US Energy Department restores funds to carbon removal projects
According to a list of major projects that the Department of Energy sent to Congress earlier this week, the funding will be retained for?carbon direct-air capture? awarded during the Biden administration.
Baker Hughes reports that US drillers have cut back on oil and gas drilling for the second consecutive week.
Baker Hughes, an energy services firm, said that U.S. firms have cut the number of oil and gas rigs for the second week in a row for the first time since march. The number of oil and gas drilling rigs…
Australia lifts fuel restrictions following fire at its largest refinery
The Australian Prime Minister Anthony Albanese stated 'on Friday that a fire in 'the larger of Australia's two oil refineries would not trigger any fuel restriction, as the…
Eni shareholders urged to reject pay increase for CEO by proxy firm
Influential proxy advisor ISS has urged investors to vote against a proposal by Italian energy company Eni to increase its chief executive's salary for 2026. The move was called "excessive".
Source: Trump's energy leaders will hold a call with CEOs about the Iran war
The U.S. The Interior and Energy Departments are holding a conference call on Thursday to discuss the 'potential' of energy companies such as Exxon & Chevron in boosting oil and gas production.
Reeves, UK's Reeves, says borrowing and higher taxes are not good for additional defence spending
Rachel Reeves, the British finance minister, said that she did not support tax increases or increased borrowing in order to pay for an increase in defence spending. This has…
Congo creates strategic reserve of cobalt to influence supply and price, regulator says
The national minerals regulator announced on Thursday that the Democratic Republic of Congo had?established a strategy reserve for cobalt?and?othercritical minerals?. This would…
Maurel & Prom sales in the first quarter more than doubled due to rising oil prices
Maurel & Prom, a French 'oil group, reported that its first-quarter revenue more than doubled from $64?million to $163 million, a rise of 41% in the average price per barrel for each quarter…
Equinor: trading profits to top guidance partly due to Iran war windfall
The Norwegian oil and gas company Equinor said that its downstream division, which includes trading in energy, will report stronger results for the first quarter of this year.
TotalEnergies reports strong Q1 sales despite war-related output losses
PARIS, 16 April - TotalEnergies expects to see a significant rise in earnings in the first quarter due to a strong trading performance, and also in its upstream production?and oil sales…
US Judge rejects Trump Administration bid to block Hawaii Climate Lawsuit
A federal judge dismissed on Wednesday a lawsuit filed by the Trump administration to stop Hawaii from filing a climate change lawsuit in state court against fossil fuel companies.
European buyers discuss shipping Canadian LNG through the Panama Canal as a diversification of supply
Two sources with knowledge of the situation said that European 'buyers', including Germany's Uniper are looking into the possibility of buying liquefied gas from Canada on the Pacific coast…
European buyers discuss shipping Canadian LNG through the Panama Canal as a diversification of supply
Two sources said that European buyers, such as Germany's Uniper are exploring the possibility of buying liquefied gas from Canada on the Pacific coast, and shipping it via the Panama Canal…
Edison: Qatar gas force majeure may be extended, but US LNG will fill the gap
The Italian importer Edison stated on Wednesday that Qatar may extend the force majeure period on gas supply?past mid-June. They also predicted that U.S. gas would be used to fill in the 'gap instead of Russian gas.
CEO of Energean Energy hopes to make a major discovery in the western Greek waters
Energean, an oil and gas producer in Greece, will be aiming for a large discovery of hydrocarbons near western Greece. The first test drilling could begin as early as next year.
Bank of America exceeded profit expectations as trading and investment banking shine
Bank of America exceeded expectations for the first-quarter profit as increased market volatility drove revenue from equity trading to a record, and a rebound of mergers and acquired fees boosted investment banking.
Eni's Vaar Energi plans a boost in oil production from Arctic Goliat
Vaar Energi, a subsidiary of Italy's Eni and a Norwegian company, announced on Wednesday that it plans to increase crude production 'from its Arctic Goliat 'oilfield with'minority stakeholder Equinor.
Data shows that Russia has delivered a second LNG cargo to China after the sanctions.
LSEG data revealed that Russian energy giant Gazprom delivered a second LNG cargo to China after the sanctions were lifted. The small-scale Portovaya plant, with a capacity…
BP's CEO will simplify the company structure by dividing it into upstream and downstream units
Meg O'Neill will be the new CEO of BP, and she is the fifth head to lead the oil giant since 2020. She took over the role on April 1. The spokesperson confirmed an earlier Financial Times article about the changes.
BP reports 'exceptional trading results' amid volatile oil prices
BP announced on Tuesday that it expects its massive oil?trading -desk to report "exceptional" first quarter results, signalling a windfall resulting from the spike in crude oil prices triggered the U.S.
