OMV has announced the immediate termination of its long-term natural gas supply contract with Gazprom Export due to multiple fundamental breaches of contractual obligations.
The Organization of the Petroleum Exporting Countries (OPEC) has reportedly reduced its 2024 global oil demand growth forecast for the fifth consecutive month, marking the largest cut so far.
Exxon Mobil has announced plans to increase its oil and gas output by 18% by 2030, with a focus on expanding its operations in the US and Guyana.
TotalEnergies has expanded its gas portfolio by acquiring full ownership of SapuraOMV Upstream, a Malaysian independent gas producer.
Equinor, alongside partners Var Energi and Petoro, plans to start oil production at the Johan Castberg field before February 2025.
Northern Endurance Partnership (NEP) has announced financial close for the UK’s first carbon capture and storage (CCS) project.
Hydrogen startups are addressing critical challenges such as hydrogen production efficiency, and storage, said GlobalData.
Kinetik Holdings has signed a definitive agreement to acquire natural gas and crude oil gathering systems in Reeves County, Texas, US.
The US Department of Energy (DOE) has announced that the completion of reviews for two proposed liquefied natural gas (LNG) export terminals in Louisiana will be delayed.
The Energy Information Administration has forecasted that US net crude oil imports will fall by 20% in 2025 to 1.9 million barrels per day (bpd).
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