EU set outs carbon removal standards for DACCS and BioCCS
Oil Tanker Rates Soar Amid Shipping Shortages and Middle East Tensions
Oil tanker rates on the key Middle East-to-China route surged this week to the highest level since November as vessel supply is tightening and persistent tensions around Iran put shippers…
Libya Signals a New Gas Push as Europe Searches for Supply
Libya will step up its natural gas production to be able to supply more of the commodity to Europe, the chairman of the national Oil Corporation said today, as quoted…
Ørsted to Sell European Onshore Business for $1.7 Billion
Ørsted, the world’s largest offshore wind developer, is selling its entire European onshore business as the embattled firm looks to strengthen its balance sheet after a major rights issue last…
Kuwait Seeks Foreign Majors’ Help to Develop Offshore Fields
Kuwait prepares to invite international oil companies to help it develop recently discovered offshore oil and gas fields, Kuwait’s Prime Minister, Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, said on Tuesday. Kuwait…
Qatar Moves to Reclaim Japan’s LNG Market With Major Jera Deal
QatarEnergy is expected to announce a major long-term supply agreement with the biggest power utility in Japan, allowing the world’s second-largest LNG exporter to regain some of the market share…
Devon, Coterra Sign ‘Blockbuster’ Merger Deal
In a joint statement released Monday, Devon Energy and Coterra Energy announced the signing of a definitive agreement to merge in an all-stock transaction. The combination will create a “leading…
Oil Steadies as Investors Weigh Supply, Possible US-Iran de-Escalation
Summary Prices steady after geopolitical risk premiums fade Firm US dollar weighs on oil markets Russia’s Novak expects oil demand to pick up in March, April Reuters) – Oil prices…
COMMENTARY: A $47 Bln Deal Heralds US Oil Boom’s Middle Age
By Robert Cyran NEW YORK, Feb 2 (Reuters Breakingviews) – The United States’ transformation into the world’s biggest oil producer has been dramatic. It is also mostly over. Thanks to…
Marathon Petroleum Profit Beats as Margins Rebound From Multi-Year Lows
Feb 3 (Reuters) – Marathon Petroleum reported fourth-quarter profit above Wall Street estimate on Tuesday, as a 44% jump in refining margins underscored stronger operational performance after a prolonged downturn…
