Commodities

Oil sinks as potential U.S.-Iran deal raises hopes for Hormuz reopening

(Bloomberg) — Oil fell beneath $100 a barrel and pure fuel slumped after studies that the U.S. and Iran could also be nearing a deal that might reopen the Strait of Hormuz and...

Baker Hughes, Strohm companion on ultradeepwater hybrid versatile pipe expertise

(WO) - Baker Hughes and Strohm are collaborating to develop and qualify a hybrid versatile pipe (HFP) designed for ultra-deepwater flowline and riser purposes. The system combines thermoplastic composite pipe (TCP) with standard versatile...

Equinor commits $1.6 billion to drilling exercise on Norwegian Continental Shelf

(WO) - Equinor has prolonged a sequence of drilling and nicely companies agreements valued at roughly NOK 17 billion ($1.6 billion) to maintain manufacturing and exercise on the Norwegian Continental Shelf.  ...

EPA permits restricted routine flaring at new oil wells beneath up to date rule

Dan Naatz, government vp and chief coverage officer at IPAA (WO) - The U.S....

bp considers exit from UK North Sea as CEO evaluations upstream portfolio

(Bloomberg) – bp Plc is contemplating probably exiting half or all of its operations within the UK North Sea, individuals acquainted with the matter stated, because the oil big works to strip belongings...

Occidental CEO Hollub to retire June 1; COO Jackson to succeed

(WO) - Occidental Petroleum mentioned President and CEO Vicki Hollub will retire efficient June 1, 2026, with Chief Working Officer Richard Jackson set to imagine the position. Jackson can even be a part of...

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