Industry News

President Marcos signed legislation to establish a downstream gas industry in the Philippines by increasing the share of gas in the domestic energy mix and positioning the country as an LNG transshipment hub in the Asia-Pacific.

The U.S. Energy Information Administration revealed its latest Brent spot price forecasts in its January short term energy outlook.

The contract encompasses services including warehouse management, load carriers, waste services, and personnel leasing for logistics.

Trident Energy completed a suite of transactions involving the acquisition of Chevron's subsidiary in the Republic of the Congo and a swap with TotalEnergies covering several fields in the country.

The new restrictions 'roughly triple the number of directly sanctioned Russian crude oil tankers, enough to affect around 900,000 barrels per day', analysts at Standard Chartered highlighted.

Perma-Pipe has been contracted to provide thermal insulation, anti-corrosion coatings, and other services from its Abu Dhabi facility.

Russia claimed it damaged ground infrastructure of one of the largest natural gas storage sites in Ukraine's Lviv region during a series of attacks on the country's energy sector.

Shares in Civitas were up about 0.9 percent at 9.43am in New York.

Oil prices climbed above $80 per barrel, driven by tightening US inventories, sanctions disrupting Russian crude flows, and a revised global surplus forecast.

'We continue to actively monitor the California wildfires and will work with our customers on any potential impacts', Kinder Morgan noted in a media statement sent to Rigzone.

An inter-agency study found that federal lands in the contiguous U.S. could further support hundreds more gigawatts of RE generation even when assuming limited siting.

Evers will become North America Lubes General Manager for ExxonMobil effective March.

'The security of our nation begins with energy'.

The expansion involves a third ethylene cracker with a planned capacity of 1.6 MMtpa and a new facility to produce 320,000 metric tons a year of high-performance specialty chemicals.

The company was given a penalty for venting without consent at the Buzzard field, 60 miles northeast of Aberdeen in Scotland.

The EIA's next weekly petroleum status report is scheduled to be released later today.

Nigeria's upstream regulator is aiming for an oil production of at least 2.1 million barrels a day for 2025.

'The caliber of entries this year has been truly outstanding', said Graham Dallas, Chair of the Offshore Achievement Awards Committee.

Norway's Energy Ministry awarded 53 hydrocarbon production leases on the country's continental shelf under last year's licensing round.

The partnership leverages Hypervolt EV chargers to support the grid at times when it is facing challenges maintaining the required frequency.