What's Affecting Oil Prices This Week? (April 7, 2025)
From an upside perspective – a favorable resolution of the tariffs will push the price of Brent crude to $75 and the price of WTI to $70.
Baker Hughes Awarded Drilling Contract for Gas Storage Project in Dubai
The new contract adds to the work Baker Hughes Co. is already doing on Dubai Petroleum Establishment's Margham Gas project.
BP Earns Approval to Redevelop Oil Fields in Northern Iraq
The agreement with Iraq’s government is for an initial phase that includes oil and gas production of more than 3 Bboe, BP stated.
Aramco Secures 50% Stake in Blue Hydrogen Industrial Gases
Aramco and Blue Hydrogen are expected to combine their operations to produce hydrogen from Aramco’s carbon capture and storage operations in Jubail, Saudi Arabia.
E&P Highlights: March 24, 2025
Here’s a roundup of the latest E&P headlines, from an oil find in western Hungary to new gas exploration licenses offshore Israel.
What's Affecting Oil Prices This Week? (March 24, 2025)
Oil demand will be picking up as we move into warmer months for the northern hemisphere. For the upcoming week, Stratas Advisors think the price of Brent crude will move higher and will test $73.
Apollo Acquires BP’s Gas Pipeline Stake for $1B
BP Pipelines holds a 12% interest in the Trans-Anatolian Natural Gas Pipeline (TANAP), which transports natural gas from Azerbaijan across Turkey.
US Slaps Iran-Related Sanctions on Oil Tankers, China 'Teapot' Refinery
The U.S. issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot," or independent refinery, and vessels that supplied crude oil to such processing plants.
Energean Says Regulatory Approvals Delay Puts Carlyle Deal at Risk
Failure to meet these conditions may lead to the termination of the deal.
US NatGas Dominance Collides with Permitting, Tariffs, Layoffs
Executives at BP, Sempra Infrastructure and the American Petroleum Institute weighed in on U.S. natural gas prowess and the obstacles that could stand in the way: snagged permitting, prohibitive steel tariffs and layoffs of federal workers needed to approve projects.