Exploration

Narelle continues to disrupt Australia LNG despite its weakening from tropical cyclone

Narelle, the former tropical storm that weakened in Australia's north-west, continued to disrupt production at two of Australia’s largest liquefied?gas plants Saturday. Narelle, the category four tropical storm that has been ravaging Australia's Queensland and Northern Territory ever since it made landfall on?March 20th, hit Western Australia Thursday.

Zelenskiy: Ukraine reaching agreement on Middle East diesel supplies

The Ukrainian president Volodymyr Zelenskiy stated on Friday that Kyiv is working to reach an agreement with Middle Eastern countries on diesel supplies, the type of fuel most in demand in the country. Zelenskiy spoke to a Ukrainian TV interviewer during a Middle Eastern tour. He had earlier…

Oil and gas exploration is back. Energy giants are hunting to replenish reserves

Executives at the CERAWeek Conference in Houston, Texas, this week declared that global energy companies have returned to the basics, focusing their efforts on finding?new oil and gas sources. This marks the end of years of underinvestment. The'shale revolution' in the U.S. in recent years promised a flexible, abundant supply.

Oil rally fails to boost drilling as services firms are squeezed

Oilfield services firms around the world are bracing themselves for a drop in earnings, as the Iran War?disrupts the energy infrastructure throughout the Middle East. Producers will hold off on new drilling until the higher oil prices have been proven to be durable. Brent's benchmark price has risen 53% in the past two months…

Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.

Baker Hughes, an energy services firm, said that U.S. firms have 'cut back on the number of oil & /natural gas rigs for a second consecutive week for the first time since mid-January. The number of oil and gas rigs, a good indicator of future production, dropped by nine in the week ending March 27 to 543, the lowest level since January 16.

Slovakia is interested in the gas produced by Romania's Neptun Project

The slovak prime minister Robert Fico stated that the country is interested in receiving natural gas from Romania's Neptun Deep offshore Project, as its Russian supplies are set to cease next year. "We 'expressed interest, and said that if Romania plans to export this natural gas outside of its own territory -- that is…

Document shows that the Japanese government has asked wholesalers to switch from Dubai to Brent pricing.

According to a document obtained by on Friday, the Japanese industry ministry has asked domestic wholesalers "to switch to Brent crude oil prices" from the Dubai benchmark when setting gasoline prices. This is an effort to limit price increases. This measure is one of many tools that Japan…

South Korea enforces naphtha export ban amid Middle East supply disruptions

The industry ministry announced that South Korea has begun enforcing an export ban on naphtha as it tries to ensure domestic supplies are not disrupted by the conflict in the Middle East. This move will require refiners divert their exports to the local market, and the government can order the production and allocations of naphtha.

Venture Global and Edison resolve arbitration dispute regarding early Calcasieu Pass gas sales

Venture Global and Edison announced on Thursday that?they?had?reached an agreement in order to settle a longstanding arbitration dispute relating to allegations that the American exporter liquified natural gas had failed to deliver contractual shipments to the Italian firm. The Edison settlement…

After a month of high energy prices, Big Oil will reap billions in profits from the war with Iran

While Big Oil executives met this week to discuss the largest-ever disruption to global energy supply due to the conflict in Iran, they didn't address one aspect of the impact: the multi-billion-dollar windfall that they will make because of the soaring price for the energy they are selling.

Algeria and Spain strengthen their energy partnership

Spain and Algeria have agreed to strengthen their partnership in energy, said Spanish Foreign Minister Jose Manuel Albares on Thursday after meeting Algerian president?Abdelmadjid Tebboune. Albares did not say whether Algeria agreed to increase the amount of gas it supplies to Spain. Iran's…

CNOOC 2025 net profit drops 11.5% despite record production

CNOOC, China's oil and gas giant, announced on Thursday that its net profit for 2025 fell by 11.5% compared to the previous year due to lower crude oil prices. This was despite record oil and natural gas production. According to a filing at the Hong Kong Stock Exchange, China's largest offshore…

CNOOC's 2025 net profits drop 11.5% despite record production

Market operator: Australia gas supply crunch will be delayed until 2030

The feared gas shortage in Australia's east has been delayed by one year, to 2030. This is due to the coal power extension, falling consumption, and rapid battery uptake. "Practical actions make a difference." "More renewables, batteries and sensible gas policies improve energy security and put Australia in a better position…

Residents and wildlife on Mexico's coastline bear the brunt from Pemex oil leak

Guillermo Risso, a community council president in Puerto?Ceiba, a coastal town near the refinery in Mexico's?southern?state of Tabasco, saw luminous flashes before dawn on the morning of March 17. He assumed that the Olmeca Refinery, owned and operated by Mexico's State Oil Company?Pemex was on fire.

Chilean mining industry warns that new fuel tax will threaten competitiveness

The top mining body in the world's biggest copper producer has warned that a temporary tax adjustment on Diesel?driven by Chilean government?to mitigate increasing fuel prices?will hit the mining sector?s competitiveness. * The measure by the government reduces recovery of a diesel tax specific to certain companies in order to finance mitigation measures…

Dallas Fed survey shows first quarter oil activity is up

Activity in?U.S. The Federal Reserve Bank of Dallas released a report on Wednesday that showed the oil and gas industry in Texas, Louisiana, and New Mexico, the three 'key producing states,' increased during the first quarter of the year 2026, although production was stable. The Federal Reserve…

Iraq oil production continues to fall as storages fill up, and exports of Hormuz are blocked by conflict

Three Iraqi energy officials stated on Wednesday that the country's oil production is in decline as the Iran War rages. Storage tanks are at critical levels and the country cannot export crude through the Strait of Hormuz. The officials said that the output?from?Iraq?s southern main oilfields?has further dropped by around 80%, to about 800,000.

EnQuest confirms production forecast for 2026, but UK windfall tax hurts profit

EnQuest, a North Sea oil producer, reaffirmed its production forecast for 2026 on Wednesday. The company is banking primarily on investments in Britain and South East Asia after Britain's windfall tax levies impacted last year's profit. EnQuest, like its competitors, continues to be challenged…

Japan's Nikkei soared as Trump claimed US negotiations ended the Iran war

The Nikkei share average in Japan rose by the most since a week on Wednesday. This was backed up by cautious optimism about the Middle East crisis moving 'towards a possible settlement? after recent volatility. The Nikkei Index benchmark rose by 2.87%, closing at 53,749.62. This is the largest percentage increase since March 18.

Japan's Nikkei soars on optimism about Iran peace plan

The Nikkei average rose by a little over 3% on Wednesday. This was due to cautious optimism that the Middle East Crisis could be moving toward a possible settlement following recent volatility. The Nikkei 225 Index, the benchmark index, grew by 2.93% to reach 53784.43. The Topix index rose 2.5% to 3,648.78. Donald Trump, the U.S.

US shale companies unlikely to drill $100 per barrel unless prices remain high, executives claim

Shale executives?said that oil prices above $100 a barrelle would 'not trigger a meaningful increase in production in the U.S. unless the price remained high for a period of more than a year, at the CERAWeek conference?in Houston. This is troubling news for the consumers who have been hit by the energy 'crisis during the U.S. and Israeli war on Iran.

India orders the strengthening of its natural gas infrastructure amid shortages

India issued an order Tuesday to address obstacles in building and expanding its natural?gas?infrastructure, as it aims to 'diversify' its fuel supply in the face of disruptions on global energy markets due to the U.S./Israeli war against Iran. The conflict has caused disruptions in shipping and gas supply…

Industry executives warn that the global energy crisis is worsening; attempts to plug the supply gap are not enough.

Executives and oil ministers reaffirmed that the global energy crisis has worsened as emergency measures by governments around the world have failed to plug the huge shortfall of oil and gas caused by the U.S. and Israeli?war against Iran. Energy, fertilizers, and petrochemicals costs are…

Australia announces $1.4 billion in support for Rio's Boyne Aluminium Smelter

Australia announced a?A$2 Billion ($1.40 Billion) over ten years to support Rio Tinto's Boyne Smelters, the country's second largest aluminium smelter. Federal Industry Minister Tim Ayres stated that the investment will be equally funded by both the federal government and Queensland's state governments. Rio Tinto will underwrite investment in energy assets.

Venture Global CEO: We are working with critical LNG cargoes to ship globally

Venture Global, a liquefied natural 'gas exporter, is working with countries all over the world to 'help cover shortages of supply in the short term, said CEO Mike Sabel on Tuesday at.the CERAWeek conference in Houston. The world was reeling from the attacks on energy infrastructure during the U.S. - Israeli war against Iran.

Venture Global CEO: We have enough LNG to last for a long time.

Venture Global, a liquefied natural 'gas exporter, is working with countries all over the world to deliver vital cargoes. CEO Mike Sabel made this statement on Tuesday - at the CERAWeek conference in Houston. The world was reeling from the attacks on energy infrastructure during the U.S. - Israeli war against Iran.

Venture Global CEO: We have enough LNG to last for a long time.

Venture Global, a liquefied natural gas exporter, has sufficient?short-, medium- and longterm supplies. It is also working with countries all over the world to deliver vital cargoes. This was CEO Mike Sabel's statement on Tuesday, at the CERAWeek conference in Houston, Texas. The markets…

Head of Brazil's Petrobras will visit Mexico to discuss partnership between Pemex and Petrobras

According to Mexican President Claudia Sheinbaum, the head of Brazil's?oil firm Petrobras will?visit Mexico next April to discuss an upcoming partnership with Mexico’s state-run oil company Pemex. Sheinbaum said during her morning press conference that she had not decided yet on the recent…

Shell CEO warns that energy shortages could occur in Europe by the end of next month.

Shell CEO Wael Sawan warned on Tuesday that energy shortages in Europe could occur by the end of next month. Sawan added that Shell is working with governments in order to address the energy crisis. This includes storage and purchasing. Sawan said that the Middle East conflict has already impacted jet fuel supplies.

Danish funds challenge Nordea at AGM over Arctic Oil

A shareholder resolution urging Nordea to stop funding companies that are expanding Arctic oil and natural gas production is supported by at least?three Danish institutions investors. The pension funds Akademiker Sampension and Velliv announced their voting intentions on Tuesday, ahead of the annual general meeting of the bank.

Venezuela will owe Eni $3.3 billion by the end of 2025 according to an annual report

Eni owed Venezuelan oil company PDVSA $3.3 billion at the end of last year. This included around $1 billion in accrued interest. The Italian company revealed this in its annual report. Eni and Spanish oil firm Repsol produce gas in their jointly-owned Perla offshore project - the only offshore gas project active in Venezuela.

Equinor begins drilling in Brazil's Raia and plans to explore the Santos Basin by 2027

Equinor's top executive in Brazil said that the Norwegian company has begun drilling for the offshore Raia natural-gas project in Brazil. It is also planning new 'exploratory activities in Brazil. Equinor Brazil Country Manager Veronica Coelho said that the project in Campos Basin is expected to begin production by 2028.

Sinopec will increase Bohai Bay Shale Oil as a backup to maintain output

Sinopec, the Chinese oil company, will increase shale oil production in the Bohai Bay basin following a successful pilot. The resources gained from this project will be used to sustain oil production for a longer period of time, according to its chairman. Sinopec has pumped 7.3 million barrels…

Danish funds challenge Nordea at AGM over Arctic Oil

Two Danish institutional investors have backed a shareholder resolution calling on the Nordic region's largest bank,?Nordea, to cease all financing of companies that are expanding Arctic oil and gas production due to environmental risks. Investors, pension funds Sampension and Akademiker…

HMH Holding, backed by Baker Hughes, seeks $948 Million valuation in US IPO

HMH Holding, an oil and gas equipment manufacturer, said it aimed to raise up to $948m in its initial public offering in the United States. The company entered the market at a time when the price of crude was surging. The company aims at raising $231 million through the IPO. It will sell 10.5 million shares between $19 to $22 each.

Union calls for return to negotiations after BP locks out Indiana oil refinery

The United Steelworkers stated on Monday that BP engaged in unfair 'labor practices' by locking out nearly 800 workers at a?Whiting oil refinery. They urged BP to resume contract negotiations. Roxanne Brown, USW 'International President, said that BP's decision of locking out these skilled workers was illegal and unacceptable.

Venture Global talks about settling arbitration cases with Energy Companies

Venture Global has begun discussions with energy companies to settle pending arbitration claims against the company for failing to provide?LNG? from its Calcasieu Pass facilities in a timely fashion, said CEO Mike Sabel on Monday at a roundtable session during the CERAWeek Conference in Houston.

UAE's ADNOC Gas adjusts LNG production in response to the shipping disruption

ADNOC's gas subsidiary, the state-owned oil company of Abu Dhabi, announced on Monday that it had temporarily adjusted its production of liquefied natural gas and export traded liquids in response to the ongoing shipping disruptions in Strait of Hormuz. The U.S. and Israeli war against Iran intensified over the weekend…

UAE shares fall on Iran's warning of retaliation against Gulf water and energy infrastructure

The stock markets of the United Arab Emirates fell on Monday, 'after Iran warned that it would attack energy and water infrastructure in the Gulf region if U.S. president Donald 'Trump followed through with a threat to attack its electricity grid. Trump threatened on Saturday to "obliterate"…

UAE's ADNOC Gas adjusts LNG production in response to the shipping disruption

ADNOC's gas subsidiary, Abu Dhabi’s state oil firm, said on Monday that it had?made temporary adjustments? to its production of liquid?natural gas? and export-traded liquids? in response?to?the?ongoing shipping disrupt?ion in the Strait of Hormuz. Iranian officials responded by saying that if they were attacked…

Birol, IEA chief, says that the IEA is discussing future oil releases.

Fatih Birol, the Executive Director of the International Energy Agency, said that they are consulting with governments from Asia and Europe on how to release more oil "if needed" because of Iran's war. We will, of course do so if it's necessary. IEA members nations agreed to release a record…

Energy Minister: Australia's fuel supply is strong and there are no plans to ration it

Chris Bowen, Australia's Energy Minister, said that the country's fuel supply is strong and there are no immediate plans to restrict fuel to deal with the Iran 'war'' impact on its'supply chain'. As the U.S./Israeli conflict escalates, Australia has seen localised fuel shortages. Bowen, in a televised statement…

Egypt has announced that it will pay arrears of $1.3 billion to oil companies in June

The petroleum ministry announced on Saturday that Egypt would pay $1.3 billion in arrears owed to international oil companies by June. This is a significant acceleration of the previous timetable. Egypt had accumulated arrears of $6.1 billion to foreign oil companies as of June 30, 2024.

Colombia: Venezuela's PDVSA intends to terminate pipeline contract with Ecopetrol

Edwin Palma, Colombia's Energy?Minister, said Venezuela's PDVSA state oil?company intends to terminate a contract with Colombia Ecopetrol?over?the Antonio Ricaurte?pipeline. He claimed that there was not enough?investment in its repair. Palma, in a Saturday post on X, said that the government planned to meet the U.S.

JERA seeks more LNG to hedge growing Middle East risk

JERA, Japan's largest liquefied gas buyer, has begun discussions with global suppliers about possible additional purchases to protect against Middle East supplies worsening. This is despite a major LNG supplier saying the price spike would be short-lived. The U.S./Israeli war against Iran has caused the QatarEnergy LNG plants to be shut down…

BP's Kaskida project is approved by the US, a spokesperson said.

A company spokesperson said in an emailed statement sent late Friday that the Trump administration has approved the Kaskida Project in the Gulf of Mexico. The $5 billion investment would unlock 10 billion barrels in resources that BP has discovered in the Paleogene field of the U.S. Gulf according to the spokesperson. A statement stated that the U.S.

BP revised its Whiting oil refinery offer after unions rejected the proposal

BP issued a revised contract to its union 'workers' at its Whiting oil refinery in Indiana on Friday after the United Steelworkers overwhelmingly voted against what BP had described as its 'last, best, and final proposal. Last week, BP presented to the union what it called its "final offer" and stated that it would expire within 10 days.

BP revised its Whiting oil refinery offer after unions rejected the proposal

BP issued a revised offer of a contract to its union?workers in its Whiting, Indiana oil refinery. This was after members of the United Steelworkers overwhelmingly refused what the 'company' had described as its "last, best and final" -proposal. BP said that the offer would expire after 10 calendar days.

Baker Hughes reports that US drillers have added oil and gas rigs to their fleets for the second week running.

Baker Hughes, an energy services company, said in a closely-followed report on Friday that U.S. firms added oil and natural gas rigs this week for the second time in a row. The number of oil and gas drilling rigs, a good indicator of future production, increased by two in the week ending March 13 to reach 553 - its highest level since November 2025.

Venture Global will proceed with the second phase of CP2 Liquefied Natural Gas project

Venture 'Global announced on Friday that it will move forward with the second phase of its CP2 liquefied - natural gas - project in Louisiana. The second largest LNG supplier in the U.S. said that this project was important for global energy security and supply. Since Qatar, which produces 20 percent of the world's LNG…

Naftogaz, a Ukrainian gas transport company, has won a $1.4 billion case against Gazprom.

Naftogaz, the Ukrainian state-owned energy company, announced on Friday that it had won a legal case against Gazprom in Russia over the payment for a debt of $1.4 billion for gas transport. The Swiss Federal Supreme Court rejected a request from Gazprom seeking to reverse an arbitral award…

USW rejects BP's last offer to Whiting refinery employees

The U.S. United SteelWorkers union members voted Thursday to 'overwhelmingly reject' what energy giant BP called their "last, best and final" contract proposal for those who work at its Whiting refinery, Indiana. Last week, BP presented the union a "Last, Best and Final Offer" (LBFO), and stated that it would expire in 10 calendar days.

Glencore hopes to revive Rio Tinto's deal with coal prices turning

Three investors who met with the leaders of both companies in Australia this week said that Glencore CEO Gary "Nagle" hopes the recent rise in coal prices can help Rio Tinto return to the table for a new attempt at creating the largest mining company. Both companies were in discussions?earlier in the year? to create a $240 billion company.

Helium prices rise as Qatar LNG shutdown exposes fragile supply chains

The Iran war has caused disruptions in Qatar's natural-gas processing, which have pushed helium prices up sharply. This exposes the fragility of this small but important market that supports industries ranging from semiconductors to imaging. According to Phil Kornbluth of Kornbluth Helium Consulting's president…

Maurel & Prom, a French oil company, has seen its 2025 profits slump due to lower crude prices

Maurel & Prom, a French oil company, reported a 32% decline in profit for 2025 on Thursday. The drop was due to lower crude prices and a weak global demand. The shares of the?company traded 0.5% higher at 0815 GMT, after a drop of 1.9% in early trading. In 2025, earnings?before interest taxes depreciation amortization and amortization?

Bloomberg News: Trump will invoke emergency law to protect California oil producer Sable

Bloomberg News reported that U.S. President Donald Trump intends to invoke the 'emergency laws' for Sable Offshore in order to restart production from a cluster of offshore platforms located in California. A person familiar with this matter was quoted as saying so. In?afternoon trade, shares of Sable rose by 16.3% to $16.75.

Enverus reports that global dealmaking for oil and gas upstream in 2025 was muted.

Enverus, a firm that provides analytics, said Wednesday that the upstream oil and natural gas market in the world will remain?subdued' for the second consecutive year, with only $18 billion in deals. The firm stated in a recent report that fewer 'high-quality resources' and lower oil prices…

Peru approves environmental studies for Buenaventura Copper Project worth $3.4 billion

The state certification office of Peru announced that the country approved an environmental study on Wednesday for Buenaventura - one of the largest mining firms in Peru - to proceed with its southern Trapiche Copper Project with an estimated investment amounting to $3.4 billion. The Environmental…

BP and Chevron top the list of bidders at a small US Gulf of Mexico gas and oil auction

According to a U.S. government livestreamed auction, BP's single bid accounted for almost half of the total. The U.S. Bureau of Ocean Energy Management conducted the sale. It was a far less successful one than the previous auction three months earlier. Donald Trump's administration prioritizes regular lease sales and plans to have 30 in the area by 2040.

Gazprom claims that TurkStream pumping stations and other facilities were attacked

Gazprom reported Wednesday aerial attacks against its southern Russian facilities, including the Russkaya Pumping Station that exports natural gases via the 'TurkStream' subsea gas pipeline to Europe. However, the company added that the attacks were all foiled. The facilities, 'linked to the TurkStream or Blue Stream pipelines'…

OPEC data show that Russian oil production fell by 56,000 bpd during February.

According to a copy of OPEC's monthly data, reviewed on Wednesday, Russian oil production fell by around 56,000 barrels a day or 0.6% in February compared to?January, bringing it down from 9.184 million bpd. The U.S. has imposed pressure on India, Russia's second largest buyer, to reduce crude oil exports.

Aramco requests dual loading nominations from buyers amid the Hormuz Crisis, sources claim

Multiple sources have confirmed that Saudi 'Aramco asked buyers to provide a crude loading plan for its main 'export terminal in Ras Tanura and Yanbu at the Red Sea for shipments scheduled for April, as the U.S. Iran conflict has disrupted exports out of the Middle East. The U.S. and Israeli…

Sakhalin-1, a Russian oil refinery, will reduce output by 10% by 2025

The U.S. abandoned the 'Sakhalin-1' project in Russia, which was a major oil production facility. ExxonMobil's major ExxonMobil continued to decline last year. It fell by 10.3% due to planned maintenance. The production volume, which is expected to fall 9.8% by 2024, was not provided. Exxon…

After failed pay negotiations, workers at Glencore Australia plan to strike

The Australian Workers' Union (AWU), which represents workers at Glencore's copper'refinery' in North Queensland, announced on Wednesday that they plan to 'go on strike' after nearly a year of 'failed' negotiations over pay and conditions. The union has said that workers at Townsville refinery…

Gulf of Mexico Oil and Gas Auction yields Far Fewer Bids Than First Trump Sale

According to a document posted on the government's website, the second auction of oil and natural gas leases in the Gulf of Mexico by the Trump administration in three months drew far less interest from the industry than the one held in December. Oil prices are at four-year highs due to the U.S.'s war against Iran…

LNG Canada increases production as Iran's war threatens global supplies

LSEG data shows that LNG Canada, a Shell venture, has increased production and exports to Asia in the past month. This is because 'the iran war' threatens Asian gas supplies, which are especially vulnerable to global disruptions. Data shows that the LNG project in Kitimat (British Columbia)…

LNG Canada increases production as Iran's war threatens global supplies

LNG Canada, a Shell venture, increased production?and exported to Asia in this month. LSEG data shows that the Iran 'war' threatens Asian natural gas supply, which is particularly vulnerable to disruptions on a global scale. Data shows that the LNG project at Kitimat in British Columbia exported five cargoes during the first eleven days of March.

GeoPark rejects Frontera's offer to increase the price of its Colombian oil and gas assets

GeoPark announced in January a definitive deal to acquire Frontera's oil & gas exploration and production assets for $375m. The Parex offer was first announced in February and is valued at $500,000,000 in cash. This includes the assumption of debts as well as a contingent payment for $25,000,000.

Bloomberg News reports that oil magnate Sargeant's firm loaded 1 million barrels of oil for China.

North?American Blue Energy is a company that has been backed by the United States. Harry Sargeant III is a renowned energy magnate who has made a decision to export?1,000,000 barrels of?Venezuelan oil for delivery into China. Bloomberg News reported this on Monday, citing an official document.

Oil majors are still stuck on the sidelines as Iran's war increases oil prices.

Oil prices rose to their highest level since 2022 on Monday, but the shares of major producers such as Shell and Exxon Mobil are still only seeing modest gains'since the U.S. - Israel war on Iran 'broke out last month. This suggests that traders believe the pain in the market could be temporary.

Brazil's Ultrapar taps BTG for possible Ipiranga stake sale, Chevron interest reported

Two people familiar with this process said that Brazilian?conglomerate Ultrapar?has?tapped??investment banking BTG Pactual to handle the sale of a potential stake in fuel distributor Ipiranga. The?Brazil Journal had reported earlier in the day that oil company Chevron and Ultrapar were in advanced negotiating?talks for a 30% stake of Ipiranga.

Venture Global promises on-time LNG delivery amid Middle East conflict

Venture Global LNG, a U.S. developer of liquefied natural gas (LNG), has informed customers that its Plaquemines plant in Louisiana is under construction. The letter was seen by the. Venture Global LNG, a Virginia-based firm, wrote to customers of Plaquemines Phase 1 on Friday and stated that it will begin long-term deliveries on October 31…

Shell sells Jiffy Lube for $1.3 Billion to Monomoy Capital

Shell announced on Monday that it would sell its Jiffy Lube chain of lubricant shops to an affiliate of private equity firm Monomoy Capital Partners for $1.3 billion. The oil major is continuing to divest non-core assets as part CEO Wael sawan's strategy. Premium Velocity Auto is also included in the sale, which is the second largest Jiffy Lube franchise.

AFR reports that Glencore is open to listing Australia if it's beneficial.

The Australian Financial Review reported that Glencore was "open" to considering a listing in Australia if it proved beneficial for the company. This follows the failure of merger negotiations with Rio Tinto. According to the report, a secondary ASX listing could attract more investors. "It would give investors an alternative option other than Rio and BHP…

Oil and Gas Industry urge EU to stop methane emission law

Oil and gas companies warned that the European Union's methane emission law could disrupt Europe’s fuel imports if it is implemented next year. The?industry's call comes after the U.S. The?government asked the EU to exempt U.S. gas and oil from the rules. Brussels has offered more flexible options for companies to comply with the rules…

Nscale, backed by Nvidia, valued at $14.6 Billion in a new funding round

The 'artificial intelligence' group Nscale, which is backed by Nvidia and has raised $2 billion through its latest funding round, was valued at $14.6 billion on Monday. The Series C round of funding was led by Norway’s Aker and 8090 Industries and included Nvidia Citadel Dell Jane?Street among others.

Merafe Resources' profits plunge after soaring electricity costs close smelters

Merafe Resources, a South African company, reported a 72% drop in its full-year profits on 'Monday. This was after it suspended operations at its ferrochrome smelters because of high electricity prices. Merafe’s headline earnings per shares fell from 42.9 South African Cents to 12.2 South African Cents for the year ending December 31, 2025.

Indian refineries tumble as crude prices surge on the escalating Iran war

The shares of Indian'refiners' fell on Monday as the escalating 'U.S.-Israeli conflict with Iran pushed Brent crude to $120 per barrel, a price that is a near four-year-high. This threatens their short-term earnings. Indian Oil, a state-run company, fell 6.6%. Hindustan Petroleum fell 7.5%. Bharat Petroleum plunged 7.1%.

Santos and Beach Energy have approved the Moomba Central Optimization project

Australia's Santos said Monday that it would?proceed?with?the Moomba Optimisation Project in the Cooper Basin of South Australia with its joint -venture partner,Beach Energy. Santos announced that it would invest $357 million into the project. The project is expected to?be delivered over three years. Santos, Australia's No. Santos, Australia's No.