Oil Giants Show Early Interest in US Gulf Deepwater Field Stake
LONDON/NEW YORK, April 2 (Reuters) – European energy majors TotalEnergies (TTEF.PA) and Shell (SHEL.L) are among companies eyeing a majority stake in one of the U.S. Gulf’s most promising sites,…
Europe Braces for Prolonged Energy Crisis as Supplies Tighten
Europeans must prepare for an extended period of tight oil and gas supplies, the EU’s energy commissioner Dan Jørgensen told the Financial Times. “This will be a long crisis . . . energy…
JP Morgan Sees $150 Oil if Hormuz Remains Closed Through Mid-May
Oil prices could top $150 per barrel if energy flows through the Strait of Hormuz remain disrupted through the middle of May, according to JP Morgan. Prices are headed to…
Canada’s Synthetic Crude Soars 200% as War Chokes Diesel Supply
The price of Canada’s synthetic crude, which has rich diesel yield for refiners, has surged by nearly 200% since March 27 as the Middle East war cripples global diesel supply…
Why Has the WTI Oil Price Surpassed Brent?
Why has the West Texas Intermediate (WTI) oil price surpassed Brent? That was the question Rigzone asked Art Hogan, chief market strategist at B. Riley Wealth, and Phil Flynn, a…
Top Stories Of The Day: Cosmic PV Files ₹640 Cr IPO; Neuron Launches BESS Facility and More…
Surat-based Cosmic PV Power has filed its draft red herring prospectus with SEBI for a proposed ₹640 crore IPO. The issue is expected to include a fresh issue of ₹540…
OPEC+ Prepares Paper Oil Barrels While Exports Stall
OPEC+ is preparing to weigh another output increase this Sunday as the world’s most critical oil artery remains effectively shut. Eight core members of the group are expected to discuss…
Oil Majors Eye U.S. Offshore Asset as Supply Crunch Intensifies
TotalEnergies and Shell are among the companies interested in buying a majority stake in the Shenandoah oil and gas field that is being sold by Beacon Offshore Energy and HEQ…
Japan’s JERA Cancels Long-Term LNG Deal With Commonwealth
Japan’s JERA and Commonwealth LNG have terminated a deal for the supply of liquefied gas to the Japanese firm, Reuters has reported, citing a filing with the U.S. Department of…
US Utility-Scale Solar Developers Rush To Safe Harbor Massive Capacity Ahead Of Internal Revenue Service (IRS) And Policy Deadlines
Representational image. Credit: Canva The US utility-scale solar sector has gone through an extraordinary period of “safe harboring” activity over the past 18 months, as developers worked urgently to secure…
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