-
Salzgitter sues Thyssenkrupp for HKM joint venture
A spokesperson for the company announced on Thursday that Salzgitter had filed an arbitration case against Thyssenkrupp in order to determine their future financial obligations regarding their steel joint venture HKM. Thyssenkrupp has said that it may need to close or sell HKM, the 50-30-20 joint-venture between Thyssenkrupp and Salzgitter…
-
Goldman projects oil prices to decline and sees gold at $4900 by December 2026. Copper remains the preferred industrial metal.
Goldman Sachs believes that gold prices will rise 14% by December 2026 to $4,900 an ounce in its base scenario. However, the firm warned of upside risks due to potential diversification with private investors. Goldman Sachs stated that it expected cyclical support and structurally…
-
Petrobras Strike-Hit P-40 Platform Shut Down After Gas Leak
According to the workers' union Sindipetro NF, a gas leak at Petrobras P-40 oil platform located in Brazil's 'Campos basin' on Thursday led to a preventive shut down of all activities. According to the Sindipetro-NF union, the platform in the Marlim Sul oil field was managed by a…
-
Japan will increase public funding for nuclear power renewal
Japan has announced plans to increase public funding for its crippled nucleopower sector. This is essential, say experts, to kick-start an industry that was previously financed by utilities owned by shareholders. Japan closed all 54 reactors in the wake of the 2011 Fukushima nuclear disaster.
-
Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, an energy services company, said that the U.S. firms have cut back on the number of oil and gas rigs for a second consecutive week for the first time since August. The number of oil and gas rigs, a good indicator of future production, dropped by six in the week ending December 19. This is the lowest since September.
-
Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, an energy services company, said that the U.S. firms have cut back on the number of oil and gas rigs for a…
-
Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, an energy services company, said that the U.S. firms have cut back on the number of oil and gas rigs for a…
-
Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, an energy services company, said that the U.S. firms have cut back on the number of oil and gas rigs for a…
Latest news
-
Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, an energy services company, said that the U.S. firms have cut back on the number of oil and gas rigs for a…
-
Putin warns about the risks to top oil producers in EU
Vladimir Putin, the Russian president, warned that international reserves held by the top oil producers of Europe could be…
-
The price of gas in Europe is rising due to a decline in wind power production
Dutch and British wholesale prices for gas edged up on Friday as forecasts of lower wind output boosted demand for 'gas from power plants.
-
Lachlan Harris, an insider at Santos Australia, is named finance director
Santos announced on Friday that it had appointed Lachlan Harri as its new 'CFO'. The Australian gas producer is currently…
-
Woodside's new CEO must navigate LNG projects with high costs through glut risk
Woodside Energy is facing a leadership shake up after Meg O'Neill's unexpected departure for the top position at?BP. This…
-
Woodside's new CEO must navigate LNG projects with high costs through glut risk
Woodside Energy is facing a leadership shake up after Meg O'Neill's unexpected departure for the top position at?BP. This…
-
Woodside's new CEO must navigate LNG projects with high costs through glut risk
Woodside Energy is facing a leadership shake up after Meg O'Neill's unexpected departure for the top position at?BP. This…
-
Woodside's new CEO must navigate LNG projects with high costs through glut risk
Woodside Energy is facing a leadership shake up after Meg O'Neill's unexpected departure for the top position at?BP. This…
-
Sources say that the head of Pemex’s production division will step down soon.
Three sources have confirmed that Mexico's state-owned oil company Pemex will replace its head of exploration and production…
-
Egypt claims gas deal with Israel as'strictly business'
Egypt said Thursday that the natural gas agreement with 'Israel is a purely commercial arrangement without any political dimension.
-
Meg O'Neill, BP's new CEO, will be the first woman ever to lead an oil company.
Energy industry veteran Meg O'Neill was tapped by BP as the leader of a shake-up within the London-based 'oil major'. She…
-
Meg O'Neill, BP's new CEO, will be the first woman ever to lead an oil company.
Energy industry veteran Meg O'Neill was tapped by BP as the leader of a shake-up within the London-based 'oil major'. She…
Exploration
-
Bolivia president removes fuel subsidies
Bolivian President Rodrigo Paz who was elected last month said on Wednesday that his government will remove the 'long-standing'…
-
Wall Street closes lower after AI funding worries drag down tech stocks
Wall Street's major indexes ended lower on Wednesday. The S&P 500, and the tech-heavy Nasdaq fell to new lows in three weeks…
-
Wall Street closes lower after AI funding worries drag down tech stocks
Wall Street's major indexes fell on Wednesday, as the S&P 500 and tech-heavy Nasdaq sank to three-week lows. Worries about…
Drilling
-
Why US producers are paying attention to Canada's most popular shale play
Executives, analysts, and advisors say that U.S. producers of oil and gas are seeking new drilling territories in Western Canada's Montney Basin…
-
The UK has exempted Egypt's Zohr Gas Field from Russian sanctions
The UK added Egypt's Zohr Gas Field, where?Russian oil giant Rosneft has a 30% stake? and London-based BP has a 10%?holding?…
-
Baker Hughes reports that US drillers have cut back on oil and gas rigs a second time in the last three weeks.
Baker Hughes, a leading energy services company, said that U.S. firms cut back on the number of natural gas and oil rigs…
Production
-
Action Energy will begin trading on the Boursa Kuwait Premier Market on Wednesday
The exchange announced that the shares of oilfield services provider Action Energy Company would begin trading on Boursa…
-
TotalEnergies consolidates its position in Namibia with the Galp asset exchange
TotalEnergies cemented its position in Namibia by agreeing on an asset exchange with Portugal's Galp, which makes the French…
-
Document shows that Shell has been approved as the majority partner of PetroSA in the block offshore South Africa.
A document obtained by revealed that South Africa's national oil company PetroSA has approved the deal for Shell Offshore…