The Latest Breaking News from Oil

The Walker oil and gas business, which has global bases, has won the contracts with Equinor for work on the Norwegian Continental Shelf.

The EU wants to champion “green agriculture” in Southeast Asia. But limited trade relations, regulatory nightmares, and distrust could stymie it.

The United States and Saudi Arabia are trying to move beyond a public spat last year that saw strategic ties hit a nadir, as Western and Gulf security concerns align over the threat from Iranian drones, diplomats and regional experts say.

Saudi Energy Minister Prince Abdulaziz bin Salman said the current OPEC+ deal on oil output would be locked in until the end of the year. In an interview published by Energy Aspects, the minister said the oil group can't increase output based solely on initial signals. OPEC+ agreed in October…

Over the past year, most Global South countries adopted a position of studied neutrality on the war in Ukraine. Their self-interest over the principles of international law and stability ended up serving Russian interests and regional tyrants, but not their citizens, who comprise most of the world’s population.

The Abu Dhabi National Oil Company’s gas processing firm plans to sell 4% of its shares to local investors in the latest initial public offering to be made by a state-run energy company in the Middle East

Limiting how much coal countries can burn is considered an urgent priority for restraining global heating. After all, coal is the most carbon-rich of all fossil fuels and its combustion has contributed the most to planetary warming. For the first time in international talks, negotiators agreed to “phase down” coal…

The head of the Federal Energy Regulatory Commission that oversees the interstate transmission of natural gas, electricity and oil on Thursday would not say whether it will launch a formal investigation into soaring natural gas prices in California but did say the agency has assigned staff to examine whether any…

Russia rains missiles across Ukraine, striking its largest oil refinery, Kyiv says, while the head of the Wagner mercenary group predicts the long-besieged city of Bakhmut would fall by April.

Canada's Alberta province on Thursday offered to collaborate with the federal government to incentivize carbon capture utilization and storage (CCUS) investments, as long as Ottawa refrains from introducing climate policies that impact the oil and gas sector without Alberta's consent.

'While Centrica made £100 a second, British Gas hired debt collectors who force-fitted pre-payment meters - it's clear we need a windfall tax to put people before greed'