya Saraswat said.
6:37 AM EST | June 10, 2026
Ksi Lisims LNG Secures Agreements with Tribes
Ksi Lisims LNG said it had executed 'benefits agreements' with Indigenous groups that help clear the path for investors to greenlight the Canadian west coast project by yearend.
6:06 AM EST | June 10, 2026
Iran, US Trade Strikes after American Helicopter Downed
Iran's Islamic Revolutionary Guard Corps launched missiles on four American targets, including shelters housing F-35 fighter jets and a command center for the U.S. military at Al-Azraq Air Base in Jordan, state-run IRIB News said.
3:59 AM EST | June 10, 2026
JERA Awards 20-Year LNG Supply Contract to Petronas
Malaysia's national oil and gas company signed a deal to supply the Japanese integrated power company up to about 2 million metric tons per annum of liquefied natural gas for 20 years from 2028.
3:47 AM EST | June 10, 2026
Oil Futures Volatility Returns
Crude markets swung lower despite ongoing supply disruptions.
3:47 PM EST | June 09, 2026
Kuwait Offers Oil to Asian Buyers for 1st Time Since War
Kuwait is offering to sell its crude to refiners in Asia for the first time since the Iran war started.
11:18 AM EST | June 09, 2026
BP CEO Shakes Up Structure
New BP Plc Chief Executive Officer Meg O'Neill reorganized the energy giant's leadership and reporting structures.
10:41 AM EST | June 09, 2026
North America Keeps Adding Rigs
North America added eight rigs week on week, according to Baker Hughes' latest North America rotary rig count.
10:35 AM EST | June 09, 2026
Qatar Quietly Sends LNG Tanker Through Hormuz
Another liquefied natural gas shipment from Qatar transited the Strait of Hormuz over the weekend, according to ship data.
9:49 AM EST | June 09, 2026
WoodMac Finds 'No Consensus' on Gulf Crisis Resolution
Wood Mackenzie 'found no consensus' on when the Gulf 'crisis' will be 'resolved' at its latest annual gas and LNG conference held in London recently, a statement sent to Rigzone by the company revealed.
7:07 AM EST | June 09, 2026
Oil Gives Back Most of Monday Gains
Oil gave back most of Monday's gains today, Saxo Bank highlighted.
5:53 AM EST | June 09, 2026
Giant Oil Supertanker Orders Eclipse Record
The world's shipowners have placed orders for a record number of new oil supertankers.
4:42 AM EST | June 09, 2026
Texas Gas Drillers Shut Out of Oil Price Rally Shut Off Wells
Two extremes are currently playing out in the Permian Basin.
5:00 PM EST | June 08, 2026
Oil Climbs as Israel, Iran Pause
Oil price rise was stunted as Israel and Iran signaled they may avoid further escalation.
3:58 PM EST | June 08, 2026
Texas RRC Reveals Latest Oil, Gas Output Figures
The Railroad Commission of Texas revealed its latest preliminary crude oil and natural gas production figures, which were for March this year.
11:12 AM EST | June 08, 2026
ECA LNG in Mexico Starts Production
Sempra Infrastructure expects to launch commercial operations at the 3.25-MMtpa project in a few months.
10:58 AM EST | June 08, 2026
Alaska Oil, Gas Lease Auction Draws Just 2 Bidders
Only two bidders participated in the Trump administration's auction for drilling leases in Alaska's Arctic National Wildlife Refuge.
10:47 AM EST | June 08, 2026
Philippines Taps Japan to Help Build Oil Reserve
Japan agreed to help the Philippines establish a government-owned oil stockpile, while Manila is also pushing for a Southeast Asian reserve as ASEAN chair this year.
9:40 AM EST | June 08, 2026
OPEC+ 7 Decide to Boost Production in July
Rystad said the production increases 'will have little to no real impact on the oil markets'.
9:17 AM EST | June 08, 2026
BGN Orders 2 More LPG VLGCs from HD Hyundai
BGN has now ordered 6 new LPG VLGCs from the South Korean shipbuilder, all to be delivered 2029.
8:09 AM EST | June 08, 2026
Oil Rebounds on Fresh Middle East Supply Risk Pricing
Zaye Capital Markets sees today's oil price move 'as a geopolitical premium rather than a clean demand rally'.
6:56 AM EST | June 08, 2026
Eni Gets Exploration Block offshore Gambia
'The block is located in a region of the Atlantic margin with proven hydrocarbon discoveries'.
2:30 AM EST | June 08, 2026
Israel Fires Back at Iran after Missile Attacks
Israel said it struck several military targets in Iran, retaliating against missile attacks by Tehran despite Trump's call for Netanyahu to refrain from hitting back.
11:50 PM EST | June 07, 2026
OPAL Fuels, GFL Agree 2 Landfill Gas Projects
GFL and OPAL Fuels agreed on 2 joint projects to enable renewable natural gas production at the Stones Throw Landfill in Tallapoosa County, Alabama and the Grady Road Landfill in Polk County, Georgia.
7:00 AM EST | June 07, 2026
UK Sees Risk of $100 Oil Until 2028
The UK government has revised its internal oil price forecasts upwards.
8:00 AM EST | June 06, 2026
Survey Shows OPEC Output Plunges Further
War between a U.S.-Israeli alliance and Iran has taken a heavy toll on oil supplies from the Middle East.
4:00 PM EST | June 05, 2026
Oil Retreats on Global Demand Fears
Oil prices fell as traders weighed weakening global demand against stalled US-Iran negotiations.
3:43 PM EST | June 05, 2026
Bilfinger Offshore Workers Striking Over Pay
'Strikes on the Alba FSU and FPF1 will have a significant impact on the day to day operations of these assets', Unite Industrial Officer Paula Buchan warned.
10:41 AM EST | June 05, 2026
Arctic Refuge Auction Will Test Oil Industry Appetite
President Donald Trump vowed to reopen Alaska's Arctic National Wildlife Refuge to oil drilling.
10:22 AM EST | June 05, 2026
Clean Energy Fuels Starts Up New RNG Plant in Idaho
The project, which has a capacity to process more than 5 million gallons a day of manure, is 'one of the largest single-site dairies and RNG facilities in North America', Clean Energy said.
9:00 AM EST | June 05, 2026
Strike Averted as About 8,000 Workers offshore Norway Win Pay Raise
New agreements including pay increases averted a strike that had threatened to cut Norwegian oil and gas production by over 45,000 barrels of oil equivalent a day.
7:36 AM EST | June 05, 2026
Why Is Oil Still Under $100?
That's the question Macquarie Group economists, including Ric Deverell, Chief Economist and Head of Macro Strategy at Macquarie Group, asked in a report sent to Rigzone recently.
7:12 AM EST | June 05, 2026
Scottish Parliament Votes for Transfer of Energy Powers
'We are formally requesting the devolution of powers that we need to maximize our remarkable energy potential', Scotland's Energy Minister Stephen Gethins said.
4:37 AM EST | June 05, 2026
Matador Resources Inks Marketing Deals with Energy Transfer
'This transaction is an additional step taken by Matador's marketing team to improve all-in pricing netbacks and reduce exposure to Waha Hub pricing in the second half of 2026'.
4:33 AM EST | June 05, 2026
Skirmishes in Lebanon as Hezbollah Rejects Mideast Truce
Even so, Hezbollah's attacks on northern Israel have eased, while Israel has held off striking Beirut after threatening to do so.
4:12 AM EST | June 05, 2026
Trafigura Pays Record Dividend as Profit Soars Over $4B
Trafigura Group made a record payout to its top traders and executives.
5:00 PM EST | June 04, 2026
Oil Retreats on Truce Optimism
Oil prices fell as traders bet the US and Iran are nearing a deal.
4:04 PM EST | June 04, 2026
USA Crude Oil Stocks Drop by 8MM Barrels Week on Week
Crude oil stocks, not including the SPR, stood at 433.7 million barrels on May 29, the EIA's latest weekly petroleum status report showed.
10:47 AM EST | June 04, 2026
Delfin to Proceed with US' First Floating LNG Project
Delfin announced a $5 billion investment to launch a Gulf Coast project that will be the United States' first floating liquefied natural gas facility.
10:24 AM EST | June 04, 2026
Santander, JPM to Back $1B TGS Vaca Muerta Financing
Citigroup, Santander, and JPM are among lenders working on a roughly $1 billion finance package for a project by TGS in Argentina's Vaca Muerta shale formation, according to people familiar with the matter.
10:18 AM EST | June 04, 2026
Avangrid Bags New Contract to Power Microsoft
Expected to start commercial operation 2028, the 140-MWdc Bluebird in Klickitat County, Washington is the fourth Avangrid project to have the Redmond, Washington-based tech giant as a customer.
9:04 AM EST | June 04, 2026
License to Drill Act Passes USA House of Representatives
The bill still needs to pass the Senate and go to U.S. President Donald Trump to become law, the Congress.gov site shows.
8:06 AM EST | June 04, 2026
Albanese Says 40MM More Liters of Diesel Secured for Queensland
The Australian government said it is pursuing further negotiations with industry for fuel and fertilizer.
6:49 AM EST | June 04, 2026
WoodMac Names Most Admired Explorer
The award is determined by the votes of exploration leaders across the industry, supported by independent quantitative analysis conducted by Wood Mackenzie, WoodMac noted.
6:41 AM EST | June 04, 2026
Energean Faces Competition for Chevron Stakes in Angola Blocks
Etu Energias is exercising its pre-emption right in an agreement under which Chevron is selling its interests in 2 producing oil and gas licenses offshore Angola to Energean.
6:04 AM EST | June 04, 2026
US Says Israel, Lebanon Agreed Truce on Hezbollah Condition
The White House said the agreement between Israel and Lebanon was contingent on 'a complete cessation' of attacks by the Iran-backed militia.
4:00 AM EST | June 04, 2026
Venezuela Wants Oil Firms to Supply Their Own Power
Energy companies heading to Venezuela are being told to bring their own power plants to run their oil and natural gas operations.
5:00 PM EST | June 03, 2026
Oil Settles Higher On Iran Strikes
Oil prices climbed as US-Iran tensions escalated and peace talks stalled.
3:53 PM EST | June 03, 2026
Iberdrola Starts Up Spain's Biggest Battery Energy Storage Project
'With 58 MW of power and 120 MWh of storage capacity, the project marks another step forward in the company's commitment to energy storage as a key pillar of electrification and renewable integration'.
10:45 AM EST | June 03, 2026
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