European buyers discuss shipping Canadian LNG through the Panama Canal as a diversification of supply
Two sources with knowledge of the situation said that European 'buyers', including Germany's Uniper are looking into the possibility of buying liquefied gas from Canada on the Pacific coast…
European buyers discuss shipping Canadian LNG through the Panama Canal as a diversification of supply
Two sources said that European buyers, such as Germany's Uniper are exploring the possibility of buying liquefied gas from Canada on the Pacific coast, and shipping it via the Panama Canal…
Edison: Qatar gas force majeure may be extended, but US LNG will fill the gap
The Italian importer Edison stated on Wednesday that Qatar may extend the force majeure period on gas supply?past mid-June. They also predicted that U.S. gas would be used to fill in the 'gap instead of Russian gas.
CEO of Energean Energy hopes to make a major discovery in the western Greek waters
Energean, an oil and gas producer in Greece, will be aiming for a large discovery of hydrocarbons near western Greece. The first test drilling could begin as early as next year.
Bank of America exceeded profit expectations as trading and investment banking shine
Bank of America exceeded expectations for the first-quarter profit as increased market volatility drove revenue from equity trading to a record, and a rebound of mergers and acquired fees boosted investment banking.
Eni's Vaar Energi plans a boost in oil production from Arctic Goliat
Vaar Energi, a subsidiary of Italy's Eni and a Norwegian company, announced on Wednesday that it plans to increase crude production 'from its Arctic Goliat 'oilfield with'minority stakeholder Equinor.
Data shows that Russia has delivered a second LNG cargo to China after the sanctions.
LSEG data revealed that Russian energy giant Gazprom delivered a second LNG cargo to China after the sanctions were lifted. The small-scale Portovaya plant, with a capacity…
BP's CEO will simplify the company structure by dividing it into upstream and downstream units
Meg O'Neill will be the new CEO of BP, and she is the fifth head to lead the oil giant since 2020. She took over the role on April 1. The spokesperson confirmed an earlier Financial Times article about the changes.
BP reports 'exceptional trading results' amid volatile oil prices
BP announced on Tuesday that it expects its massive oil?trading -desk to report "exceptional" first quarter results, signalling a windfall resulting from the spike in crude oil prices triggered the U.S.
Chief of IEA says that IEA is prepared to tap into global oil reserves if necessary
Fatih Birol said on Monday that he hoped another oil release was not required, but "we are ready to act" in the event of an energy shock due to the war with Iran. Last month…
Sources say that Congo copper and cobalt miners have reduced their chemical usage as the Iran war has disrupted supplies.
Sources with knowledge of the situation say that some key leaching chemicals have been withdrawn or cancelled by suppliers in Congo this month. This has forced'miners' to reduce…
BP will buy three offshore Namibian block as the shift towards oil and gas intensifies
BP has agreed to purchase an operating 'interest' in three offshore exploration -blocks in Namibia, from Canada-based Eco Atlantic Oil & Gas. This is part of its strategy to expand its upstream portfolio.
Japanese shares fall as US-Iran negotiations fail and a naval blockade is looming
Japanese shares closed lower on Monday after the U.S.-Iran talks broke down over the weekend. The American Navy also prepared a naval blockade of Iranian ports, raising new…
TotalEnergies finds hydrocarbons near existing production sites in Congo
PARIS, '13 April - French oil giant TotalEnergies announced on Monday that it had found hydrocarbons in a drilling campaign to expand the Moho field off the coast of Republic of Congo.
Baker Hughes reports that US drillers have cut oil and gas rigs three times in the last four weeks.
Baker Hughes, a renowned energy services firm, said that U.S. firms have cut the number of oil and gas rigs for the third consecutive week. The number of oil and gas drilling rigs…
OMV names Emma Delaney, a BP executive, as its first female CEO
The Austrian oil-and-gas group OMV will appoint Emma Delaney to the position of CEO and Chairperson of the Executive Board from September. This was announced in a Friday statement.
India's TCS falls after a rare annual revenue decline dulls the quarterly earnings beat and deal wins
Tata Consultancy Services shares fell almost 3% on the Friday after a rare revenue drop in the past year outweighed a strong deal win and a quarterly earnings boost. This suggests…
Indonesia names Pertamina officials, oil tycoons as suspects in an oil procurement probe
Indonesia's Attorney General's Office named seven individuals, including executives of state energy firm Pertamina as suspects in an alleged 'corruption investigation' related to crude oil acquisition.
ConocoPhillips evaluates oil opportunities in Venezuela
ConocoPhillips announced on Thursday that it will send a small team to Venezuela this week to assess oil and gas prospects. The U.S. The?U.S. oil producer left South America?in 2007…
Pemex Dos Bocas refinery fire is the second to occur since March
MEXICO CITY - On Thursday, a fire broke out at a petroleum coke storage facility at?Pemex Dos Bocas?refinery, in southern?Mexico. This is the second fire at this site in less than a week.
