CIP to Invest $500 Million in BKV CCUS Projects
BKV and CIP agreed to form a JV on carbon capture, utilization and storage in the U.S.
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Oceaneering Secures Multi-Year GTA Job from BP
The contract includes the provision of subsea inspection, maintenance, and repair services and remotely operated vehicle services, as well as management, engineering, and integration services.
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China Teapots Make Rare Murban Oil Purchases
'With healthy simple margins, independent refineries in China are taking this opportunity to buy incremental crude to increase run rates'.
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Indian LNG Buyers Embrace USA Benchmark to Balance Volatility
Indian liquefied natural gas importers have signed a flurry of long-term purchase agreements linked to the U.S. price benchmark.
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Oil Gains 3% as Trade Hopes Rise
Falling US inventories and bullish options activity provided further support for oil prices.
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Devon Sells Stake in Permian Gas Pipeline
Devon and Ridgemont are divesting their interests in a natural gas pipeline serving the Permian Basin with a capacity of about 2.5 Bcfd.
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Permian Resources to Acquire APA Delaware Basin Assets for $608MM
Midland, Texas-based oil and gas developer Permian Resources expects the acquisition to add about 12,000 boed in Q2.
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EIA Cuts 2025 and 2026 Brent Oil Price Forecast
The U.S. Energy Information Administration cut its average Brent oil spot price forecast for 2025 and 2026 in its latest short term energy outlook.
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BP-Shell Megadeal Would Create European Rival to Exxon Mobil
If Shell Plc were to acquire BP Plc, it would be among the largest deals in European history.
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Permian Resources to Acquire APA Delaware Assets for $608MM
Midland, Texas-based oil and gas developer Permian Resources expects the acquisition to add about 12,000 boed in Q2.