Industry News

Finland Police Investigating Oil Tanker Involvement in Power Cable Rupture

Industry News - Fri, 2024-12-27 05:27
'The repair work is estimated to take several months', Fingrid said.

OGDCL Brings Kunnar West Well-3 into Production

Industry News - Fri, 2024-12-27 03:07
The current production levels are 3.5 MMscfd, 30 bpd of condensate, and 3.8 metric tons per day of LPG.

Vermilion to Buy Deep Basin Player Westbrick for $746 Million

Industry News - Fri, 2024-12-27 00:54
Vermilion signed a deal to take over Westbrick, which owns producing and non-producing assets in Canada's Deep Basin, via a $746.04 million stock purchase.

UK Inks First Hydrogen Production Contracts

Industry News - Fri, 2024-12-27 00:43
'The Cromarty, Whitelee and West Wales projects represent first-of-a-kind hydrogen contracts in Great Britain and once operational, will have a combined capacity of 31.8MW'.

Turkey Eyes Role in Reviving Syrian Oil and Gas Production

Industry News - Fri, 2024-12-27 00:32
Turkish authorities are also working on ways to meet Syria's electricity needs after more than a decade of conflict damaged the country's infrastructure.

Crude Edges Lower as Unemployment Claims Rise

Industry News - Thu, 2024-12-26 14:58
Oil prices edged lower on Thursday due to a combination of soft US jobs data, a decline in natural gas futures, and thin holiday trading.

Seatrium Scores Kaskida FPU EPC Work from BP

Industry News - Thu, 2024-12-26 08:30
Seatrium has been contracted by BP to deliver EPC work for the Kaskida FPU project in the U.S. Gulf of Mexico.

Biden Administration Approves 11th Offshore Wind Project

Industry News - Thu, 2024-12-26 08:20
The DOI approved the 2.4-GW SouthCoast Wind Project, raising the total capacity of federally approved offshore wind power projects to over 19 GW.

FERC Approves ALLETE Privatization under $6.2B Deal with CPP, GIP

Industry News - Thu, 2024-12-26 06:32
A partnership between Canada Pension Plan and Global Infrastructure Partners will acquire the publicly issued shares of Minnesota-based power utility ALLETE for $67 a unit.

TotalEnergies to Offer Oil Products to Panama

Industry News - Thu, 2024-12-26 06:00
The collaboration will make TotalEnergies' products available at Terpel's network of 192 service stations across the country.

Privatization Bid of Oilfield Services Firm STEP Fails

Industry News - Thu, 2024-12-26 05:41
STEP and investor ARC Energy Fund 8 mutually terminated a deal under which the private equity fund would buy STEP's publicly issued shares.

Russia Ready to Send Gas to Europe via Several Routes, Novak Says

Industry News - Thu, 2024-12-26 05:32
'We are ready to continue supplying gas not only via the existing link'.

Sanctioned Russian LNG Ship Returns Home after Failed Quest for Buyer

Industry News - Thu, 2024-12-26 05:26
A vessel carrying a sanctioned shipment of Russian LNG appears to be offloading the fuel into storage in the nation's far east, having failed to find a buyer willing to circumvent US restrictions despite a four-month, across-the-world journey.

Petrobras Puts into Operation Emissions Reduction Unit at RNEST

Industry News - Thu, 2024-12-26 02:40
The new unit will allow the refinery to increase its current processing by 27,000 bpd.

Iraq Aims to Cut Gas Flaring to 20 Pct Next Year to Reduce Imports

Industry News - Thu, 2024-12-26 02:10
By the end of next year, Iraq plans to add projects that will use 290 million cubic feet a day of gas produced from oil fields in the south.

Equinor Raises Stake in Orsted to 10 Percent

Industry News - Thu, 2024-12-26 02:01
Equinor increased its shareholding in renewables developer Orsted from 9.8 percent to 10 percent.

LandBridge Completes Delaware Basin Acquisition from VTX Energy

Industry News - Wed, 2024-12-25 07:41
The Wolf Bone Ranch 'strategically expands LandBridge's position in Reeves and Pecos Counties, Texas, an important region for both oil and natural gas production, and provides access to the Waha Gas market hub'.

Petro-Victory Eyes Acquisition of Oil Fields in Brazil's Potiguar Basin

Industry News - Wed, 2024-12-25 06:00
The fields are located in two producing assets: the Porto Carao Cluster and the Barrinha Cluster.

US DOE, EPA Set to Award $850 Million to Methane Reduction Projects

Industry News - Wed, 2024-12-25 04:16
The DOE and EPA selected 43 methane reduction projects for potential funding totaling about $850 million.

Iberdrola Assumes Full Ownership of Avangrid in Privatization Move

Industry News - Wed, 2024-12-25 04:09
Spain's Iberdrola acquired the remaining 18.4 percent shares of its U.S. subsidiary Avangrid Inc. that it did not already own, assuming full ownership of the renewable power producer.

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