This means markets are entering a second year where investments are to remain somewhat flat, and this is now starting to impact not only short-cycle budgets but also longer-cycle budgets, such as offshore and midstream, putting a toll on all service market categories.
On his first day in office, President Donald Trump signed several executive orders aimed at reshaping the United States’ energy landscape. These orders mark the beginning of his administration’s efforts to increase energy independence and stimulate economic growth.
Oil declined amid risk-off sentiment in wider markets and a solidifying consensus that the Trump administration’s trade and foreign policy will rely more heavily on tariffs than on supply-constricting sanctions.
Consumption of the super-chilled gas may be less than a third of Italy’s import capacity by 2030, the Institute for Energy Economics and Financial Analysis said Monday in a report. Italian demand plunged 19 percent between 2021 and 2024, while LNG import capacity is set to triple in the five years through 2026.
State-owned oil and gas major Petróleo Brasileiro S.A. (Petrobras) has extended the charter period for the floating production storage and offloading units (FPSO) Cidade de Angra dos Reis by an additional five years, until 2030.
The contract will deliver a carbon capture plant, a liquefaction system, temporary storage, and loading facility at the waste incineration site. It also includes an intermediate CO2 storage and ship loading system at Oslo harbor.
Crude prices were volatile and came under pressure as the market reacted to the latest developments in U.S. trade policy. Although the tariffs the Trump administration threatened to apply on Colombia were short-lived, similar trade actions could cause ripples across global markets.
The acquisition of Maverick by Diversified adds immediate scale, increases liquids production, and creates a combined company with long-term free cash flow generation, superior unit cash margins, and a compelling sustainability profile.
Oil prices edged higher but remained near a two-week low on Tuesday, as weak economic data from China and rising temperatures elsewhere dampened the demand outlook.Brent crude oil futures were up by 35 cents, or 0.45%, to $77.43 per barrel by 0930 GMT. U.S. West Texas Intermediate crude futures were up 30 cents, or 0.41%, […]
Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after costs for chartering tankers unaffected by U.S. sanctions jumped, according to traders and shipping data.