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Latest Oil & Gas News
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TotalEnergies Discovers More Oil offshore Congo Brazzaville
'The Moho G discovery, together with the discovery previously made on the nearby Moho F structure, represents recoverable resources estimated at close to 100 million barrels'.Rystad Says Energy Repair Costs from War Could Hit $58B
'The scope of damage has expanded materially,' Rystad Energy warned.Aussie Refinery Reduces Production after Fire
Operator Viva expects the blaze at the Geelong refinery, which has a processing capacity of 120,000 bpd, to mainly reduce production for gasoline and aviation gasoline.Oil Prices Holding Firm
Oil prices are 'holding firm' today 'as the market digests a sharp pullback from war-driven panic levels', Naeem Aslam, Chief Investment Officer at Zaye Capital Markets, said. -
Pakistan Army Chief in Tehran to Push Renewed Talks
Pakistan's army chief landed in Tehran to a warm welcome from officials as he tries to help renew talks between the U.S. and Iran after the two sides failed to clinch a peace agreement in Islamabad.Oil Stabilizes on Supply, Diplomacy Mix
Oil prices held steady as US inventory draws offset ongoing geopolitical uncertainty in the Middle East.Gas Spending Jumps 16 Pct for BofA Customers Amid Iran War
Bank of America Corp. saw its customers' spending on gas soar 16 percent in March.Texas Petroleum Theft Task Force Holds Meeting
'More than 40 percent of oil and gas operators indicated that their operations have been impacted by theft in the past year', the RRC noted. -
Construction Begins for Transco Gas Pipeline Expansion
Williams broke ground for the Trump-backed Northeast Supply Enhancement project, which will expand the Transco natural gas pipeline system with a capacity addition of 400,000 dekatherms per day.Demand for Colombia LNG Shipments Set to Surge
Colombian power plants are preparing to ramp up liquefied natural gas imports ahead of an expected El Nino.Petrobras, BP Make New Discovery in Campos Basin
'Petrobras' operations in block C-M-477, in the Campos Basin, are aligned with the company's strategy to replenish oil and gas reserves through activities in frontier exploratory areas, in partnership with other companies'.Equinor to Exit RE Producer Scatec
'Scatec and Equinor continue to be partners in the Apodi and Mendubim operating solar assets in Brazil'. -
EIA Boosts 2026 Brent Oil Price Projection to $96
The U.S. Energy Information Administration increased its 2026 Brent oil price projection in its latest short term energy outlook.BP Expects 'Exceptional' Oil Trading Results for Q1
BP expects the high-price environment to 'increase the dislocation between marker prices versus actual prices realized by BP in 1Q 2026 and increase the impact of price lags'.Analyst Flags Peace Momentum but Gives Oil Market Warning
SEB Commodities Analyst Ole R. Hvalbye issued an oil market warning.Teran Mulls Pausing Hormuz Shipments as Iran, US Eye Fresh Talks
The U.S. and Iran are looking to arrange a second round of peace talks in the coming days, with Tehran mulling a pause in shipments through the Strait of Hormuz to help ease the path toward an agreement on time and place.
