EIA Sees 2.2 Million Barrel Per Day Glut in 2025
World petroleum and other liquid fuels production will outweigh consumption by 2.24 million barrels per day in 2025. That’s according to the U.S. Energy Information Administration’s (EIA) latest short term…
Venezuela May Have to Start Shutting Oil Wells Soon
Venezuela may be forced to start shutting in oil production as it runs out of storage space amid the U.S. tanker blockade, Bloomberg has reported, citing unnamed sources. According to…
EIA: Brazil, Guyana, Argentina Driving 2026 Oil Output Growth
Brazil, Guyana, and Argentina are set to be major drivers of non-OPEC oil supply growth in 2026, accounting for half of the expected 0.8 million barrels per day (b/d) increase…
Flowserve buys Greenray Turbine Solutions for $72m
Industrial machinery supplier Flowserve has strengthened its profile in the industrial gas turbines sector after buying UK-based Greenray Turbine Solutions for $72m. Flowserve forecasts that the acquisition will add around…
MidOcean completes LNG Canada stake acquisition
Liquefied natural gas business MidOcean Energy has completed its acquisition of a 20% stake in the partnership that holds Petronas’ 25% interest in the LNG Canada Project. The deal includes…
Oil Executives Predict Another Dull Year In 2026
The latest survey by the Federal Reserve Bank of Dallas has revealed lingering pessimism in oil markets, with executives seeing lower activity and higher costs amid weak oil prices, but…
O’Neill Leaves Woodside to Become BP CEO
BP PLC on Wednesday announced the resignation of Murray Auchincloss as chief executive and the appointment of Meg O’Neill as his replacement, in the oil and gas giant’s second CEO change…
Podcast | Industrial Gases in Asia-Pacific
In this episode of The 1895 Podcast, we look back on gasworld’s APAC Industrial Gas Conference 2025 and pick out some of the best insights from event. We discuss the…
Woodside Energy CEO to become BP CEO from April
Meg O’Neill will become BP’s CEO from 1 April 2026 after Murray Auchincloss’ abrupt departure today. Carol Howle, current Executive Vice-President, Supply, Trading & Shipping, will serve as interim CEO…
U.S. Weighs New Oil Sanctions on Russia if Putin Rejects Peace Deal
The United States is considering a fresh barrage of sanctions against Russia’s oil exports if Russian President Vladimir Putin rejects a peace agreement for Ukraine, anonymous sources with knowledge of…
