The latest oil and gas news from around the world.
Updated: 25 min 13 sec ago
Which Countries Produce and Consume the Most Natural Gas?
Rigzone examines the Energy Institute's latest statistical review of world energy report, which was released recently.
Petronas Makes New Discoveries offshore Suriname
Malaysia's national oil and gas company said it has now drilled 8 successful wells with combined recoverable resources of over 1 billion barrels of oil equivalent in the South American country.
Iran Struggles to Woo Oil Buyers before US Waiver Expires
A hoard of Iranian oil is building up at sea, as the Islamic Republic struggles to find buyers before the expiry of a 60-day window granted by Washington.
Saudis Make Rare Spot Oil Sales
Saudi Arabia is taking the unusual step of selling millions of barrels of oil on an ad-hoc basis to customers in Asia.
Crude Extends Losses on Glut Fears
Oil prices fell as recovering Strait of Hormuz traffic and rising global supplies reinforced expectations of an oversupplied market.
Equinor, Var Energi to Swap Stakes in Norwegian North Sea
Var Energi and Equinor entered into a swap agreement to realign their investments in the Gjoa and Troll-Farm areas on Norway's side of the North Sea, which they said would support faster tieback developments.
Oil Execs Predict Future WTI Oil Prices
Executives from oil and gas firms revealed where they expect the West Texas Intermediate crude oil price to be at various points in the future in the second quarter Dallas Fed Energy Survey.
LNG Trade Could Match 2025 despite Mideast Crisis, Shell Says
'The ramp up of new liquefaction facilities in North America, improved performance at existing plants and slower Asian imports of LNG have partially offset the impact of reduced supply from the Middle East'.
Eni, Mercuria Agree to Join Forces in Commodity Trading
Italian oil company Eni SpA and commodity merchant Mercuria Energy Group Ltd. signed an agreement to join forces in trading.
BP Sees More Leadership Changes
BP PLC announced the retirement of newly appointed deputy chief executive Carol Howle and named 2 new executive vice presidents from within its ranks.
Trump Tells Gasoline Retailers to Cut Prices Immediately
In a statement posted on his Truth Social page on Tuesday, U.S. President Donald J. Trump ordered U.S. gasoline retailers to cut their prices 'immediately'.
Oil's Softening Trend Continues
Standard Chartered Bank Energy Research Head Emily Ashford noted that oil's 'softening trend' had continued 'as the return of easy barrels outpaces demand recovery'.
ADNOC, Eni Acquire Stakes in Argentina LNG Blocks
The Vaca Muerta upstream assets are planned to supply feed gas to 2 floating liquefaction facilities with a combined capacity of 12 MMtpa.
US Makes Progress in Indirect Talks on Iran Deal
U.S. negotiators Jared Kushner and Steve Witkoff had positive discussions with regional leaders in Qatar and technical talks with Iran are moving ahead, according to a senior administration official.
Crude Slides on Rising Supply
Oil prices fell as shipping through the Strait of Hormuz increased and traders anticipated a growing global supply surplus.
Morgan Stanley Warns of Oil Glut
Morgan Stanley cut oil forecasts for the second time in about two weeks.
Markets Can't Price a Tweet, Industry Warns
'Markets can price risk, but they can't price a tweet', one exploration and production company executive warned in the latest Dallas Fed Energy Survey.
NextDecade Seeks to Raise $3.5B in Debt Instrument Sale for Rio Grande LNG
NextDecade is offering a series of senior secured notes with a total principal amount of $3.5 billion to fund the under-construction Rio Grande LNG project in Brownsville, Texas.
India Plans to Cut Reliance on Middle East Oil
India's state oil refiners are planning to reduce their reliance on the Middle East following the supply shock of the Iran war, according to people familiar with the matter.
Who Is the World's Biggest Oil Producer?
Rigzone examines the Energy Institute's latest statistical review of world energy report, which was released recently.
