Industry News
US sanctions two Hezbollah-linked LPG carriers
The US Treasury sanctioned two ships smuggling oil and liquefied petroleum gas (LPG) to Syria to seemingly help raise funds for Hezbollah.
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Company News
Equinor announces partial electrification of North Sea Troll B and C platforms
Equinor has announced the partial electrification of the Troll B and C platforms in the North Sea from shore a significant step towards reducing carbon emissions on the Norwegian Continental Shelf (NCS).
Deal News
Bapco Energies to sell minority stake in Saudi-Bahrain pipeline to BlackRockÂ
Bapco Energies has entered into an agreement with BlackRock’s team to sell a minority stake in the Saudi Bahrain Pipeline Company (SBPC). Â
Industry News
UK hits ten oil vessels with sanctions in fight against Russia’s ‘shadow fleet’Â
Since the imposition of a raft of international sanctions, Russia has been finding ways work around them to maintain its oil and gas exports.
Deal News
Viper Energy to acquire mineral and royalty interests in Permian Basin for $1.1bnÂ
Viper Energy, along with its operating subsidiary Viper Energy Partners (OpCo), has agreed to acquire subsidiaries of Tumbleweed Royalty IV.
Company News
Indian JV gains full production rights in Abu Dhabi’s onshore blockÂ
The Supreme Council for Financial and Economic Affairs of Abu Dhabi has awarded full production rights for an onshore block to Urja Bharat.
Deal News
Diamondback Energy completes $26bn merger with Endeavor Energy Resources Â
Diamondback Energy has completed the merger with Endeavor Energy Resources, creating a leading operator focused on the Permian Basin.Â
Industry News
Nigeria seizes over 198,000 litres of stolen crude oil
Nigeria has experienced numerous cases of oil theft and pipeline damage in the past few years, prompting the government to take tough action.
Industry News
EIA expects spike in oil prices despite concerns over economic growth
The energy body anticipates that OPEC+ production cuts will decrease global oil reserves, as global oil consumption is expected to outstrip global oil production.
Industry News
OPEC cuts oil demand growth projections
OPEC’s monthly report indicates a 2025 growth at 1.7 million barrels per day (mbbl/d), slight below this year’s figure.