The latest oil and gas news from around the world.
Updated: 21 min 42 sec ago
JERA Awards 20-Year LNG Supply Contract to Petronas
Malaysia's national oil and gas company signed a deal to supply the Japanese integrated power company up to about 2 million metric tons per annum of liquefied natural gas for 20 years from 2028.
Oil Futures Volatility Returns
Crude markets swung lower despite ongoing supply disruptions.
Kuwait Offers Oil to Asian Buyers for 1st Time Since War
Kuwait is offering to sell its crude to refiners in Asia for the first time since the Iran war started.
BP CEO Shakes Up Structure
New BP Plc Chief Executive Officer Meg O'Neill reorganized the energy giant's leadership and reporting structures.
North America Keeps Adding Rigs
North America added eight rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Qatar Quietly Sends LNG Tanker Through Hormuz
Another liquefied natural gas shipment from Qatar transited the Strait of Hormuz over the weekend, according to ship data.
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.
