North Sea Oil Swaps Hit Record Volume as Prices Spiked
A record volume of swaps that traders use to hedge benchmark physical oil prices changed hands on Friday as prices jumped.
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Tariff Tensions Cloud Oil Market Outlook
Market uncertainty grew with mixed signals on Russia and Iran, affecting oil demand forecasts.
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Trump Vents Anger at Putin Over Ukraine, Hints at Oil Curbs
President Donald Trump said he was 'very angry' at Vladimir Putin.
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Eni, Saipem Extend Biorefining Collaboration
'Through this agreement, Eni, in line with its goal of decarbonizing processes and products, intends to further develop its biorefining capacity through the development of new initiatives to produce biofuels'.
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Prairie Closes $603MM DJ Basin Acquisition from Bayswater
The acquisition boosts Prairie's production by approximately 25,700 net barrels of oil equivalent per day (boepd).
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Ukraine Receives Critical Energy Equipment from Norway
The aid included generators, autotransformers and equipment to enhance natural gas production.
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BP Advances Gas Development in Trinidad and Tobago
Ginger will become bpTT's fourth subsea project and will include four subsea wells and subsea trees tied back to bpTT's existing Mahogany B platform.
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USA DOI Generates $39MM from 1Q 2025 Oil, Gas Lease Sales
'This quarter's lease sales demonstrate Interior's unwavering commitment to fostering American energy dominance', Department of the Interior Secretary Doug Burgum said.
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Shell Completes Takeover of Pavilion Energy, Sale of Singapore Energy Park
Shell completed separate transactions to take over Singapore-based LNG trader Pavilion Energy and divest its Energy and Chemicals Park in the Southeast Asian city-state.
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Rystad Looks at Latest Round of USA Sanctions on Iran
'If the sanctions are expanded ... the consequences will reach far beyond Iran, could reshape geopolitics, and send shockwaves through energy markets', Rystad warned.