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The latest oil and gas news from around the world.
Updated: 2 hours 12 min ago

US Energy Independence Fuels Persian Gulf Insecurity

Fri, 01/24/2020 - 08:00
The U.S. drive for energy independence fuels Persian Gulf insecurity, according to a new report by Verisk Maplecroft.

SARS Oil Demand Implications Proved Transitory

Fri, 01/24/2020 - 08:00
While SARS was an extreme event, the oil demand implications proved transitory, according to Standard Chartered.

Virus Anxiety Has Oil Poised for Losing Streak

Fri, 01/24/2020 - 08:00
Oil is heading for the longest run of weekly losses since May on fears China's coronavirus outbreak may dent demand amid plentiful global supplies.

Oil Prices Fall As Market Weighs Virus Impact

Thu, 01/23/2020 - 08:00
WTI and Brent crude oil prices finished lower for the third straight trading day.

US Oil Industry Made History in December

Thu, 01/23/2020 - 08:00
API contends it's a win for US consumers.

Sinking Natural Gas Prices Have Drillers Hitting the Brakes

Thu, 01/23/2020 - 08:00
Gas production is showing signs of a slowdown after years of runaway growth.

Anadarko Alum Joins Talos

Thu, 01/23/2020 - 08:00
Talos Energy reported that Robert "Bob" Abendschein will succeed Stephen E. Heitzman.

Enterprise Starts Gas Processing Service at East Texas Plant

Thu, 01/23/2020 - 08:00
The facility can process 200 MMcf/d of gas and extract up to 12,000 bpd of natural gas liquids.

Exxon Mulling Upstream Asset Sales in North Sea, Germany

Thu, 01/23/2020 - 08:00
The two sales could fetch more than $2 billion combined.

Tullow, Total Plan Sale of Stakes in Kenya Oil Fields

Thu, 01/23/2020 - 08:00
The French energy giant is seeking to sell half of its 25 percent stake in the fields.

Total Awards GOM North Platte Contract

Thu, 01/23/2020 - 08:00
Total E&P USA has awarded Worley the FEED contract for its North Platte field development in the Gulf of Mexico.

Keystone XL Takes Another Step Forward

Thu, 01/23/2020 - 08:00
TC Energy Corp.'s long-delayed Keystone XL pipeline took another step forward with U.S. approval of a key stretch of construction.

Focus Projects Strained McDermott Finances

Thu, 01/23/2020 - 08:00
'Focus projects', namely Freeport and Cameron LNG, significantly strained McDermott's finances.

Latest Norway Oil Spending Boom Probably the Last

Thu, 01/23/2020 - 08:00
Western Europe's biggest oil and gas producer just witnessed its final investment boom, according to Norway's largest bank.

API Names New Chairman

Thu, 01/23/2020 - 08:00
Phillips 66 Chairman and CEO Greg Garland will serve as chairman of the API's board of directors for a two-year term.

Alarm Over Virus Pushing Down Oil

Thu, 01/23/2020 - 08:00
Oil extended declines from the lowest close in seven weeks on speculation China's coronavirus outbreak may dent demand as the market tackles a glut of global crude supplies.

Oil Prices Fall Sharply

Wed, 01/22/2020 - 08:00
WTI and Brent crude oil prices dropped sharply during midweek trading amid ongoing concerns about key market indicators.

Oil, Gas Bankruptcy Filings Climb in 2019

Wed, 01/22/2020 - 08:00
The price of oil has been stubbornly immune to sustained increases despite key geopolitical catalysts.

Manufacturers Seek Broader FERC Pipeline Authority

Wed, 01/22/2020 - 08:00
A trade group representing US manufacturers is urging Congress to grant FERC authority to oversee the reliability of interstate gas pipeline capacity.

LNG Sector Enters Unprecedented Territory

Wed, 01/22/2020 - 08:00
The LNG industry achieved six all-time highs last year, according to IHS Markit.

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