Category: News

Neste has announced plans for a performance improvement programme, to enhance the company’s cost competitiveness and financial performance.

Equinor and its trading arm Danske Commodities have been fined a combined total of $12.5m by the French Energy Regulatory Commission for breaching wholesale gas market rules.

GAIL has inked a MoU with Accelera by Cummins, to collaborate on green energy and energy transition technologies in India.

Russia’s oil and fuel export revenues rose to $15.8bn in January, a $900m increase from December, despite sanctions, according to the International Energy Agency (IEA).

Energy firm BKV has partnered with a midstream energy company on the development of a carbon capture and sequestration (CCS) facility at a natural gas plant in South Texas.

Privately owned US oil and gas producer Validus Energy is poised to acquire rival 89 Energy III for approximately $850m, including debt.

TotalEnergies and Aker BP have initiated an independent review to potentially increase their stakes in Equinor’s Johan Sverdrup oilfield, considered to be the “largest” producing field in the North Sea.

Brazilian oil company Petrobras has signed a strategic term contract with Bharat Petroleum Corporation (BPCL) for the supply of Brazilian crude oil grades.

Exxon Mobil has applied for environmental permits for its eighth project, Longtail, in Guyana, marking its first venture to generate gas not linked to oil production.

Chevron has announced plans for a significant workforce reduction, targeting a 15%-20% reduction by next year as part of its cost-cutting strategy.