bp Plc is off to a “great start” in its strategy reset and can follow through on the turnaround despite the recent drop in oil prices driven by U.S. President Donald Trump’s trade war, said Chief Executive Officer Murray Auchincloss. SourceContinue Reading
The Republic of Congo’s Minister of Hydrocarbons Bruno Jean-Richard Itoua will speak at African Energy Week (AEW) 2025. Congo is preparing to launch its 2025 licensing round – central to its strategy of increasing oil output from 274,000 to 500,000 bpd by 2027. SourceContinue Reading
CNOOC has led Beijing’s efforts to boost oil and gas output and bolster energy security, and its focus on extraction helped deliver near-record annual profits last year. But that dependence on upstream prices was a burden in Q1 2025. SourceContinue Reading
Subsea7 and SLB OneSubsea have secured a substantial engineering, procurement, construction and installation (EPCI) contract for bp’s Ginger project, offshore Trinidad and Tobago. bp’s Ginger development is located off the southeast coast of the island of Trinidad, at water depths of up to 90 meters. First gas is targeted for 2026. SourceContinue Reading
Over the past week, European nations largely represented by France, Germany, and the United Kingdom have tried their best to engage in talks between the United States, Ukraine, and Russia. There were a number of rather successful high-level meetings in Paris on April 17 and one in London six days later that ended up being...Continue Reading
UK Carbon Taxes Threaten Industry Investment Says INEOS Founder | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Apr 29, 2025, 12:00 PM CDT Sir Jim Ratcliffe...Continue Reading
Oil’s Forward Curve Flashes a Rare, Wobbly Smile | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Apr 29, 2025, 11:30 AM CDT If oil had a face right now, it would...Continue Reading
Global stocks were steady overnight, with U.S. equity futures marginally higher, as sentiment improved following reports that President Trump plans to ease tariffs on foreign auto parts used in U.S.-made vehicles. The news comes as Trump marks his first 100 days in office, ahead of a rally in Michigan scheduled for this evening. The Wall...Continue Reading
Lower Oil Prices Drag China’s CNOOC Profit Down Despite Higher Output | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 29, 2025, 10:30 AM CDT Chinese state-held oil and gas giant CNOOC booked lower net profit for the first quarter of 2025 as lower oil...Continue Reading
Scotland’s Sole Oil Refinery Shuts Down for Good | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 29, 2025, 10:30 AM CDT The only refinery in Scotland has stopped processing crude oil after 100 years of operation, as planned by its owners who announced the...Continue Reading
