Shell Traders Haven't Lost Money Over Last Decade
The London-based energy giant keeps a tight lid on information about its trading business for competition reasons.
Rubio Warns Venezuela Against Attacking Guyana, Exxon
Rubio spoke less than a month after a Venezuelan patrol ship entered Guyanese waters and positioned itself near a vessel contracted by Exxon.
Oil Slips Despite Weekly Gain
Oil prices dipped on fears that new U.S. tariffs could weaken global energy demand.
USA Crude Oil Inventories Down 3.3MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 433.6 million barrels on March 21, according to the EIA's latest weekly petroleum status report.
Glenfarne to Take Majority Stake in Alaska LNG
AGDC and Glenfarne signed agreements for the latter to acquire 75 percent of 8 Star Alaska, a company formed by AGDC to manage the planned Alaska LNG.
Judge Rules Against Sale of Gulf of Mexico Oil Drilling Rights
A federal district judge on Thursday ruled against a Biden administration sale of oil and gas drilling rights in the Gulf of Mexico.
TotalEnergies Invests $172 Million in 6 German Battery Storage Projects
The projects have a combined capacity of 221 MW.
E&Ps Flag 'Uncertainty' in Latest Dallas Fed Energy Survey
'The only certainty right now is uncertainty', one exploration and production company stated in the comments section of the first quarter 2025 Dallas Fed Energy Survey.
Uganda-Tanzania Oil Pipeline Secures First Tranche of External Financing
The group of backers include regional banks Afreximbank, Standard Bank, Stanbic Bank, KCB Bank and ICD-PS.
Repsol, NEO Announce New Joint Venture
'This combination will create a jointly governed business which will call upon the key strengths of both shareholders', Francisco Gea, CEO of Repsol E&P, said.
BP, Iraq Finalize Deal on Oil Development in Kurds-Claimed Province
Baghdad fully ratified a contract with BP for oil and gas redevelopments and potential exploration in Kirkuk.
Kolibri Sees Earnings Slip despite Production, Revenue Growth
Kolibri reported a 6 percent decline in net income from $19.3 million for 2023 to $18.1 million for 2024.
Nigerian State Oil Giant Seeks Advisers for Delayed IPO
Nigeria's state oil company is courting international and local markets for advisers as it prepares for a long-delayed initial public offering.
Cnooc Profit Rises on Increased Oil and Gas Drilling Output
Cnooc Ltd posted higher annual earnings and boosted its dividend.
Supply Concerns Lift Oil Prices, Trade Tensions Persist
Trade war tensions limited gains, but supply disruptions kept oil rising.
AccuWeather Predicting Potentially Volatile Atlantic Hurricane Season
'Everyone needs to start planning and preparing for hurricane season', AccuWeather Chief Meteorologist Jonathan Porter said.
Phillips 66 Makes Own Declassification Proposal despite Elliott Motion
Phillips 66 said it will make its own proposal for board declassification as it warned against a similar proposal by investor Elliott.
Shell CEO Says Pursuing Major Deal Risks Being a Distraction
'If you're going to go for a big acquisition, one has to recognize that that can potentially distract'.
Canacol Posts $25MM Loss on Deferred Tax Payment
However, the gas producer's adjusted EBITDAX for Q4 2024 rose 43 percent year-on-year to $76.1 million thanks to a higher operating netback.
DNO Announces 'Important' Oil, Gas Discovery in North Sea
'We are on a hot streak in Norway', DNO Executive Chairman Bijan Mossavar-Rahmani said.
