Latest news

Texas Storm Shut In As Much As 4 Million Bpd Of U.S. Oil Production

The severe winter storm that swept through the United States this week likely shut in between 2 million barrels per day (bpd) and 4 million bpd of the total U.S. crude oil production, IHS Markit said in an analysis.

read more... 22/02/2021


Daily (16.02.2021): NBP gas for March21 delivery fell by 7% on Monday amid mild weather outlooks and high LNG supply

Crude oil prices extended gains on Monday, supported by renewed optimism over the outlook for global demand amid Covid-19 vaccine rollout. Hence, Brent crude rose by 1.4% to $63.30 a barrel and WTI oil ended 1.1% up at $60.14 a barrel.

read more... 16/02/2021


Oil Major Total Sees 10 Million Bpd Supply Gap In 2025

France's supermajor Total is warning that the world could find itself with a shortfall of supply of 10 million barrels per day (bpd) between now and 2025, due to continued underinvestment in the industry, the OPEC+ pact, and cracks in the U.S. shale business model.

read more... 11/02/2021


bp and EnBW selected as preferred bidders for 3GW offshore wind in Irish Sea

bp and German energy company Energie Baden-Wuerttemberg AG (EnBW), have been awarded two offshore wind farm leases in the Irish Sea, with a total capacity of 3GW.

read more... 09/02/2021


BP buys into 4.4 GW of Equinor's US offshore wind leases

Equinor ASA (NYSE:EQNR) has closed the sale of a 50% stake in up to 4.4 GW of offshore wind leases in US waters to UK oil and gas major BP Plc (LON:BP).

read more... 01/02/2021