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…
DNO secures North Sea oil offtake agreements with ExxonMobil and Shell
Norwegian independent DNO ASA has finalized new North Sea oil offtake agreements with subsidiaries of ExxonMobil and Shell, effective Jan. 1, 2026, securing up to $410 million in related financing…
Ukrainian Attack Halts Production at Lukoil’s Grayfer Field
Ukraine has damaged an offshore drilling rig at Lukoil’s Grayfer field in the Russian Caspian Sea in a drone attack, the Ukrainian General Staff said on Wednesday. As a result…
Norway Plans Stronger Sabotage Response Readiness for Grid Operators
Norway’s water and energy directorate NVE has proposed stricter rules for power grid operators to be ready to repair links and power lines in case of sabotage. NVE wants all…
U.S. Blockade Threatens Venezuela’s Crucial Russian Naphtha Supply
Venezuela’s supply of Russian naphtha is at risk of crumbling, threatening the South American country’s crude exports, after U.S. President Donald Trump ordered a blockade of sanctioned tankers heading to…
Phillips 66 Sees Strong Support for Western Gateway Pipeline
The newly proposed Western Gateway Pipeline, planned to ship fuels from Midwest refineries all the way to California, is gathering growing support from federal, state, and industry circles, according to…
Global Coal Demand Hits All-Time High
The world’s coal demand is on track to hit a record high this year as policy shifts, weather, and fuel prices have pushed higher consumption in regions previously thought to…
India’s Russian Oil Intake Proves Resilient After U.S. Sanctions
India continued to import Russian crude at a rate of over 1 million barrels daily this month, despite U.S. sanctions on the two biggest exporters that came into effect in…
UK study to explore oxygen dosing and alternatives for hydrogen pipelines
Engineering consultancy Penspen will assess the use of oxygen as a potential solution to prevent hydrogen embrittlement as the UK builds out a national hydrogen pipeline network. The project has…
