Trending News: Energean Slashes Dividend After Israel Gas Shutdown Cuts OutputWoodside CEO: Markets Are Badly Underestimating the LNG Supply ShockIndonesia Tightens Grip on Key Commodity ExportsThree Supertankers Carrying 6 Million Barrels Exit Strait of HormuzUK Eases Some Russian Oil Sanctions as Fuel Prices SoarEU approves €288m German state aid for two semiconductor projectsOil Prices Slump After Trump Comments While Analysts Point to Supply CrunchWould USA Allow Iran Hormuz Tax In Exchange for Peace Deal?30MW UK-backed green hydrogen project takes FID30MW UK-backed green hydrogen project takes FIDNorwegian PEM firm Hystar launches standardised 20MW hydrogen plant designSweden P2L project receives e-SAF funding boostUniversity launches mobile CO2 capture pilot facility in ItalyTwo Supertankers Exit Hormuz With Crude Bound for ChinaStrikes Hit Two Australian LNG Facilities After Wage Talks CollapseIndia Eyes Direct Gulf Oil Loading Despite Hormuz BlockadeIndia’s Agnikul scales up testing of 3D printed semi-cryogenic enginesGermany secures EU approval for €1.3bn hydrogen subsidy auctionGermany secures EU approval for €1.3bn hydrogen subsidy auctionCO2 utilisation company opens e-fuel system manufacturing hub in PennsylvaniaGoldman Sachs Says US Natural Gas Output Shows signs of Price SensitivityINSIGHT: Giant US Power Merger Bets on AI Build-Out, but May Hinge on Power BillsSEE THEM HERE: Some of the Biggest Power Companies in USWhy Is Oil Moving Lower Today?Three key energy scenarios in Middle East crisisThree key energy scenarios in Middle East crisisHydrogen Council urges hydrogen role in Middle East crisis responseWillis launches global CCS insurance solutionJinko Academy Returns to Al Hussein Technical University (HTU) in JordanGreen Energy Stocks Trade Mixed As Investors Show Selective Buying Interest (20 May 2026)FIMER Announces Strategic Partnership With Redington Solar To Strengthen Pan India Distributor NetworkAlsons Power Converts 55 MW Diesel Plant Into 98.7 MW Solar Project In the PhilippinesDioxycle targets commercial production from 2028Iberdrola Chairman Ignacio Galán Emphasises Electrification As Key To Europe’s Industrial Growth At The European Round Table For Industry Plenary In GothenburgHydrogen Europe urges stronger green fertiliser measures in EU Action PlanU.S. LNG Exporters Ask Europe for a Methane TimeoutUS Crude Inventories Fall Quickly, But Still Up This YearEurope’s EV Sales Surge as Oil Shock Hits DriversSunfire boss: Europe must protect electrolysers while it still has edge over ChinaPodcast | Stopping leaks before they start: practical tubing installation lessons from the fieldVideo | What does India need to accelerate green hydrogen deployment?Charbone and Vema partner to scale Quebec hydrogen supplyUS seeing rush in clean energy projects ahead of tax credit deadlinesUK to Allow Import of Fuels Refined from Russian OilIEA: Hydrogen will be ‘critical’ to long-term security post-Middle East crisisEquinor and Eneco Sign New Long-Term Gas Supply DealAPI Shows US Crude Stocks Fall for Fifth Straight Week, Fuel Inventories Also Drop, Sources SayUS Gas Exporters Ask to Push Back EU Methane Regulation Until 2028Oil & Gas Dealmaking Heats Up With $20 Billion of Assets in PlayVenezuela Tries to Convince Big Oil It’s Safe to Come BackGrossi warns at Security Council against attacks on nuclear plantsRisks of novel Sizewell C financing model must be monitored, says public auditorIran Lays Out Sweeping Demands as U.S. Weighs Military Strike PauseIndia Curtailed 300 GWh of Clean Energy in Q1 as Grid Lags Solar BuildUS Senate Confirms Trump’s Pick to Lead Land BureauHigh Gas Prices Spur Americans to Improvise, From Bus Rides to Toy CarsData Center Rush Worsens Shortages of Power, Grid WorkersShell Shareholders Reject Climate Activist Resolution as They Re-Elect CEO, ChairmanConocoPhillips Expects Qatar Gas JVs Delays of Months, Not YearsIndian Airlines Ask Refiners to Postpone Local Jet Fuel Price HikeNigeria Needs New Export Markets as UAE’s Exit Rattles OPECGermany Launches Formal Sale Process for UniperIran’s Floating Oil Stockpile Jumps 65% as U.S. Naval Blockade BitesTopsoe SOEC order arrives as manufacturing ambitions coolTopsoe SOEC order arrives as manufacturing ambitions coolWaga Energy and Casella Waste Systems inaugurate New York RNG facilityProblem-solving lessons from spaceOil Falls as Trump Holds off on Scheduled Attack on IranFortum launches Finland electrolyser testing centreAsia’s Gas Crunch Opens the Door for Australian LNGIndia Hikes Fuel Prices for the Second Time in a WeekAustralia Turns to China for Emergency Jet Fuel SuppliesJapan and South Korea Deepen Oil Ties as Hormuz Crisis BitesExplained – Heatwaves Vs. Solar Efficiency: Understanding The Impact Of Peak Summer Temperatures On Solar PV Plant PerformanceDATA CENTER INSIGHT – The New Infrastructure Race in North America and Why Communities Don’t Want ThemNextEra CEO Says He Feels ‘Very Good’ About Dominion Offshore Wind ProjectBP Fails to Reach Deal with Union as Indiana Refinery Lockout Drags OnSOL Group expands home care footprint with UK and Brazil dealsAir Liquide to invest €20m in Oberhausen syngas plant expansionMauritius Clean Energy Week 2026 to Spotlight the Island’s Next Wave of Solar, Storage & Smart Energy Growth This July Hyundai advances waste-to-hydrogen project in Hong KongJinkoSolar Showcase Cutting-Edge Solar Solutions at Power Uzbekistan 2026, Secures 1GW Framework Agreements with Four Distributors On-SiteGreen Energy Stocks Shine Despite Weak Indian Market Sentiment On May 19, 2026Green hydrogen developers can’t remove all risk – but can reduce uncertainty: ShellCan Middle East Oil Producers Meaningfully Bypass the Strait?K Line signs FjordH2 hydrogen shipping agreementK Line signs FjordH2 hydrogen shipping agreementTenaga Nasional Berhad Launches 100 MW/400 MWh Santong Battery Storage Project In MalaysiaEuropean electrolysers can beat China on LCOH if demand emerges, says Nucera bossChina launches first geothermal project using supercritical CO2 to boost efficiencyThe rise of long-term helium contractsGrid Bottlenecks Could Slow Southeast Asia’s Power Demand Surge Oil Prices Fall After Trump Pauses Planned Iran StrikeVideo | What will make green hydrogen projects bankable in India?Mendell Helium completes acquisition of M3 HeliumReopening Europe’s green hydrogen rules ‘not a good idea,’ Air Products warnsEnergy minister: Oman’s first green ammonia to be shipped next year, but scale still too smallPort of Rotterdam’s 32km hydrogen pipeline to open this weekTrump Delays Planned Strike after Gulf Allies AppealedNextEra-Dominion Energy Merger To Create World’s Largest Electric Utility

BP Nears Deal to Sell Majority Stake in Castrol to Stonepeak, WSJ Reports

Business & Policy
December 24, 2025

BP and Stonepeak did not immediately respond to Reuters’ requests for comment.

Get the Latest US Focused Energy News Delivered to You! It’s FREE:

Reuters reported in November that BP was in talks with Stonepeak about the sale of Castrol, which would be a significant step toward meeting the energy company’s $20 billion divestment goal.

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Rashmi Aich)