Industry News

Naftogaz, Orlen to Expand Energy Partnership

Industry News - Mon, 2025-06-02 04:55
'The parties will seek to increase natural gas deliveries via Poland to Ukraine and to advance joint projects in oil and gas extraction'.

OPEC+ Countries to 'Implement Production Adjustment' of 411K Bpd in July

Industry News - Mon, 2025-06-02 04:42
'The gradual increases may be paused or reversed subject to evolving market conditions', a statement posted on OPEC's website noted.

TotalEnergies Exits Bonga Field in Nigeria

Industry News - Mon, 2025-06-02 03:31
TotalEnergies signed a deal to sell its 12.5 percent stake in Nigeria's OML118, which contains the producing Bonga field, to Shell for $510 million.

Mento Partners Start Gas Production at Trinidad Field

Industry News - Mon, 2025-06-02 02:31
BP has now started up two projects in Trinidad and Tobago this year.

OEG Inks Logistics Equipment Supply Deal with Oil Major

Industry News - Mon, 2025-06-02 01:29
'This alliance reflects the growing momentum towards a regionally integrated ASEAN Power Grid'.

Norway Takes Drone Inspections of Offshore Oil Platform to New Level

Industry News - Mon, 2025-06-02 01:21
From a control room in Norway's oil capital of Stavanger, pilots are performing drone inspections of the Edvard Grieg platform some 180 kilometers out at sea.

NFE Acknowledges Breach of Nasdaq Listing Rule

Industry News - Sun, 2025-06-01 06:00
The company said it is working to submit its Form 10-Q at the earliest.

Centrica Expands to New York With Build-Out of Gas Trading Unit

Industry News - Sat, 2025-05-31 07:00
Centrica Plc is opening a trading office in New York.

Taiwan Will Send Delegation to Alaska LNG Talks Next Week

Industry News - Fri, 2025-05-30 15:00
Taiwan will send a delegation to a summit in Alaska.

Oil Dips After US-China Trade Tensions Flare

Industry News - Fri, 2025-05-30 14:35
Oil slipped slightly after volatile trading sparked by conflicting messages from Trump about trade talks with China.

USA Crude Oil Inventories Decrease Week on Week

Industry News - Fri, 2025-05-30 09:33
The EIA's latest weekly petroleum status report showed that crude oil stocks, not including the SPR, stood at 440.4 million barrels on May 23.

Avangrid Launches $41MM Projects to Upgrade Ithaca, NY Grid

Industry News - Fri, 2025-05-30 09:30
Avangrid announced five projects with a total investment of $41 million to install additional capacity and improve the reliability of the power grid in Ithaca, New York.

OPEC+ Mulls Even Larger Oil Output Hike as It Seeks Market Share

Industry News - Fri, 2025-05-30 09:10
Eight key members of the Organization of the Petroleum Exporting Countries and its partners, led by Saudi Arabia, are due to hold a video conference on Saturday to discuss output policy.

JP Morgan Highlights Memorial Day Travel Effect on Global Oil Demand

Industry News - Fri, 2025-05-30 06:51
'Global oil demand increased over the past week', analysts at J.P. Morgan said.

Baker Hughes Bags Data Center Gas Turbine Deal

Industry News - Fri, 2025-05-30 04:15
Baker Hughes announced an award from Frontier Infrastructure Holdings.

Eni Eyes Biofuel Feedstock Production in Ivory Coast

Industry News - Fri, 2025-05-30 02:51
Eni and the Ivorian agriculture ministry signed an MOU that aims 'to enhance the rubber (hevea) supply chain and to assess the introduction of oilseed crops on marginal and degraded lands'.

OMV to Build Major Green Hydrogen Plant in Lower Austria

Industry News - Fri, 2025-05-30 02:04
With a capacity of 23,000 metric tons a year, it would be the biggest European electrolytic facility to produce renewable hydrogen.

OKEA Discovers More Oil in Brage Field in Norwegian North Sea

Industry News - Fri, 2025-05-30 01:56
OKEA made a discovery that is estimated to hold 300,000 to 2.8 million barrels of recoverable oil equivalent along the eastern flank of the already producing Brage field.

Eni to Develop Three PV Plants for Marelli

Industry News - Fri, 2025-05-30 01:44
The facilities will be located at Marelli's production sites in Melfi (Potenza), Sulmona (L'Aquila), and Turin, with a total capacity of 5.4 MWp.

Egypt Considers Securing Another LNG Vessel as Import Needs Jump

Industry News - Fri, 2025-05-30 01:36
Egypt was exporting gas just a year ago but is now rushing to lock in supplies to cover domestic demand.

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