By Andres Gonzalez BP hired Goldman Sachs to sell Castrol, sources say BP is under investor pressure, sources say BP has tapped potential private equity, strategic investors, sources say Company is working on more divestments, partial sale renewables LONDON, May 22(Reuters) – BP (BP.L) has kicked off the sale of its more than a century-old …
Wastewater disposal in the Permian Basin is boosting pressure underground, threatening to hinder oil production By Kevin Crowley and David Wethe Produced water gushes out of the ground a geyser in Toyah, Texas, on Wednesday, Oct. 2, 2024 in Toyah, Texas. Photographer: Elizabeth Conley/Houston Chronicle/ Getty Images Texas regulators are warning that wastewater from fracking …
The Biggest US Oil Field Is at Risk of Poisonous Water Leaks, Texas Warns Read More »
By Yongchang Chin and Crayton Harrison US Secretary of State Marco Rubio said in a post on X that a Venezuela oil-export license will expire next Tuesday, defying earlier expectations that it would be extended. The tighter time frame would put pressure on Chevron Corp.’s operations in the sanctioned nation. The US oil giant has …
Rubio Says Venezuela Oil License to End, in Setback for Chevron Read More »
By Arno Schuetze Deutsche Bank AG won’t move ahead with a plan to add restrictions on financing oil and gas, as it assesses the legal risks of doing so, according to its chief executive. “The legal environment has changed, and we are currently analysing this in detail in order to minimise potential risks for the …
Deutsche Bank Hits Pause on New Oil Curbs, Citing Legal Risk Read More »
Lower pump prices are in the consumer’s favor in the short term, but in the long term … it’s complicated.
BP has kicked off the sale of its more than a century-old Castrol lubricants business in a key step in the British energy group’s divestment plan to boost its share price.
(Reuters) – Israel will receive a “devastating and decisive response” if it attacks Iran, Tehran’s Revolutionary Guards said on Thursday, days after CNN reported U.S. intelligence suggesting Israel was making preparations to strike Iranian nuclear facilities. “They are trying to frighten us with war but are miscalculating as they are unaware of the powerful popular …
Iran’s Revolutionary Guards Warn Israel Against Any Attack Read More »
(Reuters) – OPEC+ members are discussing whether to agree on another large production increase at their meeting on June 1, Bloomberg News reported on Thursday. An output hike of 411,000 barrels a day (bpd) for July is among the options under discussion, although no final agreement has yet been reached, the report said, citing delegates.
A shareholder advocacy group says reviving a liquefied natural gas export project in Quebec’s Saguenay region would be costly and likely unprofitable. Investors for Paris Compliance says demand for LNG in Europe dropped by 18 per cent between 2022 and 2024, and Canadian exports would have a hard time competing in Asian markets. A report …
New Report Casts Doubt on Revival of Quebec LNG Project Read More »
(Reuters) – If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump. Trump’s trade and tariff measures have forced commodity producers, traders and buyers to re-think long-established relationships, adapt …
Canada’s Seaborne Crude Oil Shift to China Results in Unintended Consequences for Trump Read More »
