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Oil&Gas Drilling

Adnoc Drilling Lands $1.7bn Contract for UAE's Energy Resources

Adnoc Drilling has been awarded, by Adnoc, a $1.7 billion contract to provide drilling and associated services for the recovery of unconventional energy resourc…

Crude Oil

India Saved $25 Billion by Importing Russian Crude Oil: Ministry Data

Imports of petroleum products also saw a dip in terms of value from $28.2 billion in 2022-23 to $25.1 billion in 2023-24Russian crude supplies and lower interna…

Biofuel

USDA Predicts 14 Billion Pounds of Soybean Oil Will Go to Biofuel Production for 2024-'25

The USDA currently predicts soybean oil use in biofuel production will increase by 1 billion pounds to 14 billion pounds for 2024-25, according to the agency&rs…

Hydrogen Project

Clean Hydrogen Investment Exceeds 73 Bln USD in Canada

The Canadian federal government said Friday the total announced project investment into the clean hydrogen production has exceeded 100 billion Canadian dollars …

India

India Fires up Coal Use and Emissions During Election, Heat Wave

Smoke billows from the cooling towers of a coal-fired power plant in Ahmedabad, India, October 13, 2021. REUTERS/Amit Dave/File Photo Purchase Licensing RightsI…

Gas Pipeline

Canadian Utilities Plans C$2 Billion Alberta Natural Gas Pipeline

Canadian Utilities (CU.TO), opens new tab said on Wednesday it is developing a C$2 billion ($1.46 billion) natural gas pipeline project in Alberta to transport …

Oil & Gas Trade

ADNOC Gas Reports $6 Billion Revenue in Q1 2024 With Significant Natural Gas Project Milestones

According to a financial report, ADNOC Gas delivered robust Q1 2024 results, with revenues increasing by 15% year-on-year to $6 billion, underpinned by a strong…

Oil & Gas Trade

BP Profit Slides by 40% as Refinery Outage Offsets Higher Output

BP's (BP.L), opens new tab first-quarter earnings plunged by 40% to $2.7 billion, missing forecasts after lower energy prices and a U.S. refinery outage off…

Oil & Gas Trade

BP Q1 Profits Slump to $2.7 Billion, Missing Forecasts

BP (LON:BP) reported on Tuesday first-quarter earnings of $2.7 billion, down 40% from a year earlier and missing forecasts due to lower oil and gas prices and a…

Oil & Gas Trade

Russia Plans to Pipe 35 Bcm of Gas to China via Kazakhstan, Tass Reports

Russia plans to send some 35 billion cubic metres (bcm) of natural gas per year to China via Kazakhstan, the TASS news agency reported on Saturday citing Kazakh…

Oil & Gas Trade

Shell Smashes Forecasts With $7.7 Billion Quarterly Profit

Shell (SHEL.L), opens new tab reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian re…

Oil & Gas Trade

Exxon Mobil Completes $60 Billion Deal for Pioneer Natural

A 3D printed natural gas pipeline is placed in front of displayed ExxonMobil logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/F…

Oil & Gas Trade

Occidental Explores Sale of Permian Assets Worth Over $1 Billion, Sources Say

The unstaffed lobby of the North Dakota regional headquarters of oil producer Occidental Petroleum Corp is seen in Dickinson, North Dakota in this October 14, 2…

Biofuel

Mubadala Capital Plans $13.5 Billion Biofuels Investment in Brazil, Financial Times Reports

Abu Dhabi's Mubadala Capital intends to invest about $13.5 billion on a major biofuels project in Brazil over the next decade, under broader plans for the c…

Offshore Wind Power

Romania Towards Energy Independence and Resilience

The Romanian Parliament adopts the country’s first Offshore Wind Energy Law.This bill comes at a time when the country needs to assert its energy independ…