OPEC Cuts Oil Demand Forecast for 2025 and 2026 on Trade War
OPEC cut forecasts for global oil demand growth slightly this year and next.
Oil Prices Flat Amid Trade and Iran Talks
Oil held steady as U.S. trade pauses clashed with rising inflation fears.
Latin America's Largest Solar Plant With Battery Storage Commissioned
ContourGlobal commissioned the Quillagua plant, located in the municipality of María Elena, in the Antofagasta region of Chile.
US DOE Makes First HALEU Commitments to Five Nuclear Developers
The U.S. Department of Energy shortlisted five U.S. nuclear developers who could receive high-assay low-enriched uranium (HALEU) to meet their near-term fuel needs.
North America Loses Rigs for 6 Straight Weeks
North America cut 22 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Chevron Ordered to U-Turn Venezuela Oil Ahead of Sanctions
Chevron Corp. was ordered to return nearly 1 million barrels of Venezuelan oil to Petroleos de Venezuela SA in a blow to the oil major.
Phillips 66 Gears Up for Proxy Fight Against Elliott
'Elliott seeks rapid, irreversible change in pursuit of an unrealistic thesis – and risks halting the momentum on our long-term value-creating strategic plan'.
Delfin LNG Secures License from MARAD to Operate Deepwater Port
'The level of support by the President of the United States and his administration for the development of critical energy infrastructure has been truly remarkable'.
USA EIA Cuts Brent Oil Price Forecast for 2025 and 2026
The U.S. Energy Information Administration cut its Brent spot price forecast for 2025 and 2026 in its latest short term energy outlook.
OPEC+ Policy Shift 'Highly Significant'
Analysts at Standard Chartered Bank noted that, in their view, 'the shift in OPEC+ policy announced on April 3 is a highly significant one'.
United Oil Secures Two-Year Extension for Jamaican Asset
United said it has resumed talks with selected parties who had previously expressed interest before the farm-out process was suspended in December 2024.
Abu Dhabi's Adnoc Said to Weigh Bid for $9B Aethon Assets
Adnoc has been among the most active dealmakers globally over the past year, buying assets from the US and Europe to Africa.
Perenco Completes CCS Injection Test in UK North Sea
The test involved the injection of CO2 into a depleted natural gas reservoir in the UK's Southern North Sea.
Perma-Pipe Bags $27 Million Contracts in Americas, MENA
Perma-Pipe is cashing on growing demand 'fueled by market growth in data centers, rising investments in pharmaceuticals and industrial sectors, and the expansion of midstream energy projects'.
BP Warns of Rising Debt Amid Lower Output, Weak Gas Trading
BP Plc said debts mounted in the first quarter.
TC Energy Rules Out Sale of Canadian Mainline Pipeline
TC Energy Corp. Chief Executive Officer Francois Poirier ruled out selling the Canadian Mainline natural gas pipeline.
Oil Rebounds but Weekly Losses Continue
Oil prices rose Friday but marked a second weekly loss due to deepening US-China trade tensions and demand concerns.
Natural Gas Searching for 'Near Term Equilibrium'
Eli Rubin, an energy analyst at EBW Analytics Group, noted that natural gas is searching for 'near term equilibrium'.
Mubadala Secures Its First Gas Production, Export Assets in US
Kimmeridge will give the UAE sovereign investor stakes in the Eagle Ford and the planned Commonwealth LNG.
Texas Is Ground Zero for the USA Battery Boom
The Lone Star State may be the heart of America's oil and gas map, but it's quickly becoming the biggest installer of a technology key for renewables development.
