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Aker BP and its partners in the Johan Sverdrup Unit on Norway's side of the North Sea completed a redetermination that entitles Aker BP to 2.2 MMboe over the next 2 years due to its ownership increasing to 31.7163 percent.
rigzone.com/news/aker_bp_rai…
#oilgas #energynews #oilandgas
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'The acquisition of Savant secures control of strategic infrastructure adjacent to our eastern North Slope acreage, enhancing our ability to execute our planned drilling program efficiently'.
rigzone.com/news/apa_expands…
#oilgas #energynews #oilandgas
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Oil prices fell sharply as hopes grew for a Hormuz reopening agreement between the US and Iran.
#oilgas #oilandgas #oilprices #finance #business #OOTT
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The U.S. and Iran moved closer to an interim peace agreement meant to reopen the Strait of Hormuz.
rigzone.com/news/wire/hope_f…
#oilgas #energynews #oilandgas
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The partnership covers assets valued around $983 million including 705 megawatts of operational capacity.
rigzone.com/news/repsol_brin…
#renewableenergy #energynews #oilandgas
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The Ukrainian state-owned company won 12-year rights to regasify at the liquefied natural gas terminal in Klaipeda, Lithuania.
rigzone.com/news/naftogaz_wi…
#oilgas #energynews #oilandgas
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Russian producers pumped an average of 9.009 million barrels a day of crude in May, according to OPEC.
rigzone.com/news/wire/russia…
#oilgas #energynews #oilandgas
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The U.S. president pulled back threatened military strikes against Iran, a stark reversal that came just hours after he vowed to hit the Islamic Republic 'VERY HARD' and threatened to seize its oil infrastructure.
rigzone.com/news/wire/trump_…
#oilgas #energynews #oilandgas
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'We've had one particular discussion with a proponent, actually a Fortune 500 company, in very general terms about financing the entire project and building the entire project', Alberta's energy minister Brian Jean said.
rigzone.com/news/wire/albert…
#OOTT #oilgas #Canada
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Oil fell sharply after Trump signaled progress toward a potential peace deal with Iran.
#oilgas #oilandgas #oilprices #finance #business #OOTT
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In a blog posted on its website on Monday, GasBuddy highlighted that U.S. gasoline prices had fallen for four straight weeks but warned that 'the streak may be in danger'.
rigzone.com/news/usa_gasolin…
#OOTT #oilgas #gasoline
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Crude oil stocks, not including the SPR, stood at 426.5 million barrels on June 5, the EIA's latest weekly petroleum status report showed.
rigzone.com/news/usa_commerc…
#OOTT #oilgas #USA
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Rystad Energy estimated that if U.S.-Iran 'hostilities were to resume in earnest', oil prices could 'move towards $150 per barrel'.
rigzone.com/news/rystad_warn…
#OOTT #oilprice #oilgas
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Oil prices rose after Trump warned Iran of further US attacks.
#oilgas #oilandgas #oilprices #finance #business #OOTT
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The 50:50 joint venture, which combines Petronas and Eni assets in Indonesia and Malaysia, launches with a production base of 300,000 boed and aims to grow to over 500,000 boed over the next 3 years.
rigzone.com/news/eni_petrona…
#OOTT #oilgas #energy
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The number of oil tankers crossing Egypt's Suez Canal surged by almost a third in April and drove revenue to the highest since early 2024.
rigzone.com/news/wire/suez_c…
#OOTT #oilgas #Suez
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Ksi Lisims LNG said it had executed 'benefits agreements' with Indigenous groups that help clear the path for investors to greenlight the Canadian west coast project by yearend.
rigzone.com/news/ksi_lisims_…
#OOTT #oilgas #LNG
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'Cumulative losses have now reached one billion barrels and are on track to nearly double by year-end under our base case', Rystad Energy MENA Research Director Aditya Saraswat said.
rigzone.com/news/war_erases_…
#OOTT #oilgas #war
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Malaysia's national oil and gas company signed a deal to supply the Japanese integrated power company up to about 2 million metric tons per annum of liquefied natural gas for 20 years from 2028.
rigzone.com/news/jera_awards…
#oilgas #energynews #oilandgas
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