The latest oil and gas news from around the world.
Updated: 3 min 40 sec ago
Venture Global Approves CP2 LNG Phase 2
The Arlington, Virginia-based developer also sealed $8.6 billion in financing for phase 2, which it expects to make the company the biggest exporter of U.S. LNG.
USA Gasoline, Diesel Prices 'Surge'
'Consumers continue to feel the sting of rising oil, gasoline, and diesel costs as geopolitical tensions in the Middle East remain elevated', Patrick De Haan, head of petroleum analysis at GasBuddy, said.
Orban Amps Up Druzhba Oil Standoff
Hungarian Prime Minister Viktor Orban said he'll continue to block key European Union aid to Ukraine until flows of Russian oil via the Druzhba pipeline are fully restored.
New Zealand's Waihapa H1 Restarts Production
This is the second announced startup under Monumental's agreement with New Zealand Energy to fund the latter's share of costs for the Waihapa-Ngaere campaign.
EIA Sees NatGas 'Relatively Unaffected' by Hormuz Development
'In our forecast, the Henry Hub spot price averages almost $3.80 per million British thermal units in 2026', the EIA said.
MidOcean to Acquire JERA Stakes in Gorgon, Ichthys
JERA said it is refocusing its Australian LNG investment to Barossa, Scarborough and Wheatstone.
SC Says No Clear Off-Ramps in Conflict, Ups Brent Forecast
'It has been an extraordinary three weeks for the energy complex', Standard Chartered Bank Energy Research Head Emily Ashford said.
BP, Eni Start Gas Production at Angola's Quiluma
Quiluma, the Central African country's first non-associated gas project, is expected to ramp up production to up to 330 MMcfd by yearend.
UAE Gas Field Ablaze as Trump Pushes for Help on Hormuz
Iran set a massive natural gas field in the UAE ablaze as it steps up attacks on key energy sites, while US President Donald Trump appealed to allies and the likes of China to help reopen the Strait of Hormuz.
Oil Eases but Supply Fears Linger
Oil ended lower, but Brent still closed above $100 for a third straight session as Middle East supply risks remained elevated.
IEA Says It Has More Emergency Oil Reserves Available
The war has brought shipping through the vital Strait of Hormuz to a near-halt.
North America Drops 6 Rigs WoW
North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.
US DOE Orders Restart of Santa Ynez Oil Flows
DOE expects the restart, for which it invoked emergency powers, to replace nearly 1.5 million barrels of foreign crude each month.
Pakistan Oil Tanker Transits Hormuz
A tanker laden with crude oil appears to have cleared the Strait of Hormuz and is now sailing to Pakistan, according to ship-tracking data.
EIA Ups WTI Price Forecast by $20 in Wake of Iran Conflict
In its latest short term energy outlook, the U.S. Energy Information Administration boosted its 2026 WTI average spot price forecast by $20 per barrel.
Trump Announces 'Bombing Raid' at Kharg Island
'United States Central Command executed one of the most powerful bombing raids in the History of the Middle East', U.S. President Donald Trump said.
DOE Approves 13 Pct Increase in Plaquemines LNG Exports
'This authorization will allow for an immediate increase in the volumes of LNG that Plaquemines LNG can export to non-FTA countries, which import the majority of U.S. LNG'.
TotalEnergies Plays Down War Impact on Operations
TotalEnergies said it was suspending production in Qatar, Iraq and the Emirati offshore but assured growth elsewhere and a surge in oil prices cushion the company from the Middle East war.
Iran Denies Seeking Truce as Dubai Oil Port Damaged
Iran denied US President Donald Trump's assertion that it wants ceasefire talks, launching fresh attacks across the Persian Gulf and forcing a suspension of flights at Dubai's main airport.
IEA Expects Quick Release of Asia Pacific Oil Stocks
'Stocks will be made available by IEA member countries in Asia Oceania immediately while stocks from IEA member countries in the Americas and Europe will be made available starting from the end of March'.
