Summary US, Iran to sign MOU on peace deal on Friday, Pakistan PM says Deal includes reopening of Strait of Hormuz Further talks on final agreement expected in next 60 days LONDON, June 15 (Reuters) – Oil prices slipped to a 3-month low on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they …
Oil Hits 3-Month Low as US, Iran Reach Peace Deal to Reopen Strait of Hormuz Read More »
British oil major BP has started a process to sell stakes in two of its Gulf of Mexico projects, four people with knowledge of the matter said, in what would be one of new CEO Meg O’Neill’s first moves. BP, one of the largest operators in the Gulf of Mexico, has been weighing a …
BP Starts Process to Sell Stakes in Two Gulf of Mexico Projects, Sources Say Read More »
By EnergyNow Editorial Staff For much of the past decade, international investors viewed Canada’s oil and natural gas sector as a paradox. The country possesses some of the largest petroleum reserves in the world, a highly skilled workforce, strong environmental standards, political stability, and access to growing global energy markets. Yet despite these advantages, billions …
by EnergyNow Editorial Staff The Trump administration has launched a major effort to expand offshore oil and gas development along the California coast, reopening a debate that has largely been dormant for decades. In January, the U.S. Department of the Interior began the process of considering new offshore lease sales in federal waters off Central …
Trump’s Push for New Offshore Drilling Off California Faces Growing Opposition Read More »
A liquefied natural gas tanker that has been trapped in the Persian Gulf for over three months appears to be heading toward the Strait of Hormuz, just as the US and Iran say they have reached a deal to reopen the waterway. Disha, which is under a long-term charter with an Indian state-owned importer, is north of …
LNG Tanker Heads Toward Hormuz as Deal Raises Hopes of Reopening Read More »
Shell once had grand ambitions to be the world’s biggest electricity producer through renewable energy sources Bloomberg News The plan to sell the offshore farms marks a further departure from the British energy giant Shell’s past strategy to diversify into green electricity, as they pivot back to fossil fuels. Shell PLC is preparing to launch a …
Shell Plans US$1 Billion Wind Farms Sale in Latest Renewables Exit Read More »
SINGAPORE, June 15 (Reuters) – Oil prices slipped in early trading on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they have reached a deal to halt the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $3.51, or 4.02%, to $83.82 by 2203 GMT and …
Reuters A senior Iranian official told Reuters a final draft of the memorandum of understanding with the U.S. covered a range of issues, from Tehran’s nuclear work to reopening the Strait of Hormuz and U.S. waivers on oil sanctions, with a final deal to be discussed in the 60 days following agreement by the two …
Iran Says Draft US Deal Includes Oil Sanctions Waiver, Nuclear Limits and Asset Release Read More »
Summary Brent hits lowest level since early March, WTI at lowest since April Analysts say upside risks remain, seasonal demand could lift prices OPEC lowers 2026 oil demand growth forecast to 970,000 barrels per day, raises 2027 forecast HOUSTON, June 12 (Reuters) – Brent crude prices fell to their lowest levels since early March as …
Oil Falls to Lowest Since March on Expected Peace Deal Read More »
By Priscila Azevedo Rocha and Ruth Liao US liquefied natural gas developers expected Europe to become the cornerstone market for the next generation of export projects. Instead, the region is increasingly shying away from the long-term contracts needed to get them built. US executives are coming back empty-handed this year from the industry meetings and …
US LNG Exporters Find Few Takers in Europe for New Supply Read More »
