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…
Exxon announces Q2 profit surge as oil prices rise.
Exxon Mobil, the U.S. oil major, said on Tuesday that it expects its second-quarter earnings to increase by about $5 billion compared to the prior quarter. This is because the price of oil spiked due the U.S.
Nigeria's UTM secures a gas supply agreement, clearing a key obstacle to achieving $3 billion LNG project
UTM Offshore, Nigeria, announced on Tuesday that it had signed a 15-year agreement for gas supply. This removes a major hurdle to the final investment decision of its $3 billion…
BP withdraws from Bay du Nord oil projects, leaving Equinor the sole owner
BP and Equinor have agreed to sell their stakes in the Bay du Nord oil project off the coast of Canada. The British energy giant is now focusing on opportunities with higher returns.
Congo does not see any major threat to its copper and cobalt production from the Middle East Crisis
A senior mining official said that the Democratic Republic of Congo did not expect any significant disruptions in copper and cobalt output this year because of chemical supply…
Azerbaijan summons Russian ambassador over attack on SOCAR Fuel Station in Ukraine
The 'Azerbaijani Foreign Ministry' said Monday that it had summoned the 'Russian' ambassador to protest against what they said was an attack by a Russian drone on a fueling…
Australian shares are down as consumer and bank stocks fall; commodity stocks hold back losses
Australian shares fell on Monday, as losses in consumer and financial stocks were offset by gains in commodities. Meanwhile, 'Vault Minerals' surged to its highest level in…
Fiserv and service station operators, including BP, warn US stores about illegal vapes
Fiserv, a payments platform, and operators of service stations including BP have 'warned' their U.S. counterparts and store owners to not?deal with illegal vapes - or risk heavy fines.
Congo cobalt exporters fear losing quotas due to administrative glitch, sources say
According to a letter and industry officials, major cobalt producers are at risk of losing some of their first-half exports quotas because of an administrative error affecting a platform for customs.
Baker Hughes reports that US energy companies have added rigs to their fleets for the third consecutive week.
Baker Hughes, a provider of energy services, said that U.S. firms?added drilling rigs this week for the third consecutive week. The number of oil and gas rigs, a good indicator of future production…
Cumberland Farms files US IPO in a market that is booming for new listings
Cumberland Farms, a convenience?store retailer in the United States, filed for an initial 'public offering (IPO) on Thursday. This is adding to a busy stock market summer as…
India's palm oil imports in June fell to a 14-month low due to a softening demand, say dealers
Five?dealers reported that India's imports of palm oil in June were the lowest in 14 months due to a combination of?a declining discount on rival oils and?a subdued market demand. The world's largest?importer?
Data shows that Russia's LNG imports will increase by 9.9% during the first half of 2026.
The preliminary LSEG data showed that Russia's liquefied gas exports grew 9.9% - in the first half of this year - to 16.6 million metric tonnes, boosted mainly by the growing…
Genel Energy, a Kurdistan-based company, marks Egypt's entry with a $360 million Capricorn acquisition
Genel Energy announced on Thursday that it would?acquire?Capricorn Energy for $360m in a cash-only deal. This will give it a foothold into Egypt, as it looks to diversify its oil assets…
Elliott circles as Northern Star announces new CEO for gold miner Northern Star
Northern Star Resources announced Suresh Vaddnagra as its new CEO on Thursday, as the company reported preliminary gold sales which met revised guidance. This move may satisfy…
Norway offshore workers and employers enter mediation to avoid strike
Norwegian unions representing workers on offshore drilling rigs and floating platforms entered wage negotiations with the state on Wednesday. They hoped to avoid a strike that was scheduled for Friday…
