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Latest Oil & Gas News
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Petrofac, CBI Deal Faces Hurdle as Creditor Arrangement Challenged
The challenge concerns National Insurance contributions for offshore workers from October 1999 to April 2014.Oil Rally Pauses After Trump Pledge
Brent jumped 11% in two days before Trump's escort pledge cooled the rally.UAE Reports Major Fire at Fujairah Oil Hub
Falling debris from an intercepted drone caused a major fire at the United Arab Emirates oil trading hub of Fujairah.Oil is Iran's Weapon of Choice
'Oil is Iran's weapon of choice, and the U.S. gasoline pump is part of the battlefield', SEB Chief Commodities Analyst Bjarne Schieldrop warned. -
GEL Starts Up UK's First Geothermal Plant
Concurrently GEL also launched commercial-scale production of lithium carbonate, a raw material for rechargeable batteries, at the United Downs facility in Cornwall.USA Has No Immediate Plan to Tap Oil Reserve
A decision to tap the Energy Department's Strategic Petroleum Reserve could help stanch prices spikes, at least temporarily.UK, Texas Industry Bodies Comment on Middle East Conflict
OEUK and TXOGA have both issued statements on the ongoing conflict in the Middle East.Naftogaz to Import US LNG via Lithuanian Terminal
'The Klaipeda terminal deliveries complement existing LNG import routes and strengthen the resilience of Ukraine's gas supply, reducing dependence on individual routes and increasing the flexibility of the system'. -
Analysts Warn of Largest Oil Supply Disruption in History
The war between the United States and Israel against Iran has the potential to be the largest oil supply disruption in history, S&P Global has warned.Chevron Completes Third Gathering Pipeline for Israel's Leviathan
The project has raised Leviathan's gas production capacity to about 494 billion cubic feet a year.Petronas Sees No Disruption from Mideast War for Now
'Petronas is closely monitoring the developments in parts of the Middle East with concern'.Crude Jumps on Iran War Escalation
Oil prices surged as conflict disrupted Hormuz shipping and refinery operations. -
Gas Surges as Qatar Shuts World's Largest LNG Export Plant
Qatar shut down liquefied natural gas production at the world's largest export facility after it was targeted in an Iranian drone attack.Talos Plans Appraisal Well for 'Game Changer' Find in Q2
In a statement sent to Rigzone back in August last year, Wood Mackenzie said the Daenerys discovery is a 'game changer' for Talos in the Gulf of America.Seplat Expects 10 Percent Increase in Annual Output
'We benefitted from successful execution of several key offshore activities that kick-started life for Seplat as an offshore operator, while at the same time delivering onshore production performance that was the strongest in recent memory'.Equinor Discovers More Oil around Snorre offshore Norway
Equinor made an oil discovery near the Snorre field, on Norway's side of the North Sea, that could be rapidly developed as a tieback to existing infrastructure in the area.
