energy News
Chevron Navigates Tighter Sanctions in High-Stakes Venezuela Play
A more restrictive U.S. license is forcing the oil major to alter royalty payments, slowing debt recovery from the nation's vast, but risky, oil fields.
Chevron Surges as Maduro's Fall Spurs Venezuela Asset Hope
Shares climb over 2% as investors bet the political upheaval could revive the oil major's long-stifled operations in the sanctions-hit nation.
Oil Prices Dip as Global Supply Glut Overshadows Venezuela Turmoil
Crude prices fall over 1% despite the reported capture of Venezuelan President Nicolas Maduro, as traders focus on a looming supply surplus and weak demand.
US Offshore Wind Ambitions Dashed as Industry Sues Over Project Freeze
Citing national security, the administration's move freezes nearly 6 GW of projects, prompting legal challenges from developers like Orsted and Dominion.
Woodside Energy Inks 9-Year LNG Supply Deal with Turkey's BOTAŞ
The agreement will see the Australian energy giant supply 0.5 million tonnes per annum to the Turkish market, sourced primarily from its upcoming Louisiana LNG facility.
Energy Fuels Jumps After Exceeding 2025 Production Guidance
The leading U.S. uranium miner also reported strong fourth-quarter sales and secured new long-term contracts, signaling robust domestic demand.
SolarBank Shares Surge on $4M Payment for NY Solar Portfolio
The renewable energy developer's stock jumped nearly 13% after receiving the initial payment for a $41 million asset sale, validating its capital recycling strategy.
BP Shares Rise on $6 Billion Deal to Sell Castrol Stake
Divestment to Stonepeak values the lubricant business at over $10 billion, advancing BP's strategy to reduce debt and streamline operations toward core assets.