The latest oil and gas news from around the world.
Updated: 37 min 40 sec ago
Magyar Says Druzhba Oil Flows Could Resume Next Week
The pipeline, which brings Russian oil via Ukraine to central Europe, has been inoperative since January.
Energy Prices Sink on Hormuz News
Oil and gas prices plunged as Iran signaled a temporary reopening of the Strait of Hormuz, easing supply fears.
EagleRock Files for IPO
EagleRock Land LLC filed for an initial public offering.
EIA Raises USA Fuel Price Projections for 2026, 2027
'Higher crude oil prices are leading to higher prices at the pump for gasoline and diesel', the EIA said.
Iran Says Hormuz Strait Now Completely Open
Iran announced that the Strait of Hormuz is now 'completely open' for commercial traffic.
Calcasieu Pass LNG Secures $1.75B Loan
Venture Global used part of the proceeds from the senior secured, term loan B facility to redeem preferred equity interests issued to Stonepeak Bayou Holdings II.
Oil Prices Could Remain Under Pressure
Oil prices could remain under pressure amid hopes of a diplomatic breakthrough in the Middle East, BankPro CEO Paolo Broccardo said.
Buru Gets New Funding Commitment for Rafael Gas Project
Buru received commitment for a two-tranche institutional share offering that would raise around $3.8 million for the Rafael Gas Project in Western Australia.
Spirit Energy Reveals Proposal to Restructure UK Organization
'We are committed to supporting all our colleagues throughout the consultation process', Spirit Energy said.
Gazprom Starts Up New Oil Project at Urengoy in West Siberia
The Russian state-owned company achieved commercial oil production from the sixth block of the Achimov deposits of the Urengoyskoye field in the West Siberian basin.
Pakistan Oil Tanker Is First to Cross Hormuz since US Blockade
A Pakistan-flagged tanker that entered the Persian Gulf over the weekend has become the first carrier to exit through the Strait of Hormuz with a crude cargo since a U.S. blockade began.
Crude Gains as Hormuz Blockade Persists
Traders remain cautious as ceasefire optimism clashes with severe supply constraints and global economic concerns.
Trump List of Saved Projects Spares $5B Hydrogen Hubs
The Trump administration plans to preserve billions of dollars in funding for hydrogen ventures and other projects previously earmarked for termination.
Chevron Expands Heavy Oil Footprint in Venezuela
In an asset swap, PDVSA agreed to sell a 13.21 percent stake in the Petroindependencia JV to Chevron, whose ownership would increase to 49 percent.
USA Crude Oil Stocks Drop Almost 1MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 463.8 million barrels on April 10, the EIA's latest weekly petroleum status report showed.
Bessent Says USA Won't Renew Iranian, Russian Oil Waivers
Treasury Secretary Scott Bessent reaffirmed that the U.S. would not renew general licenses that allowed for the temporary sale of certain Russian and Iranian crude.
Iberdrola to Raise Italian Capacity to 400MW with CCE Acquisition
The Spanish company signed a deal to acquire a recently commissioned 42-MW solar plant in Lazio from Austria-headquartered CCE.
TotalEnergies Discovers More Oil offshore Congo Brazzaville
'The Moho G discovery, together with the discovery previously made on the nearby Moho F structure, represents recoverable resources estimated at close to 100 million barrels'.
Rystad Says Energy Repair Costs from War Could Hit $58B
'The scope of damage has expanded materially,' Rystad Energy warned.
Aussie Refinery Reduces Production after Fire
Operator Viva expects the blaze at the Geelong refinery, which has a processing capacity of 120,000 bpd, to mainly reduce production for gasoline and aviation gasoline.
