The latest oil and gas news from around the world.
Updated: 3 min 57 sec ago
Key Russian Oil Port on Fire after Drone Strike
Drones attacked Russia's Ust-Luga port on the Baltic Sea setting it on fire as Ukraine carried out the most intense air strike on its foe in more than a year.
Oil Rises on Strait Uncertainty
Market swings reflect conflicting signals between diplomacy efforts and expanding military activity in the region.
Energy Bosses Share Iran Anxieties at CERAWeek
Houston's showpiece energy conference is usually an opportunity for backslapping and glad-handing.
North America Drops 21 Rigs Week on Week
North America dropped 21 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Iran Charges Some Ships Hormuz Transit Fees
Iran has started charging transit fees on some commercial vessels passing through the Strait of Hormuz.
TotalEnergies Exits US Offshore Wind Market in Favor of Gas
'TotalEnergies will recover the lease fees paid and will invest an equal amount in the development of U.S. gas and power production and exports'.
This Is Not a Textbook Oil Shock
This is not a textbook oil shock; it is a multidimensional disruption, EY-Parthenon Chief Economist Gregory Daco said.
Venture Global Notches 5-Year LNG Order from Vitol
Deliveries are to start this year.
OEUK Says New Polling Shows Public Backs Homegrown Energy
'New UK wide polling commissioned by OEUK shows overwhelming public support for using the UK's own oil and gas resources alongside renewables to strengthen national security', OEUK said.
Anaergia, Southwest Gas RNG Contract Gets Conditional Approval
Anaergia's SoCal facility 'will be the first to supply RNG under California's Senate Bill 1440 Biomethane Procurement Program'.
Dorian LPG Takes Delivery of New VLGC
Dorian's fleet now consists of 28 vessels, of which 22 are owned by the company.
Saudi Arabia, Kuwait Push Energy Deals despite War
Saudi Arabia and Kuwait are attempting to press on with planned multibillion-dollar energy deals despite a widening conflict that has seen Iran target oil and gas infrastructure across the Middle East.
Aramco CEO Withdraws From Houston Event
Saudi Aramco Chief Executive Officer Amin Nasser has withdrawn from a major energy conference in Houston as the situation in the Middle East remains volatile.
Oil Futures Crash on Trump Negotiations Hint
Oil plunged as Trump delayed strikes on Iran, raising hopes of de-escalation despite conflicting signals from Tehran.
EIA Sees Oil Glut Tightening in Wake of Iran War
According to its March STEO, the EIA sees world petroleum and other liquid fuels production outweighing consumption by 1.87 million barrels per day in 2026.
AEP, SoftBank Ink Deal with US DOE for 10 GW Data Center Power
The mostly gas generation capacity will serve a 10-GW data center planned to rise at the site of a former gaseous diffusion plant in Pike County, Ohio.
Trump Reports 'Productive Conversations' with Iran
'I have instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five day period', Trump said.
QatarEnergy Missile Strikes May Cause $100B Revenue Loss
QatarEnergy said it expects the damage to its Ras Laffan Industrial City caused by missile strikes to cost about $20 billion a year in lost revenue and to take up to five years to repair.
Iberdrola Reaches Over 11 GW of Installed Capacity in US
'Avangrid's growing portfolio is helping to meet a surge in energy demand across the country brought on by the proliferation of data centers powering the country's AI revolution'.
Maha to Acquire Stake in Venezuela's PetroUrdaneta
Maha made the decision following the U.S. Treasury's issuance of a 'general license' for certain transactions involving Petroleos de Venezuela.
