TotalEnergies, Repsol Launch UK North Sea JV
'NEO NEXT+ becomes the largest independent oil and gas producer on the UK continental shelf with an expected 2026 production of over 250,000 barrels of oil equivalent per day'.
USA Embassy in Venezuela Formally Reopens
The U.S. Embassy in Venezuela is formally resuming operations Monday.
WTI Settles Above $100 Amid Escalation
Traders brace for further upside as geopolitical tensions intensify.
EPA Adopts New RFS, Leaves Out Renewable Power
'The Trump EPA has removed 'renewable electricity' from the RFS program; once again taking action to end the efforts to push EVs onto the American people'.
Bessent Says USA to 'Retake' Hormuz Control
Treasury Secretary Scott Bessent indicated optimism about a reopening of the Strait of Hormuz for passage of cargo ships.
North America Drops 33 Rigs Week on Week
North America dropped 33 rigs week on week, according to Baker Hughes' latest North America rotary rig count.
Execs Predict Where NatGas Price Will Land in Future
Executives from oil and gas firms have revealed where they expect the Henry Hub natural gas price to be at various points in the future in the first quarter Dallas Fed Energy Survey.
EDF to Supply Nuclear Power to TotalEnergies Downstream Sites in France
EDF bagged a 12-year deal to deliver nuclear electricity to TotalEnergies's refining and chemical sites in France.
JPM Warns of Vulnerability That Could Add $20 to Oil Price
'The conflict is no longer concentrated in the Persian Gulf and around the Strait of Hormuz', J.P. Morgan analysts warned.
ADNOC, OMV Unveil Executive Leadership for Polyolefins JV
OMV and ADNOC named NOVA Chemicals resident and chief executive Roger Kearns as CEO of Borouge Group International, set for launch this March as a consolidation of ADNOC and OMV's polyolefins businesses.
PetroChina Posts Lower Annual Profit
The decrease was due to lower refined oil products output and overseas gas production, as well as declines in realized prizes for crude, refined products and polyethylene.
Trump Claims Iran Yielded to US War Demands
The U.S. president said Iran 'gave' the U.S. most of the 15 demands it issued to Tehran to end the war, even as it remains unclear whether either side is negotiating.
Woodside Sees Delay in Start of Cleaner Ammonia Production at Texas Project
The expected delay is 'due to construction issues at the third-party feedstock supply facility'.
