Spain touts energy resilience to Iran war as Trump tensions cast shadow over trade
The southern European country has ramped up its investment in solar and wind technologies in recent years.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
U.S. seeks bigger energy foothold in India. Why it could be a problem for New Delhi
U.S. pushes energy sales to energy‑starved India, but higher costs, refinery mismatches, and tight supply pose risks.
Read MessagePakistan Oil Tanker Is First to Cross Hormuz since US Blockade
A Pakistan-flagged tanker that entered the Persian Gulf over the weekend has become the first carrier to exit through the Strait of Hormuz with a crude cargo since a U.S. blockade began.
Read MessageHormuz crisis deepens as oil producers, tanker owners dispute risk
Oil shipments through the Strait of Hormuz are at a near-standstill as producers and tanker owners clash over who bears transit risk. The standoff is driving freight rates higher and adding pressure to already strained global supply flows.
Read MessageOil falls as Trump reiterates Iran war ‘should’ end soon and Israel-Lebanon truce lifts hopes
Oil prices fell after Donald Trump said Israel and Lebanon had agreed to a 10-day ceasefire following talks in Washington.
Read MessageNamibia fast-tracks oil law reform ahead of first oil as offshore activity accelerates
Namibia is accelerating petroleum law reforms to strengthen investment conditions and support offshore development in the Orange basin as the country moves toward first oil.
Read MessageTrump officials urge U.S. oil industry to increase production amid supply shock
The White House is pressing U.S. oil producers to increase output as a global supply shock unfolds. But with uncertainty over how long disruptions will last, companies remain cautious on new drilling.
Read MessageCrude Gains as Hormuz Blockade Persists
Traders remain cautious as ceasefire optimism clashes with severe supply constraints and global economic concerns.
Read MessageTrump List of Saved Projects Spares $5B Hydrogen Hubs
The Trump administration plans to preserve billions of dollars in funding for hydrogen ventures and other projects previously earmarked for termination.
Read MessageBrent oil price near $100 again with U.S.-Iran talks uncertain and Hormuz still blocked
Just a few tankers are passing through the Strait of Hormuz, as the U.S. Navy blocks Iran's coast and Tehran threatens to retaliate against ships in the Gulf.
Read MessageHormuz crisis deepens as oil producers, tanker owners dispute risk
Oil shipments through the Strait of Hormuz are slowing as producers and tanker owners clash over who bears transit risk. The standoff is driving freight rates higher and adding pressure to already strained global supply flows.
Read MessageTransocean wins $158 million drillship contract for Eastern Mediterranean campaign
Transocean has secured a $158 million contract for its Deepwater Asgard drillship in the Eastern Mediterranean, supporting a five-well campaign set to begin in late 2026. The award adds to a wave of recent backlog growth as offshore drilling activity strengthens globally.
Read MessageAssala achieves first oil at Grand N’Gongui field onshore Gabon
Assala has achieved first oil at the Grand N’Gongui field in Gabon, launching a phased development targeting over 10,000 bopd and unlocking significant onshore reserves.
Read MessageChevron Expands Heavy Oil Footprint in Venezuela
In an asset swap, PDVSA agreed to sell a 13.21 percent stake in the Petroindependencia JV to Chevron, whose ownership would increase to 49 percent.
Read MessageAirline CEOs urged by lawmaker to lower fares if fuel prices come down
Airlines have raised airfare, fuel surcharges and baggage fees this year to help cover a surge in fuel costs since the Iran war started on Feb. 28.
Read MessageUSA Crude Oil Stocks Drop Almost 1MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 463.8 million barrels on April 10, the EIA's latest weekly petroleum status report showed.
Read MessageBessent Says USA Won't Renew Iranian, Russian Oil Waivers
Treasury Secretary Scott Bessent reaffirmed that the U.S. would not renew general licenses that allowed for the temporary sale of certain Russian and Iranian crude.
Read MessageIberdrola to Raise Italian Capacity to 400MW with CCE Acquisition
The Spanish company signed a deal to acquire a recently commissioned 42-MW solar plant in Lazio from Austria-headquartered CCE.
Read MessageU.S. natural gas exports to grow nearly 30% by 2027 as LNG facilities ramp up
In our latest Short-Term Energy Outlook (STEO), we forecast that U.S. liquefied natural gas (LNG) exports will continue to increase as five LNG export projects start operations and ramp up production by the end of 2027. We also forecast increased natural gas pipeline exports, mainly to Mexico. In our forecast, net exports of U.S. natural...
Read MessagePetrobras board vote comes amid oil price surge, fuel policy pressure in Brazil
Petrobras shareholders vote on a new board this week as surging oil prices intensify pressure on Brazil’s fuel pricing policy. The outcome could shape how the state-controlled company balances political priorities with market realities.
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