Ukraine Restarts Attacks on Refineries Deep Inside Russia
Ukraine says it hit oil processing plants in Russia's Perm region and Tatarstan overnight.
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Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Dorian LPG Orders 3 New Vessels from Hanwha Ocean
The South Korean shipbuilder will deliver the dual-fuel Panamax VLGCs in 2030.
Read MessageExxonMobil to take operatorship of Papua LNG as $14 billion project nears FID
ExxonMobil will take operatorship of the Papua LNG project as it moves toward FID, with design optimization and EPC rebidding cutting estimated development costs by nearly $4 billion to about $14 billion.
Read MessageUSA-VEN Oil Deal Not a Near Term SPR Filler
The U.S.-Venezuela oil deal is a long-term project, not a near-term U.S. Strategic Petroleum Reserve filler, Emily Ashford, Standard Chartered Bank's Head of Energy Research, said.
Read MessageExxonMobil to Acquire Papua LNG Operatorship from TotalEnergies
TotalEnergies said the transfer, which also involves a farm-down by the French majority owner, will help bring the project closer to a final investment decision.
Read MessageOPEC+ 7 Reveal October Output Plan
A statement posted on OPEC's website on Sunday revealed Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman's production plan for October.
Read MessageIran, Oman Close In on Hormuz Deal
The agreement, which the two countries have been negotiating for weeks, is in the final stages and will include details on a temporary safe route through the crucial waterway, Foreign Ministry Spokesman Esmail Baghaei told reporters.
Read MessagePETRONAS deploys agentic AI to accelerate Malaysia upstream investment
PETRONAS is adding agentic AI capabilities to its myPROdata platform to accelerate analysis of Malaysia’s exploration and production opportunities and support upstream investment decisions.
Read MessageIran, U.S. escalate attacks on oil tankers as war drags on
Iran said it targeted three oil tankers and several U.S.-linked vessels in retaliation for American strikes on three Iranian crude tankers, marking a new escalation in the ongoing conflict.
Read MessageOPEC+ keeps October oil production quotas unchanged amid Iran war
OPEC+ will keep oil production quotas unchanged in October as the Iran war and Strait of Hormuz disruptions continue to constrain Middle East exports, shifting the group’s focus toward 2027 production limits.
Read MessageIran warns of ‘more painful’ response to U.S. attacks as economic pressure mounts
Iran warned of faster, heavier retaliation against U.S. attacks while acknowledging the war’s mounting toll on its economy.
Read MessageEquinor Starts Up 100 MW Energy Storage Project in Texas
Equinor said the 200-mWh Citrus Flatts battery energy storage facility in Harlingen, Texas is now online.
Read MessageTrump’s state capitalism comes to the oil industry with his unprecedented Venezuela deal
The deal comes eight months after Washington ousted former President Nicolás Maduro in a military raid.
Read MessageRussia's Oil Revenue Sinks to 6 Month Low
Russia's oil revenue slumped to a six-month low in August.
Read MessageBessent sees oil falling as low as $40 after Iran war
Treasury Secretary Scott Bessent says oil could fall as low as $40/bbl after the Iran war ends, predicting a heavily oversupplied crude market as new production comes online.
Read MessageOil Holds Gains
Oil ended a volatile week 9.7% higher as renewed US-Iran fighting kept Hormuz supply risks elevated.
Read MessageUSA Retail Diesel Hits Record
U.S. retail diesel rose to a record.
Read MessageUK poised to approve Jackdaw as industry calls for North Sea policy reset
The UK government is reportedly poised to approve Jackdaw, prompting Aberdeen energy leaders to call for swift action on Rosebank and tax reforms to help restore investment in the North Sea.
Read MessageBaker Hughes wins bp well stimulation contract for UK North Sea
Baker Hughes has secured a contract from bp to provide vessel-based well stimulation services across its UK North Sea operations, supporting new well development and enhanced recovery from mature fields.
Read MessageUSA Crude Oil Stocks Drop Week on Week
Crude oil stocks, not including the SPR, stood at 424.5 million barrels on August 28, the EIA's latest weekly petroleum status report showed.
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