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The latest oil and gas news from around the world.
Updated: 1 hour 20 min ago

Offshore Guyana JV Sets August Spud Window

Thu, 07/15/2021 - 23:56
The Maersk Discoverer is currently operating offshore Trinidad. PHOTO SOURCE: Maersk Drilling

OPEC Projects Mixed Oil Demand Recovery

Thu, 07/15/2021 - 20:38
OPEC forecast a gradual recovery in demand for its crude this year and next.

Bitcoin Miners Eye Nuclear Option

Thu, 07/15/2021 - 18:50
Amid a heated debate over Bitcoin's environmental toll, two companies say they have an answer on mitigating some of the negative effects: Nuclear energy.

Texas Oil Cos in $370MM Merger Deal

Thu, 07/15/2021 - 18:43
Penn Virginia Corporation (NASDAQ: PVAC) has entered into a definitive merger agreement with Lonestar Resources US Inc. (OTCQX: LONE) to acquire the company in an all-stock transaction.

Oil Drops After Surprise Jump in Gasoline Stocks

Thu, 07/15/2021 - 17:45
Oil fell for a second day after a surprise jump in U.S. gasoline stockpiles tempered signs that the American market has returned to robust health.

Neptune Energy Uses Gaming Tech to Digitize Wells

Thu, 07/15/2021 - 17:36
Neptune Energy announced the digitalization of its portfolio of subsea wells in Norway.

ADNOC Dishes Out $760MM+ in Awards

Thu, 07/15/2021 - 16:25
ADNOC has announced an investment of $763.7 million in integrated rigless services across six of its artificial islands in the Upper Zakum and Satah Al Razboot fields.

Crawling Robots Plod Ahead in Oil and Gas Asset Inspections

Thu, 07/15/2021 - 16:09
One of Gecko Robotics' crawling robots performs a pipe inspection. PHOTO SOURCE: Gecko Robotics

KCA Deutag Eyes Growth in Kazakhstan

Thu, 07/15/2021 - 16:08
KCA Deutag has formed a JV with an EPC firm that will focus on PSA projects in Kazakhstan. PHOTO SOURCE: KCA Deutag

Oil Prices Falter with USA Fuel Build

Thu, 07/15/2021 - 04:43
Oil's rally fizzled as a build in USA fuel inventories and a potential OPEC+ agreement to increase supply cooled a buying spree.

Panama Canal Sees Rapid Growth in LNG and LPG Transits

Thu, 07/15/2021 - 01:11
The Panama Canal Authority says vessel transits are rebounding as global trade picks up after the Covid-19 pandemic.

Oil Demand Surges Back in Unusual Way

Thu, 07/15/2021 - 00:48
Oil demand is almost back, only not quite as we knew it before Covid.

UAE Makes Prelim Deal for OPEC+ Quota Hike

Wed, 07/14/2021 - 21:04
The United Arab Emirates has reached a preliminary deal to resolve the its standoff with OPEC+.

Biggest South Africa Refinery Shut Down Due to Unrest

Wed, 07/14/2021 - 19:08
South Africa's biggest oil refinery, a joint venture between Royal Dutch Shell Plc and BP Plc known as Sapref, shut down because of safety concerns and logistical issues.

Petrofac Nets New Deal

Wed, 07/14/2021 - 18:56
Petrofac's Engineering and Production Services business has won a new three year contract with ONEgas.

Oil Eases From 2.5 Year High on Virus Threat

Wed, 07/14/2021 - 17:56
Oil eased from its highest closing level since October 2018 as signs of a strong U.S. crude market were offset by fears over the delta variant's threat to demand.

Shell Proposes Large Scale Canada CCS Project

Wed, 07/14/2021 - 17:45
Shell (NYSE: RDS.A) has announced a proposal to build a large scale carbon capture and storage project at its Scotford Complex near Edmonton, Canada.

TotalEnergies in $750MM+ LNG Deal

Wed, 07/14/2021 - 17:09
TotalEnergies (NYSE: TTE) has revealed that it has entered into a multimillion dollar infrastructure agreement, related to the Gladstone LNG project, with GIP Australia.

World Oil Markets on Edge

Wed, 07/14/2021 - 16:24
World oil markets are on edge with OPEC+ negotiations to boost supply now in deadlock.

Offshore Well Management Contract Goes to AGR

Wed, 07/14/2021 - 16:06
Western Gas has awarded energy services firm AGR a well management contract.

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