Industry News
BP reports 45% earnings drop in Q1 2024, cites lower energy pricesÂ
BP’s first quarter results show an underlying replacement cost profit of £2.7bn, down by 45% from $4.9bn during the same
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Industry News
US natural gas prices up 3% to 14-week high
US natural gas prices up to a 14-week high due the ongoing decline in output and increased demand for feedgas
Company News
BW Group to separate oil and gas exploration businessÂ
BW Group has announced a corporate restructuring that will see its oil and gas exploration business, BW Energy, become a
Deal News
ADNOC abandons talks to acquire stake in Brazil’s BraskemÂ
ADNOC has ceased discussions regarding the acquisition of a majority stake in the Brazilian petrochemical company Braskem. Â
Deal News
Shell to exit downstream businesses in South Africa, MalaysiaÂ
Shell plans to divest from its downstream operations in South Africa and is in talks to sell its Malaysian gas
Deal News
Sinopec eyes stake in Canada’s Cedar LNG projectÂ
Chinese oil company Sinopec is in talks with Pembina Pipeline for an LNG offtake agreement and an equity stake in the Cedar
Industry News
UK’s NSTA awards 31 new North Sea oil and gas exploration licences
North Sea Transition Authority (NSTA) has awarded 31 new oil and gas licences in the North Sea, supporting UK energy
Deal News
Glencore, PT Chandra Asri nears $1bn deal for Shell’s Singapore assets
Glencore and Indonesia’s PT Chandra Asri in advance talks to acquire Shell’s assets in Singapore, reported Bloomberg News.
Deal News
Occidental eyes over $1bn from Permian basin assets saleÂ
Occidental is exploring a sale of its assets in the Permian basin’s Barilla Draw region, which could garner over $1bn,