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The latest oil and gas news from around the world.
Updated: 2 hours 53 min ago

OPEC Nations Warn of Oil Market Turbulence

Wed, 09/22/2021 - 23:09
As the global natural gas crunch hits suppliers and consumers alike, OPEC nations are warning of the knock-on impact for oil markets.

Saipem and Aramco Sign MOU for Potential New Co

Wed, 09/22/2021 - 22:17
Saipem has revealed that it and Saudi Aramco have signed a Memorandum of Understanding.

Tower Resources Moving Forward With Thali Block Farm-Out

Wed, 09/22/2021 - 21:39
Tower Resources has submitted documentation for the farm-out of a share in the Thali offshore block in Cameroon for approval.

OGCI Revises Upstream Targets for 2025

Wed, 09/22/2021 - 20:24
The Oil and Gas Climate Initiative (OGCI) has announced that it has revised its collective upstream targets for 2025.

Aker Solutions, AF Gruppen Given Go-Ahead To Create Decom JV

Wed, 09/22/2021 - 20:00
Norwegian authorities find no objections with the creation of a decommissioning joint venture between AF Gruppen and Aker Solutions.

Oil Trader Vitol Jumps into EV Fleet Business

Wed, 09/22/2021 - 19:13
Vitol Group, the world's biggest independent oil trader, is jumping into the electric-vehicle fleet business.

Adnoc Raises Drilling IPO Size to $1.1B

Wed, 09/22/2021 - 17:48
Abu Dhabi National Oil Co. increased the size of its drilling unit's initial public offering amid heavy demand for shares in what is likely to be the emirate's biggest listing in at least four years.

Shell Sanctions Ormen Lange Subsea Gas Project

Wed, 09/22/2021 - 17:00
Shell has submitted the development plan for its Ormen Lange wet gas subsea compression project offshore Norway.

Subsea 7 Secures Sizeable Norwegian Sea Deal

Wed, 09/22/2021 - 16:47
Subsea 7 has revealed that it has been awarded a 'sizeable' contract by OneSubsea for a project at the Ormen Lange field.

Companies To Produce Green Hydrogen From Converted Jack-Up

Wed, 09/22/2021 - 16:11
Trio joins forces to develop a concept for offshore green hydrogen production by using a converted jack-up rig in the North Sea.

ADIPEC Confirms 2021 In Person Event

Wed, 09/22/2021 - 15:30
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will return in person this year, the event's organizers have confirmed in a statement sent to Rigzone.

Canada Oil Industry Seeks Trudeau Support

Wed, 09/22/2021 - 05:36
Canada's largest oil and natural gas lobbying group is calling for support from re-elected Prime Minister Justin Trudeau following an election campaign that featured vows to cut the industry's emissions.

Oil Up As Tight Supply Wins Over Chinese Economic Worries

Wed, 09/22/2021 - 03:49
Bullish supply realities moved oil futures back into a positive posture and overcame growing concerns with the Chinese property market and broader implications.

BP Starts-Up Matapal Project Off Trinidad And Tobago

Wed, 09/22/2021 - 02:14
Supermajor BP has produced first gas from its Matapal project located offshore Trinidad and Tobago.

Key Members Say OPEC+ Can Keep Reviving Supply

Wed, 09/22/2021 - 00:41
OPEC and its allies can likely continue reviving oil production, two key Middle East members said as the group prepares to consider its next supply hike.

Enbridge Oil Sands Pipeline Bottleneck Eases

Tue, 09/21/2021 - 22:29
Enbridge Inc.'s rationing of its heavy oil pipelines plummeted in October ahead of the imminent start up of the company's newest export conduit to the U.S.

Equinor Cleared to Boost Gas Exports to Tight European Market

Tue, 09/21/2021 - 21:02
Equinor receives permission to increase gas exports from two fields on the Norwegian continental shelf to supply the tight European market.

OGUK Welcomes New UK Energy Minister

Tue, 09/21/2021 - 20:51
Industry body Oil & Gas UK has welcomed the appointment of Greg Hands as the country's new Minister of State for Energy.

Valaris Scores Jack-Up Deal Hat-Trick

Tue, 09/21/2021 - 20:48
Valaris wins contracts for several of its jack-up drilling rigs, one of which is for work on the Porthos carbon capture and storage project.

Shell and ConocoPhillips in $9.5B Permian Deal

Tue, 09/21/2021 - 18:35
Royal Dutch Shell plc (NYSE: RDS.A) has announced that its subsidiary, Shell Enterprises LLC, has reached an agreement for the sale of its Permian business to ConocoPhillips (NYSE: COP) for $9.5 billion in cash.