BP to sell stakes in the portfolio and close its venture arm
Verdane has agreed to buy minority stakes in over 10 companies from BP's portfolio. Meg O'Neill - the CEO of BP who took over the top position in April - said in a statement…
Chairman of Chile's Codelco says the company expects copper production to remain flat in coming years
Codelco, the state-owned copper?miner in Chile, expects to maintain current production levels over the next few years, said chairman Bernardo Fontaine on Wednesday. The miner…
Inpex's Australian LNG worker back pay agreement could set an industry standard
Workers at Inpex’s Ichthys plant for liquefied gas in Darwin have unanimously backed a pay deal that they hope will be replicated across Australia's offshore oil and gas sector.
Shell plans to drill at Venezuela's offshore gas field in 2027, according to sources
Shell has started tendering drilling services for its Dragon off-shore gas project in eastern Venezuela. This is part of a plan to begin drilling four wells here?in the second quarter of 2027.
Shell plans to drill at Venezuela's offshore gas field in 2027, according to sources
Shell has begun tendering drilling services for its Dragon off-shore gas project in eastern Venezuela. This is part of a plan to start drilling 'four wells in this area in the second quarter 2027.
ARC shareholders approve $16.4 billion Shell takeover deal
ARC Resources announced on Tuesday that its shareholders voted to be acquired by Shell, clearing a'step' for one of the biggest energy sector deals this year. Shell acquired…
Shell Shell shareholders approve $16.4 Billion Shell deal
ARC Resources announced on Tuesday that its'shareholders voted for the acquisition by Shell, clearing a 'next step in completing?one of...this _year?s largest energy sector deals.
Ifax reports that Kashagan Oilfield Operator ordered to pay $4.9 Billion environmental fine
Interfax reported that Kazakhstan's Justice Ministry said that the operator of the?Kashagan oilfield is required to pay an environmental fine of 2.3 trillion tenge ($4.89 billion) by July 20.
Industry warns that the planned reform of Congo's mining laws could undermine investor confidence
A document seen on Monday by the Democratic Republic of Congo's?main mining industry -body? warns that proposed changes in mining laws to tighten state control may dent investor…
President warns that heavy-handed revenue enforcement is a danger to the Congo mining industry
Cabinet minutes show that Congolese president Felix Tshisekedi ordered the state revenue agencies to refrain heavy-handed enforcement operations against mining firms, warning…
Baker Hughes reports that US energy companies have added rigs to their fleets for the fourth consecutive week.
Baker Hughes, a leading energy services company, said that U.S. firms added rigs this week for the fourth consecutive week for the first since early June. Baker Hughes normally…
The head of the IEA urges EU to reconsider its opposition to new Arctic oil exploration
The head of International Energy Agency, urging the EU to reconsider its opposition to oil and gas exploration in the Arctic as Europe strives to secure future energy supplies.
Bunge will supply soy oil to Acelen Brazil's sustainable aviation fuel project
Executives from both companies confirmed that Acelen Renovaveis - an energy company backed by Abu Dhabi’s Mubadala Capital - has signed a five year agreement with the agribusiness…
Brazil retains 12% oil export taxes, to review the measure in 30 Days
Brazil's government approved Thursday the extension of the 12% tax on crude oil exports for 60 more days. The measure was introduced in March to combat the rising price of oil linked to the Iran War.
Bolivia: Petrobras could return to oil production and help YPFB restructure
Energy Minister Marcelo Blanco announced on Thursday that Bolivia would begin technical discussions next week with Brazil’s state-owned oil?firm Petrobras about its possible…
BP CEO: Company must tighten its spending and maintain financial discipline
Meg O'Neill, BP's CEO, said that the British energy giant must prioritise its financial discipline, by simplifying their portfolio, cutting costs, and tightening up capital expenditure…
Ivanhoe expects Congo copper production to rise in the second half of 2026, a statement from Ivanhoe shows
Ivanhoe Mines announced on Wednesday that copper production at its flagship Kamoa - Kakula complex, in the Democratic Republic of Congo, is expected to increase in the second half of 2026.
Chevron offers its chemical technology to rival drillers in order to boost shale-oil output
Chevron said it would allow rival oil companies to purchase a chemical technology that was developed by the company to increase production from shale oil wells. This is part…
US stock futures fall as Trump declares the Iran deal 'over'. Oil climbs
U.S. Stock Index?futures fell sharply on Wednesday.?Nasdaq Futures reached a four-week high after President Donald Trump declared that a memorandum aimed at ending a war with Iran is "over".
Former Pemex CEO Victor Rodriguez detained, national register shows
According to Mexico's arrest register, the former Pemex chief executive Victor Rodriguez has been detained since Tuesday. However, it did not state why he was being held. I…
