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Oil Field
Baker Hughes Sees Bright 2023 for U.S. Oil
Baker Hughes Co. reported third-quarter results and posted a loss, compared with a profit last year.
European Renewable PPA Prices up 51% In Third Quarter
Solar PPA prices rose almost twice as much as wind prices, new report suggests.
Tidal Energy
U.S. To Provide Millions in Funding for Tidal Energy and River Current Systems
DOE says the funding opportunity represents the “largest investment in tidal and river current energy technologies in the United States.”
OPEC
Iraq Reiterates Support for OPEC+, Saudi Arabia
Iraq's foreign ministry said late on Tuesday that it refuses any threatening or pressuring policy.
Oil Price
Biden to Lay Out Plan to Complete Emergency Oil Sales, Support U.S. Production
U.S. President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation's emergency oil reserve by year's end, an…
Oil Refinery
Exxon Mobil Says French Refineries Could Take 2-3 Weeks to Fully Restart
Exxon Mobil's 140,000 barrel per day (bpd) fos-Sur-Mer and 240,000 bpd Port Jerome-Gravenchon oil refineries in France could take 2-3 weeks to fully restart aft…
Ireland
Ireland to Extend Business Energy Supports to Newly Opened Businesses
Irish businesses that have opened in the last year will be able to avail of an energy grant scheme that was initially limited to those that had been established…
Oilfield Services Giants Are Primed to Post Very Strong Earnings
The biggest oilfield services providers are expected to report this week and analysts expect a strong set of results for the third quarter. In fact, expectation…
Oil Field
Norway’s Equinor Considers Buying Chinese North Sea Oilfields
Reuters reported on Monday that Norway's Equinor ASA is considering buying oilfields in the British North Sea from China's CNOOC Ltd.
Solar Power Panel
Renewables Investment Outstrips Oil and Gas for First Time
Rystad Energy report finds that capital investments in renewables reached $494bn in 2022, compared to $446bn into oil and gas for the same period.
20th CPC National Congress
20th CPC National Congress | China’s Commitment to the World in Key CPC Blueprint Bolsters Global Confidence
China will accelerate creating a new development pattern and pursue high-quality development, said Xi Jinping while delivering the report to the key CPC congres…
Natural Gas
BP Buying Leading RNG Production Group in $4.1 Billion Deal
British oil major BP is continuing to diversify its energy portfolio, announcing a deal to acquire a company considered an industry leader in production of rene…
Offshore Wind Power
Australian Aluminium Smelter Powered by Offshore Wind
The Australian Renewable Energy Agency (ARENA) has announced AUS$1.5 million (US$941,000) in funding to accelerate the development of a 1000MW offshore wind far…
CCS
Global Carbon Capture Project Pipeline Swells 44% in Past Year-Report
The pipeline for projects to capture and store carbon emissions has grown around 44% in the past twelve months to 244 million tonnes a year, the Global CCS Inst…
Electric Car
E-Bus Deal Puts Oslo on Track for Zero-Emissions Public Transport Goal
Oslo is on course to become the first capital city in the world with an all-electric public transport system, targeting that goal for the end of 2023 as part of…
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