Industry News

Oil advanced after Libya's eastern government said it will halt exports, building on tensions in the Middle East after Israeli strikes on Hezbollah targets in southern Lebanon raised concerns of a broader conflict.

'We have activated our preplanned response plan and are working internally, and with leading external experts, to remediate the issue'.

Libya's eastern government said it will shut down crude output and exports.

'It is not surprising that we are getting an oversold bounce here'.

The DOE selected 14 state and territorial weatherization offices for potential awards of $53.6 million in Sustainable Energy Resources for Consumers grants.

A sanctioned liquefied natural gas tanker appears to be transferring its Russian cargo to another ship in the Mediterranean Sea.

The Center for European Policy Analysis recently held an exclusive press briefing, which Rigzone was invited to.

The collaboration aims to create portable hydrogen fuel-cell systems for various applications, including remote power generation, emergency backup power, and mobile hydrogen fueling stations.

EverGen increased its revenue 96 percent year-on-year on strong RNG production.

The Johan Castberg field is located approximately 62.1 miles (100 kilometers) north of the Snohvit field in the Barents Sea.

Enabled by APK's technology, the acquisition positions LYB to grow and upgrade its Circular and Low Carbon Solutions (CLCS) business.

OMV encountered estimated recoverable volumes of 30–140 MMboe.

'LEC is a one-of-a-kind operator with the equipment, personnel and expertise to offer turnkey drilling and workover solutions'.

New Zealand's government unveiled a raft of reforms in the energy and electricity sector as it responds to a surge in wholesale power costs that has seen some large manufacturers review their future.

'It is a win for Oando, and every indigenous energy player, as we take our destiny in our hands, and play a pivotal role in this next phase of the nation's upstream evolution'.

The Alberta Energy Regulator is imposing two key projects on Imperial as well as an administrative penalty of CAD 50,000.

The LPG shipper reported $85 million in net profit after tax.

Senegal became an oil producer earlier this year.

Germany is likely to extend its trusteeship over the local subsidiaries of Russia's state energy giant Rosneft PJSC for a fourth time.

Oil extended gains alongside risk assets after Federal Reserve Chair Jerome Powell said the time has come to cut interest rates, but the commodity still declined for the week amid a soft economic outlook in major economies.