Brent oil price near $100 again with U.S.-Iran talks uncertain and Hormuz still blocked
Just a few tankers are passing through the Strait of Hormuz, as the U.S. Navy blocks Iran’s coast and Tehran […]
Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Hormuz crisis deepens as oil producers, tanker owners dispute risk
Oil shipments through the Strait of Hormuz are slowing as producers and tanker owners clash over who bears transit risk.
Transocean wins $158 million drillship contract for Eastern Mediterranean campaign
Transocean has secured a $158 million contract for its Deepwater Asgard drillship in the Eastern Mediterranean, supporting a five-well campaign
Assala achieves first oil at Grand N’Gongui field onshore Gabon
Assala has achieved first oil at the Grand N’Gongui field in Gabon, launching a phased development targeting over 10,000 bopd
Chevron Expands Heavy Oil Footprint in Venezuela
In an asset swap, PDVSA agreed to sell a 13.21 percent stake in the Petroindependencia JV to Chevron, whose ownership
Airline CEOs urged by lawmaker to lower fares if fuel prices come down
Airlines have raised airfare, fuel surcharges and baggage fees this year to help cover a surge in fuel costs since
USA Crude Oil Stocks Drop Almost 1MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 463.8 million barrels on April 10, the EIA’s latest weekly petroleum
Bessent Says USA Won’t Renew Iranian, Russian Oil Waivers
Treasury Secretary Scott Bessent reaffirmed that the U.S. would not renew general licenses that allowed for the temporary sale of
Iberdrola to Raise Italian Capacity to 400MW with CCE Acquisition
The Spanish company signed a deal to acquire a recently commissioned 42-MW solar plant in Lazio from Austria-headquartered CCE.
B27 Intelligence, Energy M&A, Operator Watch, Permian Deal Monitor
U.S. natural gas exports to grow nearly 30% by 2027 as LNG facilities ramp up
In our latest Short-Term Energy Outlook (STEO), we forecast that U.S. liquefied natural gas (LNG) exports will continue to increase
Petrobras board vote comes amid oil price surge, fuel policy pressure in Brazil
Petrobras shareholders vote on a new board this week as surging oil prices intensify pressure on Brazil’s fuel pricing policy.
ABL, PetroSafe strengthen Egypt energy assets with safety, engineering services MoU
ABL Group and PetroSafe have signed an MoU to enhance offshore and onshore asset integrity, safety and marine assurance services
Mexico’s oil and gas sector needs certainty to drive investment, AMEXHI says
AMEXHI has backed Mexico’s energy strategy while urging improved competitiveness, regulatory certainty and security to attract oil and gas investment
TotalEnergies Discovers More Oil offshore Congo Brazzaville
‘The Moho G discovery, together with the discovery previously made on the nearby Moho F structure, represents recoverable resources estimated
Rystad Says Energy Repair Costs from War Could Hit $58B
‘The scope of damage has expanded materially,’ Rystad Energy warned.
Aussie Refinery Reduces Production after Fire
Operator Viva expects the blaze at the Geelong refinery, which has a processing capacity of 120,000 bpd, to mainly reduce
Oil Prices Holding Firm
Oil prices are ‘holding firm’ today ‘as the market digests a sharp pullback from war-driven panic levels’, Naeem Aslam, Chief
Iran war sparks “fundamental energy transition” in Seoul toward renewables: Energy minister
Kim said South Korea will focus on wind and solar power to achieve its goal of reaching 100 gigawatts renewable
Pakistan Army Chief in Tehran to Push Renewed Talks
Pakistan’s army chief landed in Tehran to a warm welcome from officials as he tries to help renew talks between
Iran war drags India’s goods exports 7% lower in March — more pain ahead
Iran war cuts India’s March goods exports by over 7%, hammering key sectors and markets, lifting costs and delaying recovery