Industry News

The gas and water utility reported $184.7 million in quarterly net income.

The company said that the acquisition adds stable annual production of 50,000 barrels per day (boepd).

The overall profitability of oil and oil products decreased in 2024, a McKinsey report on commodity trading stated.

EOG and Bapco Energies will 'evaluate a promising gas exploration prospect in the kingdom'.

The Greenlight Electricity Centre (GLEC) is a proposed multi-phase gas-fired combined cycle power generation facility of up to 1,800 megawatts.

'This gradual increase may be paused or reversed subject to market conditions', a statement posted on OPEC's site noted.

The new BioNorrois plant, located in Fontaine-le-Dun, will produce 153 gigawatt-hours (GWh) of biomethane per year.

Norway is providing Ukraine about $402.08 million in financial support to help it procure natural gas and ensure nuclear safety.

The U.S.' share of the world's LNG trade is regaining momentum at a pace that could reach two times the consumption of Japan and South Korea combined by 2035, Shell projects.

OMV and ADNOC agreed on the key terms of the potential consolidation of their polyolefin businesses and the subsequent acquisition of NOVA Chemicals under the new JV.

Aramco cut the world's biggest dividend in a blow for Saudi Arabia's widening budget deficit, as the company seeks to relieve the stress on its own finances.

A fire broke out at Rosneft PJSC's Ufa refinery in the Russian republic of Bashkortostan early Monday.

Oil prices plunged after OPEC+ unexpectedly restarted halted production, intensifying global crude surplus concerns.

North America added five rigs week on week, according to Baker Hughes' latest North America rotary rig count.

However, the merger is facing an extended review in Norway for potential harm to competition.

The US DOE withdrew a blanket order that extended LNG export regulations to ship-to-ship transfers of LNG for use as marine fuel.

Starting Jan. 1, 2026, the minimum 5 percent renewable-fuel requirement for gasoline must be met with eligible renewable fuels produced in Canada.

The U.S. State Department called the threat by Venezuela unacceptable.

'This agreement with Osaka Gas reinforces our long-standing energy partnership with Japan and supports our strategy to expand our global LNG footprint,' Rashid Khalfan Al Mazrouei, ADNOC Senior Vice President, Marketing, said.

Karoon said it intends to contract a new operations and management contractor to operate and maintain the FPSO.