He highlighted the financial challenges during his vetting by Parliament’s Appointments Committee on Monday, January 13, 2025.
Serbia can pay Gazprom Neft PJSC and Gazprom PJSC to exit the Balkan country’s only refiner in order to preserve local fuel production after it became ensnared in new US sanctions on Russia’s oil industry.
Donald Trump’s inauguration later this month is almost unanimously believed to bring in a new era in U.S. energy policy—an era of pro-oil and pro-gas regulation aimed at boosting the country’s production and exports, in line with Trump’s energy dominance agenda. However, this belief may yet get shattered by factors outside the president-elect’s control.
UAE-based technology incubator AIQ and Colombia’s national oil company Ecopetrol have signed a strategic collaboration agreement to deploy AIQ’s AI solutions in Ecopetrol’s operations, AIQ announced on Sunday.
US nuclear energy company Constellation has entered into a definitive agreement with Calpine Corp. under which Constellation will acquire Calpine in a cash and stock deal valued at approximately USD 16.4 billion, the companies announced on Friday.
That’s what Chris Weston, Head of Research at Pepperstone, said in a market analysis sent to Rigzone on Monday, highlighting that the buyers are “now in firm control of the tape, with Brent futures pushing through the 200-day moving average”.
Norway’s natural gas output set a new record in 2024 with 124 billion standard cubic meters sold, compared to the previous record of 122.8 billion standard cubic meters sold in 2022, the Nordic country’s upstream regulator has reported.
Aquajet has introduced a new support system designed to enhance the capabilities and flexibility of Hydrodemolition robots in challenging environments. The system centers around the upgraded Aqua Spine 3.0, an extendable rail system that attaches easily to any surface, providing a stable platform for the Power Head to move along during operation.
LLOG Exploration Company, a privately-owned exploration and production company focused on the deepwater Gulf of Mexico, has announced the achievement of several significant milestones in the construction of the Salamanca Floating Production Unit (FPU). Additionally, initial well operations at both Leon and Castile have been successfully completed, LLOG stated. LLOG is the operator of the Salamanca FPU, as well as the Leon and Castile discoveries with Repsol and O.G. Oil & Gas as non-operating working interest owners.
Prosafe has signed a contract extension with Petróleo Brasileiro S.A. (Petrobras) for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil.