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Oil Seals Quarterly Gain in Tightening Market Share your comments
Oil scored a 16% quarterly gain in the latest sign that export curbs by OPEC and its allies are reining in global supplies.
3:54 PM EST | March 28, 2024
Libya's Surprise Oil Minister Change Throws Spotlight on Output Share your comments
The dramatic replacement of Libya's oil chief may help drive deals and revive the OPEC member's beleaguered energy sector.
3:00 PM EST | March 28, 2024
USA Commercial Crude Oil Inventories Increase Share your comments
Crude oil stocks in the U.S., not including the SPR, stood at 448.2 million barrels on March 22, according to the EIA.
1:00 PM EST | March 28, 2024
Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate Share your comments
The county of Bucks in Pennsylvania seeks to charge climate remedial measures to oil and gas giants.
10:48 AM EST | March 28, 2024
Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks Share your comments
Russian warships from the Pacific Fleet have crossed the Bab-el-Mandeb Strait and entered the Red Sea, the state-run Tass news agency said.
10:00 AM EST | March 28, 2024
US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea Share your comments
South Korea and the U.S. launched a joint task force to prevent North Korea from accessing refined petroleum products.
7:57 AM EST | March 28, 2024
Macquarie Strategists Expect Brent Oil Price to Grind Higher Share your comments
Macquarie strategists said they expect Brent 'to grind higher until $90, or until we reach June'.
7:55 AM EST | March 28, 2024
UK Oil Regulator Publishes New Emissions Reduction Plan Share your comments
The NSTA said the plan 'places electrification and low carbon power at the heart of emissions reduction'.
5:07 AM EST | March 28, 2024
PetroChina Posts Higher Annual Profit on Higher Production Share your comments
PetroChina reported $20.6 billion in net income for 2023, up 8.3 percent compared to 2022 as growth in both upstream and downstream output offset weaker oil prices.
4:00 AM EST | March 28, 2024
Japan Failing to Meet Corporate Demand for Clean Power: Amazon Share your comments
'There are many, many companies looking for renewable power here in Japan'.
3:52 AM EST | March 28, 2024
Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well Share your comments
Falcon Oil & Gas hit above commercial IP60 flow rate of 3.0 MMcfpd at the SS-1H well in EP117.
3:00 AM EST | March 28, 2024
McDermott Settles Reficar Dispute Share your comments
McDermott said it has fully resolved the Reficar arbitration case and concluded interrelated Dutch and British legal processes.
3:00 AM EST | March 28, 2024
Oil Falls as US Inventories Increase Share your comments
Oil lost more of the ground it had gained early this week as US crude and gasoline inventories increased, undercutting expectations for tightening supplies.
3:39 PM EST | March 27, 2024
New China Climate Chief Says Fossil Fuels Must Keep a Role Share your comments
'We will still keep our fair share of fossil fuels, but they must be used in a clean way'.
3:00 PM EST | March 27, 2024
DOE Offers $22MM to Streamline Permitting Process for RE Projects Share your comments
The DOE has allotted up to $22 million to enhance planning, siting, and permitting for large−scale renewable energy projects.
1:30 PM EST | March 27, 2024
Perenco Still Searching for Missing Person After Platform Incident Share your comments
'The search for the missing person is still actively underway'.
1:00 PM EST | March 27, 2024
Ithaca Energy Studies Deal for Eni's UK Upstream Assets Share your comments
North Sea oil and gas producer Ithaca Energy is in exclusive talks on a potential deal for Eni's UK upstream operations.
10:00 AM EST | March 27, 2024
US Govt Makes Record Investment of $6B for Industrial Decarbonization Share your comments
The DOE selected 20 states for the deployment of up to $6 billion in funding to reduce emissions from energy-intensive manufacturing industries.
8:25 AM EST | March 27, 2024
Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day Share your comments
'We recently updated our U.S. oil production expectations'.
8:24 AM EST | March 27, 2024
Blockchain Demands Attention in Oil and Gas Share your comments
Blockchain is emerging as a technology that demands attention within the oil and gas sector, according to GlobalData.
5:56 AM EST | March 27, 2024
Czech Utility CEZ Bucks Weaker Prices, Demand to Log Record Annual Profit Share your comments
CEZ saw sustained production and gains from commodity trading offset lower electricity prices and lower domestic demand for electricity, as well as higher taxes.
5:51 AM EST | March 27, 2024
CNPC Opens Sea-Land Oil Storage and Transport Facility in Bangladesh Share your comments
CNPC put into operation what it calls the first mega sea-land oil storage and transportation facility in Bangladesh.
4:36 AM EST | March 27, 2024
Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India Share your comments
The waters off Oman are emerging as a hot spot for ship-to-ship transfers of Russian oil heading to India, as the US steps up scrutiny of the flows.
3:08 AM EST | March 27, 2024
Eni, Fincantieri, RINA Ink Deal on Maritime Decarbonization Share your comments
The Italian trio have joined forces to develop initiatives to aid energy transition in the maritime sector.
2:58 AM EST | March 27, 2024
Oil Dips as Continued OPEC Cutbacks are Likely Share your comments
Oil settled little changed Tuesday, after swinging between gains and losses, with OPEC+ set to affirm its policy of production cuts amid tensions in the Middle East and Russia.
3:53 PM EST | March 26, 2024
US DOE Earmarks $475MM for Five Clean Energy Projects in Mine Lands Share your comments
The projects encompass various clean energy technologies, including solar, microgrids, pumped storage hydropower, geothermal, and battery energy storage systems.
1:30 PM EST | March 26, 2024
Eliis and Chevron Enter Into Seismic AI Collaboration Deal Share your comments
Eliis SAS has entered into a collaboration agreement with Chevron Corporation.
1:08 PM EST | March 26, 2024
Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road Share your comments
Higher gasoline prices jeopardize the fight against inflation that's dogged both President Joe Biden and Federal Reserve Chair Jerome Powell.
12:03 PM EST | March 26, 2024
Libya Oil Minister Oun Suspended Pending Investigation Share your comments
Libyan Oil Minister Mohamed Oun has been suspended from office pending an investigation, according to a government agency.
10:00 AM EST | March 26, 2024
California Bill Seeks Closure of Depleting Wells Near Communities Share your comments
Legislation has been proposed before the California assembly to penalize oil and gas drillers for low-producing wells near communities until they plug and abandon these wells.
8:04 AM EST | March 26, 2024
House Passes Protecting American Energy Production Act Share your comments
'This bill prohibits the president from declaring a moratorium on the use of hydraulic fracturing unless Congress authorizes the moratorium'.
8:03 AM EST | March 26, 2024
OPEC and China Conduct High Level Energy Meeting Share your comments
The meeting was co-chaired by OPEC Secretary General Haitham Al Ghais and Zhang Jianhua, the administrator of the National Energy Administration of the People's Republic of China.
5:37 AM EST | March 26, 2024
Russia Starts Linking Power of Siberia with Far East Gas Network Share your comments
Gazprom has begun constructing natural gas trunklines to integrate the Power of Siberia pipeline with the Far East's local gas distribution network.
4:30 AM EST | March 26, 2024
Canacol Annual Net Income Slips as Production Capacity Dips Share your comments
Canacol's net income for 2023 stood at $86.2 million.
2:30 AM EST | March 26, 2024
Pemex to Cut Emissions by 54 Pct in Next Six Years toward Net Zero by 2050 Share your comments
Pemex is promising to cut its greenhouse-gas emissions by 54 percent over the next six years, and is targeting net-zero emissions by 2050.
2:30 AM EST | March 26, 2024
England-Wales CO2 Pipeline Gets Government Greenlight Share your comments
Lead developer Eni said the pipeline approval gets the HyNet CCS project closer to FID, which is expected later this year.
2:30 AM EST | March 26, 2024
Exxon Signs Ammonia Accord, Presses Case for Hydrogen Tax Credit Share your comments
Exxon pressed the case for hydrogen produced from natural gas to receive U.S. tax credits under the Inflation Reduction Act.
5:00 PM EST | March 25, 2024
Oil Rises on Global Tensions and Signs of Continued Cutbacks Share your comments
Oil futures rose on geopolitical unrest and signs that OPEC+ will stick with current output cuts when delegates hold a review session next week.
3:53 PM EST | March 25, 2024
US Needs As Much As $250B to Reach 2050 Geothermal Potential: DOE Share your comments
The DOE estimates that the U.S. needs to invest $225–250 billion to reach a potential 90 GW of geothermal generation by 2050.
1:30 PM EST | March 25, 2024
North America Rig Loss Streak Rumbles On Share your comments
North America lost rigs week on week, according to Baker Hughes' latest rotary rig count.
12:09 PM EST | March 25, 2024
Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks Share your comments
The Yemen-based Houthi militants renewed their threats against Saudi Arabia.
10:00 AM EST | March 25, 2024
Republican Lawmakers Say IEA Has Abandoned Energy Security Mission Share your comments
The lawmakers have sent a letter to the director of the IEA.
8:43 AM EST | March 25, 2024
USA Oil and Gas Job Figures Jump Share your comments
The U.S. oil and gas industry directly employed 2.04 million workers in 2023, according to TIPRO.
7:41 AM EST | March 25, 2024
Nigeria Expects FID on Gas Pipeline with Morocco by Year-End Share your comments
The FID on the planned $25 billion Nigeria-Morocco pipeline linking North and West Africa could be reached by December.
4:29 AM EST | March 25, 2024
TotalEnergies Restarts Production in Denmark's Biggest Gas Field Share your comments
'At plateau, the Tyra hub will produce 5.7 million cubic meters of gas and 22,000 barrels of condensate per day'.
3:14 AM EST | March 25, 2024
EIB Agrees $109MM in Green Finance for Danish SMEs Share your comments
The EIB signed a deal with Ringkjobing Landbobank to finance Danish SMEs in their energy transition.
2:30 AM EST | March 25, 2024
Sinopec Posts 13 Percent Fall in Annual Profit on Weaker Oil Prices Share your comments
Sinopec's annual profits declined 13 percent, after oil prices fell and Chinese refiners posted a record year for processing and imports.
2:30 AM EST | March 25, 2024
Russia Increases NGV Refueling Stations to Nearly 900 Share your comments
Russia had 836 NGV refueling stations as of the beginning of 2024, more than half of which are owned by Gazprom.
1:43 AM EST | March 25, 2024
New U.S. Initiative to Connect Low-Income Households to Community Solar Share your comments
The Clean Energy Connector digital platform connects families to solar energy through the Low-Income Home Energy Assistance Program.
7:00 AM EST | March 24, 2024
Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude Share your comments
The world is using more oil than ever and demand is outpacing expectations again this year.
8:00 AM EST | March 23, 2024
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