Oil futures fall amid reports of potential US-Iran ceasefire extension
Oil prices declined by approximately 2% on 29 May as reports emerged that the US and Iran may have reached …
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First firing completed at hydrogen-ready Thurrock Power plant
Thurrock Power, Statera Energy’s 450MW flexible generation plant, has completed engine firing on its first unit, a key milestone as …
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The US/Israel-Iran conflict has fundamentally changed oil supply chains
The Persian Gulf countries produce approximately 30% of global crude oil supplies and 17% of natural gas. Almost all of …
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SLB, Vår Energi to enhance digital field planning on NCS
SLB and Vår Energi have expanded their collaboration to enhance well and field development planning on the Norwegian Continental Shelf …
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Equinor picks DeepOcean for multi-field subsea projects on NCS
Equinor has awarded a new subsea contract package to DeepOcean for projects spanning multiple fields on the Norwegian Continental Shelf …
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Cheniere awards EPC contract to Bechtel for SPL Expansion Phase 1
Cheniere Energy Partners’ subsidiary, Sabine Pass Liquefaction Stage V (SPLV), has signed a lump sum, turnkey engineering, procurement and construction …
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Afentra to operate KON4 block in Angola’s Kwanza basin
Afentra has been awarded a 35% operated interest in the KON4 block, located in onshore Angola, following formal approval of …
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Impact Oil & Gas to split Namibia and South Africa portfolios
UK-based Impact Oil & Gas has agreed to a corporate restructure that will split its Namibian and South African interests …
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Baker Hughes secures expanded Santos Basin contract
Baker Hughes has secured a contract extension from Petrobras to provide integrated well construction solutions in the Santos Basin, located …
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New episode: Glut or shortage – what lies ahead for LNG?
Liquified natural gas (LNG) has been touted as the cleaner fuel alternative and a central stepping stone on the journey …
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NOG to acquire 25% Duvernay light oil stake for $253m
Northern Oil and Gas (NOG) has agreed to acquire a 25% undivided stake in light oil properties in the Duvernay …
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Oil prices climb 3% amid US strikes deepening Iran war uncertainty
Brent crude oil prices increased by over 3% on 26 May after US military strikes in Iran intensified uncertainty over …
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BP removes Albert Manifold as chair citing governance concerns
BP has dismissed Albert Manifold as chair and director with immediate effect due to what it described as “serious concerns” …
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India to drive global caustic soda capacity additions by 2030
India is poised to become the frontrunner in global caustic soda capacity additions by 2030, spurred by government initiatives and …
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The pace of renewables investment by oil and gas majors has moderated
Global power generation is experiencing a significant shift toward renewable sources, leading to a gradual decline in reliance on fossil …
