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Sources say that BP has begun the process of selling stakes in Gulf of Mexico projects.
BP, the British 'oil major, has begun a 'process' to sell stakes in its Gulf of Mexico project, according to four sources with knowledge of this matter. This would be Meg O'Neill's very first move as CEO. BP is one of the biggest operators in the Gulf of Mexico and has been weighing…
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Shell suspends its $3 billion share purchase
Shell?said Friday that it would be pausing its $3 billion share purchase?programme between?June '12 and the market close of July 14 due to certain requirements relating to its deal with ARC Resources. Shell, who announced its $3 billion program in May, said that any shares not purchased…
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EU makes it harder to suspend carbon tax on imports
The European Union countries agreed to limit the circumstances in which they can suspend the carbon emission fee on imported goods. This could help to increase the certainty of low-carbon investment in the EU. The majority of EU economic ministers supported the plans, even though countries such as Slovakia…
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Sources say that BP has begun the process of selling stakes in Gulf of Mexico projects.
Four people familiar with the matter have confirmed that BP has begun a process of selling stakes in its Gulf of Mexico project. This would be Meg O'Neill's very first move as CEO. BP is one of the biggest operators in the Gulf 'Mexico. It has been weighing a possible sale of minority stakes to Tiber and Kaskida projects since a little over a year.
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Indian Crude Imports Up More Than 3% Month-on-Month in April
India's crude oil imports rose more than 3% month-on-month in April to 20.08 million metric tons, government data showed.On a yearly basis, crude oil imports slipped 4.3%, from 20.99 million tons in April 2025, data from the Petroleum Planning and Analysis Cell showed.India is the…
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Baker Hughes reports that US energy companies have cut back on drilling for the first time in eight-weeks.
Baker Hughes, a well-respected energy services company, said that U.S. firms had 'cut back on the number of operating rigs…
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ENN Natural Gas' $11.6 Billion ENN Energy purchase collapses due to regulatory hurdles
ENN Natural Gas failed to secure the necessary regulatory approvals by the deadline of June 12, the companies announced on Friday.
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India palm oil imports continue to be below average in May despite a slight increase.
India's palm-oil imports rose in May after a four month low. However, they remained below normal levels as refiners purchased more soyoil…
Latest news
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Studsvik wants state support for building 1,400 MW of nuclear power in Sweden
The Swedish government is promoting nuclear energy to ensure the security of the supply of the country. The centre-right…
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Palm snaps three-week winning run as El Nino worries weigh
Malaysian palm futures fell more than 1% on Friday as traders were cautious about El Nino's potential impact on future rain and production.
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China's coal region will expand coal to oil output as part of energy security drive
China's coal-producing region is planning to build China's largest 'base' for converting coal into oil and gas, chemicals…
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EUROPE GAS-European Gas Prices Fall on US-Iran Peace Deal Hopes
Closure of the Strait of Hormuz affected global LNG transit and gas prices. LONDON, 12 JUNE - Dutch and British gas prices…
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Palm muted over El Nino fears, poised to gain fourth weekly profit
Malaysian palm futures were muted Friday as traders remained cautious about the impact El Nino could have on future production and rainfall.
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Venezuela signs pacts with Shell to develop Loran gas field
Venezuela signed five agreements ?with ?British oil major Shell on Thursday to advance oil and gas projects, including the…
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Siemens Energy: The Iran war is driving demand for gas turbines and AI to further increase.
Siemens Energy executives stated on Thursday that the Iran war has 'become an additional driver for?demand of gas turbines.
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Cypress Creek Secures $3.5 Billion for One of the largest US Solar, Storage Projects
Cypress Creek Energy, a power producer in the United States, announced on Thursday that it had secured $3.5 billion for what…
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Palm oil climbs on stronger rival oils for the second consecutive session
The price of Malaysian palm oil futures rose for the second session in a row on Thursday as rival edible oils were stronger.
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Commodities trader Gunvor invests in a venture to purchase US natural gas production
Commodities trader Gunvor announced on Wednesday that it had provided financial support?to an executive team from the energy…
Shale Oil & Gas
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Venezuela signs pacts with Shell to develop Loran gas field
Venezuela signed five agreements ?with ?British oil major Shell on Thursday to advance oil and gas projects, including the…
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Siemens Energy: The Iran war is driving demand for gas turbines and AI to further increase.
Siemens Energy executives stated on Thursday that the Iran war has 'become an additional driver for?demand of gas turbines.
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Commodities trader Gunvor invests in a venture to purchase US natural gas production
Commodities trader Gunvor announced on Wednesday that it had provided financial support?to an executive team from the energy…
LNG
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TotalEnergies Remains Silent as Russia Approves Sale of Arctic LNG 2 Stake
Russian President Vladimir Putin has approved the sale of a 10% stake in the sanctioned Arctic LNG 2 project held by France's…
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SEFE, Ksi Lisims LNG Agree on long-Term LNG Supply
German state-owned gas importer SEFE said on Wednesday it agreed to purchase 1 million tonnes of liquefied natural gas per…
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Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its…
Renewables
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Palm muted over El Nino fears, poised to gain fourth weekly profit
Malaysian palm futures were muted Friday as traders remained cautious about the impact El Nino could have on future production and rainfall.
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Siemens Gamesa CEO warns that capacity cuts will be made if Europe’s offshore expansion fails
Siemens Energy warned on Thursday of potential wind turbine capacity cuts in Europe, if governments fall behind in efforts to expand off-shore power.
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Cypress Creek Secures $3.5 Billion for One of the largest US Solar, Storage Projects
Cypress Creek Energy, a power producer in the United States, announced on Thursday that it had secured $3.5 billion for what…
