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Sources with knowledge of the situation say that some key leaching chemicals have been withdrawn or cancelled by suppliers in Congo this month.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.
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.
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…
Commonwealth files show that EQT and Glencore have committed to buying more LNG from Commonwealth.
A regulatory filing obtained by revealed that EQT Corp and Glencore had each 'agreed' to buy 1 million metric tonnes per year of liquefied gas from Commonwealth LNG, under 20-year agreements. This brings the U.S.
Sheinbaum, Mexico's Sheinbaum, backtracks from his opposition to fracking and says that new methods are cleaner
The Mexican president Claudia Sheinbaum acknowledged on Thursday a change in her position?on hydraulic fracture, or fracking. She argued that new technologies made?the extraction…
Shell plans to start gas production at the massive Venezuela-Trinidad Loran Manatee Field next year
Gerald Ramdeen is the chairman of Trinidad's National Gas Company. He said that Shell will begin natural gas production in 2027 at the Loran-Manatee field offshore, which crosses Venezuela and Trinidad and Tobago.
Ecopetrol's interim leader pledges to spend efficiently for stability
Interim Chief Executive Juan Carlos Hurtado, of Colombia's state-owned energy company Ecopetrol, said that the firm aims to increase its own sustainability by being efficient in spending…
Occidental finds oil in Bandit prospect, Gulf of Mexico
?U.S. Occidental Petroleum, a shale oil producer, has 'discovered oil at the Bandit Prospect 'in the Gulf of Mexico, which it 'co-owns. Bandit is operated and owned by Occidental.
European and African crude oil prices reach records due to supply disruptions despite ceasefire
European and African crude prices climbed on Wednesday to new'records,' defying a sharp drop in oil futures following the U.S./Iran ceasefire negotiated on Tuesday. Traders…
LAPFF joins the chorus of shareholder advisers recommending dissenting vote on BP Board
The Local 'Authority Pension fund Forum', which represents funds with assets worth over $425 billion ($569 'billion), has'recommended' a vote against BP chairman Albert Manifold…
Argentina adopts mining reform to encourage investment near glaciers
On Thursday, Argentina's lawmakers approved a government reform that promotes mining investment in glacier areas. Environmentalists and scientists said this would weaken environmental…
