Mitchell Ferman
Verified
As seen in:
Bloomberg News,
MSN,
MSN Canada,
MSN Philippines,
MSN UK,
The New York Times,
Bloomberg Green Daily,
Reuters,
The Independent (UK),
Yahoo News,
Yahoo Singapore
and
Energy reporter @business mferman13@bloomberg.net or mitchell.ferman@protonmail.com
Articles by Mitchell Ferman
UK Expected to Approve Contentious North Sea Jackdaw Gas Field
We and our partners: (59) process personal data such as IP Address, Unique ID, browsing data for: Use precise geolocation data | Identify devices based on information actively requested. Some partners do not ask for your consent to process your data, instead, they rely on their legitimate business interest. View our list of partners to see the purposes they believe they have a legitimate interest for and how you can object to it.
UK Expected to Approve Contentious North Sea Jackdaw Gas Field
NSTA (Bloomberg) -- The UK government is set to approve drilling at the Jackdaw gas field, forcing Prime Minister Andy Burnham to take sides in a years-long battle over the future of the North Sea and risk alienating voters whichever way he turns.
BP Slashes Debt With Boost From Energy Trading and Refining
Photographer: Jason Alden/Bloomberg (Bloomberg) -- BP Plc cut net debt by around $8 billion in the past three months, reaching its 2027 target early after surging prices drove windfall profits from energy trading and oil refining.
Shell sees record refining margins as war roils fuel markets
Business Fuel Refining margin hit $42 a barrel in Q3, up from $24 in Q2 October 7, 2026 10:10 AM, EDT A Shell storage tank. (Chris Ratcliffe/Bloomberg) Key Takeaways: Shell reported a record $42-a-barrel third-quarter refining margin as fuel market disruptions from the Middle East and Russia tightened supplies. The margin far exceeded $24 in the second quarter as diesel and other fuel prices outpaced crude amid refinery damage and Persian Gulf shipping constraints.
Shell Sees Record Refining Margins as War Roils Fuel Markets
Photographer: Chris Ratcliffe/Bloomberg (Bloomberg) -- Shell Plc reported record refining margins in the third quarter as disruption to fuel supplies from the Middle East and Russia tightened the market.
Chevron’s Wirth Warns US Diesel Curbs Could Send Prices Higher Original
(Bloomberg) -- A US ban on diesel exports could result in higher prices in some parts of the country as well as causing issues with other nations that rely on American supplies, Chevron Corp. Chief Executive Officer Mike Wirth said on Tuesday. Most Read from Bloomberg "You could see some upward pressure on prices in some parts of the country," Wirth said at the Energy Intelligence Forum in London.
BP Must Make Better Use of Shareholder Capital, CEO O’Neill Says
Photographer: SeongJoon Cho/Bloomberg (Bloomberg) -- BP Plc needs to make better use of investor capital, Chief Executive Officer Meg O’Neill said as she works to reshape the oil major after six months in the role.
War Exposes the Cost of the West’s Retreat From Oil Refining
US Energy Information Administration, Energy Aspects (Bloomberg) -- When Dev Sanyal joined the oil industry in the late 1980s, the Berlin Wall was still in place and Nintendo released the Game Boy. Brent crude oil cost about $15 a barrel.
Meet Ben Monaghan: BP’s New Head of M&A
Hi, it’s Mitchell Ferman and Fareed Sahloul in London, with a short profile of the PJT banker BP has picked to manage its in-house M&A team. Elsewhere, Paramount’s deal delay fuels fears of costly $52 billion M&A debt. Today’s top stories
英BP、ブラジルのバイオ燃料事業売却を検討－石油・ガスに資本集中へ
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
BP Is Said to Weigh Sale of Its Brazilian Biofuels Business
is considering options for its Brazilian biofuels business including a sale as Chief Executive Officer accelerates efforts to reshape the energy giant’s portfolio and concentrate capital on core businesses, according to people familiar with the matter. BP of the business in 2024 by acquiring a 50% stake for $1.4 billion including debt. And the company no longer considers the business core to its future strategy, the people said.
BP Is Said to Weigh Sale of Its Brazilian Biofuels Business
We and our partners: (7) process personal data such as IP Address, Unique ID, browsing data for: Store and/or access information on a device | Personalised advertising, advertising measurement, and audience research | Content measurement and services development | Personalised content | Use precise geolocation data | Identify devices based on information actively requested. Some partners do not ask for your consent to process your data, instead, they rely on their legitimate business interest.
BP Is Said to Weigh Sale of Its Brazilian Biofuels Business
Bloomberg (Bloomberg) -- BP Plc is considering options for its Brazilian biofuels business including a sale as Chief Executive Officer Meg O’Neill accelerates efforts to reshape the energy giant’s portfolio and concentrate capital on core...
Repsol Says 90% of Its Crude Supply Risks Breaching New EU Rules
Photographer: Angel Garcia/Bloomberg (Bloomberg) -- Repsol SA anticipates about 90% of its crude oil supplies falling short of new European Union methane requirements that are due to take effect in January, the latest in a series of warnings from...
BP North Sea Assets Draw Interest From Suitors Including Adura, NEO Next+
Photographer: Andy Buchanan/AFP/Getty Images (Bloomberg) -- BP Plc’s North Sea operations have drawn interest from suitors including Adura and NEO Next+, people familiar with the matter said, as the oil major works to exit the basin even as the UK...
Shipping Oil Through Hormuz Costs $20 Million, Total CEO Says Original
(Bloomberg) -- The cost of shipping oil cargoes on a supertanker through the Strait of Hormuz is about $20 million, the boss of TotalEnergies SE said, underscoring the wide margins to be made by traders and shipowners.
Chevron Partners With Equinor in Namibia Oil Exploration
Photographer: Zak Bennett/Bloomberg (Bloomberg) -- Equinor ASA is partnering with Chevron Corp. in Namibia, joining a number of major energy companies hoping to turn the southern African country into the world’s next oil hotspot.
ConocoPhillips Says Lance Retiring After 14 Years as CEO
Photographer: F. Carter Smith/Bloomberg (Bloomberg) -- ConocoPhillips announced that Ryan Lance will retire after 14 years as the top boss and be succeeded by his financial chief Andy O’Brien next month.
BP Puts Biogas Unit for Sale as O’Neill Steps Up Turnaround
BP Plc has put another key asset up for sale and said it will meet its debt target sooner than planned, as new CEO Meg O’Neill stepped up efforts to streamline the business and rebuild investor confidence after years of underperformance.
BP CEO Says It’s ‘Prudent’ to Stop Calling Company a Supermajor Original
Photographer: Brent Lewin/Bloomberg (Bloomberg) -- BP Plc Chief Executive Officer Meg O’Neill said it’s “prudent” to stop thinking of the company as a Big Oil supermajor, a significant shift in how she wants investors to judge the oil giant as she...
BP CEO Says Interest in Its North Sea Business Is Strong
Skip to Content BP Plc’s Meg O’Neill said the company has received approaches for its North Sea business just days after announcing it’s up for sale, and any changes in UK policy won’t sway her into keeping the assets. (Bloomberg) — BP Plc’s Meg O’Neill said the company has received approaches for its North Sea business just days after announcing it’s up for sale, and any changes in UK policy won’t sway her into keeping the assets.
BP CEO Says Interest in Its North Sea Business Is Strong Original
Photographer: Matt Jelonek/Bloomberg (Bloomberg) -- BP Plc’s Meg O’Neill said the company has received approaches for its North Sea business just days after announcing it’s up for sale, and any changes in UK policy won’t sway her into keeping the...
BP Puts Biogas Unit for Sale as O’Neill Steps Up Turnaround Original
Photographer: Chris Ratcliffe/Bloomberg (Bloomberg) -- BP Plc put another key asset up for sale and said it will meet its debt target sooner than planned, as new Chief Executive Meg O’Neill stepped up efforts to streamline the business and rebuild...
KKR Buys Total Renewable Power Stake in €1.8 Billion Deal
Bloomberg (Bloomberg) -- TotalEnergies SE agreed a pair of renewable power deals, selling a 50% stake in a portfolio of assets valued at €1.8 billion ($2.1 billion) to an insurance account managed by KKR & Co. and also buying Shell Plc’s European...
BP Set to Quit UK North Sea Oil in Pivotal Moment for PM Burnham Original
Photographer: Jaimi Joy/Bloomberg (Bloomberg) -- BP Plc’s decision to put its UK North Sea business up for sale marks a critical moment for the country’s dwindling oil and gas industry as new Prime Minister Andy Burnham weighs whether to allow new...
Exxon CEO Says Europe Climate Law Threatens Energy Imports
Photographer: F. Carter Smith/Bloomberg (Bloomberg) -- Europe will start losing energy imports in 2027 when onerous new methane regulation comes into force, according to ExxonMobil Holdings Corp.’s Darren Woods.
ExxonMobil, Chevron Steer Windfall Profits Into Debt Reduction
Bloomberg (Bloomberg) -- ExxonMobil Holdings Corp. and Chevron Corp. plowed blowout profits into debt reduction rather than huge buyback increases in a sign of Big Oil’s caution about how long war-driven price rallies will last.
BP Starts Process for Potential Sale of North Sea Business Original
Photographer: WPA Pool/Getty Images Europe (Bloomberg) -- BP Plc said it’s starting a process to market its North Sea business for a potential sale, as part of a wider review of the oil major’s portfolio.
Big Oil Is Making Big Money During Iran War Market Turmoil
Shell Plc’s second-quarter profit soared to the highest since the outbreak of the Ukraine war.Photographer: Chris Ratcliffe/Bloomberg July 30, 2026 at 12:11 PM UTC Welcome to our guide to the commodities driving the global economy.
Shell Profit Surges as Oil Trading and Refining Margins Boom
Skip to Content Shell Plc said its second-quarter profit jumped on the back of an oil-refining boom and another robust period for energy trading as the Iran war upended the makret. (Bloomberg) — Shell Plc said its second-quarter profit jumped on the back of an oil-refining boom and another robust period for energy trading as the Iran war upended the makret.
Oil Startup Backed by Ex-Goldman Commodity Chief Currie to IPO
Skip to Content Jeff Currie, the former Goldman Sachs Group Inc. commodities chief whose calls made him one of Wall Street’s best-known energy market strategists, is preparing to raise £50 million ($67 million) in a London stock market listing to build an oil producer in the Gulf of Mexico. (Bloomberg) — Jeff Currie, the former Goldman Sachs Group Inc.
Expand Energy to Buy Gas Firm Twin Eagle for $1.25 Billion
Skip to Content Expand Energy Corp. agreed to buy gas marketer Twin Eagle Holdings NA LLC from private equity firm Five Point Infrastructure for $1.25 billion, moving the largest US natural gas producer further into marketing and trading. (Bloomberg) — Expand Energy Corp. agreed to buy gas marketer Twin Eagle Holdings NA LLC from private equity firm Five Point Infrastructure for $1.25 billion, moving the largest US natural gas producer further into marketing and trading.
Big Oil Set to Reap Profit Bonanza From Soaring Fuel Prices
Photographer: David Paul Morris/Bloomberg (Bloomberg) -- The world’s Big Oil companies are set for another bumper set of quarterly results after the Iran war sent crude prices soaring — and fuels even higher.
Equinor Earnings Beat Estimates as War Roils Energy Markets Original
Bloomberg (Bloomberg) -- Equinor ASA posted earnings that beat expectations as production climbed and the Iran war drove European natural gas prices higher, helping to boost its lucrative trading business.
TotalEnergies Sees Strong Oil Trading Even as Gas Weakens Original
Bloomberg (Bloomberg) -- TotalEnergies SE reported another quarter of bumper oil trading after the Iran war upended crude markets, but warned of underperformance in its gas business.
BP Flags $1 Billion Writedown From Low Carbon Business Original
Bloomberg (Bloomberg) -- BP Plc said it expects to write down another $1 billion from energy transition assets in the second quarter, as the British major continues the painstaking work of re-orientating itself toward its core oil and gas business.
BP CEO says oil giant needs to make ‘fewer and better’ choices
Skip to Content Meg O’Neill's decision to simplify the company’s structure is helping BP’s response to the disruption caused by the Iran war O’Neill announced the reorganization of BP’s leadership and reporting structures last month, in an overhaul that cemented the company’s focus on oil and gas. BP PLC’s new chief executive acknowledged that the oil giant still has work to do to streamline its decision-making processes and gain investor trust in a post that marked her first 100 days in the job.
BP CEO Says Oil Giant Needs to Make ‘Fewer and Better’ Choices
Photographer: Matt Jelonek/Bloomberg (Bloomberg) -- BP Plc’s new chief executive officer acknowledged that the oil giant still has work to do to streamline its decision-making processes and gain investor trust in a post that marked her first 100...
Shell Says Oil, Gas Trading Strong as War Drives Volatility
Photographer: Zak Bennett/Bloomberg (Bloomberg) -- Shell Plc said it delivered another strong oil and gas trading result in the second quarter as it benefited from the market turmoil caused by the Iran war.
BP Sells Canadian Offshore Oil Project Stake to Equinor
(Bloomberg) -- BP Plc is selling its nearly 40% non-operated interest in the Bay du Nord oil project offshore eastern Canada to Equinor ASA, the operator of the development, as the oil major continues to simplify its portfolio.
Shell Shuffles Energy Trading Bosses as David Wells Retires
Photographer: Milan Jaros/Bloomberg (Bloomberg) -- Shell Plc Executive Vice President of energy trading David Wells is retiring after four years of running a unit that’s a key driver for the company’s earnings, according to people familiar with...
Shell Sees 2026 LNG Trade Flat If Hormuz Reopens in Summer
Photographer: Chris Ratcliffe/Bloomberg (Bloomberg) -- Shell Plc expects global liquefied natural gas flows to be little changed this year — after more than a decade of growth — if shipping through the Strait of Hormuz returns to normal this summer.
Chevron Says Venezuela Operations Continue After Earthquake
Photographer: Manaure Quintero/AFP/Getty Images (Bloomberg) -- Chevron Corp. said its Venezuela business remains operational and all of its employees are accounted for after back-to-back earthquakes struck the South American nation.
Oil Jumps as Trump Threatens to ‘Hit Iran Hard’ Imminently
Bloomberg (Bloomberg) -- Oil turned higher as President Donald Trump warned of imminent US attacks against Iran and domestic crude inventories posted another steep drop.
BP CEO Shakes Up Structure in Push Back to Oil and Gas
Skip to Content New BP Plc Chief Executive Officer Meg O’Neill reorganized the oil giant’s leadership and reporting structures in an overhaul that cements the company’s focus on oil and gas as it tries to move beyond recent boardroom drama.
Big New BP Shareholder Adds to Stock Despite Boardroom Chaos Original
Photographer: Jaimi Joy/Bloomberg (Bloomberg) -- A large new investor in BP Plc topped up its holding after the shock firing of the oil major’s chairman last week, betting that the boardroom drama won’t derail the company’s strategic approach.
BP Executive Lin to Leave as New CEO Prepares Overhaul (2) Original
executive William Lin is to leave the energy major as the company undertakes an overhaul of its structure and its senior leadership. Lin, executive vice president of gas and low carbon and a member of BP’s leadership team, will remain in the office until the third quarter, BP said in a statement. The departure comes after boardroom upheaval at BP last week, in which the firm unexpectedly fired Chairman .
Fired BP Chair Hits Back at ‘Lies’ Told About His Conduct
Photographer: Chris Ratcliffe/Bloomberg (Bloomberg) -- Former BP Plc Chairman Albert Manifold said nobody raised the issue of his conduct during his time at the oil major, hitting back at what he said were lies “told about me.” BP ousted Manifold...
BP’s Long History of Management Turmoil Makes an Unexpected Return
Welcome to our guide to the commodities driving the global economy. Today, reporter Mitchell Ferman looks at the renewed management upheaval at oil giant BP.
Show More
loading
Actions
Get in touch with Mitchell
Contact Mitchell, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack