BP More Than Doubles Profit on 'Exceptional' Oil Trading
The British energy giant benefited from higher oil prices amid the war in the Middle East, while related disruptions to its production in the region was offset by the Gulf of America.
Shell to Buy ARC in $16B Deal
'This establishes Canada as a heartland for Shell while furthering our strategy to deliver more value with less emissions', Shell's Chief Executive Officer Wael Sawan said.
Market Correctly Pricing in Ongoing Supply Risks
Naeem Aslam, CIO Zaye Capital Markets, highlighted that Brent crude was holding strong.
Meta Agrees Offtakes with Space Solar, Long-Duration Storage Startups
Facebook's parent company signed up for potential capacity from a project to harvest solar power in space and another project to enable 'ultra- long-duration' battery energy storage.
Trump Tackles Iran Proposal with Aides
The White House said U.S. officials were discussing Iran's latest proposal but maintained 'red lines' on any deal to end the eight-week war, including preventing Tehran from obtaining a nuclear weapon.
Iran Linked Oil Tankers Boarded by USA Are Reversing Course
Two Iran linked oil tankers that U.S. forces interdicted near Sri Lanka last week appear to have halted their westward course in the Indian Ocean and turned around.
Iran Linked Oil Tankers Sail West After Boarding by USA
Two Iran linked oil tankers that U.S. forces interdicted near Sri Lanka last week are now sailing west.
Oil Rises as Iran Talks Stall
Markets reacted to prolonged geopolitical tensions with higher oil prices and tighter outlooks.
North America Breaks Rig Loss Streak
North America added one rig week on week, according to Baker Hughes' latest North America rotary rig count.
Eni Raises Share Buyback Plan to $3.3B
The Italian state-backed energy major plans to raise its share repurchase program by 90 percent from the initial plan to EUR 2.8 billion on a stronger cash flow projection driven by higher oil prices.
BP Emerges as Top Big Oil Stock During Iran War
BP Plc, long the laggard among oil supermajors, is emerging as the sector's top stock during the Iran war.
Most Oil Execs See USA Oil Output Increasing Due to War
Most executives expect U.S. oil production to increase in response to the Iran war, an update to the first quarter Dallas Fed Energy Survey stated.
Alarm Bells Will Ring Loudly If Hormuz Doesn't Open in May
Alarm bells will ring loudly if the Strait of Hormuz does not reopen during May, SEB Chief Commodities Analyst Bjarne Schieldrop stated.
Kernel Loans $45MM from EBRD for Ukraine Solar Project
The agribusiness secured a $45-million loan from the European Bank for Reconstruction and Development for an energy storage-supported solar farm with a capacity of 106 MW in southern Ukraine.
TotalEnergies Greenlights Battery-Backed Wind Project in Kazakhstan
TotalEnergies and its local partners agreed to proceed with a $1.2-billion onshore wind plus battery energy storage system project capable of powering 1 million people in Kazakhstan.
Iberdrola Completes Mexico Exit
Iberdrola completed the sale of its Mexican assets, including 2.6 GW of installed capacity, to fellow Spanish company Cox for $4 billion.
Iran Top Diplomat in Russia as US Talks in Limbo
Araghchi said he needed to coordinate with Russian officials after the U.S.-Israeli military campaign against the Islamic Republic disrupted bilateral meetings.
CenterPoint Targets 8 GW of Data Center Load in 3 Years
CenterPoint announced plans to energize 8 GW of generation projects catered to data centers by 2029.
EU Starts Roll Out of Russian LNG Import Ban at Tricky Time
Europe is beginning the roll-out of a ban on imports of Russian liquefied natural gas at a difficult time.
Iran Keeps Loading Oil Onto Tankers Even as USA Blocks Route
Iran is continuing to load millions of barrels of oil onto supertankers.
