Crude oil
Talos Energy to acquire QuarterNorth Energy for $1.29 B
Oil and gas company Talos Energy said it will acquire privately held QuarterNorth Energy in a $1.29 -B cash and stock deal to bolster its presence in Mexico.
Drawn by low prices, Chinese refiners hunt for oil to replenish stocks
Chinese refiners are actively booking crude oil cargoes for delivery in March and April to replenish stocks, locking-in relatively low prices and in anticipation of stronger demand in the second half of 2024.
More oil tankers shun southern Red Sea after U.S.-led strikes in Yemen
At least six more oil tankers were steering clear of the southern Red Sea, as disruptions on the vital route for energy shipping increase in the wake of U.S.-led strikes against Houthi targets in Yemen.
Thai Oil to shut crude unit for repairs at Sriracha refinery
Thai Oil is planning to shut one of the three crude distillation units at its Sriracha refinery complex for repairs after production issues cropped up early last week.
Protesters in Libya threaten to shut down oil and gas facilities
Protesters have threatened to shut down two oil and gas facilities near the Libyan capital Tripoli, with one group that is campaigning against corruption issuing a 72-hour ultimatum.
Indonesia's 2024 oil, gas lifting set to fall short of government targets, regulator says
Indonesia's oil and gas lifting this year is likely to fall below government targets, upstream oil and gas regulator SKK Migas said but pledged efforts to fill the gap.
Bulgaria replacing Russian crude with oil from Kazakhstan, Iraq, Tunisia
Bulgaria is replacing Russian oil imports with crude from Kazakhstan, Iraq and Tunisia in January, according to traders and LSEG data.
Oil tankers divert from Red Sea after U.S., UK strikes in Yemen
At least four oil tankers have diverted course from the Red Sea since overnight strikes by the U.S. and Britain on Houthi targets in Yemen, shipping data from LSEG and Kpler showed.
Russia's NORSI oil refinery halts unit due to an incident
The NORSI oil refinery, one of the largest in Russia, has halted a unit after an incident, oil company Lukoil said, without giving further details.
St Nikolas oil tanker operator says it lost contact off Oman
The operator of the oil tanker St Nikolas, Greece-based Empire Navigation, said it had lost contact with the vessel off Oman near the city of Sohar.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
