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.
4,000 MW to Come Online in Philippines in 2024: Government
The government is expecting the completion and commercial operation of 1,984.775 MW of solar projects, with 966.294 MW expected to come online by June.
USA Crude Oil Stocks Jump More Than 7MM Barrels WoW
Crude oil stocks in the U.S., not including the SPR, stood at 460.9 million barrels on April 26, the EIA revealed.
Seven Projects in Four EU States Get $771.6MM in Hydrogen Subsidy
Seven projects across Finland, Norway, Portugal and Spain are set to receive a total of $771.6 million in the inaugural award of the European Hydrogen Bank.
France Increases State Funding for Advanced Nuclear R&D Project
France received clearance from the European Commission to provide EDF a further $321.6 million for the front-end design phase of a project to develop small modular nuclear reactors.
Pushback against Chinese Green Tech Risks Stalling Transition: China Envoy
'We need to maintain low costs, otherwise nobody is going to be able to afford the energy transition'.
