Industry News

The acquisition consisted mainly of non-operating stakes in deepwater early-production projects Appomattox and Stampede.

Norges Bank Investment Management signed an agreement with RWE to acquire a 49 percent stake in the German utility's Nordseecluster and Thor offshore wind projects in Germany and Denmark respectively.

It's getting cheaper to bring a shipment of liquefied natural gas into Europe because of heightening competition between terminals to accommodate extra cargoes.

'The completion of these three acquisitions in Europe, North America and Africa will contribute to our targets of 35 GW of gross renewable capacity by 2025 and over 100 TWh of electricity production by 2030'.

BP has launched a succession process.

The alliance will work on further accelerating and boosting oil production.

Oil -tax proceeds dropped by more than 15 percent from a year earlier to $11.4 billion.

The business activity index remained in positive territory, the Federal Reserve Bank of Dallas said.

Oil prices tumbled over 6% as Trump's aggressive tariffs and a surprise OPEC+ supply boost rocked markets.

The $2.2 billion purchase includes NGL pipelines, fractionation facilities and distribution systems.

Dmitriev on Thursday confirmed he was in Washington for meetings with representatives of the U.S. administration.

'On completion, we will become Europe's second largest renewable fuel producer with an extensive distribution and storage network across major European markets'.

The group led by Saudi Arabia and Russia will add 411,000 barrels a day to the market next month, according to a statement posted on the OPEC website.

'It means that environmental groups can bring lawsuits against the Interior Department just because they don't agree with a certain aspect of their environmental impact statement', Ellen R. Wald, the President of Transversal Consulting, told Rigzone.

EIP injected about $230.42 million in additional capital into Plenitude, increasing its stake to 10 percent.

The field, part of 10 projects that BP aims to start up between 2025 and 2027, is expected to deliver about 250 MMscfd of gas at peak.

Crude oil stocks, not including the SPR, stood at 439.8 million barrels on March 28, the EIA showed in its latest weekly petroleum status report.

Here's a round-up of the initial impact of Wednesday's big announcement.

Papua New Guinea's national oil company expressed commitment to exploring and potentially commercializing previously deemed unviable gas resources in the country.

Buru executed a Strategic Development Agreement with Clean Energy Fuels Australia to co-develop the Rafael gas project.