Diamondback increases annual production forecast as oil prices rise
U.S. shale oil producer 'Diamondback Energy' raised its annual production forecast on Monday after exceeding Wall Street expectations with a 'first-quarter profit due to a rise in oil prices.
Irfaan Ali, President of Guyana, says that energy investments are not enough to meet demand
Irfaan Ali, Guyana’s President, said on Monday that the gap between supply and demand was widening, due to global energy systems being under strain. The Iran war is now in its third month…
EagleRock, a Permian landowner, is aiming for a valuation of $2.6 billion in the US IPO
EagleRock, a land management company in the United States that aims to tap into renewed investor interest in the energy sector, is aiming for a valuation of up to $2.6 Billion in its initial public offering.
The largest offshore gas project in Romania is now being piped.
The Romanian Neptun Deep 'Black' 'Sea Gas Project' has started to lay the pipelines. This project is one of 'European Union's' most important energy 'deposits' with an estimated…
Guyana warns World Court that Venezuela's claim to oil-rich Esequibo Region poses an existential threat
Guyana asked the judges of the International Court?of Justice to rule Venezuela doesn't 'have a legitimized claim on the oil-rich area around the Esequibo River, which has been…
Sources say that WildFire Energy owners are looking to sell the US shale operator for $4 billion or more.
Investment firms 'Warburg Pincus' and 'Kayne Anderson" are exploring the possibility of selling WildFire Energy. Any deal is expected to be worth a lot more than $4 billion, including debt.
Baker Hughes reports that US drillers have added oil and gas rigs to their fleets for the second week running.
Baker Hughes, a renowned energy services firm, said that U.S. firms added oil and natural gas rigs this week for the second week in a row. This is the first addition since mid-March.
Bloomberg News reports that BP is considering a possible exit from the UK North Sea.
Bloomberg News reported Friday that BP is considering selling some or all its UK North Sea assets as part of a broader initiative to reduce debt and refocus the company on oil and gas projects with higher returns.
Documents show that documents reveal the former Glencore trader is part of Ambatovy Nickel's takeover.
Documents reviewed by us show that a former Glencore nickel trader is a key figure in the consortium that will take over the Ambatovy Nickel project in Madagascar from Sumitomo Corporation.
Occidental’s Hollub will step down, a rare woman in the US oil industry.
Occidental Petroleum announced on Friday that CEO Vicki Hollub - one of the'most prominent women' in the male dominated oil industry - would resign next month and hand the reins over to Richard Jackson, an insider.
Woodside struggles to sell LNG at Louisiana LNG plant according to sources
Two people familiar with the matter have told us that Woodside Energy, Australia's energy company, is having difficulty selling liquefied gas volumes produced by its planned Louisiana LNG export facility.
Mexico holds growth forecast despite recent slowdown, lifts inflation view
Mexico's Finance Ministry on Thursday maintained its?economic growth?forecast for 2026, despite preliminary data showing that the economy shrank slightly in?the?first quarter.
Pemex's Q1 losses of $2.6 billion are not lifted by higher oil prices
Mexico's Pemex posted a quarterly loss of 45.99 billion pesos ($2.6 billion), as the state energy company did not profit from an?increase in global oil prices triggered by a conflict abroad.
ConocoPhillips predicts lower annual production
ConocoPhillips, an oil & gas producer, said on Thursday that it expected lower annual production and highlighted the 'impact' of uncertainty in the Middle East. Qatar output was excluded.
Warren Buffett is no longer with us. Berkshire has now become Greg Abel’s show.
Berkshire Hathaway's annual shareholders weekend in Omaha, Nebraska will be familiar to many Berkshire Hathaway investors. Shopping discounts The 5K race. Tens of thousands…
What is the difference between a driller and a trader? Iran War exposes Big Oil’s transatlantic division: Bousso
The first-quarter profits of European oil majors were boosted by a bumper trading gain as the Iran Warupended supply chains. This highlights how sometimes the ability to move…
Glencore's first-quarter output of copper jumps 19%; marketing unit to surpass target
Glencore reported on Thursday that its first-quarter copper production increased 19% due to improved ore grades in Africa. Meanwhile, its marketing division is still on track…
Russia confirms that OPEC+ will remain after UAE withdrawal, but no price war is expected
Russian news agencies reported that Alexander Novak, the deputy prime minister of Russia, said on Thursday the OPEC+ oil producing group would continue to work together despite United Arab Emirates' departure.
BP signss agreement with Venezuela for offshore gas fields
BP and the Venezuelan government signed a Memorandum of Understanding on Wednesday. The company and government announced that BP would develop Venezuela's Cocuina Manakin gas…
Norway Oil firms seek mediation to avoid a labour strike that could affect output
Offshore Norge, an industry group, said that wage talks between Norwegian oil companies?and labour unions?broke down on Wednesday. The state will now take over mediation to…
