Vitol Group and Glencore Plc. are considering acquiring New Fortress Energy Inc.’s Jamaican LNG assets, according to people familiar with the matter.
Halliburton has launched its Intelli suite of diagnostic well intervention wireline logging services. This suite of services is designed to facilitate customer collaboration, improve well insights to enable increased production, help extend asset life and reduce total cost of operations.
This week, the OPEC+ group is meeting to discuss when and how to begin easing the ongoing production cuts. The alliance looks to have dug itself deeper into a position between a rock and a hard place, again. Although they are not publicly admitting it, OPEC and its allies want to keep oil prices fairly […]
Oil prices were moving higher early on Tuesday morning ahead of the latest OPEC+ meeting as members of the group aligned behind plans to extend production cuts into 2025. – US President-elect Donald Trump threatened to slap a 100% tariff on BRICS if the respective countries decide to create a new currency alternative to the […]
None of the three dozen sales of oil wells proposed in California this year has materialized due to the considerable clean-up costs for the wells estimated by the state’s oil and gas regulator.
The Rabigh 2 solar project was awarded in the fifth round of the Ministry of Energy’s National Renewable Energy Program, which envisions the country’s power generation coming 50-50 from gas and renewables by 2030.
The value of the engagement was not disclosed in the announcement, but Shearwater described the contract as “large.”
Saudi Arabian Oil Co. (Aramco) has completed the purchase of a 10 percent stake in Horse Powertrain, in an agreement announced June. Aramco said in a media release the transaction, completed through its unit Aramco Asia Singapore Pte. Ltd., is part of efforts to develop new mobility solutions with the potential to reduce transport emissions.
Oil rose the most in more than two weeks as the US imposed more sanctions targeting Iranian crude and OPEC+ made progress on a deal to keep output off the market.
Three compression stations will be built at the field, coming on line between October 2026 and April 2027. The project is designed to conduct an overall upgrade to the field’s gas gathering and processing network.