Author: intent

bp reports production boost, strong Q2 results from oil trading

Oil & Gas‚ Oil and Gas Industry | intent | July 14, 2025 | Comment off

bp Plc said it expects to report rising production and a strong result from its oil trading business for the second quarter, offering a boost for the energy major struggling to reverse years of underperformance.

Production for the three months through June is now expected to be higher compared with the first quarter, the London-based company said in a statement on Friday. That’s up from earlier guidance for it to be broadly flat. Output had slipped in the first three months of the year. It will report earnings for the period on Aug. 5.

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Perenco acquires Trinidad producing assets from Woodside Energy

Oil & Gas‚ Oil and Gas Industry | intent | July 14, 2025 | Comment off

Perenco has completed its acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago, the company announced Friday. The finalization of the deal, combined with Perenco’s existing operation of the Teak, Samaan and Poui (TSP) and Cashima, Amherstia, Flamboyant and Immortelle (CAFI) fields, aligns Perenco as a major oil and gas producer in country.

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Oil at the Center as U.S. and Brazil Edge Toward a Trade War

Oil & Gas‚ Oil and Gas Industry | intent | July 11, 2025 | Comment off

Brazil is preparing to defend its oil export sector as U.S. President Donald Trump threatens to impose a 50% tariff on Brazilian imports starting August 1. The move has escalated tensions between the two countries, with Brazilian President Luiz Inácio Lula da Silva vowing reciprocal action: “If he charges us 50%, we’ll charge him 50%,” Lula told local media outlet Record.

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