The U.S. president earlier this year stepped up his rhetoric against Venezuela’s government, saying both President Nicolas Maduro and senior members of his cabinet were involved in drug trafficking. Trump also put a higher bounty on Maduro’s head, at $50 million, and ordered boats coming from Venezuela—allegedly with drugs on board—to be destroyed.
SLB and Ormat Technologies have entered a strategic agreement to fast-track the development and commercialization of integrated geothermal assets, including enhanced geothermal systems (EGS). The partnership aims to scale next-generation geothermal solutions capable of delivering clean, reliable baseload energy in regions beyond traditional hydrothermal resources.
Halliburton has signed a framework agreement with Shell to provide umbilical-less tubing hanger installation and retrieval services using its Remote Operated Control System (ROCS) technology. The multi-well agreement follows a successful three-well technology phase in the Gulf of America, where ROCS demonstrated measurable gains in speed, safety and operational precision.
The Centre for Environmental Management and Sustainable Energy (CEMSE) has called for a pragmatic, partnership-driven approach to reviving the Tema Oil Refinery (TOR), emphasising that a tolling agreement, rather than an outright sale, offers the most sustainable path to restoring the refinery’s operational and financial viability.
TotalEnergies SE needs Mozambique’s approval for a $4.5 billion increase in cost to its liquefied natural gas project before restarting construction that’s been delayed since 2021 due to security issues.
A “wave” of new liquefied natural gas production capacity set to come on stream this year and in 2026 will transform the global market into one dictated by buyers, the head of the International Energy Agency, Fatih Birol, said today.
Petrofac Ltd said Thursday it was ending its “advanced stage” financial restructuring after TenneT dropped the British energy engineering company from multiple projects.
German Chancellor Friedrich Merz said he’s optimistic that the US will exempt Rosneft PJSC’s German unit from Washington’s latest sanctions against Russia.
Strong demand for LNG-related services drove Baker Hughes’ third-quarter financial performance above expectations, with the company reporting a 23% annual increase in orders despite a dip in net profits of 20% on the year.
The Japanese company will buy the assets from Williams and GEP Haynesville II, JERA said in a press release, adding that the assets currently produce some 500 million cu ft of natural gas daily and feature 200 undeveloped locations. The deal includes a provision to boost output from the assets to 1 billion cu ft daily, JERA also said.