The Estuary Cluster 'is expected to unlock stranded marginal oil resources through a technology-led development concept centered on a novel shallow-water subsea development approach', Petronas said.
Read Full StoryOil producers, traders, and refiners are bracing for a prolonged war between the United States and Iran in the Persian Gulf with little to no hope of a quick resolution. By extension, they are also preparing for higher…
Electricity theft is a global problem, and it’s getting more dire all the time. While the problem is most common in developing countries, where grid infrastructure is limited and utilities and state authorities have…
Nuclear power is growing in popularity once again as governments worldwide look to diversify their energy mix and reduce reliance on fossil fuels. Several countries are now looking to develop or expand their nuclear…
Iran's parliament is trying to turn fears of foreign infiltration into law. But as lawmakers work through the legislation, the debate is exposing an increasingly awkward question for the Islamic Republic: How far should…
TotalEnergies SE and its partners plan to invest $10 billion in Angola's oil sector over the next five years.
Heat pumps are becoming an increasingly popular alternative to gas-powered central heating systems and are increasingly being used in new construction, often driven by government incentives. A heat pump uses technology…
TotalEnergies SE and its partners plan to invest $10 billion in Angola's oil sector over the next five years.
Shell agreed to acquire a 169-megawatt natural gas-fired power plant in Pennsylvania, while selling a 609-MW combined-cycle gas power plant in New England.
The Norwegian Energy Ministry received applications from 21 companies including international majors for the country's expanded exploration licensing round.
Energy Holdings and Ventura Offshore have signed a LOI for an all-share combination that would create a group with an implied pro forma equity value of about $1bn.
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US rising to 591, up 52 from…
Europe should not need an emergency to test the security of its oil supply infrastructure, writes Ivo Hlaváček, former Slovak ambassador and former director-general at the Slovak Ministry of Foreign Affairs.
Oil producers, traders, and refiners are bracing for a prolonged war between the United States and Iran in the Persian Gulf with little to no hope of a quick resolution. By extension, they are also preparing for higher…
Nuclear power is growing in popularity once again as governments worldwide look to diversify their energy mix and reduce reliance on fossil fuels. Several countries are now looking to develop or expand their nuclear…
Drones are now hitting secondary-processing units at Russia's refineries, which may require six to eight months to replace, according to IEA estimates.
The White House is considering using the Defense Production Act to add U.S. refining capacity, with American refineries already running at 98% capacity and diesel prices above $6 per gallon for the first time. The…
'It is a level diesel has never reached', GasBuddy said.
Supertanker rates on the Baltic Exchange's benchmark Middle East-to-China shipping route have surged to a staggering $800,000 a day. With US forces having destroyed five Iranian-linked tankers and Tehran threatening…
Brent is sitting a touch above $104 this morning, down slightly from yesterday's surge. The Strait of Hormuz, which used to move something like a fifth of the world's oil and LNG before the war, has been effectively…
A consortium of Belgium's Jan De Nul and Italy's Saipem signed a letter of intent with ExxonMobil for the upstream infrastructure of the planned Rovuma LNG project in Mozambique.
Saipem, in partnership with Jan De Nul, has entered into a letter of intent (LoI) with ExxonMobil Moçambique for a contract related to the phase 1 of the Rovuma LNG project, located offshore Mozambique.
Politics, Geopolitics & Conflict Yemen's Houthis captured the Red Sea port of Mocha on Thursday, taking the approach to the Bab al-Mandeb Strait, which connects the Red Sea (and the Suez Canal, beyond it) to the Gulf of…
Demand for liquefied natural gas (LNG) in Southeast Asia has found a new major driver apart from the years-long efforts to switch away from coal-fired power generation. The AI boom and the data center construction in…
Argent LNG and the Albanian government have signed a non-binding memorandum of understanding (MoU) to jointly consider the development of a large-scale liquefied natural gas (LNG) storage and regasification terminal on…