Leading Energy Companies Holding Back Renewables Commitments, BMI Says
'Leading energy companies are shifting focus', BMI analysts said.
Uniper to Make Bailout-Related Payment of $2.73B to Germany in Q1
Uniper expects to remit to Germany $2.73 in aid repayments this quarter in relation to the government's bailout of the power and natural gas utility in 2022.
SBM Offshore Logs Record Annual Revenue
SBM Offshore also ended 2024 with a record backlog of $35.1 billion.
Sonangol Reaffirms IPO Intent
Angola's state oil firm said it is still working toward an initial public offering of as much as 30 percent of its shares.
BP, Iraq Strike Deal on Oil Development in Kurds-Claimed Province
The agreement targets a production of over three billion barrels of oil equivalent in the initial phase.
Iran Rejects Direct Nuclear Talks With USA Under Trump Policy
Trump has vowed to squeeze Iran's economy and target its oil exports as part of a return to the 'maximum pressure' strategy that he deployed in his first term.
Oil Slumps as US Confidence Dives
Oil prices tumbled as US consumer confidence plummeted, fueling concerns that Trump's trade policies and weakening economic data will curb energy demand.
Macquarie Strategists Forecast USA Crude Inventory Build
Macquarie strategists are forecasting that U.S. crude inventories will be up for the week ending February 21.
ConocoPhillips Sells $735 Million Worth of GOM Stakes to Shell
ConocoPhillips signed an agreement to divest minority stakes in the Ursa and Europa fields and associated facilities to co-venturer Shell for $735 million.
BP's Strategy Reset: 5 Things to Watch
BP's 'fundamental reset' on Wednesday is the most highly anticipated strategy shift for an oil major in several years.
EIA Raises USA Crude Oil Production Forecasts
According to its latest short term energy outlook, the EIA sees U.S. crude oil production, including lease condensate, averaging 13.59 million barrels per day this year.
Kipper Partners to Invest $200MM to Raise Capacity of Aussie Field
The Kipper 1B project 'will bring online much-needed additional gas supply' for the domestic market ahead of winter 2026.
Leviathan Partners Seek Israel Approval for Planned Output Capacity Raise
The new plan for the Phase 1B project would grow Leviathan's production capacity to about 812.24 billion cubic feet a year.
North America Breaks Rig Loss Streak
The U.S. added four rigs week on week, according to Baker Hughes' latest North America rotary rig count.
APA Group Posts Lower Profit for First Half of FY25
The Australian natural gas and power utility reported $21.6 million in statutory NPAT for the half-year ended December 31, 2024.
European Commission Eyes to Integrate Ukraine into EU Power Market by 2027
The Commission also pledged financial aid for Ukraine's gas purchases and investment support for the country's renewables build-out.
Woodside Bets on Louisiana LNG to Become Global Powerhouse
'Louisiana LNG helps us to secure a material presence in the Atlantic Basin into European consumers'.
European Commission Allows Belgium to Extend Life of Two Nuclear Reactors
Doel 4 and Tihange 3 remain operational for 10 more years from the end date of 2025 spelled out by Belgian law.
Valaris Sees Sequential Jump in Quarterly Profit
'The contracting outlook for 2026 and beyond remains strong for high-specification assets and we are focused on securing attractive, long-term programs for our active rigs'.
