Industry News

'The proceeds will be used to finance network investments in Iberdrola's core markets, as well as to refinance selected renewable energy projects'.

Type One Energy named Bernard Looney, who resigned as BP chief executive in 2023 as he admitted failing to sufficiently disclose personal relationships with colleagues, to its board of directors.

The platform 'will help strengthen energy connectivity between the United States and the Indo-Pacific region, including expanded access to U.S. LNG and related energy exports'.

Iran would be allowed to start oil exports immediately under an interim deal with the U.S. and gain access to a $300 billion economic development program following negotiations for a permanent peace meant to address Tehran's nuclear activities.

Oil fell for a fourth straight session as a US-Iran deal to reopen the Strait of Hormuz improved expectations for increased crude supply.

The question for the market, now that a deal has been reached to reopen Hormuz, is whether Chinese demand for fuels like gasoline will normalize, or whether the rapid transport electrification has permanently dented consumption.

At the Group of Seven Summit, held in France, Europeans have raised a series of questions about what exactly was agreed to before committing to demining missions and patrols.

The Norwegian Union of Energy Workers is staging strikes against offshore well services companies after refusing proposals that the union sees as years behind collective bargaining agreements in other parts of the oil and gas industry.

The U.S. Energy Information Administration raised its Henry Hub spot price forecasts for 2026 and 2027 in its latest short term energy outlook.

'Through its subsidiary Neoenergia Coelba, the company will build 54 new substations, more than 2,000 kilometers of high-voltage transmission lines and 42,000 kilometers of medium-voltage distribution networks'.

Chevron and Helleniq Energy have now expanded their partnership in Greece to five offshore concessions.

The Japanese integrated power company took delivery of its first cargo of LNG from the Barossa Gas Project in Australia's Northern Territory, in which it owns a minority stake.

The White House sought to make the case that its interim deal with Iran will end a global energy crisis and achieve the administration's wartime goals, even as the two adversaries diverged on what the agreement will look like.

Oil prices plunged after the US and Iran agreed to an interim deal aimed at reopening the Strait of Hormuz.

Petroleos Mexicanos' Juan Carlos Carpio is expected to visit Brazil this month as the company explores a deal with Petroleo Brasileiro to explore for oil in the Gulf of Mexico, Petrobras' boss said.

Venture Global and Atlantic-See LNG Trade amended their agreement to allow the delivery of 1 million metric tons per annum of United States liquefied natural gas to Greece.

Petronas said it continues to expand participation by state governments in the development of Malaysia's oil and gas resources.

Recently completed appraisal wells, which hold preliminary estimates of 20-30 million barrels of oil equivalent, form the basis to further extend the productive life of Norway's biggest oilfield beyond the ongoing phase 3.

The Australian company said it was not in discussions with ExxonMobil over a potential takeover, while an analyst said any deal would likely face regulatory hurdles if it came to fruition.

The investment will support the development of 5.9 gigawatts of floating facilities in which Japanese companies own a stake.