The latest oil and gas news from around the world.
Updated: 23 min 20 sec ago
WoodMac Finds 'No Consensus' on Gulf Crisis Resolution
Wood Mackenzie 'found no consensus' on when the Gulf 'crisis' will be 'resolved' at its latest annual gas and LNG conference held in London recently, a statement sent to Rigzone by the company revealed.
Oil Gives Back Most of Monday Gains
Oil gave back most of Monday's gains today, Saxo Bank highlighted.
Giant Oil Supertanker Orders Eclipse Record
The world's shipowners have placed orders for a record number of new oil supertankers.
Texas Gas Drillers Shut Out of Oil Price Rally Shut Off Wells
Two extremes are currently playing out in the Permian Basin.
Oil Climbs as Israel, Iran Pause
Oil price rise was stunted as Israel and Iran signaled they may avoid further escalation.
Texas RRC Reveals Latest Oil, Gas Output Figures
The Railroad Commission of Texas revealed its latest preliminary crude oil and natural gas production figures, which were for March this year.
ECA LNG in Mexico Starts Production
Sempra Infrastructure expects to launch commercial operations at the 3.25-MMtpa project in a few months.
Alaska Oil, Gas Lease Auction Draws Just 2 Bidders
Only two bidders participated in the Trump administration's auction for drilling leases in Alaska's Arctic National Wildlife Refuge.
Philippines Taps Japan to Help Build Oil Reserve
Japan agreed to help the Philippines establish a government-owned oil stockpile, while Manila is also pushing for a Southeast Asian reserve as ASEAN chair this year.
OPEC+ 7 Decide to Boost Production in July
Rystad said the production increases 'will have little to no real impact on the oil markets'.
BGN Orders 2 More LPG VLGCs from HD Hyundai
BGN has now ordered 6 new LPG VLGCs from the South Korean shipbuilder, all to be delivered 2029.
Oil Rebounds on Fresh Middle East Supply Risk Pricing
Zaye Capital Markets sees today's oil price move 'as a geopolitical premium rather than a clean demand rally'.
Eni Gets Exploration Block offshore Gambia
'The block is located in a region of the Atlantic margin with proven hydrocarbon discoveries'.
Israel Fires Back at Iran after Missile Attacks
Israel said it struck several military targets in Iran, retaliating against missile attacks by Tehran despite Trump's call for Netanyahu to refrain from hitting back.
OPAL Fuels, GFL Agree 2 Landfill Gas Projects
GFL and OPAL Fuels agreed on 2 joint projects to enable renewable natural gas production at the Stones Throw Landfill in Tallapoosa County, Alabama and the Grady Road Landfill in Polk County, Georgia.
UK Sees Risk of $100 Oil Until 2028
The UK government has revised its internal oil price forecasts upwards.
Survey Shows OPEC Output Plunges Further
War between a U.S.-Israeli alliance and Iran has taken a heavy toll on oil supplies from the Middle East.
Oil Retreats on Global Demand Fears
Oil prices fell as traders weighed weakening global demand against stalled US-Iran negotiations.
Bilfinger Offshore Workers Striking Over Pay
'Strikes on the Alba FSU and FPF1 will have a significant impact on the day to day operations of these assets', Unite Industrial Officer Paula Buchan warned.
Arctic Refuge Auction Will Test Oil Industry Appetite
President Donald Trump vowed to reopen Alaska's Arctic National Wildlife Refuge to oil drilling.
