Trade War May Hold Down Oil Demand, Price Drop to Provide Some Offset: IEA
Current market conditions suggest global oil demand would average 103.9 million bpd this year, with growth prospects weighed down by U.S. tariffs, the IEA said.
FIRST-NNPC JV Confirms Significant Hydrocarbon Discovery
'Preliminary analysis indicates substantial oil and gas volumes', a statement posted on FIRST E&P's website said.
Uniper Makes Nearly $3B Bailout-Related Payment to Germany
Uniper remitted to Germany about EUR 2.6 billion in aid repayments in relation to the government's bail-out of the power and natural gas utility in 2022.
Shell Completes Sale of Nigerian Onshore Assets
Shell completed the divestment of its Niger Delta subsidiary to a Nigerian consortium, in a $1.3 billion transaction previously held back by regulators.
Aramco Oil Sales to China Set to Fall Sharply in April
Aramco is set to supply the lowest amount of oil to China in several months, even as OPEC+ gears up to boost output.
Impairments Hit STEP's Results
STEP Energy Services reported $1.76 million in net income for 2024, well below the $50.41 million reported for 2023.
Shell Delivered Record Amount of Marine LNG to Ships in 2024
Shell Plc said it delivered record volumes of liquefied natural gas to power ships last year.
Oil Drops Below $67 as Trade War Fears Weigh on Demand
A bearish economic outlook, coupled with rising supply and geopolitical shifts, pushed oil prices lower.
USA Crude Oil Inventories Rise 1.4MM Barrels WoW
'At 435.2 million barrels, U.S. crude oil inventories are about five percent below the five year average for this time of year', the EIA said.
Net Power Resets Project Permian Plans on Higher Costs
Net Power started post-FEED optimization and value engineering exercises to deliver a financeable commercial product launch.
Algonquin Power Posts $189 MM Loss for Q4
Results were negatively affected by the sale of AQN's 42.2 percent stake in Atlantica Sustainable Infrastructure.
Guyana Seeks Suriname Gas Deal After Building Oil Fortune
Guyana President Irfaan Ali is exploring a partnership with Suriname to build a gas-powered industrial hub as he works to fortify his nation's economy.
Avangrid Plans to Invest $20 Billion in US Grid until 2030
The investment 'comes at a time when U.S. energy demand is surging due to manufacturing and data center growth', Avangrid said.
Market Confusion Acting as Severe Drag on Prices, Standard Chartered Says
'Of the 35 trading days since President Trump's inauguration, Brent has settled lower on 20 and has recorded a lower intra-high on 25 days', analysts at Standard Chartered Bank said.
NOG Raises Buyback Plan by $100 Million
'The increased authorization reflects the Company's confidence in its strategy, business plan and prospects'.
Prospera to Acquire White Tundra in Alberta
The acquisition strengthens Prospera's base production and 'provides numerous high-impact reactivation opportunities'.
Britain Flexible Power Market System to Launch Earlier than Planned
Ofgem awarded the operating rights for the Flexibility Market Asset Registration system to Elexon and said it expects the system to be operational in 2027.
Venterra Highlights 'Essential Role' of UXO Mitigation in Offshore Wind
'An estimated 500,000 items, equating to 100,000 tons of UXO, lie on the seabed surrounding Great Britain alone', UK-based Venterra Group plc said.
RWE to Supply Green Hydrogen to TotalEnergies' Leuna Refinery
RWE signed an agreement to supply an annual volume of 30,000 metric tons of renewable hydrogen for 15 years to help decarbonize TotalEnergies's Leuna refinery in the German state of Saxony-Anhalt.
China Extends Subsidies for Unconventional Gas Drilling
China is extending a subsidy program to support unconventional natural gas drilling as it continues to push for new domestic supplies to ensure energy security.
