Act

Crude Oil

ADNOC Drilling Contract as UAE Steps up Oil & Gas Production

ADNOC Offshore awards US$980m contract for the hire of two jack-up offshore rigs and associated manpower and equipment.

Net Zero Emission

Carbon Credit Use Could Curb Company Climate Action, Warns UK Advisers

The use of cheap carbon offsets by companies to meet net zero targets could curb their efforts to cut emissions and slow the delivery of climate goals.

United States

U.S. Power Use to Reach Record High in 2022 as Economy Grows, Weather Hotter -EIA

U.S. power consumption will rise to a record high in 2022 due to rising economic activity and hotter summer weather.

LNG

Chevron Sees LNG Growth Opportunity in Europe on Strong Demand- Top Executive

U.S. oil major Chevron Corp expects high European prices for liquefied natural gas (LNG) to attract a majority of U.S. LNG exports in the short term, a top exec…

Net Zero Emission

Canada's Watchdog Launches Investigation Into RBC Over Climate Complaints

Canada's Competition Bureau has launched an investigation into Royal Bank of Canada (RY.TO) over allegations that the country's largest lender had misled custom…

Electricity Transmission

Romania Secures €420m+ for Massive Grid Overhaul

Contracts have been signed valuing €424.4 million ($411.8 million) for nine projects to oversee the digitisation and modernisation of Romania’s transmission n…

Crude Oil

White House Leaves Door Open for Additional SPR Releases

The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the n…

Wind Farm

ENERCON and Enerjisa ÜRetim Partner on 1GW Wind Farm in Turkey

German wind turbine manufacturer ENERCON and Turkish renewables investor Enerjisa Üretim are teaming up to implement the YEKA RES 2 onshore wind energy project…

Austria

Austria Seeks Allies for Legal Challenge to EU Green Investment Rules

Austria said on Monday it was seeking to enlist other European Union countries to support its legal action against Brussels for labelling investment in gas and …

Oil Refinery

France’s Fuel Supply Problems Worsen as Refinery Strikes Continue

France’s fuel distribution continues to be disrupted by the ongoing strikes at refineries with no end in sight to the industrial action that has left more than…

Adnoc Drilling Secures $1.53bn Contract to Boost Adnoc's Offshore Operations

More than 80% of the contract value will flow back into the UAE economy through Adnoc's In-Country Value programme

OPEC

Saudi Aramco to Maintain Full Oil Supplies to Asia in Nov Despite OPEC+ Cuts

Saudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude oil in November ahead of the peak winter season.

Doosan ŠKoda Bags Contract to Upgrade Czech CHP Plant

Steam turbine producer Doosan Škoda Power has signed a contract with energy company Elektrárny Opatovice (EOP) to replace a TG3 steam turbine at the Opatovice…

Philippines

Philippine President Encouraging Most Competitive Energy Sources Including Russian Fuel

Philippine President Ferdinand Marcos Jr is encouraging local energy firms to tap fuel supplies from "the most competitive sources", including Russia, to mitiga…

OPEC

Saudi Aramco to Keep Full Oil Supplies to N. Asia in Nov Despite OPEC+ Cuts

Saudi Aramco has told at least five customers in North Asia they will receive full contract volumes of crude oil in November