Baker Hughes reports that US energy companies have cut back on drilling for the first time in eight-weeks.
Baker Hughes, a well-respected energy services company, said that U.S. firms had 'cut back on the number of operating rigs for the first time in 8 weeks. The number of oil and gas rigs…
Sources say that BP has begun the process of selling stakes in Gulf of Mexico projects.
Four people familiar with the matter have confirmed that BP has begun a process of selling stakes in its Gulf of Mexico project. This would be Meg O'Neill's very first move as CEO.
Shell suspends its $3 billion share purchase
Shell?said Friday that it would be pausing its $3 billion share purchase?programme between?June '12 and the market close of July 14 due to certain requirements relating to its deal with ARC Resources.
Sources say that BP has begun the process of selling stakes in Gulf of Mexico projects.
BP, the British 'oil major, has begun a 'process' to sell stakes in its Gulf of Mexico project, according to four sources with knowledge of this matter. This would be Meg O'Neill's very first move as CEO.
ENN Natural Gas' $11.6 Billion ENN Energy purchase collapses due to regulatory hurdles
ENN Natural Gas failed to secure the necessary regulatory approvals by the deadline of June 12, the companies announced on Friday. The deal, first announced in March of last year at HK$90.50bn ($11.55bn)…
India palm oil imports continue to be below average in May despite a slight increase.
India's palm-oil imports rose in May after a four month low. However, they remained below normal levels as refiners purchased more soyoil, which was cheaper, following the waning of palm oil's price advantage.
Woodside exercises pre-emptive rights to purchase 10.67% stake of Browse JV from PetroChina
Woodside Energy announced on Friday that it had exercised its pre-emptive rights to purchase PetroChina's 10.67% share in the Browse gas fields off 'the coast of Western Australia'.
Venezuela signs pacts with Shell to develop Loran gas field
Venezuela signed five agreements ?with ?British oil major Shell on Thursday to advance oil and gas projects, including the company's participation in the coveted 7-trillion-cubic-feet Loran offshore gas field…
France accuses Israeli BlackCore of interfering in New York and Scottish elections
Viginum said that the French disinformation detection service suspected Israeli firm BlackCore of interfering with France's local election in March. They also suspect them of meddling in elections New York City…
Kharg Island, Iran and its energy sector
Donald Trump, U.S. president on Thursday, said that the United States would strike Iran "very heavily tonight". He also stated his desire to seize Kharg Island - the heart of the world's biggest oil producer.
OPEC lowers its forecast for global oil demand growth in 2026
OPEC has lowered its projection for the world's oil demand in 2026, to 970,000 barrels a day. This is the second consecutive downward revision. The group has seen a lesser impact…
Serbia concludes negotiations on shareholder agreement with Hungary's MOL regarding NIS oil company
Serbia completed Wednesday talks on a shareholders agreement with MOL, Hungary’s largest oil and gas company, regarding its minority stake in Russian-owned, U.S. sanctioned NIS Oil & Gas.
Andy Home: Growing stock overhang dampens hopes for a recovery in nickel.
Nickel's early year rally is a collective wager that Indonesia's multiyear production surge will finally abate, allowing for the?market rebalance to occur after four consecutive years oversupply.
Ukraine's Naftogaz signs preliminary agreement to restructure $1.4 Billion in Eurobonds
Naftogaz, the Ukrainian energy company owned by the state, said that it had?reached? a preliminary agreement for restructuring two Eurobond tranches of EUR1.2 billion ($1.38billion) due in this year and 2028.
Indonesia increases the price of fuel widely used by 32% and adds to cost of living concerns
Investors are concerned about government spending, so Pertamina raised fuel prices in Indonesia by nearly a third. The finance minister stated that the increase would have a limited impact on inflation.
Serbia's NIS wants a new US license to operate after 16 June
NIS Serbia, owned by Russians, operates the only oil refinery in Serbia. The company has now applied for a 'U.S. The company announced on Wednesday that it would apply for a new?U.S.
Bayer wants to accelerate biofuel production plan in response to the energy crisis caused by the Iran War
Bayer, a drug-making giant and crop science company, said that it hopes to accelerate a plan in order to facilitate the?North American production?of biofuel feedstocks such as camelina following the?Iran war.
Inpex will seek an order from Australia's workplace Tribunal to stop the labour action at Ichthys LNG
Japan's Inpex announced on Tuesday that it will seek urgent orders from Australia's Fair Work Commission in order to stop?protected?industrial action?at its Ichthys?liquefied?gas?facilities.
BP's upstream unit will be headed by Gordon Birrell and downstream by Richard Harding
BP announced on Tuesday that Gordon Birrell, a company veteran, will lead the upstream?unit and Richard Harding is the interim head of its downstream?unit. This change was part…
Devon Energy expects to produce 1.38 million boepd in 2026 after Coterra's acquisition
After the completion of their merger with Coterra Energy, Devon Energy forecasted that its production in 2026 would average 1,38 million barrels per day. The $58 billion merger…
