Industry News

TechnipFMC Bags Job at NEP CCS Projects

Industry News - Wed, 2024-03-20 01:30
TechnipFMC will deliver the first all-electric integrated project by NEP with the CCS contract.

ConocoPhillips CEO Calls for USA to End LNG Permit Pause in November

Industry News - Tue, 2024-03-19 16:00
Companies are seeking to build more U.S. Gulf Coast LNG export terminals as the western world tries to wean itself off Russian gas.

Oil Rises on Tightening Supplies

Industry News - Tue, 2024-03-19 14:41
Tightening oil supplies pushed West Texas Intermediate above $83 a barrel, extending a rally that has propelled prices to the highest since October.

AT&T Agrees to Buy CDR Credits from Stratos Project

Industry News - Tue, 2024-03-19 14:30
The telecom giant agreed to buy emission offsets from the Texas project by 1PointFive.

US DOE Plans $5MM in Grants for Energy Upgrades at Small Factories

Industry News - Tue, 2024-03-19 12:30
Thirty-seven small- and medium-sized manufacturers are set to receive aid to implement improvements that will save energy and reduce carbon pollution at their facilities.

Two Million Acres Allotted for Offshore Wind Energy in Gulf of Maine

Industry News - Tue, 2024-03-19 12:00
The U.S. BOEM finalized a wind energy area in the Gulf of Maine covering about 2.0 million acres and offering a potential 32 GW of power.

Chinese Mega Company Makes Another Major Oilfield Discovery

Industry News - Tue, 2024-03-19 10:17
The company announced that it has made a 'major' oilfield discovery in the Bohai Sea.

India Buying More USA Oil as Sanctions Stifle Russian Flows

Industry News - Tue, 2024-03-19 09:00
Indian oil refiners are on track to take the most American crude in almost a year.

EIA Boosts USA Crude Oil Production Forecasts

Industry News - Tue, 2024-03-19 07:09
The EIA increased its forecasts for U.S. crude oil production for both 2024 and 2025 in its latest short term energy outlook.

TotalEnergies to Acquire TLCS Eyeing Bayou Bend CCS Project

Industry News - Tue, 2024-03-19 07:00
TotalEnergies is acquiring Talos Low Carbon Solutions, an early-mover American company focused on CCS, from Talos Energy Inc.

Subsea7 Secures Contract to Service Woodside's Trion

Industry News - Tue, 2024-03-19 06:00
Subsea7 said that the contract is 'large', which the company defines as being between $300 million and $500 million.

Adnoc Inks Supply Deal for Ruwais LNG Project with Germany's SEFE

Industry News - Tue, 2024-03-19 06:00
The LNG agreement is contingent upon a final investment decision (FID) on the project, including regulatory approvals.

These Factors Helped Brent Oil Price Break Above $85

Industry News - Tue, 2024-03-19 05:13
The Chief Commodities Analyst at Skandinaviska Enskilda Banken AB (SEB) outlined a range of factors.

Imperial Pipeline in Winnipeg Goes Offline for Three Months

Industry News - Tue, 2024-03-19 04:38
Imperial is arranging alternative forms of fuel transport while the provincial government asked other companies to step in to ensure supply.

Gaz System to Acquire Gas Storage Poland

Industry News - Tue, 2024-03-19 04:00
Poland's natural gas transmission system operator OGP Gaz System S.A. is acquiring 100 percent of the share capital of the operator of the natural gas storage system in the country from Orlen SA.

Sinopec Engineering Posts Higher Annual Petrochemicals Revenue

Industry News - Tue, 2024-03-19 03:16
However, the state-owned energy and chemicals EPC and logistics company saw net profit land largely flat at $324.5 million as refining and coal revenues fell.

Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes

Industry News - Tue, 2024-03-19 01:45
'So that will probably take down exports by a couple of hundred thousand barrels'.

Oil Climbs to Four Month High

Industry News - Mon, 2024-03-18 15:07
Oil climbed to a four-month high as Ukrainian drone attacks on Russian refineries heightened geopolitical risks and key Chinese economic data beat estimates.

DEME Hires KENC for Multiple Offshore Wind Projects

Industry News - Mon, 2024-03-18 12:30
KENC's work will encompass engineering and fabrication of seafastening and auxiliary structures for DEME offshore wind farms.

North America Enters Rig Loss Streak

Industry News - Mon, 2024-03-18 11:07
North America dropped rigs again week on week, according to Baker Hughes.

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