Brent Alpha News


Brazil Prepares Extra 2025 Auction

Apr 10, 2025

Brazil's government is preparing an extra auction this year of stakes in offshore oil areas to boost revenue, a plan gaining steam amid falling oil prices and rising global trade uncertainty, said four people familiar with the matter.Two of the sources…

OEG’s Bluestream to Service TenneT’s Offshore Grid Connection Unit

Mar 19, 2025

Bestream Offshore, one of the companies in OEG Energy Group’s subsea division, has secured a contract by TenneT for the retrofit installation of a corrosion protection system for the SylWin alpha offshore converter station for the offshore grid connection SylWin1 in Germany…

All Gas from Conrad’s Mako Field to be Sold to Indonesia’s PLN

Mar 12, 2025

The Indonesian Ministry of Energy and Mineral Resources (MEMR) has issued a directive to Conrad Asia Energy, the operator of the Mako Gas field offshore Indonesia, stating that all gas produced from the field would be sold to state-owned PT…

Woodside’s Profit Hits Three-Year Low

Feb 24, 2025

Australian oil and gas major Woodside Energy reported its smallest annual underlying profit in three years on Tuesday, hurt by lower realised prices, but maintained its 2025 output forecast on expectations of strong demand for liquefied natural gas…

Wood Mackenzie Projects $73/Barrel in '25

Feb 24, 2025

According to its latest market outlook, Wood Mackenzie projects that Brent crude oil prices will average $73.00 per barrel (bbl) in 2025. The forecast considers geopolitical and economic factors, including potential peace talks between Russia and the US regarding the Ukraine conflict…

ADNOC Drilling Seeks Ways to Refinance $1.25B Debt

Feb 14, 2025

ADNOC Drilling, a unit of the United Arab Emirates' state oil giant, is looking to refinance debt maturing later this year worth an overall $1.25 billion, its chief financial officer said on Friday.The company will refinance a term loan worth…

US Oil Output Projection Raised for 2025, says EIA

Feb 11, 2025

U.S. oil production is expected to reach new heights in 2025, surpassing earlier projections, according to the U.S. Energy Information Administration’s (EIA) latest Short-Term Energy Outlook. The EIA now forecasts U.S. crude oil production will average 13…

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

Feb 11, 2025

BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable production in the years ahead, a senior manager at the international energy major told Reuters.BP currently operates 21 gas wells in Shah Deniz…

Shell Puts New FPSO at Penguins Field into Production

Feb 04, 2025

Shell has restarted production at the Penguins field in the U.K. North Sea with a new floating, production, storage and offloading (FPSO) unit.The previous export route for the field, operated by Shell with 50% interest, and partner NEO Energy with the remaining 50%…

TenneT Signs Consortium to Connect 2GW Dutch Offshore Wind Farm to Grid

Feb 03, 2025

The consortium of pension fund ABP, pension investor APG and wind energy developer SSE has signed a realization agreement with transmission system operator (TSO) TenneT for the Dutch offshore grid connection of 2 GW IJmuiden Ver Alpha wind farm…

Oil Goes Down as Trump Asks OPEC to Cut Prices

Jan 24, 2025

Oil fell 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum.Uncertainty over how Trump's proposed tariffs and energy policies would affect global economic growth and energy demand also weighed on prices…

BP Restarts Shah Deniz Gas Platform Off Azerbaijan

Jan 20, 2025

BP, operator of the Shah Deniz gas and condensate field development project in Azerbaijan, said on Sunday it had restarted production at the Shah Deniz Alpha gas platform as of late Saturday.'Previously, a technical problem with the subsea condensate…

Oil set for fourth week of gains on US sanctions

Jan 17, 2025

Oil prices edged lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions.Brent crude futures were down 41 cents, or 0.5%…

Delayed Energy Transition Could Mean Higher Hydrocarbon Prices

Jan 16, 2025

As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on future oil and gas supply, but meeting this demand would require a significant increase in upstream investment, resulting in higher hydrocarbon prices…

Oil Dips on Larger US Crude Draw, Russia Sanctions

Jan 16, 2025

Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest sanctions targeting Russia and a larger than forecast fall in U.S. crude stocks.Brent crude futures were down 12 cents…

Current News

Iberdrola Picks Up $4.9B to Finance 1.4GW UK Offshore Wind Farm

Perenco Brings Woodside’s Trinidad Oil and Gas Assets Into Its Fold

Vallourec Brings CNOOC, Petrochina as New Clients in Iraq

Germany’s SEFE Inks Three-Year LNG Supply Deal with ADNOC

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