Gunvor Profits Dropped 42 Pct as Energy Market Chaos Eased
Commodity trader Gunvor Group posted a 42 percent drop in profit in 2024.
Oil Rises, but Doubts Dominate
Uncertainty over tariffs, sanctions, and OPEC output drove cautious gains in crude.
May NatGas Contract Looking to Establish New Post-Winter Trading Range
It appears that the May natural gas contract is looking to establish a new post-winter trading range into the shoulder season, Eli Rubin, an energy analyst at EBW Analytics Group, said.
Sempra Plans Asset Sales to Support California, Texas Utility Investment
Sempra intends to sell its gas distribution business in Mexico and a minority stake in its liquefied natural gas arm to support investment in the U.S.
Bipartisan Group of Senators Readies New Sanctions on Russia
The punishments would include a 500 percent tariff on imports from countries that buy Russian oil, petroleum products, natural gas or uranium, according to a draft of the bill seen by Bloomberg News.
Excelerate to Acquire NFE's Jamaican Business for $1.055B
Excelerate will acquire the assets and operations of the Montego Bay LNG Terminal, the Old Harbour LNG Terminal, and the Clarendon combined heat and power co-generation plant.
Petronas Confirms Fire at Main PGB Pipeline
'The affected pipeline has been isolated, and all relevant stakeholders have been informed', Petronas said.
Petronas Issues $5 Billion Bonds
Malaysia's national oil and gas company said it had achieved the biggest oil and gas debt instrument sale in Asia since 2020 with the issuance of $5 billion senior notes.
PetroChina Annual Profit Up 2 Percent on Higher Production
CNPC's publicly listed arm reported about $22.69 billion in net profit for 2024, up 2 percent from 2023 as increased output offset lower prices.
SLB Announces Major Drilling Contract
SLB announced that it has been awarded a major drilling contract by Australian independent Woodside Energy for its ultra-deepwater Trion development.
A Fifth of EU Gas Imports in Q4 Came from Russia: Official Data
Up to the last days of the Russia-Ukraine natural gas transit deal, the EU remained reliant on Russia for about a fifth of its gas imports.
Tamboran, Arafura Sign LOI for Future Beetaloo Basin Gas Supply
Tamboran signed a letter of intent with an Arafura to advance discussions for potential gas supply from the Beetaloo Basin to the latter's Nolans Rare Earth project.
Ecopetrol Eyes Buying Carlyle's Colombia Asset to Boost Reserves
Colombia's state-owned Ecopetrol is considering buying Carlyle's oil driller in the nation as it looks to boost reserves and output.
Saipem Gets Green Light to Start Work on CCS Project in Sweden
The project will enable CO2 capture at Stockholm Exergi's existing bio-cogeneration plant.
Johan Castberg Goes Onstream
Johan Castberg, the third field developed on Norway's side of the Barents Sea, will raise the Nordic country's oil production capacity by 220,000 bpd at peak.
North Sea Oil Swaps Hit Record Volume as Prices Spiked
A record volume of swaps that traders use to hedge benchmark physical oil prices changed hands on Friday as prices jumped.
Tariff Tensions Cloud Oil Market Outlook
Market uncertainty grew with mixed signals on Russia and Iran, affecting oil demand forecasts.
Macquarie Strategists Forecast USA Crude Inventory Rise
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up for the week ending March 28.
Trump Vents Anger at Putin Over Ukraine, Hints at Oil Curbs
President Donald Trump said he was 'very angry' at Vladimir Putin.
Eni, Saipem Extend Biorefining Collaboration
'Through this agreement, Eni, in line with its goal of decarbonizing processes and products, intends to further develop its biorefining capacity through the development of new initiatives to produce biofuels'.
