Japan's Nikkei to suffer its biggest weekly decline in 11 months due to Middle East conflict
Investors slashed riskier assets as renewed worries arose over the Middle East conflict. The Nikkei Index was flat as of 0219 GMT. It had dropped as much as 1.4% in the morning…
Brazil's Petrobras reports a near $3 billion net income and plans a $1.5 billion dividend
In separate filings, the Brazilian state-run oil company?Petrobras announced a fourth-quarter net profit of?15.6?billion dollars ($2.96 billion). It plans to distribute interest…
Sources say that oilfield production in Iraqi Kurdistan has been halted after a drone strike.
Security sources and an oilfield engineer confirmed that a drone strike struck an 'oilfield operated by U.S. company HKN Energy? in Iraq's Kurdistan Region on Thursday. The attack caused a fire?
FT reports that Glencore will back Kazakh entrepreneur in his purchase of 40% stake Eurasian Resources Group
The Financial Times reported Thursday that Glencore has proposed to support Kazakh entrepreneur Shakhmurat Mutalip in his $1.4 billion bid for a 40% stake in a mining company called Eurasian Resources Group.
Ecopetrol, Colombia's oil company, invests in higher oil prices and Venezuela deals
It said that if oil prices continue to rise due to the 'U.S./Israeli war against Iran,' it will review its investment plans in April. Ecopetrol has predicted that it will invest…
Sources: Uniper talks LNG with Canada to reduce US dependence
Three 'people who are familiar with the matter' said that Uniper, a state-owned German energy company, is in 'talks' with Canada about expanding liquefied gas purchases. This…
As the US-Iran war spreads, more tankers are attacked.
As the U.S. - Iran war escalated on Thursday, Iranian drones invaded Azerbaijan and threatened to spread the crisis?to other oil producers in this region. Initial assessments…
Sources say that BP's international staff was evacuated from the Iraqi oilfield when drones landed on the field.
Three Iraqi oil industry insiders said that foreign staff were evacuated from the 'giant Rumaila' oilfield in Iraq after two unidentified drones landed on the field Thursday.
Dutch far-right legislators argue that Groningen's gas field should not be permanently closed
The far-right party in the Netherlands announced on Thursday that it will propose a proposal to keep the Groningen Gas?field available as a reserve, despite its closure due to seismic risk in 2024.
Novak, the Russian Minister of Energy, says that his government will discuss gas exports to Europe soon.
Minister Alexander 'Novak, the Deputy Prime Minister of Russia, said on Thursday that the Russian government would meet "soon" to discuss ending gas exports to Europe. Vladimir…
Canadian Natural Resources exceeds profit expectations on higher production
Canadian Natural Resources, an oil and gas producer, posted a profit that was higher than expected for the fourth quarter. The company's increased output offset lower crude prices.
Futures on the TSX are muted due to Middle East conflict
The futures that track Canada's main index of stocks were relatively muted on Thursday, even though gold and oil prices rose. Investors are cautious due to the Middle East conflict.
Reeves, UK's Reeves, says that the Middle East crisis makes predicting when the oil and gas profit levies will end difficult.
The British Finance Minister Rachel Reeves told oil and gas executives on Wednesday that it was harder to predict the end of a tax on their profit due to the conflict in 'the Middle East…
Oil companies reject Trump Administration's Alaska Offshore Auction
The Trump administration sold more than 400,000 acres (406,876 hectares) of land in Alaska's Cook Inlet on Wednesday, but no oil and gas drillers showed up. They refused to…
Ecopetrol's Q4 profit drops by 58%
Ecopetrol, Colombia's state-owned oil producer, reported on Wednesday a 58% decline in profits for the fourth quarter compared to a year ago. This was due to lower Brent crude prices…
Pluspetrol in Peru stops gas production following pipeline leak
Pluspetrol, Peru's liquefied gas producer, has halted production of LPG following a rupture and leak on a pipeline in the Amazon region. The ruptured pipeline was operated by Transportadora de Gas del Peru…
Ecopetrol's quarterly profit drops by 61%
Ecopetrol, Colombia's state-owned oil company, reported on Wednesday a 60.8% decline in profits for the fourth quarter compared to a year earlier. This was due to lower Brent crude oil prices…
Australian shares rise as investors buy battered stocks, with banks leading the way
Australian shares eked modest gains on Thursday, as investors picked up beaten-down tech, bank, and energy stocks after a two-day slide triggered by the escalating Middle East conflict.
Harbour Energy's new assets will increase output by 2026
Britain's harbour?Energy increased its 2026 production?outlook on a Thursday. It cited a...strong start to the year,?helped...by....early contributions from.....its newly acquired LLOG assets.
China's five-year plan targets stable oil production, increased gas and stockpiling
China announced on Thursday that it would set a target for its annual oil production of 200 million metric tonnes (4 million barrels per day) as part of its next five-year plans.