WTI Settles Above $100 Amid Escalation
Traders brace for further upside as geopolitical tensions intensify.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
JetBlue Airways raises bag fees as fuel prices soar
Airfare has climbed for routes around the world, driven by higher fuel prices since the U.S. and Israel attacked Iran.
Read MessagePhoenix eyes $6-billion Vaca Muerta expansion as Argentina boosts shale incentives
Mercuria-backed Phoenix Global Resources is preparing a $6 billion expansion in Argentina’s Vaca Muerta shale, as President Javier Milei’s RIGI incentives boost investor confidence and accelerate drilling activity, positioning the basin as a growing contributor to global oil supply.
Read MessagePerenco denies reports of legal action by Gabon
Perenco has denied reports that Gabon has launched legal action against the company, calling the claims “false and defamatory” and pushing back against what it described as inaccurate media coverage.
Read MessageEco Atlantic names Keith Hill chairman as board reshuffle takes effect
Eco Atlantic Oil & Gas has appointed Keith Hill as non-executive chairman following its annual general meeting, as the company advances its offshore exploration strategy across the Atlantic Margins and strengthens its leadership team during a period of portfolio development.
Read MessageG-7 signals readiness to act on oil market stability amid Iran conflict
The G-7 signaled it is prepared to take coordinated action to stabilize global oil and gas markets as the Iran conflict drives volatility, with officials reaffirming support for strategic reserves, secure supply flows and measures to limit disruptions to energy trade and pricing.
Read MessageSable Offshore starts oil sales, targets 60,000+ bpd from Santa Ynez assets
Sable Offshore has begun oil sales from the Santa Ynez Pipeline System offshore California, marking a key milestone in restarting production across its assets, with output from multiple platforms expected to exceed 60,000 bpd as operations ramp up through 2026.
Read MessageEPA 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'.
Read MessageBessent 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.
Read MessageNorth 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.
Read MessageNatural gas liquids exports reached record highs in 2025
Natural gas liquids (NGL) exports reached 3.1 million barrels per day (b/d) in 2025, growing 7% from the previous year. These fuels are primarily extracted from the natural gas stream. NGL plant production has increased every year since 2005, driven by higher production of NGLs and more global demand for NGLs, especially as petrochemical feedstocks.
Read MessageTrump threatens Iran oil sites, Kharg Island if Hormuz not reopened
President Trump threatened to target Iran’s oil infrastructure, power plants and Kharg Island export hub if a deal to reopen the Strait of Hormuz is not reached, raising the risk of further escalation as disrupted shipping continues to tighten global oil markets.
Read MessageTotalEnergies completes UK North Sea merger, creating largest independent producer
TotalEnergies has completed the merger of its UK North Sea upstream assets with NEO NEXT, forming NEO NEXT+—now the largest independent producer on the UK Continental Shelf, with expected 2026 output exceeding 250,000 boed and a strengthened platform for operational synergies and cash flow growth.
Read MessageExecs 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.
Read MessageEDF 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.
Read MessageJPM 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.
Read MessageADNOC, 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.
Read MessagePetroChina 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.
Read MessageTrump 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.
Read MessageTrump walks back Cuba oil blockade, says he has ‘no problem’ with Russian tanker delivering fuel
His comments come as a Russian-flagged oil tanker, the sanctioned Anatoly Kolodkin, makes its way to the fuel-starved Caribbean country.
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