As global oil prices hover below $70 per barrel and competition intensifies, major oil companies are achieving a remarkable feat: record or near-record production levels while significantly reducing headcounts. This shift marks what industry insiders […]
In a strategic move amid ongoing pressures to streamline operations and bolster financial health, BP is reportedly in advanced negotiations to sell its iconic Castrol lubricants business to U.S. investment firm Stonepeak. This potential divestment […]
In a bold move signaling a return to aggressive energy development, the Bureau of Ocean Energy Management (BOEM) has announced the Big Beautiful Gulf 1 (BBG1) lease sale, set for December 10, 2025. This auction, […]
In a strategic move to streamline its portfolio and unlock capital, BP plc announced on November 3, 2025, the divestment of non-controlling interests in its US onshore midstream assets to funds managed by investment firm […]
In a bold counter to the International Energy Agency’s (IEA) dire predictions of a massive oil surplus, executives from Europe’s leading oil majors—BP, Eni, and TotalEnergies—are sounding the alarm that the so-called “2026 oil glut” […]
In the global energy landscape, the narrative of a swift “transition” away from fossil fuels to renewables has dominated headlines. However, a closer examination of demand trends, investment patterns, and infrastructure realities reveals a different […]
In a bold move that underscores the intertwining of energy ambitions and regional politics, British Petroleum (BP) has activated a massive $25 billion redevelopment project in Iraq’s northern Kirkuk region. This investment, formalized earlier in […]
In a market grappling with tumbling crude prices and an oversupply of oil, major oil companies are aligning with OPEC’s strategy by ramping up production. This week’s earnings reports from industry heavyweights like ExxonMobil, Chevron, […]
In a significant blow to the U.S. offshore wind sector, JERA Nex BP—a joint venture between Japan’s largest power generator JERA and British energy giant BP—has announced plans to halt development of the Beacon Wind […]
Daily Standup Top Stories OPEC+ Has Come Close to Its Limit, Leaving Prices Open to Spike October 8, 2025 Clark Savage In the volatile world of global energy markets, OPEC+—the alliance of oil-producing nations led by […]
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