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News
Eni, TotalEnergies reach FID on Cyprus' Cronos gas development
16+ min ago (253+ words) (World Oil) — Eni and TotalEnergies have reached a final investment decision (FID) to develop the Cronos gas field offshore Cyprus, advancing the country’s first natural gas project and establishing a new LNG export route from the Eastern Mediterranean to European…...
Oil prices settle at lowest in over a week, as US pauses attacks on Iran
16+ min ago (613+ words) Oil & Gas 360 Oil prices settle at lowest in over a week, as US pauses attacks on Iran (BOE Report) – Oil prices fell on Monday, settling at their lowest levels in over a week, after the U.S. abruptly suspended a campaign…...
Baker Hughes flags lower spending by oil and gas producers in 2026
16+ min ago (341+ words) (BOE Report) – Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and…...
PetroChina weighs LNG Canada stake sale to fund Phase 2 expansion
43+ min ago (297+ words) (World Oil) – PetroChina Co. is weighing options to sell part of its shares in LNG Canada Development Inc. to help fund a planned expansion, according to people familiar with the matter. The Chinese state-owned energy giant is working with an…...
Oman proposes Hormuz management system with voluntary fees, source says
2+ hour, 39+ min ago (462+ words) RIYADH – Oman has presented a proposal to Iran for joint regional management of the Strait of Hormuz with shipping firms paying voluntary fees, a Gulf source told Reuters on Tuesday. The Strait of Hormuz — which carried a fifth of global…...
Economists cut India’s GDP growth forecast on oil price shock
2+ hour, 59+ min ago (314+ words) (Oil Price) – The spike in oil prices and slowing private investments have been weighing on India’s economic growth, which is now seen at 6.6% in the fiscal year to March 2027, a full percentage-point drop from the 7.7% GDP growth in the prior…...
US natural gas prices fall 4% to 11-week low on record output
2+ hour, 59+ min ago (332+ words) Looking ahead, the premium of futures for September over August rose to a record high for a third day in a row, a sign that the market does not seem worried about supplies meeting demand in August, the last month…...
TotalEnergies to appeal court order to adapt business to climate goals
17+ hour, 31+ min ago (316+ words) (Oil Price) – TotalEnergies will appeal a landmark decision of the Paris Judicial Court from last month, which ordered the French supermajor to align its business to climate change goals as it held it responsible for climate change. In a statement…...
Expand Energy to beef up gas marketing business with $1.25 billion Twin Eagle deal
19+ hour, 15+ min ago (256+ words) (BOE Report) – Expand Energy said on Monday it would buy privately held natural gas marketer Twin Eagle Holdings from Five Point Infrastructure for $1.25 billion to expand its marketing business across North America. With U.S. natural gas demand expected to grow,…...
Crude oil futures are pricing market adaptability, not hopeful Iran peace: Russell
1+ day, 2+ hour ago (705+ words) (BOE Report) – One of the debates since the start of the Iran war has been whether crude oil futures are accurately reflecting the stresses in physical markets for both oil and refined products, or if they are blindly optimistic that…...