Subscribe to Oil News Feed - Home Page feed Oil News Feed - Home Page
The latest oil and gas news from around the world.
Updated: 3 hours 10 min ago

Majority of GOM Production Remains Offline

Thu, 09/02/2021 - 18:10
Approximately 79.96 percent of oil production and approximately 83.21 percent of gas production in the Gulf of Mexico remained shut-in on September 1 following storm Ida.

Exxon Spuds New Well in Guyana's Canje Block

Thu, 09/02/2021 - 17:38
ExxonMobil has started drilling the Sapote-1 well located on the Canje Block offshore Guyana, its third well in the block this year.

Oil Holds After OPEC+ Approves Production Hike

Thu, 09/02/2021 - 17:04
Global benchmark Brent oil was little changed, near $72 a barrel, after OPEC+ stuck with a plan to boost crude production.

Shell Takes Operatorship of 2 Blocks Offshore South Africa

Thu, 09/02/2021 - 16:06
Impact Oil & Gas has farmed out 50 percent of its working interest in the Transkei & Algoa exploration right off South Africa to oil major Shell.

WTI Erases Loss as US Oil Inventory Report Overshadows OPEC+ Announcement

Thu, 09/02/2021 - 04:40
An EIA report showed total oil products supplied rose to the highest level on record since 1990 overshadowing the OPEC+ announcement to proceed with oil production increases.

Pemex Buying Texas Oil Refinery That Lost $360MM

Thu, 09/02/2021 - 02:48
The Texas oil refinery that Petroleos Mexicanos is buying has racked up a rare net loss of about $360 million this year.

Taqa May Sell Oil and Gas Assets After Review

Thu, 09/02/2021 - 00:12
Abu Dhabi National Energy Co. is considering all options for its oil and gas assets, including a potential sale, as the state-owned utility focuses on growing its utilities business.

Private China Refiners Grab Barrels

Wed, 09/01/2021 - 22:22
Chinese independent oil refiners returned to the physical crude market in recent weeks, aiding a recovery in Asian demand after a government crackdown on the sector had spurred buyers to scale back activity.

CHC Completes Babcock Deal

Wed, 09/01/2021 - 20:22
CHC Helicopter Group has announced the completion of its acquisition of Babcock International's offshore oil and gas aviation business.

Enerplus Selling Sleeping Giant

Wed, 09/01/2021 - 20:09
Enerplus (NYSE, TSX: ERF) has entered into a definitive agreement to sell its interests in the Sleeping Giant field in Montana and the Russian Creek area in North Dakota, both in the Williston Basin.

Ineos Buys Hess Denmark for $150MM

Wed, 09/01/2021 - 19:34
Ineos E&P has completed a previously announced agreement to acquire the subsidiary Hess Denmark ApS for a total consideration of $150 million.

DOI Moving Forward with GOM Lease Sale 257

Wed, 09/01/2021 - 19:13
The Department of the Interior has determined to move forward with the process for Gulf of Mexico Lease Sale 257.

Port Fourchon Sees Weeks for Ida Recovery

Wed, 09/01/2021 - 18:21
The port's top official said in an interview on National Public Radio that recovery would take weeks.

Oil Up as OPEC+ Meet Approaches

Wed, 09/01/2021 - 16:05
Oil rose as September opened, with traders counting down the hours until an OPEC+ meeting that should result in a further rise in output.

USA Oil Sector Examines Ida Damage

Wed, 09/01/2021 - 04:51
Oil and gas producers, and refineries that fuel the U.S., are assessing the impact on operations after the passage of Hurricane Ida.

Oil Finishes August With Largest Monthly Loss Of 2021

Wed, 09/01/2021 - 04:42
Oil ended down slightly on Tuesday with expectations of production returning sooner than later in the wake of Hurricane Ida.

OPEC+ Sees 2021 Oil Deficit and 2022 Surplus

Wed, 09/01/2021 - 00:15
OPEC and its allies expect global oil markets will continue to tighten this year even as they revive output, but then flip into surplus again in 2022.

Ida Making LD Gasoline Most Expensive Since 2014

Tue, 08/31/2021 - 20:28
Hurricane Ida's blow to the oil industry is probably making this Labor Day the most expensive for U.S. drivers since 2014.

Enbridge Pipeline Moves Step Closer

Tue, 08/31/2021 - 19:56
Enbridge Inc.'s Line 3 oil pipeline received a boost after a Minnesota appeals court rejected a challenge to a water permit.

Pemex Restores Production After GOM Rig Fire

Tue, 08/31/2021 - 19:33
Pemex has restored the production of 421,000 barrels of oil per day from the E-Ku-A2 platform, following a fire which occurred on the asset on August 22.