Topic
oil-and-gas
60 stories related to this topic, newest first.
iraqinews.comworld4 days ago
Chevron to sign accords with Iraq on Friday for oil field investment talks
Chevron plans to sign accords with Iraq on Friday that will advance negotiations on investing in large oil fields. A senior company executive confirmed the timeline.
al-monitor.compolitics7 days ago
Iraqi Prime Minister to Visit White House; Cabinet Approves U.S. Energy Deals, Replaces Russian Operator
Ali al-Zaidi will meet President Donald Trump during a July 13-18 trip focused on oil, gas and power investments. The agenda follows cabinet approvals for U.S. firms and a policy shift after the Iran war.
Japan Timesworld17 days ago
Asia Reviews Energy Supplies After Four Months of Gulf Conflict
Energy importers across Asia are reassessing supply security following four months of conflict in the Persian Gulf. Policymakers cite the need for larger reserves, more supplier options, and a wider range of power sources.
sana.sybusiness19 days ago
ConocoPhillips Signs Deal with Syrian Petroleum Company to Develop Gas Fields
The Syrian Petroleum Company signed a deal last week with ConocoPhillips and Novaterra ConocoPhillips to develop new gas fields and expand output at existing sites. The agreement was reported July 1, 2026.
Substrate placeholder — needs reviewfinance24 days ago
U.S. Oil and Gas Rig Count Rises to 573
Baker Hughes data released Friday showed the total active drilling rig count in the United States increased by 10 to 573 for the week ending June 26. Oil rigs rose by 7 to 440 and gas rigs rose by 3 to 125.
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business25 days ago
Kazakhstan Cuts Gas Output at Karachaganak After Drone Strike on Russian Plant
Kazakhstan reduced natural gas production by one quarter at the Karachaganak field following a Ukrainian drone attack on Russia's Orenburg gas processing plant. Energy Minister Yerlan Akkenzhenov confirmed the cut on Friday while stating domestic supplies remain intact. Oil outpu…
rigzone.combusiness26 days ago
ADNOC awards stakes in Bab Gas Cap project to BP and TotalEnergies
ADNOC signed agreements on June 25, 2026, granting BP and TotalEnergies 10 percent interests each in the Bab Gas Cap project. The development targets up to 1.5 billion cubic feet per day of gas production from Abu Dhabi's Bab Field.
nationalobserver.comworld28 days ago
Global Gas Flaring Rises to 167 Billion Cubic Metres in 2025, Highest in Six Years
World Bank figures released June 23 show global gas flaring reached a six-year high of 167 billion cubic metres last year. Russia, Iran and Iraq accounted for nearly half the volume. Nine countries produced more than four-fifths of all flaring.
Semaforai29 days ago
UAE-Backed AI Firm AIQ Plans Sales Push into US Oil and Gas Sector
AIQ, a joint venture of ADNOC and Presight, plans to export its nearly 300 AI tools after six years of use at ADNOC. CEO Dennis Jol outlined priorities including the US during a June 19 event in Abu Dhabi. The move follows the UAE's $1.4 trillion US investment pledge.
insurancejournal.combusiness29 days ago
Equinor and Partners to Invest $390 Million Adding Two Wells at Troll Field
Equinor and partners will add two wells to the Troll field in the North Sea. The TWIN project targets 11 billion cubic meters of additional gas starting as early as 2028.
techcentral.co.zaworld31 days ago
Kampala Dialogue Weighs Oil Revenues and Existing Petroleum Fund Rules for Uganda’s Energy-Transition Financing
Government and civil society officials met in Kampala on 19 June 2026 to assess whether petroleum revenues can fund the country's Energy Transition Plan.
nationalobserver.combusiness32 days ago
Equinor to Decide in Early 2027 on Bay du Nord Oil Project Off Newfoundland
The Norwegian company will decide next year on developing the first deepwater oil field in Canada. Updated estimates place recoverable reserves at 550 million barrels.
MarketWatchfinance34 days ago
Oil Stocks Track Energy Sector Moves
Oil and gas companies span upstream exploration, midstream transport and downstream refining. Investors evaluate debt levels, dividend stability and cash reserves when selecting holdings in the sector.
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business-standard.comfinance39 days ago
Kazakhstan to Auction 30 Oil Exploration Tracts on July 29
The Ministry of Energy will offer blocks across six regions with more than 9 billion barrels of oil equivalent in estimated resources. Application deadline is June 30.
rigzone.combusiness40 days ago
EnQuest Agrees to Buy Malaysian Offshore Oil Interests from Petronas for Up to $833 Million
EnQuest PLC agreed to buy stakes in four Malaysian production sharing contracts from Petronas. The deal would add 57,400 barrels of oil equivalent per day to the company's output.
themandarin.com.aufinance41 days ago
BLM Opens 30-Day Public Review of 126,744 Acres in Colorado for Proposed December 2026 Oil and Gas Lease Sale
The Bureau of Land Management opened a public comment period on 114 parcels covering 126,744 federal acres in Colorado. Comments are due by July 9.
The Independentfinance43 days ago
BP Paid £1.2 Billion in UK Taxes in 2025
The energy firm reported its total UK tax payments for 2025, including amounts from the energy profits levy. The figures were released as the government considers changes to tax rules for overseas activities.
Washington Examinerpolitics45 days ago
ANWR Lease Sale Generates $6 Million in Bids on 5 of 58 Tracts
The Bureau of Land Management conducted its first oil and gas lease sale in the Arctic National Wildlife Refuge Coastal Plain on June 5, 2026. Hex Energy LLC and the Alaska Industrial Development and Export Authority placed all bids, and half the revenue will go to Alaska by law.
themarketherald.com.aubusiness45 days ago
Dorado Oil Project Eyes FID in Late 2027 After 2027 Appraisal Drilling
Carnarvon Energy's chief executive said Santos may decide on developing Australia's largest undeveloped oil field by the end of next year amid rising domestic fuel import needs.
insidermonkey.comfinance50 days ago
APA Reports Q1 2026 Results and Raises Full-Year Oil Production Outlook
APA Corporation held its first-quarter 2026 earnings call on Thursday. Executives reviewed financial results, operational performance, and updated guidance for the remainder of the year.
101greatgoals.comfinance51 days ago
Moody's Keeps Congo at Caa2 Junk Rating, Revises Outlook to Positive
Moody's Ratings changed the Republic of Congo's outlook to positive from stable on 29 May 2026 while keeping its long-term foreign and local currency sovereign ratings at Caa2. The move follows four international bond sales that raised nearly $2.5 billion.
citizen.co.zafinance53 days ago
U.S. Extends Deadline for Lukoil Foreign Asset Sale to June 27
The U.S. federal government has granted Lukoil a sixth extension to find a buyer for its international operations. The new deadline is June 27, six months after sanctions were imposed last October.
Washington Examinerpolitics53 days ago
Ceasefire Extension Talks Advance as Oil Prices Hold Steady
Negotiators agreed to extend a U.S.-Iran ceasefire by 60 days and begin nuclear talks, pending President Donald Trump’s approval. Brent crude traded at $93.99 a barrel and West Texas Intermediate at $89.18 a barrel after the announcement.
nypost.comfinance53 days ago
BP Board Removes Chair Albert Manifold After Eight Months
BP removed chair Albert Manifold on Tuesday following a unanimous board vote citing governance and conduct issues. Manifold issued a statement Thursday rejecting bullying allegations while acknowledging he pushed staff hard on costs and performance.
upi.comfinance55 days ago
BP Names Meg O’Neill Permanent Chief Executive
BP has appointed Meg O’Neill as its permanent chief executive. The decision ends any shared authority structure at the top of the company.
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offshore-technology.comworld55 days ago
BP Removes Chair Albert Manifold Over Governance Concerns
BP said it removed Chair Albert Manifold after identifying governance and conduct issues. The board acted less than a year after appointing him and named an interim replacement while it searches for a permanent chair.
sana.syworld55 days ago
Exxon and ConocoPhillips Seek Contract Terms for Possible Venezuela Return
The two companies are seeking durable contract terms and a mechanism to settle billions in outstanding claims before considering renewed operations in Venezuela, two decades after their exit.
rigzone.comfinance55 days ago
North Sea energy firms report declining UK investment confidence
A survey of 121 energy-sector organizations found most still see long-term potential in the North Sea if fiscal and regulatory settings remain stable. Several operators said overseas markets are expected to overtake domestic revenue within five years.
insurancejournal.comfinance56 days ago
Santos Plans Expanded Oil and LNG Output in Australia, Alaska, Papua New Guinea
Santos said it will focus investment on crude oil and natural gas production in three regions. The company recently began output at its Pikka field in Alaska and approved a gas project expansion in Papua New Guinea.
rigzone.comworld56 days ago
Eni Plans to Accelerate $4 Billion Ivory Coast Offshore Expansion
Eni Chief Operating Officer Guido Brusco said the company will seek to speed up a $4 billion expansion of its offshore joint venture with Vitol Group in the Ivory Coast. The statement provides no additional timeline or project details.
dailywire.comfinance57 days ago
Oil Companies Increase Bids for Alaska Arctic Leases
Major energy firms submitted record bids for oil and gas leases in Alaska's National Petroleum Reserve. Recent geological findings and federal policy changes have renewed industry interest in the region.
yahoo.comfinance58 days ago
Norway Increases North Sea Oil and Gas Output After Strait of Hormuz Closure
Norway has raised fossil fuel production to replace supplies lost after the Strait of Hormuz closed. The government plans to reopen three North Sea gas fields and keep output high past 2030.
offshore-technology.comworld58 days ago
Federal Oil Lease Sale in New Mexico Raises $4 Billion
The Bureau of Land Management conducted a federal oil and gas lease sale in New Mexico's Delaware Basin on May 20. High bids and rental payments totaled more than $4 billion, exceeding the prior state record by over four times.
nationalpost.comworld59 days ago
Argentina Offers 15 Vaca Muerta Oil Blocks for Bid
Argentina placed 15 shale oil blocks in the Vaca Muerta formation up for auction. State-controlled YPF simultaneously announced a $25 billion oil export project.
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bbc.co.ukfinance59 days ago
Rystad Energy estimates AI will add $500 billion in value to oil and gas producers by 2030
Rystad Energy estimates that artificial intelligence and digitalization could generate nearly $500 billion in cumulative value for upstream oil and gas companies between 2026 and 2030. The gains would come from lower operating costs, higher production volumes, and shorter project…
Washington Examinerpolitics60 days ago
Republicans Introduce Bills to Exempt Small Oil and Gas Wells from EPA Emissions Rules
Republican lawmakers are introducing legislation in the House and Senate to exempt small oil and gas producers from certain Clean Air Act requirements. The bills target marginal wells and would remove EPA standards for monitoring and reporting greenhouse gas emissions.
Benzingafinance61 days ago
UAE Advances Second Oil Pipeline to Bypass Strait of Hormuz
The United Arab Emirates is accelerating construction of a second pipeline to route oil exports around the Strait of Hormuz. The project is nearly half complete and is now scheduled for completion in 2027.
middleeasteye.netfinance61 days ago
UAE Oil Pipeline Bypassing Strait of Hormuz Reaches 50 Percent Completion
The project is advancing faster than the previously announced 2027 operational target. Officials have not disclosed a revised completion date.
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calgaryherald.comscience62 days ago
Canada and Alberta Agree on Oil Sands Deal Removing Emissions Cap
Prime Minister Mark Carney reached an agreement with Alberta to remove a proposed hard cap on carbon emissions from the oil sector. The deal also includes plans to expand the power grid using natural gas and expedite permitting for a new Pacific Coast pipeline.
financialpost.comworld64 days ago
Uganda Oil Pipeline Project Advances Skills Training Ahead of 2026 Production
Uganda is preparing for first oil production in July 2026. The East African Crude Oil Pipeline project is emphasizing skills transfer and local workforce development.
finance64 days ago
U.S. Upstream Oil Mergers Reach $38 Billion in First Quarter
U.S. upstream oil mergers totaled $38 billion in the first quarter of 2026, the highest quarterly figure in two years. The increase occurred despite a slowdown in March linked to volatility from the Middle East conflict.
naturalnews.compolitics66 days ago
Trump Administration Accelerates Oil Permitting in Alaska Reserve
The administration is advancing plans to streamline the permitting process for oil development inside the National Petroleum Reserve-Alaska. The effort aims to accelerate crude production in the U.S. Arctic region. Officials say the changes would cut delays in federal approvals f…
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Al Jazeerapolitics66 days ago
Canadian Prime Minister Visits Alberta After Court Rejects Separatist Referendum Signatures
The prime minister traveled to Alberta on Friday to announce a preliminary agreement for a crude oil pipeline with the provincial government. The visit follows a court ruling that blocked a separatist group's petition for an independence referendum on procedural grounds involving…
rigzone.comfinance66 days ago
U.S. Rig Count Rises Modestly to 551 but Remains Below Year-Ago Levels
Baker Hughes reported the total U.S. active drilling rig count reached 551 on Friday, with oil rigs rising to 415. U.S. crude production averaged 13.710 million barrels per day for the week ending May 8, while Brent and WTI prices rose sharply amid global supply concerns. Primary…
rigzone.comfinance66 days ago
U.S. Rig Count Edges Up to 551 as Oil Rigs Rise and Gas Rigs Decline
Baker Hughes reported its weekly U.S. rig count data on May 15, showing the total number of active rigs climbed to 551 from 548 the prior week. Oil rigs rose by five to 415 while rotary gas rigs declined by one to 128. The figures mark the latest snapshot of drilling activity in…
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ibtimes.co.ukfinance66 days ago
Argentina Launches Largest Vaca Muerta Auction Since 2016 With 15 Exploration Blocks
Argentina has opened bidding on 15 new blocks in the Vaca Muerta shale formation through provincial company Gas y Petróleo del Neuquén. The auction, the largest since 2016, comes as Vaca Muerta wells outperform major U.S. shale plays and production heads toward 1 million barrels…
indiatoday.intoday.infinance66 days agoUpdated
ADNOC to Double Fujairah Oil Export Capacity with West-East 1 Pipeline by 2027
ADNOC is fast-tracking construction of a new pipeline that will double its export capacity through Fujairah outside the Strait of Hormuz. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan chaired a board meeting reviewing the project as the UAE, which left OPEC on May 1, 2026, seeks…
The Guardianfinance66 days agoUpdated
UAE to Complete Second Oil Pipeline Bypassing Strait of Hormuz by 2027
The United Arab Emirates announced it will finish a new pipeline to the port of Fujairah by next year, doubling its overland crude export capacity to roughly 3.6 million barrels per day. The project, previously undisclosed, comes as a blockade of the Strait of Hormuz approaches i…
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blackenterprise.compolitics67 days ago
Nigeria's Dangote Completes $20 Billion Refinery After Years of Delays
Africa's richest man described how traders, shippers and subsidy beneficiaries delayed land access and tried to block the project that has now altered Nigeria's fuel market. The refinery sources 56 percent of its crude from Nigeria and has reduced the influence of import-dependen…
Semaforworld68 days ago
African Energy Producers Accelerate Plans to Increase Output
Countries across Africa have accelerated plans to boost energy independence following the Iran war. Senegal is seeking $7.5 billion in investment for a gas field discovered about a decade ago. Morocco and Nigeria have agreed to jointly develop a $25 billion pipeline while Africa'…
prnewswire.comfinance68 days ago
Shell Reports Payments to Governments for 2025
Shell plc released its annual Report on Payments to Governments for the year ended December 31, 2025. The filing details payments arising from extractive activities including exploration, development and production of oil, natural gas and minerals. The report was prepared under U…
upi.comfinance68 days ago
Exxon, Shell and Repsol Submit $163 Million in Bids at Alaska Petroleum Reserve Lease Sale
A lease sale in the National Petroleum Reserve in Alaska drew record bids totaling $163 million from Exxon, Shell and Repsol. The Trump administration revived the sales late last year after none were held under former President Biden. Projects including Willow and Pikka are expec…
theedgemarkets.comfinance68 days ago
Saudi Aramco Seeks at Least $10 Billion in Real Estate Sale and Leaseback
Saudi Aramco is pursuing a sale and leaseback transaction for its real estate assets that could raise at least $10 billion. The deal would include the company's residential community in Saudi Arabia's Eastern Province. OilPrice.com reported the plans on Wednesday, citing sources…
Substrate placeholder — needs reviewpolitics68 days ago
Russian Official Accuses U.S. of Seeking to Dominate Global Energy Market
A senior Russian official said the United States is attempting to push Russian energy companies such as Lukoil and Rosneft out of international markets. The official stated that the effort is aimed at gaining greater control over world energy supplies. The accusation was reported…
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al-monitor.comfinance69 days ago
BP Takes 40% Stake in Uzbek Oil and Gas Exploration Blocks
BP has taken a 40 percent participating interest in a production sharing agreement covering six blocks in Uzbekistan's North Ustyurt region. The deal, announced Wednesday, comes as the British energy company resets its strategy to focus on its core oil and gas business. SOCAR rem…
finance.yahoo.comworld69 days ago
TotalEnergies, QatarEnergy and ConocoPhillips Sign Deal to Review Syria Offshore Block
The three energy companies have signed an agreement to assess an offshore block in Syria. The deal focuses on reviewing the potential of the block for future development. The announcement comes as the companies explore opportunities in the region.
rigzone.comfinance69 days ago
Eni Explores Deal on Floating LNG Assets to Raise at Least €1 Billion
Eni has hired Morgan Stanley to explore a potential transaction involving its floating LNG operations. The structure would allow outside investors to provide capital tied to cash flows from those assets while Eni retains control. Reuters reported the early-stage discussions with…
dohanews.cofinance69 days ago
Qatar Asks LNG Tankers to Disable Transponders at Ras Laffan After Strikes on Terminal
Qatar has asked LNG tankers near its Ras Laffan port to disable transponders for safety as it seeks to resume limited shipments following Iranian attacks that damaged the world’s largest liquefaction facility. QatarEnergy declared force majeure on some contracts for up to five ye…
ecns.cnfinance70 days ago
Saudi Aramco Q1 Profit Rises 26%; East-West Pipeline Reaches 7 Million Barrels Per Day
Saudi Aramco reported adjusted net income of $33.6 billion for the first quarter, beating forecasts, as its East-West pipeline reached maximum capacity of 7 million barrels per day amid disruptions from the Iran conflict. The company said the pipeline has helped mitigate global e…
finance70 days ago
Shell Plans to Sell French Service Station Network
Shell intends to sell its network of about 60 service stations in France with a deal that could close in early 2027. The company expects to secure a buyer during the third quarter of 2026. The stations operate under concession contracts and generated an operating profit of $127.5…