Construction Starts on Five Mini-LNG Plants in Nigeria
'These Mini LNG facilities will ensure the efficient transportation of gas over long distances, providing a cleaner and cheaper source of energy to households, mobility, industries, and businesses'.
USA Oil Refiners Look to Latin America, Iraq After Trump Tariffs
The tariffs could spur a partial re-routing of energy supply chains that may result in longer travel times and increased transport costs.
Repsol Approves Renewable Methanol Production Project in Catalonia
Ecoplanta project 'will become the first plant in Europe to produce renewable and circular methanol from waste through gasification', and will support emission reduction in maritime transport.
Iraq Parliament Clears Longstanding Pay Dispute over Kurdish Oil
Iraq's parliament passed a plan to boost payments to oil companies in Kurdistan, a step toward resuming exports from the area that were halted almost two years ago.
Equinor to Keep Deepsea Atlantic Rig until 2027
'The Odfjell Drilling-owned fleet is now fully booked until 2027 with a significant, predictable, and increasing revenue backlog'.
SLB, Aker Solutions Secure Hafslund Celcio Carbon Capture Deal
The carbo capture EPCIC contract is for a waste-to-energy facility in Oslo.
Kuwait Names CEO and CFO for New Dubai-Based Oil Trading Arm
Kuwait Petroleum Corp.'s oil trading unit appointed company veteran Abdullatif Almukhaizeem as chief executive officer.
WTI Slips Below $73 on Mixed Tariff Signals
Oil dipped as conflicting reports on tariffs for Canada and Mexico fueled market uncertainty.
Macquarie Strategists See 'Very Large' USA Crude Build in Next EIA Report
The EIA's next weekly petroleum status report is scheduled to be released on February 5 and will include data for the week ending January 31.
Murphy Oil Raises Dividend even as Profit Slashed
Murphy Oil increased its quarterly cash dividend by eight percent, even as fourth-quarter earnings took a hit from lower production and prices.
2024 Sees $105B in USA Upstream Deals, EIR Reveals
Enverus Intelligence Research revealed that 2024 'closed with $105 billion in U.S. upstream deals'.
Valero Sees Q4 Profit Plunge on Weaker Refining Margins
Valero reported $207 million in adjusted net profit for the fourth quarter of 2024, down from $1.21 billion for the same three-month period 2023 as refining margins fell.
Chevron Lifts Dividend After Profit Disappoints on Oil Slump
Chevron Corp. raised dividends by five percent even as profit underperformed expectations.
Exxon's Rising Production Drives Earnings Beat Despite Oil Slide
Adjusted fourth-quarter earnings of $1.67 a share exceeded the consensus forecast by 12 cents.
Energean Boosts 2024 Production
The company's development and production capital expenditure is projected to be between $400 million and $430 million.
MODEC, TOYO Get Approval in Principle from ABS for Blue Ammonia FPSO
Ship classification organization ABS granted approval in principle for an FPSO vessel for blue ammonia designed by Japanese firms MODEC and TOYO.
Baker Hughes Announces Major Gas Tech Orders for Venture Global LNG
'As power demand surges, LNG has a critical role to play in providing a reliable, flexible fuel source that can be quickly scaled to meet rising demand', Baker Hughes Chairman and CEO Lorenzo Simonelli said.
EU Commission Set to Award $1.3B Grants for Cross-Border Energy Projects
The European Commission plans to award about $1.3 billion in grants to 41 cross-border energy infrastructure projects, mostly in the study stage.
MTR Carbon Capture Bags Contract from TSMC
MTR Carbon Capture will install its Polaris membrane carbon capture system at TSMC's Taichung Zero-Waste Manufacturing Center.
UK Sets Goal to Cut CO2 Emissions by 81 Percent by 2035
The UK submitted a plan to the UN to cut its CO2 emissions by at least 81 percent by 2035.
