Equinor and Aker BP exchange stakes in several Norwegian oil fields
Equinor, a Norwegian oil company and BP said that they had agreed to swap stakes in several 'oil and gas' fields near the Norwegian coast. This could increase production through accelerating new developments.
US oil and Gas Auction for New Mexico Leases Draws Record $4 Billion in Bids
Interior Department reported on Wednesday that a Trump administration auction of drilling rights for oil and gas on federal land in New Mexico and Texas had generated bids totaling $4 'billion.
Colombia completes the exploratory phase for Ecopetrol's geothermal project
The Colombian environment ministry announced a decision on Wednesday to approve the environmental viability of an exploratory phase for the Nereidas geothermal project. This…
Trafigura CEO: Europe's smelters require long-term protection of prices
Trafigura CEO Richard Holtum said that European smelters require "life support", such as price floor protection or long-term price protection, to keep running and compete with the top-end Chinese plants.
Poland to tax oil companies for windfall profits in order to reduce fuel prices
Poland's State Secretary for Energy said on Wednesday that it will propose next week a windfall levy on the profits of 'oil and gas' companies from the surging energy price…
Andy Home: ROI-Supply is hitting galvanize Zinc as expected surplus does not show up
What is the deal with zinc? Last week, the London Metal Exchange's (LME) 3-month zinc reached a four-year high of $3633.50 per ton. This is a 13% increase since the beginning of the year.
JODI reports that Saudi Arabian crude exports in March fell to their lowest ever recorded levels.
Saudi Arabian crude oil exports fell to a new record low in March of?4.974 millions barrels per?day, according to data from?Joint Organizations Data Initiatives (JODI),?data released on Wednesday.
Shell subsidiary sells stakes to QatarEnergy in offshore blocks of Uruguay
QatarEnergy acquired three offshore exploration blocks in Uruguay from Shell's subsidiary, marking its first entry in the South American nation's upstream energy sector. The…
Energean, a gas producer, has cut its output and dividends due to the Mideast conflict.
?Eastern ?Mediterranean-focused gas producer Energean cut its 2026 production forecast and dividend on Wednesday after a 41-day shutdown of its Israeli operations hammered its first-quarter results.
Andy Home: ROI-Supply is hitting galvanized zinc after expected surplus does not show up
What is the deal with zinc? Last week, the London Metal Exchange's (LME) 3-month zinc reached a four-year-high of $3.633.50 metric tons. This is a 13% increase since the beginning of the year.
Australian maintenance workers strike Woodside's North West Shelf LNG Plant
After failed negotiations with the contractor UGL, maintenance workers at Woodside Energy’s North West Shelf and Pluto LNG export plant in Australia went on strike Wednesday.
Goldman Sachs reports that US natural gas production shows signs of price sensitivities
Goldman Sachs stated in a Tuesday note that U.S. Natural?Gas production shows signs of price sensitivity, as Henry 'Hub prices have risen above $3 per million British Thermal…
ConocoPhillips is expecting Qatar gas JVs to be delayed by months, not years.
ConocoPhillips’?Europe Gas chief said that any delays in increasing the liquefied gas production capacity of its joint ventures with Qatar will likely be months and not years. The U.S.
Formentera: Asian gas buyers seek more Australian gas due to supply shortage
The energy-focused U.S. investment firm, 'Formentera Partners,' said Tuesday that many Asian buyers of?oil and gas?, including Japan, might look to purchase more gas from Australia…
Australian Energy Producers claim that the gas review fails to meet supply goals
Australian Energy Producers' (AEP) Chairman Cecile Wake said on Tuesday that government's review of the gas market falls short of its goal to increase supply. Wake said, "We…
Putin: Russia and China are ready to support each other in issues like protecting sovereignty
In a video message, Vladimir Putin, the president of Russia, said that Russia and China were ready to support each other in a wide range of issues, including national unity, sovereignty and protection.
Australia shares fall to a 1-1/2-month low due to commodities and Mideast tensions
On Monday, the Australian share index fell to its lowest level since more than a month, weighed down by heavyweight stocks linked to commodities, and a rise in crude oil prices, which stoked inflationary fears.
Baker Hughes reports that US drillers have added oil/gas rigs to their fleet for the fourth consecutive week.
Baker Hughes, a closely watched energy services firm, said in its report on Friday that U.S. firms added oil and gas rigs for a fourth consecutive week. In the week ending May 15…
Inpex, a Japanese company, will buy a stake in the Australian Browse gasfield from PetroChina
Inpex, a Japanese company, announced on Friday that it would buy PetroChina's 10% share in the Browse gas field offshore of Western Australia. This is the largest undeveloped gas resource for the country.
Sources say BP will cut its pipeline gas trading team, as the focus on LNG grows.
BP aims to dismantle the team that trades pipeline gas, according to two sources familiar with the matter. The oil major is focusing on a larger?liquefied gas (LNG), trading.
