Industry News

BP Plc Chief Executive Officer Murray Auchincloss appeared at a key U.S. energy major conference in Houston on Tuesday.

NextDecade and Baker Hughes signed a deal for the latter to provide its gas turbine and refrigerant compressor technology for the next five trains of Rio Grande LNG.

'The geopolitical risk premium in the oil and gas markets will fall sharply if a truce is implemented', Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, said.

The acquisition includes four oil fields in the Espírito Santo Basin, including the Lagoa Parda Cluster, plus two exploration blocks adjacent to major producers.

'We believe we are well positioned operationally and financially to pursue additional acquisitions'.

The contract for the Lagos plant involves 80 million standard cubic feet a day of gas.

'The knock-on effects of the Energy Profits Levy have seen spend delayed on decommissioning across the industry, which is affecting both our rig and engineering activity'.

'The recent test represents a significant breakthrough for global biorefining, as it could enable wood and other agroforestry residues transformation, which are widely available, into derivatives typically produced in oil refineries'.

Genel has secured a 40 percent stake.

Ukraine claimed it hit a major oil refinery that supplies Moscow and its airports, as part of a record drone barrage ahead of talks between Kyiv and the US over a potential ceasefire.

Conversations about peak oil supply and demand have for decades served as a backdrop to energy markets.

WTI rose 0.3% to $66.25 per barrel, supported by strong supply-demand metrics, even as global economic concerns and trade risks persist.

Eli Rubin, an energy analyst at EBW Analytics Group, highlighted that U.S. natural gas posted its fifth gain in six sessions on Monday.

The under-construction project now has until June 1, 2029, to dispatch its first non-FTA cargo of LNG.

'This 640 MW project will help us achieve our 2025 targets for 35 GW of gross renewable capacity and over 50 TWh of net electricity production'.

North America dropped 15 rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Baker Hughes and Woodside said they aim to bring other development partners into the program.

Executives from some of the world's top oil and gas producers offered full-throated support for President Donald Trump's 'Energy Dominance' on Monday.

South Bow reported a net income of $55 million for the fourth quarter and $316 million for the full year.

'During this process, the company will analyze and evaluate its business strategy and optimization opportunities, while also considering value maximization alternatives which are in the best interests of all shareholders'.