Business and Finance

  • 11 Nov, 2025

    Epic completes sale of Epic Crude to Plains All American

    Texas-based Epic Midstream Holdings has sold its 45 per cent minority stake in Epic Crude Holdings to Plains All American Pipeline. Plains already completed the purchase of 55 per cent stake in Epic Crude fr... more

  • BP Q3 profits dips

    07 Nov, 2025

    BP Q3 profits dips as weaker oil prices impact strong performance

    London-based oil giant BP has reported a decline in third-quarter profits as a strong performance in all of its divisions helped offset weaker oil prices. BP said underlying replacement cost profit (RC), use... more

  • Woodside Energy eyes 50 per cent sales increase by 2032

    07 Nov, 2025

    Woodside Energy eyes 50 per cent sales increase by 2032

    Woodside Energy expects its sales of oil and gas to climb 50 per cent by 2032 to meet increased power demand globally. During the company’s Capital Markets Day, Woodside CEO Meg O’Neill said the company ... more

  • ExxonMobil earnings

    06 Nov, 2025

    ExxonMobil earnings down in Q3 amid lower oil prices

    Exxon Mobil Corp. reported lower earnings for the third quarter ending September 30, bolstered by higher oil and gas production in Guyana and Permian Basin which offset lower oil prices. The company reported... more

  • Epic completes sale of Epic Crude to Plains All American
    11 Nov, 2025
  • BP Q3 profits dips as weaker oil prices impact strong performance
    07 Nov, 2025
  • Woodside Energy eyes 50 per cent sales increase by 2032
    07 Nov, 2025
  • ExxonMobil earnings down in Q3 amid lower oil prices
    06 Nov, 2025

Shell profit rises in Q3, announces share buyback

03 Nov, 2025
Shell announces third-quarter results
Shell delivered a strong set of results for the third quarter ending September 30, citing robust operational performance and higher trading contributions driving results as it announced continued share buybacks.  The oil and gas giant reported adjusted earnings of US$5.4 billion for the quarter, up from US$4.26 billion in the…

Tamboran strengthens position with major capital raise

30 Oct, 2025
Tamboran increases total domestic East Coast LOIsc
Tamboran Resources Corporation has successfully raised US$56.1 million through a Public Offering, issuing 2,673,111 shares of Common Stock at a price of US$21.00 per share. After deducting underwriters’ discounts and offering expenses, the total proceeds amount to approximately US$52.5 million. On October 23, 2025, the underwriters exercised their option to…

Woodside advances Louisiana LNG with Williams partnership

27 Oct, 2025
Woodside Energy reports strong reserves growth and Sangomar success
Woodside has announced the simultaneous signing and closing of a strategic transaction with Williams, a US natural gas infrastructure company, to drive forward the Louisiana LNG Project. The agreement establishes an integrated investment partnership and marks a significant advancement in Woodside’s US energy strategy. The transaction involves the sale of…

Tamboran and Falcon merge Beetaloo operations

03 Oct, 2025
Fracking approval in NT's Beetaloo Basin sparks outrage
Tamboran Resources and Falcon Oil & Gas Ltd. have agreed to a definitive transaction that will create a leading Beetaloo Basin operator with approximately 2.9 million net prospective acres across the majority of the Beetaloo depocenter. The deal, which values Falcon’s subsidiaries at C$239 million (US$172 million), results in a…

California Resources finalises Berry merger deal

22 Sep, 2025
California Resources finalised Berry merger deal
California Resources Corporation (CRC) has entered into a definitive agreement to merge with Berry Corporation in an all-stock transaction valuing Berry at approximately US$717 million, including net debt. Under the terms of the deal, Berry shareholders will receive 0.0718 shares of CRC stock for each share held, representing a 15…

UAE-based Sidara acquires Wood Group

02 Sep, 2025
Sidara acquires Wood Group
Wood Group has agreed to a US$291.5 million (£216m) conditional takeover by Dubai-based Sidara, marking the culmination of a year-long process that saw multiple bids for the struggling British oilfield services company. The deal will see Sidara assume US$1.6 billion of Wood’s debt and inject US$450 million of fresh cash…

Raisa Energy considers US$1.5b sale

20 Aug, 2025
Raisa Energy considers US$1.5b sale
Raisa Energy is exploring the potential sale of a portfolio of oil and gas wells across several U.S. shale basins, a move that could value the assets at around US$1.5 billion. The talks, reported by Reuters, remain at an early stage, and no final decision has been made. Sources cautioned…