By Shadia Nasralla Lund oversaw BP’s 2020 plan to slash oil, gas output Company veered back towards oil and gas this year Elliott, shareholders had discussed potential leadership changes April 4 (Reuters) – BP (BP.L) Chair Helge Lund intends to step down “likely during 2026”, the energy group said on Friday amid a campaign by …
BP Chair Lund to Exit ‘Likely’ in 2026 Amid Elliott Campaign Read More »
By Mohi Narayan (Reuters) – Sweeping new U.S. import tariffs threaten to further erode demand for global petrochemical producers and accelerate capacity cuts in an industry plagued by weak margins, industry officials and analysts said. Tariffs announced by President Donald Trump on Wednesday are expected to drive up prices for goods such as electronics, appliances …
Trump Tariffs Poised to Exacerbate Woes of Ailing Petchems Sector Read More »
Deep Fission plans to integrate Deep Isolation’s deep borehole repository technology into its operations.
Black Gold Exploration Corp. and LGX Energy Corp. are working to start production at the Fritz 2-30 oil and gas well in Indiana within 60 days.
Brookfield Infrastructure Partners LP has agreed to acquire Colonial Enterprises, the owner of the Colonial Pipeline, in a deal valued at $9 billion.
Matador Resources Co. divested its Eagle Ford Shale assets “in preparation for turbulent times” but doesn’t expect tariffs to affect well costs until the second half of 2025.
Brookfield Infrastructure Partners is buying Colonial Pipeline, the largest U.S. fuel transportation system, in a deal valued at about $9 billion, including debt, the company said on Thursday. The deal to acquire all assets of Colonial Enterprises, including Colonial Pipeline, is expected to close in the second half of 2025. Colonial’s pipeline system stretches over …
Brookfield to Buy Colonial Pipeline for About $9 Billion, Including Debt Read More »
Goldman Sachs lowered its forecast for Brent crude’s average price this year by 5.5% to $69 a barrel and for WTI prices by 4.3% to $66, citing the risks of higher OPEC+ supply and the global trade war triggering a recession. The Wall Street brokerage also chopped its 2026 average price forecast for Brent by …
Goldman Cuts Oil Price Forecasts Amid Tariff Fears, Higher OPEC+ Supply Read More »
Major U.S. stock indexes registered their biggest daily percentage drops since 2020 on Thursday and the dollar weakened as U.S. President Donald Trump’s drastic trade tariffs stoked fears of a global recession and led investors to seek safe-haven assets like bonds and the yen. S&P 500 companies lost a combined $2.4 trillion in stock market …
U.S. liquefied natural gas developer Venture Global exported 29 cargoes from its Plaquemines facility in Louisiana during the first quarter of 2025, the company said in a regulatory filing on Thursday. Venture Global realized an average fixed liquefaction fee of $7.26 per million British thermal units (mmBtu) from the Plaquemines plant, it said in the …
Venture Global says it Exported 29 Cargoes from Plaquemines LNG Plant in Q1 Read More »
