The UK government is considering purchasing more liquefied natural gas (LNG) as well as F-35 fighter jets from the US in the hope of averting punitive tariffs on British goods, Politico has reported. Tariffs were […]
BAGHDAD, Feb 4 (Reuters) – Oil major BP (BP.L) is expected to spend up to $25 billion over the lifetime of a project to redevelop four Kirkuk oil and gas fields, a senior Iraqi oil […]
Global upstream M&A activity is expected to slow down in 2025 following a peak driven by US shale consolidation. North America continues to lead M&A activity, while the Middle East emerges as a significant hub […]
In the first serious fallout from President Donald Trump’s early actions against offshore wind power, oil and gas giant Shell is walking away from a major project off the coast of New Jersey. Shell told […]
Reported earnings of $3.2 billion; adjusted earnings of $3.6 billion Returned record $27 billion cash to shareholders in 2024 Increased 2024 worldwide and U.S. production by 7 and 19 percent to record levels Delivered key […]
Business transformation drove industry-leading 2024 financial performance1 Delivered $33.7 billion in earnings and $55.0 billion in cash flow from operations – third best year in a decade Achieved record production in Permian and Guyana, and […]
Chris Wright was confirmed as Secretary of Energy, putting the founder of an oil and gas fracking services company in charge of an agency that will play a key role in President Donald Trump’s plans for a […]
Daily Standup Top Stories Tariffs on Oil Are a Major Problem for U.S. Refiners February 3, 2025 Mariel Alumit US tariffs on Canadian and Mexican imports will add to the financial burden of US refiners struggling […]
Donald Trump’s fast-moving tariff tiffs with key trading partners continue to keep shipping executives on edge around the world. Similar to the threats he made to Colombia a week prior, the American president yesterday put […]
By Wolf Richter for WOLF STREET. Trump understands – since he ran on that platform and won in part based on it – that Americans hate, hate, hate inflation, that they’re tired of price increases and tired of […]
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