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India’s Oil Imports From Russia Rebound After Initial Sanctions Chaos

OilPrice

Indian imports of crude oil from Russia appear to be rebounding in March following lower purchases earlier this year in the immediate aftermath of the January U.S. sanctions on Russias oil trade.

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BP Signs Agreement for Kirkuk Oil Fields Development

Iraq Business News: Oil & Gas

BP has reached a contractual agreement with the Government of Iraq to invest in the rehabilitation and redevelopment of several giant oil fields in Kirkuk. The company was originally part of the consortium that discovered oil in Kirkuk in the 1920s. The project is expected to commence in 2025 and meets BP's investment returns criteria.

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Profit Warnings and Production Cuts: Shell Faces Tough Energy Headwinds

Rextag

Shell has issued a stark warning about a significant drop in earnings from its integrated gas division and reduced production guidance across its oil and gas segments. 30 earnings release, Shell revealed plans to book a noncash post-tax impairment of $1.5 million oil-equivalent barrels per day. million barrels.

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Profits or Planet? BP’s ‘New Beginning’: The Shift from Low Carbon to Core Oil and Gas and Q4 2024 Results

Rextag

This comes amid reports that activist hedge fund Elliott Management has taken a stake in the British oil major, potentially pressuring the board and executives for higher shareholder returns. He prioritizes core oil and gas projects to unlock stronger cash flow and satisfy shareholders. a $200 million profit in 3Q) after booking $1.5

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.

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A Look Back on 2024

Energy Transfer

2024 is almost in the books! anindependent liquids terminal and pipeline operator with approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. JANUARY Sunoco LP Acquired NuStar Energy L.P. In a deal valued at $7.3

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Oil Prices Start the Week Lower on Tariff Fallout

OilPrice

Crude oil prices began trade this week with a loss as traders digested the latest tariff moves by the Trump administration, which is expected to hurt demand for the commodity and economic growth. per barrel and West Texas Intermediate was changing hands for $66.64 per barrel and West Texas Intermediate was changing hands for $66.64

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