Oil and Gas
Oil giant BP to sell 65% stake in $10 billion Castrol unit
Britain’s BP has agreed to sell a 65% shareholding in lubricants business Castrol to Stonepeak for $6 billion, months on from the oil giant seeking a buyer for the unit. The deal comes as the company looks to launch a strategic reset, including a green strategy U-turn and the divestment of $20 billion of assets […]
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What a Russia-Ukraine peace deal could mean for Europe’s gas supplies
Europe is pressing ahead with plans to ban Russian gas imports by the end of 2027, effectively capping Moscow’s energy future in the region and leaving a bevy of stranded assets in its wake. The dual Nord Stream 1 and 2 subsea pipelines were early casualties of Russia’s invasion of Ukraine, with the infrastructure being […]
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How U.S. oil tanker seizures targeting Venezuela are linked to rising geopolitical tensions with China
A U.S. military helicopter flies over the Panama-flagged Centuries, which was intercepted by the U.S. Coast Guard, days after U.S. President Donald Trump announced a “blockade” of all sanctioned oil tankers entering and leaving Venezuela, east of Barbados in the Caribbean Sea on Dec. 20, 2025. Department Of Homeland Security | Via Reuters The escalating […]
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U.S. seizes vessel off Venezuelan coast: Reuters
Government supporters participate in a protest against U.S. President Donald Trump’s order to blockade sanctioned oil tankers entering and leaving Venezuela, in Caracas, Venezuela December 17, 2025. Leonardo Fernandez Viloria | Reuters The United States is interdicting and seizing a vessel off the coast of Venezuela in international waters, three U.S. officials told Reuters on […]
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BP has appointed its fourth CEO in 6 years – but will she be radically different?
Meg O’Neill, chief executive officer of Woodside Energy Group Ltd., attends the company’s annual general meeting in Perth, Australia on Thursday, May 8, 2025. Photographer: Matt Jelonek/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images BP is changing its CEO again, but not its direction. The appointment of Woodside Energy boss Meg O’Neill as […]
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BP appoints Woodside’s Meg O’Neill as CEO after Auchincloss’ abrupt exit
The BP logo is displayed outside a petrol station that also offers electric vehicle recharging, on Feb. 27, 2025, in Somerset, England. Anna Barclay | Getty Images News | Getty Images Oil and gas major BP said it had appointed Meg O’Neill, the head of Australia’s Woodside Energy, as its next CEO to lead its effort […]
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Oil prices tumble to lowest since May, on pace for biggest annual decline in 7 years
Oil prices held on to most gains from the previous session in early trading on Thursday as investors awaited U.S.-China trade talks later in the day. Anton Petrus | Moment | Getty Images U.S. crude oil on Tuesday hit the lowest level since May, putting prices on pace for the worst performance in seven years […]
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Oil prices and energy stocks fall sharply on Trump’s new Ukraine peace plan
This aerial picture shows the oil tanker Boracay anchored off the Atlantic Coast off Saint-Nazaire, western France on October 1st, 2025. French authorities said Wednesday they were investigating the oil tanker Boracay anchored off the Atlantic Coast and suspected of being part of Russia’s clandestine “shadow fleet”. Damien Meyer | Afp | Getty Images Oil […]
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A cold gold rush? The race for the Arctic’s critical minerals is heating up
Traditional painted houses overlooking sea ice in the Old Nuuk district near the Sermitsiaq mountain in Nuuk, Greenland, on Thursday, April 3, 2025. Bloomberg | Bloomberg | Getty Images A global scramble to exploit the Arctic’s untapped resources appears to be kicking into overdrive. In a push to break China’s mineral dominance, countries around the […]
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India deepens energy trade with U.S. to mend trade relations amid tariff strain
A man pushes a tricycle loaded with LPG cylinders on the road below the Adani signage in Mumbai. US based Hindenburg Research firm’s allegation on fraud by Adani Enterprise has sparked political debate in India by the opposition parties. Sopa Images | Lightrocket | Getty Images India is ramping up its energy imports from the […]
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