'Under an exclusive three-year engineering partnership, Worley will work with APA to deliver its phased and scalable infrastructure development program aimed at reducing constraints, increasing optionality and improving system flexibility'.
Intercontinental Exchange Inc is working with OKX to launch oil futures contracts that never expire.
Ukrainian forces used long-range drones against Russia's oil-processing and export facilities, in particular the Yaroslavl refinery on Thursday night, Zelenskyy said in a Telegram statement.
Energy markets remain volatile as Iran negotiations and supply risks continue.
Crude oil stocks, not including the SPR, stood at 445.0 million barrels on May 15, according to the EIA's latest weekly petroleum status report.
Chancellor of the Exchequer Rachel Reeves said the UK is closing a tax loophole on oil and gas companies.
Exxon Mobil and QatarEnergy signed an MoU with Egypt to assess the potential of developing natural gas discoveries in Cyprus through the North African country's existing infrastructure.
Enverus Intelligence Research outlined that the Qatari LNG outage will shift the global gas market into a structural deficit.
Oil continues to exert an influence well beyond the energy market itself, Ole Hansen, Saxo Bank's Head of Commodity Strategy, said.
The UK producer completed the purchase of a 50 percent stake in two Shell licenses in the West of Shetland Basin, while entering into an agreement to sell part of its ownership in the Fotla project in the North Sea to Harbour Energy.