OPEC oil output falls on Iraq, Nigeria outages, Reuters survey finds
The survey found that OPEC pumped 28.62 million barrels per day in April, down from 190,000 barrels per day in March.
BP Pays $1 Billion Under Britain's Windfall Tax
BP paid a total of $650 million in tax in Britain in the first quarter of 2023 and expects to pay a total of $1 billion under Britain's windfall tax on the oil and gas sector between May 2022 and April 2023.
Q&A: Eurasia’s Raad Alkadiri Talks US LNG Risks, Geopolitical Issues
Eurasia Group’s managing director Raad Alkadiri spoke with Hart Energy about the Russia-Ukraine war, the Harry Potter world of energy and Qatar and the U.S.’ plans to supply Europe and Asia with more LNG.
Baytex Raises Capital for $2.5 Billion Ranger Oil Deal
Canada’s Baytex Energy Corp. moved a step closer toward finalizing its purchase of Ranger Oil Corp. with the closing of its private offering of $800 million aggregate principal amount of senior unsecured notes.
Energy Security a Top Priority Due to the Russia-Ukraine War, Eurasia Exec Says
Eurasia Group’s Raad Alkadiri believes the Russia-Ukraine war is a ‘watershed’ event causing a number of issues to spill from it, especially in terms of energy security, and will shape the energy sector going forward.
Court Allows Greenpeace to Challenge UK Oil, Gas Licensing Round
Last year, Britain held its first oil and gas exploration licensing round since 2019, with the government saying it was looking to boost domestic hydrocarbon output as Europe weans itself off Russian fuel and after energy prices spiked.
Drax Ends Coal-fired Power Generation at UK Power Plant
Britain's Drax ended coal-fired power generation at its North Yorkshire plant near Selby after 50 years.
Energy Transition in Motion (Week of April 21, 2023): Advancing Projects, Investment
Here’s a look at some of this week’s renewable energy news, including including a nearly $7.7 billion contract win for Siemens Energy and Dragados Offshore.
PE Firm SCF Partners Invests in Tekmar Group for Offshore Wind
Private equity firm SCF Partners invests in Tekmar Group to accelerate the deployment of offshore wind projects worldwide.
Oil Prices Dip 2% as Expected Rate Hikes Take Toll
Equities markets, which often move in tandem with oil prices, were down as well.