The European Union has to coordinate its plans to impose a full ban on maritime services for Russian crude oil with the G7 group of the world’s most advanced economies, David O’Sullivan, the EU Sanctions Envoy, said on Thursday.
Diversified Energy has agreed to acquire natural gas properties and related facilities in East Texas from Sheridan Production for $245 million in cash, expanding its operated footprint in the region.
Federal regulators have officially reopened a door California politicians have spent years trying to weld shut.
Venezuela’s government has suspended 19 production-sharing agreements with private oil companies, Reuters has reported, citing unnamed sources. The deals are for projects in Lake Maracaibo, the Orinoco Belt, and several mature fields.
Oil swung as traders parsed competing headlines on the status of negotiations between the US and Iran.
The UK may be quietly inching toward an awkward admission: the windfall tax experiment on oil and gas has been a flop.
The UK Treasury is considering scrapping a windfall tax on North Sea oil and gas following persistent pushback from producers, according to a person familiar with the matter.
bp Plc is aggressively expanding shale drilling, bucking the conservative approach of many rivals, as the UK oil giant seeks to reverse years of anemic output.
Aramco has marked two major milestones in its gas expansion strategy with the start of unconventional production at the Jafurah field and the commissioning of the Tanajib Gas Plant, reinforcing its target to significantly expand Saudi Arabia’s gas production capacity by 2030.
Eni’s oil and gas production rose by 7% in the fourth quarter from a year earlier as the Italian energy major started up six major new projects in 2025.