Oil prices were stable around $90 a barrel on Wednesday but the prospect of increased supply from Iran and the United States kept pressure on the market.Brent crude futures edged down 36 cents, or 0.4%, to $90.42 a barrel by 1150 GMT. U.S. West Texas Intermediate crude fell 43 cents…
Japan's biggest oil and gas explorer Inpex Corp said on Wednesday it will invest up to 4.4 trillion yen ($38 billion) in growth areas over the next 9 years, 1 trillion of which will be spent on decarbonization areas including hydrogen and ammonia…
Norway has earmarked two areas in the North Sea to accommodate up to 4.5 gigawatt (GW) of floating and bottom-fixed wind turbine capacity and will identify additional offshore areas for development amid strong interest from energy firms.Utsira Nord…
Oil prices surged to seven-year highs on Friday, extending their rally into a seventh week on ongoing worries about supply disruptions fueled by frigid U.S. weather and ongoing political turmoil among major world producers.Brent crude rose $2…
Norway's Equinor joined European peers in hiking shareholder payouts after posting record pretax profits for the fourth quarter due to a boom in oil and gas prices.Adjusted earnings before tax rose to $15.0 billion in the October-December quarter from $756 million in the same period a year ago…
BP's profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and said it was accelerating plans to cut emissions with increased spending on low carbon energy.BP's rebound to an annual profit of $12…
German Chancellor Olaf Scholz said last week that Germany may consider halting the Nord Stream 2 pipeline if Russia attacks Ukraine, reflecting growing political pressure on the Gazprom-led project.Russia has massed troops on the Ukrainian border but denies it is planning an attack…
Germany could find itself in a no-win situation if Russia invades Ukraine, pitting Berlin's main gas supplier against its most important security allies.Chancellor Olaf Scholz would face pressure from the United States and other Western allies…
ScottishPower, part of the Spanish renewables firm Iberdrola, and Shell have secured joint offers for seabed rights to develop large-scale floating wind farms as part of Crown Estate Scotland’s ScotWind leasing. The partners have won two sites…
Russia on Monday urged Germany and the European Union not to drag its feet over certification of the Nord Stream 2 gas pipeline, which has become a focal point in political disputes between Moscow and the West.The pipeline to Germany would double…
The Guanabara FPSO has arrived at the Mero field in the Santos Basin, offshore Brazil, the Brazilian state-run oil company Petrobras has informed.The FPSO, also known as Mero 1, will be the first 'definitive' oil production system at the Mero field…
Germany signaled on Tuesday that it could halt the Nord Stream 2 pipeline from Russia if Moscow invades Ukraine, and Western nations rallied behind Kyiv over a Russian troop buildup that has stoked fears of war.Stepping up diplomacy after talks with Russia ended in stalemate last week…
Oil touched $90 a barrel for the first time in seven years on Wednesday, supported by tight supply and rising political tensions in Europe and the Middle East that raised concerns about further disruption in an already-tight market.Brent crude rose $1…
Shell's plan for seismic testing on South Africa's Wild Coast, which critics say threatens dolphins, seals, whales, penguins and other rare sea life, received all necessary environmental approvals, the country's energy minister said in a letter to parliament…
Tanzania has appointed a U.S.-based law firm as its transaction advisor for negotiations with energy companies over the construction of a liquefied natural gas project, valued at $30 billion, the state oil company said.Construction of an LNG…
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