2025

EU to Look at More ‘Flexible’ Filling of Gas Storage Post-2025
The European Union will work with member states to allow for more flexible refilling of gas storage in coming years to reduce stress on the system that sent prices to the highest level in two years earlier this month.

bp begins production from Raven Phase 2, offshore Egypt
bp has announced the start of production from the second development phase of the Raven field, offshore Egypt, which involves the subsea tieback of additional Raven infill wells to its existing onshore infrastructure as part of the West Nile Delta (WND) project. bp, the operator, holds an 82.75% stake in the project, while Harbour Energy owns the remaining 17.25%.

Diamondback Nears Permian Deal to Buy Shale Producer Double Eagle
Diamondback Energy Inc. is closing in on a deal to acquire closely held West Texas oil producer Double Eagle in a bid to further its dominance in the world’s biggest shale patch, according to people familiar with the matter.