TotalEnergies, Repsol Launch UK North Sea JV
'NEO NEXT+ becomes the largest independent oil and gas producer on the UK continental shelf with an expected 2026 production of over 250,000 barrels of oil equivalent per day'.
USA Embassy in Venezuela Formally Reopens
The U.S. Embassy in Venezuela is formally resuming operations Monday.
WTI Settles Above $100 Amid Escalation
Traders brace for further upside as geopolitical tensions intensify.
EPA Adopts New RFS, Leaves Out Renewable Power
'The Trump EPA has removed 'renewable electricity' from the RFS program; once again taking action to end the efforts to push EVs onto the American people'.
Bessent Says USA to 'Retake' Hormuz Control
Treasury Secretary Scott Bessent indicated optimism about a reopening of the Strait of Hormuz for passage of cargo ships.
North America Drops 33 Rigs Week on Week
North America dropped 33 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Execs Predict Where NatGas Price Will Land in Future
Executives from oil and gas firms have revealed where they expect the Henry Hub natural gas price to be at various points in the future in the first quarter Dallas Fed Energy Survey.
EDF to Supply Nuclear Power to TotalEnergies Downstream Sites in France
EDF bagged a 12-year deal to deliver nuclear electricity to TotalEnergies's refining and chemical sites in France.
JPM Warns of Vulnerability That Could Add $20 to Oil Price
'The conflict is no longer concentrated in the Persian Gulf and around the Strait of Hormuz', J.P. Morgan analysts warned.
ADNOC, OMV Unveil Executive Leadership for Polyolefins JV
OMV and ADNOC named NOVA Chemicals resident and chief executive Roger Kearns as CEO of Borouge Group International, set for launch this March as a consolidation of ADNOC and OMV's polyolefins businesses.
PetroChina Posts Lower Annual Profit
The decrease was due to lower refined oil products output and overseas gas production, as well as declines in realized prizes for crude, refined products and polyethylene.
Trump Claims Iran Yielded to US War Demands
The U.S. president said Iran 'gave' the U.S. most of the 15 demands it issued to Tehran to end the war, even as it remains unclear whether either side is negotiating.
Woodside Sees Delay in Start of Cleaner Ammonia Production at Texas Project
The expected delay is 'due to construction issues at the third-party feedstock supply facility'.
Greek Shipowner Sends Another Tanker Out Through Hormuz
A Greek shipowner sent another oil tanker outbound through the Strait of Hormuz.
UAE Port Ramps Up Hormuz-Dodging Oil Flows
The United Arab Emirates has been ramping up oil exports from a vital port that lies outside the Strait of Hormuz.
Oil Jumps as War Risks Intensify
Brent and WTI rallied sharply with traders pricing in prolonged conflict and supply risk.
Execs Predict What Price WTI Oil Will Hit in Future
Executives from oil and gas firms have revealed where they expect the WTI crude oil price to be at various points in the future in the first quarter Dallas Fed Energy Survey.
Treasury Sec Says Hormuz Insurance Program to Start Soon
Treasury Secretary Scott Bessent said a U.S. insurance program meant to boost shipping through the Strait of Hormuz will begin soon.
USA Crude Oil Stocks Rise by Almost 7MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 456.2 million barrels on March 20, the EIA's latest weekly petroleum status report showed.
Chevron, Libya Agree to Conduct Study in New Offshore Block
'This partnership is not merely a technical agreement but rather a message of confidence in the Libyan investment environment and evidence of the return of major companies to work and explore promising opportunities in our country'.
