(By Oil & Gas 360) – Global energy markets are entering a more coordinated phase of response as governments move from watching volatility to actively preparing for intervention. The Group of Seven has signaled it is ready to take “all necessary measures” to stabilize oil markets as the Iran conflict continues to disrupt supply and push prices higher. The message
(World Oil) – TotalEnergies has completed the merger of its UK North Sea upstream assets with NEO NEXT, forming a new entity—NEO NEXT+—that is set to become the largest independent oil and gas producer on the UK Continental Shelf (UKCS). Under the transaction, TotalEnergies will hold a 47.5% stake in the combined company. NEO NEXT+ is expected to deliver production exceeding 250,000
(World Oil) – As Europe looks to diversify energy supplies and reduce carbon intensity, electricity interconnections and grid development across North Africa are gaining traction alongside traditional oil and gas trade. For decades, Europe’s energy relationship with North Africa has centered on hydrocarbons, including Algerian pipeline gas, Libyan oil and LNG exports from across the Mediterranean. Increasingly, however, electricity is emerging
(Oil & Gas 360) By Greg Barnett, MBA – European natural gas prices have spiked sharply once again, underscoring that Europe’s energy vulnerability is structural rather than cyclical. After trading in a relatively narrow range through much of January and February 2026, prices surged abruptly in early March. The scale and speed of the move reinforce how exposed Europe remains
(World Oil) – Oil’s brief surge above $100/bbl has renewed concerns that the escalating Iran conflict could trigger broader inflation pressures if elevated crude prices persist. Crude prices jumped above the $100 mark for less than a day Monday amid fears that the conflict in the Middle East could further disrupt global energy supplies. The spike came as tanker traffic through the
(Investing) – Countries around the world are prepared to take action to stabilize the oil market, French Finance Minister Roland Lescure said on Tuesday. Lescure told reporters that nations have requested the International Energy Agency to develop scenarios for a possible oil stockpile release. “We have asked the International Energy Agency to elaborate scenarios for a potential oil stockpile release,” Lescure
(BOE Report) – BP Chairman Albert Manifold on Friday announced plans for a slimmer board as part of the British oil major’s reset strategy, with former Shell chief financial officer Simon Henry among those departing. The leaner board is another of Manifold’s changes since coming on as chairman in October. Since then, Murray Auchincloss abruptly departed as CEO in December, with Woodside
(BOE Report) – State-owned German energy group Uniper is holding talks with Canada to expand its liquefied natural gas purchases, three people familiar with the matter said, as part of Berlin’s plans to strike a broad economic partnership and cut reliance on U.S. supplies. The discussions, which the sources said are taking place on a corporate and political level, are
(By Oil & Gas 360) – The European Union is weighing a plan to permanently ban Russian oil imports and to impose a full ban on providing shipping and related services for Russian oil, escalating its efforts to tighten pressure on Moscow. But turning that proposal into reality would likely require coordination beyond Brussels, including backing from G7 partners that play
(Oil Price) – The international oil companies operating the giant Kashagan oilfield in Kazakhstan have initiated an arbitration process to challenge a massive $5-billion fine for allegedly exceeding sulfur storage limits at a processing facility at the second biggest oilfield in the OPEC+ producer. The dispute, one of several against Big Oil that Kazakhstan currently has, is cooling the relations between
(Investing) – PARIS – U.S. Energy Secretary Chris Wright gave the International Energy Agency on Thursday a one-year deadline to scrap its support of goals to reduce energy emissions to net zero or risk losing the United States as a member. European countries played down the threat at the agency’s biennial meeting and restated their commitment to pursuing cleaner fuel. In
(By Oil & Gas 360)- Energy policy is entering another period of strain, and the tension now runs through institutions as much as markets. The United States is openly questioning whether the International Energy Agency has moved too far from its original energy security mandate toward climate advocacy. At the same time, Europe is confronting the rising cost of meeting
