Baker Hughes reports that US drillers have added oil and gas rigs to their fleet for the first time in four-weeks.
Energy services firm Baker Hughes reported on Friday that U.S. energy firms added oil and gas rigs this week for the first time since four weeks. Baker Hughes reported that…
Oil derivatives indicate traders view Middle East shocks as short-lived
Oil futures and options are signaling that the Middle East conflict could be short-lived as traders rush to?structures which profit from a decline in prices following the initial spike.
BP to perform maintenance on Central Azeri Platform in August
BP's regional president for Azerbaijan and Georgia, as well as Turkey, Giovanni Cristofoli, said that the company plans to perform scheduled'maintenance on the Central Azeri -platform in August 2026.
BP wants at least $3.7 Billion from Venture Global arbitration, a filing states
Venture Global's yearly report shows that BP wants at least $3.7billion from its arbitration victory against?Venture Global, in a case involving liquefied?gas (LNG). According to the report released this week…
Frontera Energy: Parex bid superior to previous Geopark bid
Toronto-listed Frontera?Corporation, said in a late Thursday statement that, after consulting with independent financial advisers and legal counsel, it has determined that the…
Former Shell CFO to leave, BP Chairman Manifold trims the board
BP Chairman 'Albert Manifold' announced on Friday plans for a slimmer board, as a s part of the resetting strategy by the british oil major. Former Shell Chief Financial Officer Simon Henry was among those leaving.
Japanese stocks set to drop the most in 11 months this week on Middle East conflict
The Japanese stock market suffered its steepest weekly?drop since almost a full year on Friday as?the Middle East conflict? severely disrupted oil traffic through the Strait of Hormuz. This?crippled supply?
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…
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.
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.
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.
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…
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.
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.
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: 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…