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Energy trader BGN is set to expand its fledgling natural gas business into a global portfolio.
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WTI closed above $60 as shaky Ukraine cease-fire talks kept a risk premium in the market.
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ITT Inc. has agreed to acquire industrial equipment manufacturer SPX Flow Inc. from Lone Star Funds.
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Gorgon, on the remote Barrow Island in northwestern Australia, is the largest resource development in Australia's history.
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Crude oil stocks, not including the SPR, stood at 427.5 million barrels on November 28, according to the EIA's latest weekly petroleum status report.
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Today's $67 per barrel is only $44 per barrel in 2008-dollars, SEB Chief Commodities Analyst Bjarne Schieldrop said.
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The latest divestment involves its non-operated DJ Basin assets, which will be acquired by an unnamed private buyer for $90 million.
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Benchmark crude oil prices could be impacted significantly by escalating military tensions between the U.S. and Venezuela, Rystad warned.
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'This growth reflects strong momentum from our operational expansion in Thailand and overseas this year, which has already translated into higher sales volume and revenue, and will continue to support our performance into 2026 and beyond'.
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Var Energi confirmed a new oil discovery on Norway's side of the Barents Sea, the second discovery in weeks in its ongoing Goliat Ridge drilling campaign.
