Industry News

The Italian state-backed company entered into an agreement to buy a portfolio of already operational renewable energy projects totaling about 760 MW across France from Paris-based Neoen.

'Operations in all oil fields in South Sudan have returned to a normal export'.

DNO will also divest its stake of around 7.6 percent in the Ekofisk Previously Produced Fields project, part of efforts to 'high-grade' its North Sea portfolio.

Orlen said authorities had issued a decision allowing the proposed Baltic East wind project, which has a planned capacity of about one GW, to join Poland's first offshore wind auction, scheduled next month.

ExxonMobil, Chevron and ADNOC are among companies interested in Lukoil's international assets, a sale hastened by US sanctions due to kick in next month.

Oil rose as tough EU rhetoric boosted expectations for tighter sanctions on Russia.

The cost of transporting LNG across the Atlantic Ocean surged to the highest in almost two years, as expanding exports from North America boosted demand for tankers.

Venture Global said it had applied for a construction permit before FERC and export authorization before DOE for a project to add over 30 million metric tons a year of capacity to the Louisiana facility.

TotalEnergies agreed to buy a 50 percent stake in a portfolio of European power assets for about EUR 5.1 billion, expanding in the sector even as some major oil and gas peers retreat.

The Tulsa, Oklahoma-based rig operator reported $57.36 million, or $0.58 per share, in net loss for the fiscal fourth quarter (July-September).

Turkey's state energy company Turkiye Petrolleri plans to sell as much as $4 billion in Islamic debt as part of its push to expand oil and gas production, marking the firm's first such international debt offering.

'The Essington-1 well is the first discovery in the Otway since 2021 and is a promising start to ConocoPhillips' exploration activities in the region'.

ADNOC's gas processing and sales arm reported an eight percent year-on-year increase in net profit to $1.34 billion for the third quarter, driven by domestic demand.

Oil ticked lower as Russian port activity resumed despite wider geopolitical tensions.

Luis Canales Galvez was named chairman and president and the board of directors was overhauled.

New Era reported over $4.2 million in losses from operations for the third quarter as it winds down assets toward becoming an integrated power and digital infrastructure company.

The project aims to add 150,000 bpd of capacity to the Canada-U.S. liquids pipeline and up to 100,000 bpd to FSP.

'The Republicans are putting in legislation that is very tough sanctioning, etcetera, on any country doing business with Russia', the U.S. president said.

Ukrainian forces carried out an attack on a major Russian Black Sea port overnight, prompting a state of emergency, as Moscow launched a widespread air strike on Kyiv that killed at least six and damaged residential buildings.

Suriname's state-owned Staatsolie declared the Sloanea-1 well in the offshore Block 52 a commercial gas discovery and said operator Petronas would now submit a development plan that includes an LNG facility.