Industry News

Saudi Oil Export Revenue Slumps to Lowest in Over 3 Years

Industry News - Thu, 2024-10-24 08:28
The Saudi economy is still largely dependent on oil income for growth.

Singapore Conditionally Approves Project to Import Power from Australia

Industry News - Thu, 2024-10-24 07:29
SunCable obtained conditional approval from Singapore for a project to import renewable energy-sourced electricity from Australia's Northern Territory via a subsea cable running through Indonesia.

Macquarie Strategists Look at Latest EIA Petroleum Status Report

Industry News - Thu, 2024-10-24 05:26
'This week, the EIA reported builds in commercial crude,' the strategists highlighted.

Norway Logs 30.9 Percent Sequential Fall in Monthly Gas Production

Industry News - Thu, 2024-10-24 03:57
Norway produced 8.5 Bcfd and sold 254.3 Bcf of natural gas in September.

Energy Skills Passport Will be Launched in January

Industry News - Thu, 2024-10-24 03:19
'Collaboration is key to unlocking the full potential of the UK's offshore energy sector,' industry body OEUK said.

Dominion Energy Gets $2.6B from Sale of Virginia Offshore Wind Stake

Industry News - Thu, 2024-10-24 02:28
Dominion Energy closed the sale of a 50 percent non-controlling interest in the Coastal Virginia Offshore Wind project to Stonepeak.

Tourmaline Oil, Clean Energy Open Two More CNG Stations in Canada

Industry News - Thu, 2024-10-24 01:30
The companies said two new locations help build Western Canada's first commercial-grade public CNG fueling network.

Transocean, Seadrill Mull Merger as Offshore Downturn Eases

Industry News - Thu, 2024-10-24 01:30
Transocean is in talks to merge with rival offshore drilling contractor Seadrill, according to people familiar with the matter, just as oil explorers around the world are returning to the sea.

JPMorgan Eyes Physical LNG Trading After Dimon Hails Boon

Industry News - Wed, 2024-10-23 16:00
JPMorgan Chase & Co. is in talks to start trading physical liquefied natural gas again after more than a decade on the sidelines.

Oil Falls on U.S. Inventory Build

Industry News - Wed, 2024-10-23 14:46
Oil prices dropped as U.S. crude stockpiles surged, while geopolitical risks limited further declines.

US DOE Offers Additional $2 Billion for Grid Expansion, Upgrades

Industry News - Wed, 2024-10-23 10:32
The DOE has now announced a total of $7.6 billion under the $10.5 billion Grid Resilience and Innovation Partnerships program.

API Says It Welcomes Court Decision Averting Gulf of Mexico Shutdown

Industry News - Wed, 2024-10-23 10:31
'We welcome the court's pragmatic decision,' API Senior Vice President and General Counsel Ryan Meyers said.

Taiwan Military Warns on LNG Vulnerability After PLA Drills

Industry News - Wed, 2024-10-23 09:00
'It's undeniable that the imports of LNG are our weakest link'.

Evergy to Add 705 MW of Power Generation Capacity in Kansas

Industry News - Wed, 2024-10-23 07:30
Evergy is investing in two new 705-megawatt (MW) combined-cycle natural gas plants in Kansas.

Imperial to Cheapen Fuel for NWT Town under State of Emergency over Prices

Industry News - Wed, 2024-10-23 07:07
Imperial agreed to slash the air transport cost of fuel flown to Norman Wells, Northwestern Territories, after the town declared a state of emergency over high fuel prices.

Analyst Expects Politics to Play Significant Oil Price Role

Industry News - Wed, 2024-10-23 06:21
'Both Donald Trump and Kamala Harris are seeking to present different strategies regarding energy', the analyst highlighted.

NNPC to Build 100 MMcfd Gas Distribution Center in North Central Nigeria

Industry News - Wed, 2024-10-23 05:27
'The gas facility (city-gate) will enable natural gas supply to various domestic LNG facilities, CNG compression and other facilities requiring gas in the Ajaokuta area'.

Regulator Reveals Latest UK Oil, Gas Reserves Estimate

Industry News - Wed, 2024-10-23 04:12
The North Sea Transition Authority (NSTA) has revealed its latest UK oil and gas reserves estimate.

Equinor Switches Off Sleipner Production Platform after Detecting Smoke

Industry News - Wed, 2024-10-23 02:35
'The reduction in gas exports resulting from this incident will not have any consequences for the commitments that we have made to our customers'.

Strike Energy Reports 'Excellent Results' for Erregulla Deep-1 well

Industry News - Wed, 2024-10-23 01:45
'The test has confirmed that ED-1 is one of the best wells ever drilled in the Perth Basin with extremely high deliverability and low impurity'.

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