Canadian Natural Boosts Q1 Production YOY
'Crude oil price forecasts have strengthened for the remainder of 2024'.
Microsoft and Brookfield Sign Renewable Energy Framework Deal
'This first of its kind agreement,' Connor Teskey, the CEO of Brookfield Renewable and President of Brookfield Asset Management, said.
Gazprom Group Reports First Net Loss in 24 Years
Russia's state-controlled gas giant reported its first annual net loss since 1999.
Longboat Energy Makes a Switch at the Helm
Independent oil and gas company Longboat Energy has made a change at the helm.
AIQ Acquires Stake in AI Firm in Partnership with Adnoc
The transaction will combine AIQ's breakthrough AI energy solutions with Presight's cross-sector big data analytics, product development, and international market access.
Wood Bags Decarbonization Contract from TotalEnergies
The 23-month contract follows Wood's successful completion of a field study and front-end engineering design.
LNG Prices Seem to Have Stabilized
LNG prices this week seem to have stabilized, Rystad Energy Senior Analyst Lu Ming Pang said.
World's Most Important Oil Price Transformed by Adding USA Crude
The world's most important oil price is working better than ever thanks to an infusion of crude from west Texas.
Sabic's Profit Drops 63 Percent for First Quarter
The company said its EBITDA margin 'improved significantly supported by higher product margins and optimized costs'.
Analysts Warn Next 2 Months Are Critical for Oil Fundamentals
May and June are critical for oil fundamentals, analysts at Standard Chartered Bank said.
HSBC Asked by $890B Investor Group to Set Energy Goal
A group of HSBC Holdings Plc investors wants the bank to set a funding target for renewable energy.
Exxon to Close Pioneer Deal as FTC Forces Out Sheffield
The US Federal Trade Commission declined to challenge Exxon Mobil Corp.'s $60 billion purchase of Pioneer Natural Resources Co.
Oil Shows Minimal Change After Swinging in Narrow Range
Oil settled little changed after swinging in a narrow range throughout the session, with a buildup in US stockpiles and a potential cease-fire in the Middle East suppressing a rebound from yesterday's sharp losses.
ExxonMobil Partners with ASTAR, NTU Singapore for Low-Carbon Solutions Lab
The lab will focus on converting biomass to fuels with lower greenhouse gas emissions, as well as on carbon capture and utilization using by-product industrial brines.
NOG Beats Estimates on Strong Permian Production
NOG's first-quarter production was 119,436 barrels of oil equivalent per day (boepd), an increase of 37 percent from the first quarter of 2023.
API Has Its Say on NEPA Phase II Final Rule
'This final rulemaking is the opposite of what is needed to create a durable and predictable permitting review process to unleash energy investment in America,' the API said.
Norway Receives 8 Applications for Carbon Storage on NCS
'Norway is at the forefront of efforts to promote commercial CO2 storage'.
Oil Watchers Expect OPEC+ to Extend Supply Cuts Into H2
OPEC+ is expected to prolong oil output cuts into the second half of the year.
Electrification, Crypto Could Threaten West Texas Grid in Future
'We see Far West Texas power demand more than doubling by 2040 due to electrification trends and cryptocurrency mining growth,' EIR warned.
DOF Scores Service Contracts from Petrobras
The two contracts will generate revenue of over $192 million.
