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The latest oil and gas news from around the world.
Updated: 2 hours 9 min ago

Oil Prices Finish Higher at Midweek

3 hours 7 min ago
The WTI edged upward and the Brent moved closer to the psychologically significant $75 mark.

Biden Leasing Ban Faces Uncertain Future

5 hours 16 min ago
The ruling requires the Interior Department to immediately restart leasing while legal challenges to the ban continue.

Study Highlights Shortcomings of ESG Ratings

Wed, 06/16/2021 - 21:46
Environmental, social, and corporate governance (ESG) scoring metrics lack consistency and clarity, University of Chicago researchers found.

Schlumberger and Subsea 7 Share Bacalhau Contract

Wed, 06/16/2021 - 20:31
Equinor has awarded a Schlumberger-Subsea 7 partnership a contract for its Bacalhau project. IMAGE SOURCE: Schlumberger

ERCOT Asks Texans to Reduce Electric Use

Wed, 06/16/2021 - 19:00
The Electric Reliability Council of Texas (ERCOT) is asking Texans to reduce electric use as much as possible through Friday June 18.

Europe Gas Shortage Boosts Coal Comeback

Wed, 06/16/2021 - 18:26
Europe is so short of natural gas that the continent is turning to coal to meet electricity demand that is now back to pre-pandemic levels.

Proserv Buys Middle Eastern Business

Wed, 06/16/2021 - 18:15
Proserv Controls has announced the acquisition of the trade and assets of Dron & Dickson Electromechanical Contracting (DDEC) LLC.

Judge Blocks Biden Oil and Gas Lease Pause

Wed, 06/16/2021 - 17:37
A federal judge has blocked the Biden administration's suspension of new oil and gas leases on federal land and waters.

SPE Offshore Europe Event Postponed

Wed, 06/16/2021 - 17:19
SPE Offshore Europe's live event has been postponed, the show's organizers have announced.

Oil Marches Toward $75 as Market Tightens

Wed, 06/16/2021 - 16:28
Oil extended a powerful rally, with global benchmark Brent closing in on $75 a barrel.

$510MM Middle East Contract Goes to Saipem

Wed, 06/16/2021 - 15:25
ADNOC Sour Gas has awarded Saipem a contract to expand the Shah Sour Gas Plant. PHOTO SOURCE: ADNOC

Oil Price Rally for 2021 Approaches 50%

Wed, 06/16/2021 - 03:48
Oil climbed as a chorus of prominent traders in the crude market said prices will continue to rise.

Transocean to Take Advantage of Reddit Darling Status

Tue, 06/15/2021 - 23:47
The drilling contractor's shares have gained 75% this year.

Texas Law Combats War on Oil and Gas

Tue, 06/15/2021 - 22:41
Governor Greg Abbott signed a bill into law on Monday banning state investments in businesses that cut ties with the oil and gas industry.

McDermott Nets 2 EPCC Refinery Deals

Tue, 06/15/2021 - 18:44
McDermott International has received two engineering, procurement, construction, and commissioning contracts from Indian Oil Corporation Limited.

Schlumberger Asset Sold for Initial Payment of $1

Tue, 06/15/2021 - 18:31
Sound Energy has entered into a sale and purchase agreement with Schlumberger Holdings II Limited to buy the entire issued share capital of Schlumberger Silk Route Services Limited.

Petrofac Makes New Senior UK Appointment

Tue, 06/15/2021 - 18:15
Petrofac has announced that it has made a senior UK appointment to support the continued growth of its offering in the new and renewable energy sectors.

Conditions Ripe for Oil Price Boom

Tue, 06/15/2021 - 17:18
Conditions are ripe for an oil price boom during the next two years, according to BCG.

Oil Steady as Traders Weigh Demand and Variants

Tue, 06/15/2021 - 16:26
Oil traded above $71 a barrel as investors weighed the outlook for rising demand against extended anti-virus curbs in some economies.

Petrobras Awards $2.3B FPSO Contract

Tue, 06/15/2021 - 15:38
It will be the eighth FPSO to operate in the Buzios field. PHOTO SOURCE: Andre Ribeiro/Petrobras Agency