Global benchmark Brent crude hovered above $81 a barrel on Friday, with bullish sentiment over U.S. demand bolstered by supply disruption in Libya and Nigeria.Both the Brent and U.S. West Texas Intermediate (WTI) contracts had risen for three straight sessions and in early Asian trade on Friday…
Norwegian oil group Aker BP on Thursday reported a rise in second-quarter earnings that matched expectations as record production offset weaker prices for oil and gas, and lifted its full-year production outlook. Norway's second-largest listed oil company…
Global offshore wind firm Orsted chose to exit a German seabed lease auction, its top executives said on Thursday, after the company expressed concerns about high prices.Germany on Wednesday announced the results of the tender for 7 gigawatts (GW) of capacity in the auction…
Partners in the Israeli offshore gas project Leviathan said on Sunday they would invest $568 million to build a third pipeline that will allow increased natural gas production and exports.Leviathan, a deep-sea field with huge deposits, came…
The world's oil and gas companies should set targets to cut greenhouse gas emissions by 2030 at the upcoming COP28 global climate conference, the CEO of France's TotalEnergies Patrick Pouyanne said on Wednesday.'If we can bring something to COP28 as an oil and gas industry…
Spanish utility Iberdrola has signed an exclusive deal with Abu Dhabi's Masdar to develop a 476 megawatt (MW) offshore wind farm in German waters in the Baltic Sea, Expansion newspaper reported on Wednesday, citing unidentified market sources…
Longboat Energy, an oil and gas exploration and production company with activities in Norway and Malaysia, has agreed to buy interests in producing offshore fields offshore Norway from INPEX Idemitsu.The company on Monday announced the acquisition of a 4…
Italy's Eni aims to reduce its exposure to oil in favor of natural gas and non-fossil fuels in part through asset sales, the energy group's CEO Claudio Descalzi said on Tuesday. Speaking at the Rome presentation of a report by the International Renewable Energy Agency (IRENA)…
UK-based oil major BP, and India's Reliance Industries Limited (RIL) on Friday confirmed the start of production from the MJ field offshore India, following testing and commissioning activities. The MJ field represents the last of three major…
Sarawak Energy aims to install at least 400 megawatts (MW) of floating solar power capacity at its dams by 2030 as the Malaysian utility expands to meet rising demand for renewables from neighboring countries, its group chief executive said…
Analysts at major global banks have been upgrading their share price expectations for Brazil's state-run oil firm Petrobras PETR4.SA as they evaluate that the new leftist government's policies are not as unfriendly to investors as some had feared…
China Three Gorges Corporation said Wednesday it had installed the world's first 16MW offshore wind turbine, off the coast of Fujian, China.The news was also confirmed by the wind turbine maker Goldwind, which said: “On June 28, Goldwind successfully…
Italy's Eni ENI.MI and its Norwegian unit Vaar have agreed to buy private-equity backed Neptune Energy in a deal valuing the assets of the gas and oil producer at $4.9 billion including debt, the two groups said on Friday.The acquisition, which is expected to be completed at the start of next year…
The Indonesian government hopes to have the matter of the operatorship of the Indonesia Deepwater Development (IDD) gas project settled by next month after years of delay, the energy minister said on Friday.Operator Chevron, which owns a 62% stake…
Italy's Prysmian has adopted a net zero carbon target by 2050 and slightly upped its emission reduction targets for the near term, the world's largest cable maker said on Wednesday.Prysmian - which supplies cables for industries including high voltage power transmission…
Subscribe
