Energy.
US-Venezuela pact seeks 1.5 million b/d of oil output: Rodriguez
Venezuelan Interim President Delcy Rodriguez said Aug. 29 that a newly signed binational oil agreement with the US targets production of more than 1.5 million b/d from 17 strategic fields over a 25-year term. Rodriguez, speaking in a televised statement, said the accord would generate more than $100 billion in investment and $209 billion in tax revenue for the Venezuelan state, doubling down on…
Noble Corporation announces new director appointment
Noble Corporation yannounced that the Company's Board of Directors has appointed Mr. Jeff Miller, the Chairman of the Board of Directors, President, and Chief Executive Officer of Halliburton, to…
Longspur research report on Provaris CO2 opportunity builds on hydrogen
Longspur Research from the UK has released an updated research note with a Central Case valuation of $0.11 per share, split between Hydrogen $0.07 and CO2 $0.04 per share. Today's update introduces…
Chevron introduces next-gen Techron in US Chevron and Texaco Gasolines
Chevron U.S.A. a subsidiary of Chevron Corporation announced the introduction of next-generation Techron®, a reformulated version of its proprietary gasoline additive designed to provide greater…
Borr Drilling Limited announced new contract commitments for four of its premium jack-up rigs
In West Africa, the Prospector 5 has received a binding letter of award (“LOA”) from BW Energy in Gabon. The commitment covers a firm scope of four wells, with a minimum duration of 320 days, and…
World Fuel Services and West Coast Clean Fuels establish proven Methanol Bunkering Capability available across U.S. Ports
A first in the U.S. for over-the-water methanol bunkering World Fuel Services, in collaboration with West Coast Clean Fuels, has established a proven methanol bunkering capability available to vessel…
TotalEnergies and Masdar to form $2.2 billion Joint Venture to Accelerate Renewable Energy Growth in Asia
Binding agreement to merge onshore renewable activities in nine countries across Asia Each company will contribute assets of comparable value, totaling 3 GW of operational…
Chevron announces Senior Leadership Changes
Chevron Corporation announced leadership updates that reflect the company’s continued focus on strong operational performance and safety. Chevron has appointed Daniel Woodall as Chief Health, Safety…
Maritime carbon emissions and the shipping industry’s competitive edge
Ships navigating the world’s oceans emit a staggering one billion tons of carbon dioxide annually. This figure surpasses the emissions from global aviation and is approximately 1.5 times South…
OPEC+ continues with supply hikes
OPEC+ surprises with another supply hike Supply risks in the oil market grew in August due to US secondary tariffs on India for its purchases of Russian crude oil. This development left plenty of…
Wison New Energies and H2Carrier sign collaboration agreement at Gastech 2025
Wison New Energies and H2Carrier AS are pleased to announce the launch of a new initiative aimed at reducing costs in the production of green ammonia. The parties will leverage Wison’s world class…
VLSFO crack hits its lowest since January 2023
Asia’s very low sulphur fuel oil (VLSFO) crack hit its lowest since January 2023, data showed on Friday, as trading sentiment remained weighed by plentiful supply. The October crack for Singapore…
Japan’s JERA looks to Alaska and Qatari LNG to meet demand, diversify supply
Japan’s top power generator JERA is ramping up its interest in U.S. liquefied natural gas, particularly from Alaska, and is in talks with QatarEnergy to secure faster, more efficient supply routes…
Baker Hughes secures order for Rio Grande LNG Expansion
Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday an award from engineering company Bechtel Energy Inc. (Bechtel) to supply main liquefaction equipment for Train 4 of…
Prices edge down on higher wind, LNG supply
Dutch and British wholesale gas prices edged down on Friday morning as higher wind output was expected from Monday and an increase in liquefied natural gas (LNG) supply. The benchmark Dutch…
Global oil markets pulled in different directions by sanctions risks and looming oversupply says IEA
Highlights World oil demand is forecast to increase by 740 kb/d y-o-y in 2025, up marginally from last month’s Report, with resilient deliveries in advanced economies contrasting with relatively…
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