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Siemens Gamesa Lines Up 63-Turbine Order for German Offshore Wind Farm
Skyborn Renewables has confirmed the execution of the Turbine Supply Agreement (TSA) and the Offshore Long Term Program Service Agreement (LTPSA) with Siemens Gamesa for the provision of 63 SG 14-23 wind turbines and their long term service for the Gennaker offshore wind farm in Germany.Both…
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Norway's total oil and gas production beats expectations in June
Norwegian Offshore Directorate, NOD, said that Norway's combined oil-and-gas production in June exceeded the official forecast by 2,3%. Norway is Europe's biggest supplier of natural gases and oil. However, output can vary from month to months depending on maintenance and other stops at over 90 offshore fields.
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US crude, gasoline stockpiles fall, distillates build, EIA says
The U.S. Energy Information Administration reported on Wednesday that crude oil and gasoline stocks in the United States fell last week. This was due to stronger demand and increased exports. Meanwhile, distillate inventories rose. The EIA reported that crude inventories dropped by 3.2 millions barrels…
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Mellitah Oil and Gas, Hill International to Collaborate on Libya Gas Project
Mellitah Oil and Gas will work with U.S. construction consulting firm Hill International to manage a project which aims to boost Libya's gas output, the country's National Oil Company (NOC) said in a statement on Wednesday.NOC said a cooperation agreement was signed during a visit by U.S.
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Nippon Steel to Supply Material for Vestas Wind Towers
Nippon Steel signed a cooperation memorandum with Denmark's wind turbine maker Vestas Wind Systems on Wednesday to supply steel for Vestas' wind towers for European, Asian and Japanese markets, Japan's industry ministry said.The agreement was part of a broader push by Japan's Ministry of Economy…
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Glencore warns that a ban on exports from Congo could result in a large portion of its cobalt production not being sold by the end of 2025
Glencore announced on Wednesday that a large portion of its cobalt output would likely remain unsold at the end of 2025,…
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Glencore's rejection of US listing boosts UK markets
Glencore has decided to keep its main listing in London. It will not move to the United States at this time. This is a rare…
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Tullow Oil reduces annual production forecast and posts an interim loss
Tullow Oil, a company based in West Africa, lowered Wednesday its production forecast for 2025 to reflect the sale of Gabonese assets.
Latest news
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Glencore's interim profits fall 14% due to lower coal prices and reduced copper output
Glencore, the global miner and trader, reported on Wednesday a drop of 14% in its first-half core profit, due to lower coal prices…
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ADNOC Gas posts record quarterly profit despite lower prices
ADNOC Gas announced on Wednesday that its net profit for the second quarter rose by 16% as a result of a strong domestic…
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Devon Energy's profit forecast for the second quarter was missed due to low oil prices
The U.S. oil-and-gas producer Devon Energy narrowly missed Wall Street's expectations for the second quarter profit on Tuesday…
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Devon Energy's profit forecast for the second quarter was missed due to low oil prices
The U.S. oil-and-gas producer Devon Energy narrowly missed Wall Street's expectations for the second quarter profit on Tuesday…
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Equinor's auction prospects are boosted by BP's large Brazil oil and gas discovery
The announcement by BP on Monday that it had made its largest oil and gas find in 25 years off the coast of Brazil in Santos…
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Equinor's auction prospects are boosted by BP's large Brazil oil and gas discovery
The announcement by BP on Monday that it had made its largest oil and gas find in 25 years off the coast of Brazil in Santos…
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Mexico announces plans to reduce debt of Pemex and boost investment
Mexico's government announced on Tuesday a plan to move its heavily indebted oil company Pemex towards financial independence…
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Diamondback claims it is the 'consolidator' of choice in Permian as oil outlooks dim.
Diamondback Energy, a shale driller, said Tuesday that it should be the "consolidator" of choice in the Permian Basin as…
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Government sources confirm that Trinidad and ExxonMobil have agreed to terms on deepwater blocks.
Two senior government officials confirmed that Trinidad and Tobago has awarded ExxonMobil, the U.S. oil giant, acreage to…
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Government sources confirm that Trinidad and ExxonMobil have agreed to terms on deepwater blocks.
Two senior government officials confirmed that Trinidad and Tobago has awarded ExxonMobil, the U.S. oil giant, acreage to…
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Government sources confirm that Trinidad and ExxonMobil have agreed to terms on deepwater blocks.
Two senior government officials confirmed that Trinidad and Tobago has awarded ExxonMobil, the U.S. oil giant, acreage to…
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Castrol India's profit for the second quarter rises due to higher demand
Castrol India announced a 5.1% increase in its second-quarter profits on Tuesday. This was fueled by the steady demand for…
Exploration
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Coterra Energy's profit beats expectations in the second quarter due to higher gas prices and strong output
Coterra Energy beat Wall Street expectations for the second quarter profit on Monday as higher production volumes, a rebound of U.S.
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BP discovers major oil and natural gas reserves in Brazil's Santos basin
BP announced on Monday that it had made an oil-and-gas discovery in Brazil's Santos Basin, a pre-salt zone in deep waters…
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Inpex awards contracts for engineering design of Indonesian LNG Project
Inpex Corp, a Japanese oil and natural gas exploration company, announced on Monday that it had awarded several contracts…
Drilling
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Baker Hughes reports that US drillers have cut back on oil and gas rigs in the US for a second consecutive week.
Baker Hughes, a leading energy services company, said that the U.S. firms have cut back on oil and gas rigs for the second consecutive week.
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US crude, distillate inventories rise, gasoline draw down, EIA says
Updates include the price reaction and background data on refineries. The Energy Information Administration reported on Wednesday that U.S.
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Chevron warns Hess employees to keep safety in mind while they wait for job updates
Two Hess workers who spoke to us said that Chevron leaders had told them to focus on safe operations, and they would hear…
Production
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Equinor extends Norway LNG Outage until August 3
Equinor, a Norwegian company, has extended a maintenance outage to its Hammerfest LNG Terminal, Europe's biggest liquefied…
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Mellitah Oil and Gas, Hill International to Collaborate on Libya Gas Project
Mellitah Oil and Gas will work with U.S. construction consulting firm Hill International to manage a project which aims to boost Libya's gas output…
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Norway's total oil and gas production beats expectations in June
Norwegian Offshore Directorate, NOD, said that Norway's combined oil-and-gas production in June exceeded the official forecast by 2,3%.
