The latest oil and gas news from around the world.
Updated: 35 min 13 sec ago
E&Ps Flag Iran War in Latest Dallas Fed Energy Survey
The Iran war was highlighted by several exploration and production companies in the 'comments' section of the first quarter 2026 Dallas Fed Energy Survey.
Petrofac Says UK Tax Authorities Won't Appeal Ruling in Creditor Deal
Petrofac said it had received confirmation from HM Revenue and Customs that the UK tax agency will not appeal a Scottish court ruling that upheld an agreement between Petrofac and certain creditors.
Ukraine Says It Attacked Russia's Kirishi Refinery
Ukraine said it targeted a key Russian export-oriented oil refinery in the Leningrad region overnight.
What Does the Oil Futures Curve Show?
Rigzone talks to several analysts.
CNOOC Ltd Achieves New Production Record
CNOOC Ltd, majority-owned by China National Offshore Oil Corp, reported 777.3 million barrels of oil equivalent, or 2.13 MMboe a day, in net production last year.
Rystad Issues Oil Warning
'The floor has moved up, so has the ceiling', Rystad Energy said.
2 Danish Wind Projects Get European Commission Approval for $5.8B State Aid
'The combined annual production of these two wind farms will represent the equivalent of around 25 percent of last year's total electricity production in Denmark'.
Philippines Takes Delivery of Russian Oil after US Waiver
Philippine refiner Petron received a shipment of Russian oil, according to its chief executive, after the U.S. issued a waiver allowing the purchase of the crude.
Crude Falls as Iran Talks Confuse Market
Traders pulled back amid volatile swings tied to conflicting war and diplomacy developments.
Chevron Warns California Risks Energy Crisis Due to Iran War
Chevron Corp. is warning that California is careening toward an energy crisis because of the Iran war.
USA Shale Producers Not Poised to Quickly Boost Output
U.S. shale producers 'are not poised to quickly ramp up production', according to Matthew Bernstein, Rystad Energy VP North America Oil & Gas.
Key Russian Port Pauses Oil Loading after Drone Strike
Russia's Ust-Luga port on the Baltic Sea has halted crude loadings as Ukraine carried out the most intense air strike on its foe in more than a year, setting some of the port facilities on fire.
Equinor Starts Drilling for $9B Gas Development offshore Brazil
'The project is Equinor's largest international investment to date, totaling around $9 billion'.
ADNOC CEO Says Weaponizing Hormuz is Economic Terrorism
'Weaponizing the Strait of Hormuz is not an act of aggression against one nation; it is economic terrorism against every nation', Ahmed Al Jaber, ADNOC's managing director and group CEO, said.
JERA Secures Regasification Rights at Dunkirk Terminal
'This marks JERA's first acquisition of overseas LNG terminal capacity and strengthens the company's ability to manage global LNG supply and demand'.
Oil Extends Decline on De-Escalation Hopes
'Optimism surrounding a possible diplomatic breakthrough has eased supply fears', said Konstantinos Chrysikos, Head of Customer Relationship Management at Kudotrade.
Philippines Eyes Russian Oil as Marcos Declares Emergency
Marcos said the Southeast Asian country's current fuel supply could last about 45 days and that it is 'exploring' importing oil from non-traditional source Russia.
Iran Rejects USA Peace Plan
Iran said it rejected a U.S. ceasefire proposal and maintained attacks on Israel and Gulf Arab states.
USA Awaits Response to Peace Plan
The U.S. floated a proposal to end a war that's wreaked havoc across the Middle East and in global markets.
Idemitsu Forays into LNG with MidOcean Investment
The Japanese energy company said it is venturing into the liquefied natural gas business with a $500 million investment in EIG's MidOcean.
