Industry News

Sapphire Technologies aims to provide clean power solutions across Nigeria's midstream and upstream sectors.

Peru's prime minister defended the new leadership at Petroperu against criticism from business groups that said they would slow the restructuring of the heavily indebted state-owned oil company.

Oil prices rose for a third day, supported by low US gasoline stocks, but gains were capped by forecasts of a 2024 supply surplus and weak demand growth, especially in China.

Global oil markets face a surplus of more than one million barrels a day next year as Chinese demand continues to falter.

'As the oldest regulatory agency in Texas, the RRC has oil and gas records dating back to the 1930s on paper in district offices and on microfilm'.

Air Products reported $3.56 in adjusted EPS from continuing operations for its fiscal fourth quarter, up 13 percent compared to the same period a year ago as volumes and prices rose.

The cuts represent almost 20 percent of Pioneer's pre-merger staff.

The operator decided to provide a Scope 3 emissions analysis to comply with a Supreme Court ruling.

The company said it has entered into two separate definitive agreements.

Under the agreement, NuVista will supply 21,000 million British thermal units per day of natural gas to Trafigura for a period of up to thirteen years beginning January 1, 2027.

'These strategic collaborations with SLB, Velesto and NOV signify a leap forward for MPM and Malaysia's E&P sector'.

'The agreement with Royal Wagenborg marks the first deployment of a dedicated CO2 vessel for Project Greensand, a crucial component in establishing a full CO2 capture, transport, and storage value chain'.

'Without greater clarity on which policies Trump will pursue in office and who will be supporting him in enacting his agenda, it is difficult to say with any certainty what the net impact on prices will be'.

The exercise showed that existing energy security measures in the EU can effectively respond to the end of the Ukraine-Russia gas transit deal and possible 'severe' scenarios in the 2024–25 winter, according to the European Commission.

Shell Plc urged a UK court not to threaten the commercial viability of a North Sea gas field by halting its development.

Suncor achieved a record overall utilization of 105 percent and a throughput of 487,600 bpd in the third quarter.

PT Pertamina Patra Niaga agreed to deliver hydrogenated vegetable oil to PT Vale, supporting the green energy transition in the mining sector.

Burning fossil fuels like coal, oil and natural gas caused CO2 releases to rise an estimated 0.8 percent to a record 37.4 billion metric tons in 2024, the Global Carbon Budget study found.

Oil futures edged higher as traders balanced Middle East risks against an anticipated supply glut and a strong dollar.

In the last decade, the energy sector has been faced with a skills deficit on a global level, OPITO said.