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The latest oil and gas news from around the world.
Updated: 53 min 20 sec ago

Oil Prices Falter As Greenback Strengthens

Wed, 07/07/2021 - 04:49
Oil fell the most since late May as a stronger dollar spurred a broad sell-off.

Biden Spokesperson Says Admin Wants 'Affordable and Reliable Energy'

Wed, 07/07/2021 - 02:58
White House Press Secretary Jen Psaki said Biden administration officials are "encouraged" by ongoing OPEC talks.

Lukoil to Operate Offshore Mexico Project

Wed, 07/07/2021 - 02:11
Lukoil will become operator with a $435 million holding company acquisition.

Refiners to Pay More for Saudi Crude

Wed, 07/07/2021 - 00:31
Saudi Arabia raised oil prices for buyers from Asia to the USA.

Patterson-UTI to Expand USA Drilling Fleet 11%

Tue, 07/06/2021 - 22:49
Patterson-UTI's Apex PK high-spec rig. PHOTO SOURCE: Patterson-UTI Energy

What to Watch as the Oil Crisis Evolves

Tue, 07/06/2021 - 19:16
OPEC+ infighting has deprived the oil market of extra supply and sent crude surging to a six-year high in New York.

Subsea 7-Schlumberger Alliance Bags Sizeable Deal

Tue, 07/06/2021 - 18:53
Subsea 7 has revealed that the Subsea Integration Alliance has been awarded a 'sizeable' contract by OKEA for the Hasselmus project.

Pemex Comments on Fire

Tue, 07/06/2021 - 18:43
Petroleos Mexicanos (Pemex) has revealed that immediate actions to control a fire that occurred at the Ku asset avoided environmental damage.

Petrofac Scores Neptune Contract Extension

Tue, 07/06/2021 - 17:28
Petrofac announced Tuesday that it has been awarded a three year contract extension from Neptune Energy.

Oil at 6 Year High as OPEC+ Hits Crisis Mode

Tue, 07/06/2021 - 16:40
Oil jumped to the highest in more than six years after a bitter fight between Saudi Arabia and the United Arab Emirates plunged OPEC+ into crisis and blocked a supply increase.

Analyst Talks Latest OPEC+ Breakdown

Tue, 07/06/2021 - 16:12
Rystad Energy's oil markets analyst looks at the implications of OPEC+'s latest meeting developments.

OPEC+ Deal Fails

Mon, 07/05/2021 - 23:57
OPEC+ abandoned its meeting without a deal, tipping the cartel into crisis and leaving the oil market facing tight supplies and rising prices.

Pemex Will Operate Mexico's Biggest Private Oil Find

Mon, 07/05/2021 - 23:34
Mexico's energy ministry has designated Petroleos Mexicanos as the operator of the country's largest oil discovery by private companies.

Explosion Off Azerbaijan Caused by Mud Volcano

Mon, 07/05/2021 - 22:06
A towering pillar of fire in Azerbaijan's energy-rich sector of the Caspian Sea late Sunday was caused by a mud volcano, according to the country's Emergencies Ministry.

Qatar Petroleum Raises $12B+ in Bond Offering

Mon, 07/05/2021 - 19:48
Qatar Petroleum has announced that it has raised $12.5 billion in a multi-tranche bond offering.

OPEC+ Crisis Deepens

Mon, 07/05/2021 - 19:22
Saudi Arabia and the United Arab Emirates cranked up the tension in their OPEC standoff as the rare diplomatic spat between long-time allies leaves the global economy guessing how much oil it will get next month.

Aker Solutions Lands Offshore FEED Deal

Mon, 07/05/2021 - 19:04
Aker Solutions has been awarded a front end engineering design (FEED) contract by Crown LNG for the Kakinada LNG regassification project offshore India.

Oil Steady as OPEC Clash Leaves Market Guessing

Mon, 07/05/2021 - 18:16
Oil held steady as tensions between Saudi Arabia and the UAE escalated over the weekend.

Troll Phase 3 Start Up Gets Go Ahead

Mon, 07/05/2021 - 17:49
The Norwegian Petroleum Directorate has announced that licensees in Troll Nord in the North Sea have secured consent to start up facilities and modifications associated with the Troll phase 3 project.

OPEC Sec Gen Warns It's No Time for Complacency

Mon, 07/05/2021 - 17:18
This is no time for complacency, according to OPEC Secretary General Mohammad Sanusi Barkindo.