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Oil Price

Oil Climbs After Saudi Arabia Hikes Prices

A view shows the Yan Dun Jiao 1 bulk carrier in the Vostochny container port in the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022…

Distributed Grid

Saudi Electricity Company Aligns Financing for Two Ipps Projects With 3.6 GW Combined Ccgt Capacity

For the first time since Moscow launched its full-scale attack on Ukraine more than two years ago, the EU is expected to aim its sanction bazooka at Russia&rsqu…

Oil&Gas Drilling

Egyptian Oil & Gas Firm Books Jack-up Rig on 21-Month Drilling Gig in Gulf of Suez

ADES Holding Company, part of Saudi Arabia-headquartered oil and gas drilling services provider ADES Group, has secured a new drilling assignment for one of its…

Offshore Wind Power

ACWA Power Signs $4.85 Bln Deal for Central Asia's Largest Wind Power Plant

ACWA Power signed a Power Purchase Agreement (PPA) with the National Electric Grid of Uzbekistan for Central Asia’s largest wind farm — the Aral 5GW Wind…

Geothermal Power Project

Oil to Evaluate India Geothermal Potential in Arunachal Pradesh, Assam

Lake at Tawang, Arunachal Pradesh, India (source: TheSomdeep, CC BY-SA 4.0, via Wikimedia Commons)Oil India Limited (OIL) will be working with the Centre for Ea…

Geothermal Drilling

Geothermal Research Drilling Commences in North Brabant, Netherlands

Drilling at the Krukweg location in Heijningen, North Brabant, Netherlands (source: SCAN)A research drilling campaign has started at the first of three sites ac…

Oil & Gas Supply

Abu Dhabi's ADNOC Says Oil Production Capacity Reaches 4.85 Million Bpd

A general view ADNOC Headquarters lit up in the colours of the Russian flag in solidarity with Russia after a deadly attack at a Moscow concert venue, in Abu Dh…

Coal Trade

Australia's Second-Largest Pension Fund Blacklists Thermal Coal Investments

The sun shines above high tension power lines in an industrial area of west Sydney July 12, 2011. REUTERS/Daniel Munoz Purchase Licensing RightsAustralian pensi…

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…

LNG

LNG Producer Cheniere's Export Volumes Fuel Core Profit Beat

The logo of Houston-based liquefied natural gas company Cheniere seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 202…

Nuclear Fuel

Ban on Russian Uranium Helps US Build Nuclear Fuel Capacity, Official Says

Xcel Energy's Monticello Nuclear Generating Plant is seen in Monticello, Minnesota, U.S. March 27, 2023. REUTERS/Adam Bettcher/File Photo Purchase Licensing…

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

British Regulator Awards More North Sea Oil and Gas Licences

Britain's oil and gas regulator on Friday awarded 31 new hydrocarbon exploration licences as part of efforts to extend production in the ageing basin.The li…

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…