U.S. natural gas futures fell about 4% to a nine-month low on Tuesday on near-record output, ample fuel in stockpiles and forecasts for less hot weather and lower demand through early September than previously expected.Another factor weighing…
Brent oil prices have shifted very little over the last two weeks, staying in the range of $65 to $66 per barrel. The Russia-Ukraine peace talks loom large, with bearish sentiment winning out in anticipation of Russian barrels making a return to global markets…
Petrobras is worried about an upcoming change in Brazil's reference oil price that determines some taxes and royalties drillers pay, as it could weaken the economic viability of projects in offshore post-salt fields and in its onshore business…
Woodside Energy WDS.AX said on Tuesday it will scale back exploration efforts and prioritise its $39 billion project pipeline to strengthen its balance sheet, after depreciation and decommissioning costs led to a slump in first-half profit.Woodside…
Norway's Equinors restarting its Hammerfest LNG plant following an unscheduled production outage and expects to begin filling its tanks with liquefied natural gas(LNG) on Tuesday afternoon local time, a spokesperson told Reuters.Europe's largest…
Australia's Woodside Energy recorded a 24% fall in its first-half profit on Tuesday, mainly due to lower average realized prices and depreciation costs associated with its Sangomar oil project in Senegal.The company's average realized price for its products was $61…
Brazilian state-run oil firm Petrobras is looking to increase production at three floating offshore production platforms (FPSO) it operates in the country, the head of Exploration and Production, Sylvia dos Anjos, said on Monday.Production at…
Pioneering subsea technology and services company, SMD, has announced the appointment of Kenny Liu as its new chief executive officer.Kenny succeeds Julian Zhu, whose decade in the role saw the company’s profit and turnover increase year on year for the past five years…
Norway's Hammerfest LNG terminal shut its production of liquefied natural gas during the weekend due an overheating electrical transformer, a spokesperson for operator Equinor EQNR.OL said on Monday.The facility, also known as Melkoeya LNG, accounts for roughly 5% of all Norwegian gas exports…
Inyanga Marine Energy Group announced that Martin Murphy has been appointed as Chair of the Board.Following 12 years’ service in the Royal Navy, Martin has forged a career as an experienced CEO and Chartered Engineer. Martin has a strong leadership…
Petrobras is considering an investment in sugar and ethanol producer Raizen as a way to re-enter the ethanol market, local newspaper O Globo reported on Saturday, citing sources.Petrobras had previously said it was eying a return to the ethanol…
Digital twin technology company Aize has signed a Memorandum of Understanding (MoU) with McDermott to strengthen its presence and collaboration in the Middle East.The MoU spans the entire project lifecycle - from EPC through pre-operations to full operations…
Shape Digital, Shell Brasil, MODEC Brasil and Unicamp signed a partnership to develop new methodologies for monitoring operational risks using artificial intelligence. The solution will be based on Shape Reef, a tool for operational process safety designed by Shape Digital…
The development Argentina’s vast Vaca Muerta share is transforming the nation into a rising energy exporter, with oil and pipeline gas already flowing abroad and an ambitious multi-phase ‘Argentina LNG’ initiative aiming to secure a permanent place in the global liquefied natural gas (LNG) market…
Oceaneering’s Rosyth, Scotland, umbilical and cable manufacturing facility has secured grant funding from Scottish Enterprise (SE). The funding will support Oceaneering’s floating offshore wind dynamic cable qualification projects.The immediate…
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