Washington is rewriting America’s oil and gas strategy under the leadership of President Donald Trump, taking sweeping steps to reduce permitting deadlines, lift moratoriums, revive drilling, reopen farmland and accelerate liquefied natural gas (LNG) terminals and exports. However, not all companies will benefit and only a few stocks are directly aligned with Washington’s energy agenda….
Large European companies are expected to post a strong quarter later this month and early May thanks to their trading divisions. While the oil majors are not reporting trading profits, BP, Shell, TotalEnergies and Equinor all signaled they are making a lot of money from oil and gas trading in what some say is the…
By Jarrett Renshaw HOUSTON, March 26 (Reuters) – U.S. officials said this week that the historic surge in fuel prices during the war in Iran will be short-term and touted record U.S. production at an industry conference where oil executives and government officials from Asia, the Middle East and Europe lamented the worst disruption to…
By Robert Harvey and Georgina McCartney LONDON/HOUSTON (Reuters) – If you want to buy a cargo of oil in Asia or jet fuel in Europe right now, you may have to pay a record price for it. Rising oil prices in physical markets – where oil is traded on ships, rail cars or in storage…
Oil and gas refining is entering a new era, defined not only by global demand fluctuations, regulatory pressure and decarbonization targets, but also by the operational intelligence needed to keep complex refining assets running at peak performance. The US Energy Information Administration has revealed that global refining capacity stood at around 103.5 million barrels per…
Britain’s once-prosperous North Sea oil and gas province survived until 2025, the toughest year since the 1960s, when hydrocarbons were first discovered in the basin. Oil and gas production from mature fields continued to decline last year, while uncertainties increased as the industry awaited changes to UK government policy that places a huge tax burden…
Major oil and gas companies continue to work towards the decarbonisation targets they have set, leveraging a combination of existing measures and emerging technologies. Carbon capture remains a central pillar of emissions mitigation strategies, while investments in hydrogen, renewable energy and low-carbon fuels are being approached, but with renewed caution amid uncertainty over demand. Energy…
Artificial intelligence could help the energy industry extract an additional trillion barrels of oil by making it cheaper to extract. Analysts at Wood Mackenzie made the prediction recently, adding fuel to an already heated debate: Will AI accelerate the transition or, as Wood Mac’s prediction suggests, hinder it by extending the world’s dependence on oil…
The West’s push to rebuild its influence in Mesopotamia, the geographic and geopolitical heart of the Middle East, has entered a new phase in recent months, with many major American and European oil and gas companies returning to Iraq after a long hiatus. The key objective is to break the long-standing bond between Iran and…
FRANKFURT, Germany (AP) — The United States and the European Union are hitting Russia with another round of sanctions, aimed at reducing oil and gas export revenues that finance Moscow’s war against Ukraine. More than three and a half years after the war, the effort remains a game of cat and mouse, with Russia finding…
