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Australia Pacific LNG Cuts Price in Massive Sinopec Supply Deal
Australia Pacific LNG agreed to cut the price of liquefied natural gas sold under a major contract with China's Sinopec.
8:00 AM EST | May 24, 2025
Poland Says Key Infrastructure at Risk After Baltic Sea Incident
Polish Prime Minister Donald Tusk warned on Thursday that the Baltic Sea is becoming 'a new area of confrontation' with Russia.
4:00 PM EST | May 23, 2025
WTI Settles at $61.53 in Light Trade
Oil prices rose slightly as nuclear deal hopes faded and U.S. data boosted demand outlook.
3:48 PM EST | May 23, 2025
Japanese Gas Tanker Giant Sees Difficulty Buying Chinese Vessels
Mitsui O.S.K. Lines, owner of the world's largest fleet of liquefied natural gas carriers, said it is hard to buy Chinese vessels for the time being.
11:13 AM EST | May 23, 2025
Texas RRC Announces Milestone in Boots on the Ground Initiative
'This program brings clarity and understanding to the rules which helps inspectors do their job well', Dana McClendon, the division trainer with the RRC's Oil and Gas Division, said.
10:46 AM EST | May 23, 2025
QatarEnergy, ExxonMobil LNG Project to Start Production This Year
Together with QatarEnergy's North gas field expansion projects at home, Golden Pass LNG will more than double QatarEnergy's LNG production to 160 MMtpa.
10:26 AM EST | May 23, 2025
Industry Groups React to House Passage of One Big Beautiful Bill
The One Big Beautiful Bill Act passed the House with 215 Yeas to 214 Nays, the Congress website showed.
7:38 AM EST | May 23, 2025
Greater Tokyo CCS Partners, JOGMEC Agree to Continue Study Works
'The project will involve studying the feasibility of capturing CO2 emitted from Nippon Steel's East Nippon Works Kimitsu Area and multiple industries in the Keiyo Industrial Zone'.
5:01 AM EST | May 23, 2025
DOI Says New USGS Study Finds 'Significant' Undiscovered Oil, Gas Resources
'This new USGS assessment underscores the role of American energy resources in strengthening our energy independence and driving economic development across the West', Secretary of the Interior Doug Burgum said.
4:44 AM EST | May 23, 2025
Norway Gas Production Falls Further: Preliminary April Data
Norway sold 10.2 Bscm of gas in April, down by 700 MMscm from March.
3:20 AM EST | May 23, 2025
Pemex Eyes Job Cuts to Save $540 Million via Restructuring
Pemex aims to cut as many as 3,114 tenured employees.
2:30 AM EST | May 23, 2025
Inpex Secures More Exploration Acreage offshore Indonesia
Following the award, Inpex signed a PSC with the Indonesian upstream regulator SKK Migas, Petronas Energy Serpang and EO Serpang.
2:18 AM EST | May 23, 2025
Aker BP Makes Oil Discovery Near Skarv Field
One of the targets yielded preliminary estimated recoverable volumes of 3-7 million barrels of oil equivalent.
2:10 AM EST | May 23, 2025
Deutsche Bank Hits Pause on New Oil Curbs, Citing Legal Risk
The finance industry is navigating a world in which banks and asset managers suspected of boycotting fossil fuels face legal retaliation in the Unites States.
4:00 PM EST | May 22, 2025
Oil Slips as OPEC Eyes Boost
Oil prices fell as U.S. stockpiles rose and OPEC+ discussed another supply increase.
3:38 PM EST | May 22, 2025
USA Crude Oil Inventories Rise Week on Week
Crude oil stocks, not including the SPR, stood at 443.2 million barrels on May 16, the EIA's latest weekly petroleum status report showed.
10:52 AM EST | May 22, 2025
Two Elliott Nominees Set to Join Phillips 66 Board
'We welcome our new directors and look forward to working constructively as a Board', Phillips 66 CEO Lashier said.
10:32 AM EST | May 22, 2025
Galveston LNG Bunker Port Gets Remaining Construction Permits
A FID is expected to be reached mid-2025, while start-up is expected in the second half of 2027.
9:39 AM EST | May 22, 2025
OPEC+ Discusses Another Super-Sized Output Hike for July
A final decision is due to be taken at a gathering on June 1.
7:48 AM EST | May 22, 2025
Ithaca Boosts Stake in 'Largest UK Continental Shelf Gas Field'
'This transaction is in line with the group's strategy to pursue value-accretive M&A, adding high-quality assets in our core UK Continental Shelf market', Ithaca said.
7:20 AM EST | May 22, 2025
Petrofac Gets Court Approval for Restructuring but Faces Appeal
Petrofac received approval from the High Court of England and Wales to enforce its financial restructuring plan that would unlock $355 million in new funding.
6:23 AM EST | May 22, 2025
European Commission Awards $1B in Green Hydrogen Subsidies
Fifteen renewable hydrogen production projects across five countries have secured a total of EUR 992 million in grants after the second round of the European Hydrogen Bank.
4:52 AM EST | May 22, 2025
Thousands of Business Figures Call for Immediate End to UK EPL
More than 2,500 business figures have called for an 'immediate end' to the UK government's Energy Profits Levy in an open letter.
4:50 AM EST | May 22, 2025
UK Urges G7 to Lower Russian Oil Price Cap to Pressure Putin
'Pressure on Russia's war machine is needed now more than ever'.
2:30 AM EST | May 22, 2025
KNOT Offshore Partners' Profit Down Sequentially
KNOT Offshore reported a net income of $7.6 million for Q1, down from the prior quarter despite fleet utilization exceeding 99 percent.
2:30 AM EST | May 22, 2025
OMV CEO Stern Withdraws from Potential Reappointment
Stern has decided to see his current term until August 31, 2026, out and not make himself available for reappointment.
2:30 AM EST | May 22, 2025
Oil Falls as Inventories Climb
Reports of Israel preparing a strike on Iran stirred oil markets but failed to halt a price drop.
4:03 PM EST | May 21, 2025
Trump Sets Stage to Sell Ocean Mining Rights Off American Samoa
The Interior Department said Tuesday it planned to seek information from the public and gauge commercial interest from companies in potentially exploring the area.
4:00 PM EST | May 21, 2025
TotalEnergies to Invest in BC LNG Project
TotalEnergies also committed to buying two MMtpa for 20 years from the pending Ksi Lisims LNG project in British Columbia.
11:08 AM EST | May 21, 2025
Oversold NatGas Trampolines Higher, EBW Analyst Says
'Fundamentals do not explain Monday's dramatic sell-off or Tuesday's rip higher', said Eli Rubin, an analyst at EBW Analytics Group.
10:26 AM EST | May 21, 2025
Trump Administration Allows NY Offshore Wind Project to Resume
The Interior Department retracted a stop order against Empire Wind, allowing Equinor to resume construction of the project's first phase, which is expected to power 500,000 homes in New York.
9:55 AM EST | May 21, 2025
KNOC to Join JV for Otway Exploration Project Offshore Victoria
The joint venture is undertaking exploration activities for natural gas in the Otway Basin offshore Victoria near existing natural gas wells.
9:00 AM EST | May 21, 2025
Goldman Warns Europe's Gas Refill at Risk if Prices Drop Further
European gas storage ended winter below normal levels, but easing prices have provided some relief in recent months.
8:11 AM EST | May 21, 2025
Woodside Offers $3.5B Bonds
The underwriters are Barclays Capital, JP Morgan Securities, BofA Securities, Goldman Sachs & Co. and UBS Securities.
8:04 AM EST | May 21, 2025
NFE Completes Divestment of Jamaican Assets to Excelerate
'These assets align seamlessly with our operational expertise and long-term LNG supply agreements, while also presenting promising opportunities for future growth'.
8:00 AM EST | May 21, 2025
Texas Industry Groups Look at April Upstream Employment
'TIPRO's new workforce data still indicated strong job postings for the Texas oil and natural gas industry', the Texas Independent Producers and Royalty Owners Association said.
7:51 AM EST | May 21, 2025
Macquarie Strategists Forecast Week on Week USA Crude Inventory Drop
Macquarie strategists are forecasting that U.S. crude inventories will be down by 3.4 million barrels for the week ending May 16.
6:50 AM EST | May 21, 2025
Equinor Finds Potential CO2 Injection Site in North Sea
Two appraisal wells drilled by Equinor in the North Sea about 12 miles east of the Troll A platform have shown a suitable reservoir for carbon CO2 storage.
4:49 AM EST | May 21, 2025
EU Adopts Sanctions on Russian Shadow Fleet, Hybrid Threats
'The longer Russia wages war, the tougher our response'.
2:30 AM EST | May 21, 2025
ADNOC Pens Deal with Tubacex to Localize Tubular Tech in UAE
Tubacex is set to create a specialized research and development center in Abu Dhabi.
2:30 AM EST | May 21, 2025
Subsea7 Secures Work Offshore Norway from ConocoPhillips
Subsea7 secured a large contract from ConocoPhillips for a FEED study for the PPF development project offshore Norway.
2:30 AM EST | May 21, 2025
India Plans to Spend $10B on Homebuilt Oil Tanker Fleet
India plans to spend 850 billion rupees ($10 billion) to purchase 112 crude carriers through 2040, people familiar with the matter said.
4:00 PM EST | May 20, 2025
WTI, Brent Edge Lower in Choppy Trade
Traders remain cautious amid mixed signals on sanctions and global supply.
3:44 PM EST | May 20, 2025
Vistra to Acquire Lotus Gas Power Plants for $1.9B
The plants have a combined capacity of 2,557 MW.
10:45 AM EST | May 20, 2025
There Were 3 Drivers to Monday's USA Natural Gas Price Pullback
There were three drivers to yesterday's U.S. natural gas price pullback, Art Hogan, Chief Market Strategist at B. Riley Wealth, told Rigzone.
10:25 AM EST | May 20, 2025
DOE Backs LNG Exports in Verdict on Biden-Era Study
The DOE said it will proceed with issuing final orders on pending applications to export LNG to non-FTA countries.
9:34 AM EST | May 20, 2025
Chariot Regains Interest in Moroccan Offshore Assets
Chariot said it will continue to assess the additional potential of the wider Lixus and Rissana license areas.
9:00 AM EST | May 20, 2025
Texas RRC Tightens Permitting Rules for Permian Disposal Wells
The new regulations are designed to help ensure injected fluids stay contained within disposal formations, thereby protecting ground and surface freshwater.
8:43 AM EST | May 20, 2025
Analyst Says Trump Essentially Walked Away from Russia-Ukraine War
'What this means for the oil price is rather foggy', said Bjarne Schieldrop, Chief Commodities Analyst at SEB.
8:42 AM EST | May 20, 2025
Valeura Energy Makes FID on Wassana Field in Gulf of Thailand
The redevelopment of the Wassana field will be done through a new-build central processing platform to optimize full block potential.
8:00 AM EST | May 20, 2025
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