Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
OMV's executive board proposed Emma Delaney, outgoing customers and products executive vice president at BP, as replacement for Alfred Stern and the Austrian state-backed energy company's first female CEO.
Read MessageThe Gulf country's Energy and Minerals Ministry opened bidding applications for five new oil and gas concession areas.
Read MessageThe negotiations collapsed because of differences over the nuclear issue, Trump said.
Read MessageThe U.S. naval blockade of the Strait of Hormuz threatens to halt more tanker traffic, sending oil surging and risks drawing China into a widening confrontation with Washington.
Read MessageInvestors appear to have already priced in much of the geopolitical risks and are growing less reactive to headlines.
Read MessageOil giant BP is bracing for a possible shareholder revolt at its upcoming annual general meeting.
Read MessagePresident Donald Trump said he ordered the U.S. Navy to find and interdict any ship in international waters that has paid a toll to Iran to transit the strait.
Read MessageTürkiye has launched its first overseas offshore drilling campaign, deploying the Çağrı Bey drillship to drill the Curad-1 ultra-deepwater well offshore Somalia, targeting a potential oil discovery.
Read MessageTotalEnergies is advancing a major Africa project pipeline, including Congo oil developments, Mozambique LNG restart and Namibia exploration, positioning for production growth through 2026.
Read MessageINNIO and Rehlko have signed a 1.25-GW gas engine supply agreement to support growing demand from data centers and flexible power generation projects across global markets.
Read MessageThe U.S. Department of Energy has loaned 8.5 million barrels of crude from the Strategic Petroleum Reserve in a second release aimed at stabilizing oil markets amid supply disruptions tied to the Iran war.
Read MessagePresident Trump said the U.S. will move to blockade the Strait of Hormuz after failed Iran talks, raising major risks to global oil and LNG flows through the critical energy chokepoint.
Read MessageEurope faces a systemic jet-fuel shortage in three weeks' time if the Strait of Hormuz remains restricted until then, a regional airport trade association warned.
Read MessageOvintiv has closed the $3 billion sale of its Anadarko basin assets in Oklahoma, with proceeds expected to reach $2.85 billion and support debt reduction and portfolio optimization.
Read MessagePakistan confirmed the arrival of Iran's parliament speaker and foreign minister ahead of talks with a U.S. delegation led by Vice President JD Vance.
Read MessageSaudi Arabia's oil exports via the Red Sea are holding steady for now, as the impact of a drone attack on its vital cross-country pipeline has yet to filter through.
Read MessageCrude markets remain volatile with supply risks and geopolitical tensions unresolved.
Read MessageAnnual motor gasoline consumption in the United States decreased in 2025 even as vehicle miles traveled (VMT) increased because of increasing fuel efficiency, a trend we forecast will continue in 2026 and 2027. U.S. motor gasoline consumption averaged 8.9 million barrels per day (b/d) in 2025, 1% less than 2024 and 4% less than pre-pandemic...
Read MessageSaudi Arabia said attacks on key oil and gas infrastructure, including the East-West pipeline, disrupted production and exports, cutting output capacity by more than 600,000 bpd and tightening global supply.
Read MessageA processing unit at the Aramco-TotalEnergies SATORP refinery has been shut down following damage linked to the Middle East conflict. While no injuries were reported, the extent of the outage and its potential impact remains under review.
Read Message