Aramco CEO Withdraws From Houston Event
Saudi Aramco Chief Executive Officer Amin Nasser has withdrawn from a major energy conference in Houston as the situation in […]
Energy M&A
Energy mergers, acquisitions, divestitures, and asset transactions impacting the oil and gas industry.
Oil Futures Crash on Trump Negotiations Hint
Oil plunged as Trump delayed strikes on Iran, raising hopes of de-escalation despite conflicting signals from Tehran.
China sees long lines at the gas pump as Mideast turmoil hits
The China state refiner issued a notice Sunday that the price of gas will be set higher by a “meaningful”
TotalEnergies released from $1-billion U.S. offshore wind leases, pivots to oil and gas
TotalEnergies is exiting $1 billion in U.S. offshore wind leases and redirecting capital toward LNG and oil investments, signaling a
EIA Sees Oil Glut Tightening in Wake of Iran War
According to its March STEO, the EIA sees world petroleum and other liquid fuels production outweighing consumption by 1.87 million
ADNOC CEO calls Hormuz disruption “economic terrorism” threatening global energy supply
At CERAWeek, ADNOC CEO Sultan Al Jaber warned that disrupting the Strait of Hormuz amounts to “economic terrorism,” as attacks
B27 Intelligence, Energy M&A, Industry Reports
AI anomaly detection gains traction offshore as Aker BP deploys Cognite–NVIDIA solution
Cognite and NVIDIA are deploying NV-Tesseract AI models with Aker BP to enhance anomaly detection and predictive maintenance across offshore
B27 Intelligence, Energy M&A, Industry Reports
McDermott vessels earn ISO 50001 certification for offshore energy efficiency
McDermott has achieved ISO 50001 certification for three flagship vessels, marking a step forward in offshore energy efficiency and fleet
Aker BP, Armada to deploy offshore modular data center for AI-driven drilling operations
Aker BP and Armada will deploy a modular offshore data center on the Norwegian Continental Shelf, enabling real-time AI-driven drilling
Oil prices plunge on Trump Iran talks as Hormuz disruption roils markets
Oil prices plunged after President Trump signaled potential talks with Iran, though disruptions in the Strait of Hormuz continue to
Aramco CEO withdraws from CERAWeek amid Hormuz-driven supply disruptions
Aramco’s CEO has pulled out of CERAWeek as the Middle East conflict intensifies, highlighting the growing strain on oil supply,
B27 Intelligence, Energy M&A, Operator Watch, Permian Deal Monitor
More U.S. homes used LEDs over other bulb types for indoor lighting in 2024
Although homes can have a mix of bulbs for indoor lighting, 90% of U.S. households reported using light-emitting diode (LED)
AEP, SoftBank Ink Deal with US DOE for 10 GW Data Center Power
The mostly gas generation capacity will serve a 10-GW data center planned to rise at the site of a former
Trump Reports ‘Productive Conversations’ with Iran
‘I have instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy
QatarEnergy Missile Strikes May Cause $100B Revenue Loss
QatarEnergy said it expects the damage to its Ras Laffan Industrial City caused by missile strikes to cost about $20
Iberdrola Reaches Over 11 GW of Installed Capacity in US
‘Avangrid’s growing portfolio is helping to meet a surge in energy demand across the country brought on by the proliferation
Maha to Acquire Stake in Venezuela’s PetroUrdaneta
Maha made the decision following the U.S. Treasury’s issuance of a ‘general license’ for certain transactions involving Petroleos de Venezuela.
The Oil Prices You See Do Not Tell Market’s Real Story
There’s an ever-growing gap between the price of oil futures and supplies that determine costs for consumers in the real
More than 40 Middle East energy assets ‘severely damaged,’ IEA chief says
The IEA’s Fatih Birol warned that damage to energy infrastructure across the Middle East would take some time to repair.
Fire Hits Oil Production at Major Libyan Field
The National Oil Corp said a leak-induced blaze that hit the Sharara crude pipeline had cut about half of production