Shell Loses Long Court Fight for South African Exploration
The oil major won't be allowed to renew an exploration right off South Africa's rugged Indian Ocean Wild Coast, the Constitutional Court ruled.
The oil major won't be allowed to renew an exploration right off South Africa's rugged Indian Ocean Wild Coast, the Constitutional Court ruled.
Oil rose as the US threatened new economic pressure on Iran while uncertainty over the Strait of Hormuz persisted.
Indian state-owned refiners are rushing to procure spot crude unusually far in advance as Ukrainian attacks on Russian energy assets and a stalemate over the Strait of Hormuz make supplies increasingly uncertain.
Several regions of Russia are facing fuel shortages again after Ukraine resumed almost daily attacks on oil refineries in the country.
Bernhard Capital Partners completed the acquisition of New Mexico's biggest regulated natural gas utility from Emera for around $1.25 billion.
'ConocoPhillips Alaska invests approximately $1 billion each year to sustain and grow its Alaska legacy assets through projects such as Coyote'.
The Argentina LNG consortium filed an application for the government's Large Investment Incentive Regime.
BP estimates four trillion cubic feet of recoverable gas resources in the project, part of the Plataforma Deltana area, and expects to deliver it 'in parallel with phase 1'.
The move will be part of a 'one-two punch' that includes the continued blockade of Iran's ports, Treasury Secretary Scott Bessent said.
India's state-owned refiners are in talks to secure more U.S. liquefied petroleum gas under annual contracts for next year.