The latest oil and gas news from around the world.
Updated: 27 min 38 sec ago
Russia, Iran Sanctions Bill Clears Key Hurdle in Senate
Trump has signaled support for the measure, which had been championed by the late Senator Lindsey Graham.
Senators Announce Deal on New Russia, Iran Sanctions Bill
A bipartisan group of senators announced a deal Tuesday.
States Oppose FERC Plan to Widen Blanket Gas Pipeline Permitting
Over a dozen states and the District of Columbia protested a proposed 'rulemaking' by the Federal Energy Regulatory Commission to broaden the kinds of gas pipeline projects that qualify for review exemptions.
Baker Hughes Posts Nearly 50 Percent YoY Increase in Orders
Baker Hughes saw 'robust demand across Power Systems and LNG, with particularly strong momentum in power generation'.
Oil Market Rapidly Strips Out Iran War Premium
Oil prices dropped yesterday and today as the market rapidly stripped out its Iran war premium, Petros Pantzari, Chief Dealer at Monaxa, said.
Barossa Ships First Condensate Cargo to South Korea
The shipment of about 300,000 barrels will be delivered to a refinery in Incheon.
Tributes Pour in for Sir Ian Wood
Tributes have poured in for Sir Ian Wood following news that the Aberdeen-based businessman has passed away.
Eni Greenlights Cyprus' First Hydrocarbon Project
Expected to start production 2028, the Cronos field is designed to produce up to 500 million cubic feet per day of gas, which will be processed into liquefied form in Egypt for export mainly to Europe.
Oil Tankers Reroute to Egypt amid Houthi Threat
Empty supertankers are heading to Egypt's Mediterranean port of Sidi Kerir to collect Saudi crude as observable traffic at the kingdom's key Red Sea export hub dwindles following threats from Houthi militants.
Brent Tumbles Nearly 9% on Diplomacy
Oil prices plunged as the US paused strikes on Iran and supply concerns eased with resumed Kazakh exports.
Expand Energy to Buy Twin Eagle for $1.25B
Expand Energy Corp. agreed to buy gas marketer Twin Eagle Holdings NA LLC from private equity firm Five Point Infrastructure for $1.25 billion.
Halliburton Bags Spate of Middle East Contracts in July
Halliburton announced a spate of contract awards in the Middle East this month.
Brookfield to Acquire Blackstone BESS Portfolio in North America
The transaction represents an enterprise value of around $7 billion and an equity value of $3 billion.
CPC Oil Terminal Resumes Kazakh Crude Exports
The main terminal for exporting Kazakhstan's oil resumed loadings after drone attacks on vessels caused an output cut last week.
Oil Price Action Telling a Nuanced Story, JPM Says
'Price action...is telling a more nuanced story', J.P. Morgan analysts said.
US DOE Seeks Innovations on Pipeline Efficiency, By-Product Conversion
The Energy Department launched a funding opportunity of up to $65.5 million for research, development and deployment projects that maximize pipeline productivity and value creation from oil and gas by-products.
Woodside's Browse Gas Project Declared State Priority
The Western Australian government granted the Browse to North West Shelf Project, which would connect three offshore fields to the existing Karratha plant, a State Significant Project status, operator Woodside said.
Brent, WTI Oil Prices Both Down Over 5 Percent
'The immediate decline reflects a reduction in the geopolitical premium', Naeem Aslam, CIO at Zaye Capital Markets, said.
Kuwait Agrees $16B Pipeline Leaseback with Blackstone, Brookfield, KKR
Kuwait Petroleum signed a record $16-billion partnership agreement allowing three major North American investors to own minority stakes in its entire domestic and export pipeline network.
Lull in Fighting as Iran Holds Hormuz Talks with Oman
The U.S. paused an almost two-week run of strikes against Iran for a second night while the Islamic Republic signaled it was refraining from any retaliatory attacks and held talks with Oman over the Strait of Hormuz.
