BP Joins Shell and TotalEnergies in Namibia’s Offshore Rush
UK-based supermajor BP has agreed to buy 60% in three offshore exploration blocks in Namibia as part of its ongoing strategy to grow its upstream portfolio. The company will buy…
Chevron Agrees to Asset Swap in Venezuela to Focus on Oil Projects
By , and Chevron relinquishing Loran gas field Chevron signs pacts for expansion in the Orinoco Belt New areas, reassignments come after law reform approval CARACAS/HOUSTON, April 13 (Reuters) –…
Peak Oil Price Likely to Come ‘in Next Few Weeks,’ US Energy Secretary Says
By WASHINGTON, April 13 (Reuters) – Oil prices are likely to hit their peak “in the next few weeks” once ship traffic resumes through the Strait of Hormuz, U.S. Department…
US Begins Blockade of Iran’s Ports, Tehran Threatens Retaliation
By and Trump says Iranians want to make a deal US, Pakistani officials says talks continue Iran warns of harsh response to maritime blockade Oil prices jump back over $100…
EU Considers Lower Energy Taxes as Hormuz Crisis Drives Costs Higher
The European Commission is preparing to adopt next week a policy paper to recommend lowering energy taxes and grid charges as the EU looks to reduce the impact of the…
How Would Trump’s Blockade of the Strait of Hormuz Work?
By Weilun Soon and Clara Ferreira Marques U.S. President Donald Trump’s plan for a full naval blockade of the Strait of Hormuz threatens to deepen an already unprecedented crisis in…
US Natural Gas Futures Rebound on Oil Price Gain, Cooler Outlook
By US natural gas futures rose alongside oil prices as renewed risk to energy flows out of the Persian Gulf triggered financial inflows into baskets of energy products. Weather forecasts…
NATO Allies Refuse to Join Trump’s Strait of Hormuz Blockade
(Reuters) – The United States’ NATO allies said on Monday they would not get involved in President Donald Trump’s plan to blockade the Strait of Hormuz, further ratcheting up tensions…
TotalEnergies Strikes Oil and Gas at Congo’s Moho License
TotalEnergies has found oil and gas on a license which it has been developing offshore the Republic of Congo, the French supermajor said on Monday. TotalEnergies EP Congo, which operates…
Oil Soars 7%, OPEC Cuts Demand Forecast As Trump Moves to Block Iran Ports
Oil prices jumped more than 7% back above $100 a barrel as the U.S. moved to block ships sailing through the Strait of Hormuz in a bid to throttle Iran’s…
