Industry News

Dryad Global warned that a potential oil spill in the Red Sea could have catastrophic environmental impacts.

Oil refiners are struggling with too much capacity relative to demand.

UK union Unite announced that its offshore catering members have accepted an above inflation pay offer from the Catering Offshore Trade Association.

NW Natural Holdings appointed a former finance vice president at an Exelon company to its board of directors.

Chevron and its partners in the Aphrodite gas field intend to submit a development plan that honors the original terms approved by Nicosia.

Between 2016 and 2024, only three of Canada's largest banks, insurance providers, investment firms and pension boards hit a 2030 IEA target of having RE account for 71 percent of power-sector investment, the watchdog said.

Exxon Mobil Corp. forecasts global oil demand in 2050 will be the same, or even slightly higher, than current levels.

Oil fell as technical measures signaled a three-day rally driven by the threat of a halt to Libyan supplies was overdone.

'KALiNA's low-CO2 [carbon dioxide] emissions power projects are perfectly placed to meet this demand'.

The DOE will provide $66 million from the Energy Efficiency Revolving Loan Fund Capitalization Grant Program to 17 states and territories to support energy efficiency initiatives.

Mazen Salhab, MENA Chief Market Strategist at BDSwiss, outlined that oil prices dipped today after a recent rally.

Woodside is maintaining its 2024 production projection of 185–195 MMboe, despite reporting lower first-half revenues amid a fall in output and prices.

Mexico's President-elect Claudia Sheinbaum appointed energy economist Victor Rodriguez Padilla to lead state-owned oil driller and refiner Petroleos Mexicanos.

'No commercial oil or gas discovery has been made'.

Under the agreement, Amigo LNG will supply 3.6 million metric tons per annum (mtpa) of LNG to E&H for the Malaysian market over 20 years.

Straits Hibiscus Sdn Bhd has signed an agreement to acquire a 30 percent participating interest (PI) in the PSC through a farm-in arrangement with Petronas Carigali Sdn Bhd.

BMI, a unit of Fitch Solutions, revealed its latest NYMEX RBOB Gasoline Futures price projections.

The company aims to capitalize on the growing district heating and cooling market and potential opportunities in the oil and gas industry in Qatar.

Chevron received a greenhouse gas assessment permit to study the potential for CCS offshore Onslow, Western Australia.

North America's total rig count now stands at 804, according to Baker Hughes.