Oil jumped to a two-year high above $72 a barrel on Monday, extending this year's rally supported by recovering demand and OPEC+ supply curbs, before giving up the gains as investors took profits.Demand is rising in the United States and Europe as COVID-19 restrictions are loosened and…
U.S. oil company Talos Energy on Thursday said its drilling operation at the Gulf of Mexico Tornado 3 well was a success.The company said its Tornado 3 sidetrack well ('Tornado Attic' well) successfully discovered pay in-line with pre-drill expectations…
The use of renewable energy in the Netherlands increased by almost a fifth last year but still fell short of European standards, the Dutch national statistics office said on Monday.Solar, wind, biomass and other sustainable sources together delivered 11…
KrisEnergy, an oil and gas company focused on Southeast Asia, said Friday it had filed a winding-up petition and that it would proceed to liquidation due to its inability to pay debts.KrisEnergy warned about this outcome back on March 31 when it said that the production from the Apsara field…
Oil rose towards $72 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout around the globe.The Organization of the Petroleum Exporting…
Oilfield services company Archer is set to complete the previously announced acquisition of rival DeepWell.'The completion of the acquisition [of DeepWell ] was conditional on obtaining necessary regulatory approval. Such approval was granted today by the Norwegian Competition Authority…
Japanese refiners will need at least three months to resume Iranian oil imports even if Tehran's nuclear talks with world powers lead to an agreement and a lifting of sanctions, the head of the Petroleum Association of Japan (PAJ) said on Thursday…
U.S. President Joe Biden on Tuesday said he decided to waive sanctions against the company behind the Nord Stream 2 gas pipeline because the project was nearly complete, and doing so could have harmed ties with Europe.Biden, who is preparing…
Indian Oil Corp, the country's top refiner, said on Thursday it would resume purchases of Iranian oil if Washington lifts sanctions against Tehran over its disputed nuclear program.The European Union official leading talks to revive Iran's nuclear…
As Iran gears up to resume oil exports once the United States lifts trade sanctions, former key clients in Japan, South Korea and Taiwan say they'll wait for the U.S. green light before investigating terms under which they might buy Iran's oil again…
French workboat operator Atlantique Maritime Services (AMS) has acquired a Fast Crew Supplier from the Dutch shipbuilder Damen.The Damen FCS 2610, named JLD Jayce, will be the first Damen Crew Transfer Vessel fully dedicated to the French offshore wind industry…
French oil services group CGG posted a 71% plunge in first-quarter core profit on Wednesday, reflecting a year of drastic spending cuts by the oil industry in the pandemic and sending its shares sharply lower.In a call with analysts, CEO Sophie Zurquiyah said the quarter had been slow as expected…
BP's profit more than tripled to $2.6 billion in the first quarter thanks to stronger oil prices and bumper revenue from natural gas trading, paving the way for the energy company to start buying back its shares.The jump in profits from a year…
Japan aims to double its inter-regional power grid capacity by adding up to 23 gigawatts to help speed expansion of renewable energy such as offshore wind farms, the Nikkei business daily said on its online news site late on Thursday.The move…
A Norwegian appeal court has ordered the offshore accommodation firm Prosafe to pay NOK 465 million (~$55,49 million) to Westcon Yards, overturning the Stavanger District Court's order from 2018, related to a conversion work on an offshore accommodation rig…
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