Results 50 articles shown
Libya Daily Oil Output Hits 11-Year High
Crude and condensate production hit 1.422 million barrels.
7:00 PM EST | December 05, 2024
Petronas Inks Four PSCs for Mostly Proven Assets in Malaysia
Three PSCs cover nine discovered fields located mostly in Sabah.
7:00 PM EST | December 05, 2024
Global Oil, Gas Demand Remains Uncertain, BMI Warns
BMI analysts said energy consumption remains varied.
7:00 PM EST | December 05, 2024
Eni to Supply SAF to easyJet
Eni signed a deal to deliver SAF for a few easyJet flights over the winter and secured a preliminary agreement that would make the Italian energy major a supplier for the pan-European carrier through 2030.
7:00 PM EST | December 05, 2024
Chevron Holds Back on Permian, Tamping Down Expectations under Trump
Chevron expects to reduce Permian hydrocarbon production in 2025 'in favor of free cash flow'.
7:00 PM EST | December 05, 2024
Analysts Examine Latest OPEC+ Meeting
Analysts take a closer look at the OPEC+ meeting that took place on Thursday.
7:00 PM EST | December 05, 2024
European Gas Extends Losses With Russian Decree Easing Concerns
Benchmark futures dropped as much as 1.4 percent on Friday and are on track for a weekly decline of more than three three percent.
7:00 PM EST | December 05, 2024
OPEC+ Delay Reflects Early 2025 Lull, Saudi Prince Tells CNBC
'The first quarter is not a good quarter to bring volumes'.
7:00 PM EST | December 05, 2024
USA Crude Oil Stocks Drop 5.1MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 423.4 million barrels on November 29, according to the EIA.
7:00 PM EST | December 05, 2024
European Commission Offers $4.8B for Cleantech, Renewable Hydrogen Projects
The European Commission announced funding opportunities consisting of $3.58 billion for decarbonization technologies and $1.26 billion for the second European Hydrogen Bank auction.
7:00 PM EST | December 04, 2024
OPEC+ Delays Revival of Its Oil Production by 3 Months
The group led by Saudi Arabia and Russia pushed back the series of supply increases.
7:00 PM EST | December 04, 2024
Oil Patch in Canada Has $24B Shield Against Trump Tariffs
The expansion of Canada's Trans Mountain pipeline represented a $24 billion bid to help the country's oil producers reduce their near-total reliance on the U.S. market.
7:00 PM EST | December 04, 2024
USA Navy Destroyers Counter Attack While Escorting USA Chemical Tanker
'Despite the attack, there were no injuries or damage to any of the involved vessels, both civilian and naval', Dryad Global said.
7:00 PM EST | December 04, 2024
Former Trafigura Executive Turns Star Witness in Swiss Corruption Trial
A Swiss court rejected a request by Trafigura to have the testimony from convicted ex-executive Mariano Marcondes Ferraz thrown out.
7:00 PM EST | December 03, 2024
VRNG Inks Long-Term Landfill Gas Deal with Greenwood County, SC
Vision RNG signed a deal of up to 25 years to buy raw landfill gas from Greenwood County, South Carolina.
7:00 PM EST | December 03, 2024
US LNG Key to Coal Shift in Asia: Industry-Commissioned Study
The WoodMac study assumed lower renewables penetration compared to that projected by the IEA due to project implementation challenges.
7:00 PM EST | December 03, 2024
Analysts Look at Upcoming OPEC+ Meeting
SEB, Macquarie, and Sparta analysts offer their views.
7:00 PM EST | December 03, 2024
Maryland Offshore Wind Project Gets Final Approval
BOEM accepted the Construction and Operations Plan for the two-GW Maryland offshore wind project by an Italian-led joint venture.
7:00 PM EST | December 03, 2024
What It's Like to Captain a Tanker on Fire After a Houthi Attack
Captain Avhilash Rawat had just finished dinner when an anti-ship ballistic missile smashed into his oil tanker.
7:00 PM EST | December 03, 2024
Russia's Oil Revenues in November Took a Hit Amid Crude Slump
The Kremlin's oil revenues in November fell from a year earlier for a second consecutive month.
7:00 PM EST | December 03, 2024
OPEC Output Rises as Libya Recovery Offsets Iraqi Curbs
OPEC pumped an average of 27.02 MMbd in November, up by 120,000 from the previous month.
7:00 PM EST | December 02, 2024
Analysts Examine 2025 Oil, Gas Markets
Macroeconomic factors, strong supply, and weather disruptions are expected to weigh on energy prices in 2025, analysts at BMI said.
7:00 PM EST | December 02, 2024
Vaca Muerta Shale Play in Argentina Hits New Oil Production Record
YPF accounted for nearly 55 percent of Vaca Muerta's oil production last quarter, Rystad Energy highlighted.
7:00 PM EST | December 02, 2024
EIB Provides $83.9 Million Financing for Spanish Biomethane Plants
The financing will support the first phase of Nortegas' 3.5 TWh strategic plan.
7:00 PM EST | December 02, 2024
OPEC+ Is Firming Up Deal for 3-Month Delay to Output Hike
Even if OPEC+ delays the hikes penciled in for the first quarter, its oil production is still set to increase.
7:00 PM EST | December 02, 2024
Macquarie Strategists Forecast USA Crude Inventory Drop
Macquarie strategists are forecasting that U.S. crude inventories will be down for the week ending November 29.
7:00 PM EST | December 02, 2024
BOEM Alaska OCS Region Gets New Environmental Studies Chief
Heather Parker, who had experience with NOAA, has been appointed chief of the Alaska OCS Environmental Studies Program.
7:00 PM EST | December 01, 2024
UAE Agrees to Invest in Philippine Energy Sector
The Philippines and the UAE signed a Memorandum of Understanding on Energy Transition Cooperation.
7:00 PM EST | December 01, 2024
OEUK Chief Hails Awards Event
OEUK Chief Executive David Whitehouse hailed this year's OEUK awards ceremony, calling it 'the largest awards event we've had for a decade'.
7:00 PM EST | December 01, 2024
EU Sets Intermediate Targets for 2025 Gas Stockpiling Campaign
The European Commission set intermediate minimum filling levels for member states' UGS facilities next year toward the annual bloc target of at least 90 percent by November.
7:00 PM EST | December 01, 2024
AEA President Hails Trump's 'Strong' Energy Picks
'He has chosen strong candidates to comprise his energy team, all of which should instill confidence in the American people', AEA President Thomas Pyle said.
7:00 PM EST | December 01, 2024
Norway Carbon Capture Plant Marks Milestone in Longship Project
The European Union has said hundreds of millions of tons of CO2 will need to be captured annually by 2050 to reach net zero goals.
7:00 PM EST | December 01, 2024
Panama Bars 6 Ships From Flying Its Flag After UK Sanctions
Panama is canceling the registration of six ships sailing under its flag that were sanctioned by the UK last week.
7:00 PM EST | December 01, 2024
Texas Oil Town Odessa Now Among USA Cities With Highest Wages
Texas oil town Odessa and Denver joined the top 10 U.S. metropolitan areas with the highest weekly wages over the past year.
7:00 PM EST | November 29, 2024
Oil Drifts Lower in Thin Post-Holiday Trading
Trading volumes were lower due to Thursday's Thanksgiving holiday.
7:00 PM EST | November 28, 2024
Pemex Freezes New Contractor Deals as It Works Out $20B Owed to Suppliers
The temporary halt by Pemex's exploration and production arm applies to new agreements with contractors that haven't been previously formalized.
7:00 PM EST | November 28, 2024
Swedish Pension Fund Disinvests from EOG, MEG Citing Lack of Climate Plans
AP7 has now included 53 fossil fuel companies in its blacklist, expanded December 2016 to target firms deemed misaligned with the Paris Agreement.
7:00 PM EST | November 28, 2024
Gorgon CCS in Australia Falls Further from Declared Target: IEEFA
The underperformance reflects a trend among CCS projects across the globe and casts doubt 'on the financial viability of ambitious CCS plans by Australian governments and companies', IEEFA said.
7:00 PM EST | November 28, 2024
Brent Remains Tightly Rangebound
'This is despite some significant news flow', BMI said.
7:00 PM EST | November 28, 2024
Eni Wins Exploration Rights for Four Blocks Offshore Ivory Coast
The new nine-year licenses allow Eni to grow a footprint that already includes the two biggest hydrocarbon discoveries in the Western African country.
7:00 PM EST | November 28, 2024
SEB: Speculation Surrounding Potential USA Oil Output Surge Gains Attention
'Speculation surrounding a potential surge in U.S. oil production - up three million barrels per day - has gained attention', a SEB analyst said.
7:00 PM EST | November 28, 2024
TotalEnergies Eyes $750MM Gas Project in Nigeria to Boost LNG Supplies
French energy major TotalEnergies may greenlight a $750 million gas project in Nigeria next year.
7:00 PM EST | November 28, 2024
Next 4 Years Could Prime LNG for Golden Era
Rystad Energy said the next four years could prime the LNG markets for a golden era.
7:00 PM EST | November 28, 2024
Europe's Gasoline Exports Set to Rebound From Post-Covid Low
Europe's gasoline market is getting a boost.
7:00 PM EST | November 28, 2024
European Buyers of Russian Gas Rush to Find Workaround to US Bank Sanctions
Washington put sanctions on Gazprombank, which some central European nations use to pay Moscow, raising the risk of a cut-off of gas.
7:00 PM EST | November 27, 2024
Market Circumstances Not Supportive of OPEC+ Cut Unwind, StanChart Says
'We think the best strategy is a delay in unwinding, perhaps even well beyond the end of Q1', Standard Chartered analysts said.
7:00 PM EST | November 27, 2024
USA Commercial Crude Oil Inventories Drop
Crude oil stocks, excluding the SPR, stood at 428.4 million barrels on November 22, according to the EIA.
7:00 PM EST | November 27, 2024
China's EV Boom Threatens to Push Gasoline Demand Off a Cliff
Signs of the electrification of China's transport fleet, and the demise of gasoline, are everywhere.
7:00 PM EST | November 27, 2024
New Zealand Risks Industrial Closures amid Gas Shortfall: Study
The industry-commissioned study said a switch to renewables is economically viable but gas is needed in the short- and medium-term.
7:00 PM EST | November 27, 2024
US DOE Enlists AI to Speed Up Approval Process for Interconnection Projects
The DOE announced a $30 million funding opportunity for AI solutions that streamline the application process for grid interconnection projects.
7:00 PM EST | November 27, 2024