1PointFive Bags $500MM in Funding from OCED
The OCED is funding the development of the South Texas Direct Air Capture (DAC) Hub.
Pertamina, Vale Team Up for HVO in Indonesia
'These solutions include the provision of cleaner fuel, along with efficient logistical and infrastructure support, ensuring optimal and sustainable business operations'.
Baker Hughes Launches New Digital CCUS Solution
Baker Hughes outlined that the solution delivers precise, real-time data and alerts on carbon dioxide (CO2) flows across CCUS infrastructure.
Saipem Scores $4B EPC Contract from QatarEnergy LNG
The contract is for the combined COMP3A and COMP3B of the North Field Production Sustainability Offshore Compression Program.
AI Boom Is Driving a Surprise Resurgence of USA Gas-Fired Power
Energy companies in the U.S. are planning new natural gas-fired power generation at the fastest pace in years.
USA EIA Cuts Brent Oil Price Forecast
The U.S. Energy Information Administration reduced its Brent spot price forecast for 2024 and 2025 in its latest short term energy outlook.
Germany Set to Exceed Goal of 80 Pct Renewable Power by 2030: Rystad Energy
'Although there has been some short-term pain, the long-term gains appear all but secured'.
Petroineos Confirms Intention to Cease Refinery Operations at Grangemouth
Grangemouth Refinery is one of the six remaining refineries in the UK and the only refinery in Scotland.
Petroperu Secures Debt Rescue Package from Government
This is the second rescue package this year for Petroperu, which has been dragging down the country's finances.
Aramco Inks Agreements Expanding AI Deployment across Its Operations
'.New digital technologies such as Generative AI and the Industrial Internet of Things are expected to transform not only how we work but also our commercial environment'.
Perma-Pipe Swings Back to Profit for Second Quarter
Perma-Pipe saw higher sales volumes and better margins.
Conrad Asia Energy Stays in the Red
Conrad, a gas exploration and production company focused on Indonesia, reported $3.5 million in comprehensive loss for the first half of 2024.
Eni Integrates Energy Businesses in New Structure
The company aims to complete the integration of its upstream, midstream, power, and trading businesses 'to capture margins across the value chain'.
The Hague Becomes World's First City to Ban Oil Ads
The Dutch city became the first in the world to ban ads promoting fossil fuel products and carbon-intensive services including cruise ships and air travel.
Oil Slips as Gulf Production Resumes After Storm Francine
Oil prices slipped as producers resumed operations post-Storm Francine, but futures still posted a weekly gain, the first in a month, driven by risk-on sentiment and reduced bearish positions.
Libyan Oil Exports Drop Further as UN Fails to End Bank Impasse
Libya's crude exports continued to slump as UN-led talks failed to break an impasse over control of the country's central bank that has spilled over into its oil industry.
Viper Energy to Acquire Assets from Tumbleweed
The acquisition price is $461.0 million of cash and approximately 10.1 million OpCo units.
BlackRock Buys Stake in Saudi Bahrain Pipeline from Bapco Energies
SBPC owns a portion of the 69.6-mile (112-kilometer) pipeline supplying crude oil from Saudi Aramco to Bapco Refining, the national refinery of Bahrain.
Petrobras, Steelmaker Gerdau Eye Decarbonization Cooperation
The two companies agreed to explore potential partnerships aligned with their diversification and decarbonization strategies.
