Industry News
Norway’s VÃ¥r Energi discovers major North Sea oil and gas resources Â
The company has discovered oil and gas with gross recoverable hydrocarbons of up to 39 million barrels of oil equivalent in the North Sea.
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Buyer's Guides
Oil spill recovery equipment and solutionsÂ
Explore the essential guide to oil spill recovery equipment and solutions. Learn what to look for in recovery boats, vessels, and technology to effectively manage spills.
Industry News
BP ponders shifting focus away from renewables, say sources
BP’s CEO Murray Auchincloss has said the company will move away from renewables in an attempt to boost revenues.
Deal News
SM Energy nears XCL Resources acquisition at $3bn valuation Â
SM Energy is in advanced discussions to acquire Utah-based oil producer XCL Resources, reported Bloomberg.Â
Hydrogen
Gap between US energy production and consumption now biggest ever
US energy production outpaced consumption by nine quadrillion British thermal units in 2023, according to EIA analysis.
Deal News
TotalEnergies to acquire 60% stake in Block STP02 offshore Sao Tome and PrincipeÂ
TotalEnergies has inked an agreement to acquire a 60% interest and operatorship in Block STP02, located offshore Sao Tome and Principe.
Deal News
Russia signs gas supply MOU with IranÂ
Russia and Iran and have entered into a memorandum of understanding (MoU) regarding the transfer of natural gas from Russia to IranÂ
Company News
Shell achieves FID for two carbon capture and storage projects in CanadaÂ
Shell’s Canadian division has achieved the final investment decision (FID) for carbon capture and storage (CCS) projects in Canada. Â
Deal News
Aramco signs 20-year LNG offtake deal with SempraÂ
Aramco has entered into a non-binding HoA with Sempra for the purchase of five million tonnes per annum of liquified natural gas (LNG). Â