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BP to slash over 5% of workforce
BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs and rebuild investor confidence in the energy giant.Around 4,700 employees and 3,000 contractor positions will be cut this year, BP BP.L told Reuters. The cuts…
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Industry Award for Sustainable Drilling Waste Solution
Specialist drilling waste management company, TWMA, has been announced as a finalist in this year’s SPE Offshore Achievement Awards.Shortlisted for the Sustainability Project Award, this recognition celebrates TWMA’s RotoMill technology, an innovative offshore processing solution…
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Baker Hughes: US oil & gas rig count at lowest since Dec 2021
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, fell by four to 576 in the week to Jan. 24.
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Handelsblatt reports that Scholz, Germany's Scholz, welcomes the U.S. energy policy turnaround
The German newspaper Handelsblatt reported that German chancellor Olaf Scholz welcomed U.S. president Donald Trump's plans…
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Zelenskiy wants Europe and the US to be involved in any Ukraine Peace Talks
Reporters heard the Ukrainian president Volodymyr Zelenskiy say that he hopes Europe and America will be included in any…
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Golden Pass LNG, a former contractor, will emerge from bankruptcy at the end of March
The Texas contractor who last year walked away from the Golden Pass project of a liquefied gas plant, a joint venture with…
Latest news
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NextEra advances toward Iowa nuclear plant restart
NextEra Energy CEO John Ketchum said on Friday that the company has been in contact with regional grid operators about a…
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Golden Pass LNG, a former contractor, will emerge from bankruptcy in April
The Texas contractor who last year walked away from the Golden Pass project of a liquefied gas plant, a joint venture with…
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Mongolia close to signing green energy agreements with Saudi Arabia
Mongolia's deputy premier said that the country expects to sign agreements worth several billions of dollars with Saudi Arabia in the coming months.
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Japan's JERA plans on expanding US LNG purchases in order to diversify the energy supply
JERA, Japan's largest LNG buyer, is planning to increase its purchases from the United States in order to diversify their…
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NextEra Energy Q4 profits fall as higher costs impact on the renewables unit
NextEra Energy announced a drop in profit for its fourth quarter on Friday. This was due to weakness in the renewables segment.
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Blackstone buys $1 billion Virginia power station near data centers
Blackstone's unit dedicated to energy investments has acquired Potomac Energy Center. The asset manager announced the deal on Thursday.
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FTSE 100 drops as a stronger sterling hurts export-focused companies; Burberry soars
The UK's FTSE 100 fell on Friday as a rise in sterling hurt firms that export. Burberry, however, soared, after a strong U.S.
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EUROPE GAS-Prices stable amid warmer and windier weather
The Dutch and British wholesale prices for gas were not much different on Friday, as the expectation of a warmer, windier…
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Minister: Greece will launch gas exploration bid on Friday
The Greek energy minister announced that Greece will hold a tender on Friday for new rights to explore gas in its southwest waters after a U.S.
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Hungary wants Ukraine to resume gas transit as EU sanctions are about to roll over
Viktor Orban, the Prime Minister of Hungary, said that the European Union should persuade Ukraine so it can resume the transit…
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Blackstone buys $1 billion Virginia power station near data centers
Blackstone's unit dedicated to energy investments has acquired Potomac Energy Center. The asset manager announced the deal on Thursday.
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Oil industry unlikely rush to Alaska despite Trump’s call for drilling
U.S. companies will not expand their development in Alaska or the Arctic after President Donald Trump signed an executive…
Exploration
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Freeport-McMoRan's profit beats Q4 estimates thanks to higher copper prices
The miner Freeport-McMoRan surpassed fourth-quarter profit expectations on Thursday as higher copper prices helped to offset…
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Ukraine: Trump's threat of sanctions sends a'strong message' to Russia
Ukraine has praised U.S. president Donald Trump for his threat to impose sanctions and tariffs on Russia if they refuse to…
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Stocks in the US react differently to Trump's first official day as president
Tesla, prison operators, and other "Trump trades", were volatile Tuesday as investors analyzed a flurry of executive orders…
Drilling
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India is likely to increase its purchases of US gas and oil following Trump's announcement
After President Donald Trump announced that he would increase U.S. production of oil and natural gas, India will likely increase its purchase of U.S.
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Republican-led states file suit against Biden administration for offshore drilling ban
A group of Republican states filed a suit on Friday to challenge a ban on offshore oil and natural gas development announced…
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Executive: Bolivia and Argentina in talks to restart gas supply due to spike in demand
Bolivia's state energy company YPFB has begun talks with Argentina to resume gas exports, amid a spike in demand sparked by a heatwave this summer.
Production
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BP to slash over 5% of workforce
BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' efforts to reduce costs…
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Guyana exports 225 crude cargoes by 2024
Guyana will export 225 cargoes in crude oil by 2024, said its energy minister on Tuesday. A consortium led the U.S. giant…
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Norway awards 53 stakes to the latest offshore oil and gas exploration round
Norway's Energy Minister said that in the annual licensing round held on Tuesday, 20 companies received stakes in 53 offshore…
