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The latest oil and gas news from around the world.
Updated: 1 hour 13 min ago

WTI Settles Above $75

Wed, 07/14/2021 - 03:56
Oil rose to the highest price in more than 2 1/2 years.

Biden Climate Czar Threatens to Bypass Congress on Clean Energy

Wed, 07/14/2021 - 02:59
Even without Congress, the Biden administration is moving to write rules clamping down on greenhouse gas emissions from automobiles, power plants and oil wells.

Report Shows 8K New USA Oilfield Services Jobs

Wed, 07/14/2021 - 02:02
Companies are favoring investor returns over boosting output, according to a trade group.

Refinery Owner Files Chapter 11 in Texas

Tue, 07/13/2021 - 22:05
The refiner sought bankruptcy protection after the EPA closed its facility.

Oil Edges Up as Investors Bet Demand Will Keep Rising

Tue, 07/13/2021 - 18:52
Oil rose on optimism that fuel demand will keep rising and tighten the market, despite a Covid-19 resurgence in many regions.

Wood Becomes Steering Member of Hydrogen Council

Tue, 07/13/2021 - 18:20
Wood has announced that it has become a steering member of the Hydrogen Council.

Shell Sees Opportunity as CCS Market Evolves

Tue, 07/13/2021 - 18:07
Capturing greenhouse gas emissions and burying them underground is one way the world is hoping to slow global warming. It also could be a money-maker for the oil and gas firms developing the technology.

Petronas Chairman to Retire

Tue, 07/13/2021 - 17:54
Petronas has announced that its chairman, Tan Sri Ahmad Nizam Salleh, will be retiring from the company and its board after having served his three year contractual tenure.

Oil Traders Now Focusing on Spread of Covid-19

Tue, 07/13/2021 - 17:09
Oil traders are now refocusing on the spread of the Covid-19 pandemic.

16-Well Drilling Contract Goes to Valaris

Tue, 07/13/2021 - 16:52
An Australia-based operator has awarded Valaris a 16-well contract. PHOTO SOURCE: Valaris

NEO Energy Completes Zennor Petroleum Buy

Tue, 07/13/2021 - 16:39
NEO Energy has announced the completion of its acquisition of Zennor Petroleum Limited.

Maersk Drilling Secures $10.5MM Contract Extension

Tue, 07/13/2021 - 15:52
Maersk Drilling has won an extended well intervention scope for the Maersk Intrepid. PHOTO SOURCE: Maersk Drilling

Gas Import Options Expanding for China

Tue, 07/13/2021 - 15:50
China is gaining LNG and pipeline gas import alternatives, with no respite for European importers.

Oil Prices Settle Lower in Early Week Trading

Tue, 07/13/2021 - 03:56
Oil dipped as traders grappled with the demand implications of a Covid-19 resurgence in several regions.

USA Gasoline Demand Surged 9.5% Last Week

Mon, 07/12/2021 - 22:43
It remains tough, however, for refiners to generate profits even as more drivers take to the roads this summer.

Is the Oil Rally Set to Cool Off?

Mon, 07/12/2021 - 20:03
Here is a preview of what to watch this week in the oil market.

Suriname Has Potential to be Oil Hot Spot

Mon, 07/12/2021 - 19:28
Suriname has the potential to become an oil production hot spot in the near to mid-term, according to GlobalData.

Oil Slips with Demand Outlook in Focus

Mon, 07/12/2021 - 19:08
Oil dipped after a two-day gain as investors assessed the demand outlook amid a Covid-19 resurgence in many regions.

Oil Prices Loom Over Biden Drilling Rights Blueprint

Mon, 07/12/2021 - 18:59
The Biden administration is preparing to release a blueprint for limiting sales of U.S. drilling rights that falls short of the outright ban sought by some environmentalists.

How Will USA Oil Production Evolve to 2023?

Mon, 07/12/2021 - 18:45
U.S. crude oil supply will only marginally increase this summer, according to Rystad Energy's latest analysis.