The latest oil and gas news from around the world.
Updated: 38 min 4 sec ago
DOI Plans to Merge BSEE, BOEM
The U.S. Department of the Interior announced the start of a phased plan to establish the Marine Minerals Administration.
Oil Sharply Reprices Lower
'The market remains highly headline-driven', Naeem Aslam, CIO at Zaye Capital Markets, warned.
Refining Margins to Provide Buffer as Shell Gas Production Takes War Hit
Shell expects production in its Integrated Gas segment to fall to 880,000-920,000 boed in the first quarter of 2026 from 948,000 boed in Q4 2025 due to 'the impact of the Middle East conflict on Qatari volumes'.
Iran, US Eke Out Truce
The U.S. and Iran agreed to a two-week ceasefire in exchange for Tehran reopening the Strait of Hormuz.
Crude Sinks on Two-Week Iran Pause
Oil plunged and markets rallied after Trump agreed to pause strikes on Iran for two weeks.
1 of 7 Stranded Malaysian Vessels Sails Through Hormuz
Malaysia has maintained cordial diplomatic ties with Iran.
Crude Closes Mixed on War Signals
Oil prices closed mixed as traders weighed conflicting signals on Iran and supply risks.
North America Drops More Rigs Week on Week
North America dropped six rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Trump Says USA in 'Heated' Iran Talks
President Donald Trump said he was in 'heated negotiations' involving the war with Iran.
Trump Says Iran Could 'Die Tonight'
President Donald Trump threatened Iran with civilizational destruction.
USA Strikes Kharg Island
The U.S. attacked military targets across Iran's Kharg Island.
Phillips 66 Books $900MM in Hedging Losses as Prices Surge
'The sharp increase in commodity prices during the first quarter resulted in a net outflow of approximately $3 billion of cash collateral on derivative positions'.
Texas Upstream Employment Drops in January
Texas upstream employment declined at the start of the year, according to a statement sent to Rigzone by TIPRO recently.
Cheniere CEO Fusco to Assume Chairmanship as Botta Retires
Fusco will take over Botta while continuing to serve as president and chief executive after Botta's exit May 14, the date of Cheniere's yearly shareholder meeting.
Aker BP Starts Production at Symra in Norwegian North Sea
Symra represents 'a step into a new part of the Eiga area and a new reservoir type on the Norwegian shelf'.
Oil Market Maintains Cautiously Bullish Bias
Overall, the oil market maintains a cautiously bullish bias, Naeem Aslam, CIO at Zaye Capital Markets, said.
ADNOC Assures Customer Supply despite Habshan Pause
ADNOC Gas confirmed casualties including one fatality at its Habshan natural gas processing complex and said the affected area has been 'isolated'.
India Back to Buying Venezuelan Crude
India is set to import the most oil from Venezuela in almost six years.
India's Refiners Delay Maintenance
The delay by India's state-run refiners comes as the nation grapples with a supply crunch following the effective closure of the Strait of Hormuz.
Crude Climbs On Escalation Fears
Oil prices rose as escalating US-Iran tensions raised fears of persistent supply disruptions through the Strait of Hormuz.
