Green hydrogen ‘growing strongly’ albeit from small base
OPEC Data Indicate Small Q2 Surplus Ahead of Key OPEC+ Decision on Resuming Oil Output Hikes
By OPEC sees 400,000 bpd drop in demand for OPEC+ oil in Q2 vs Q1 OPEC+ is pausing production hikes in first-quarter 2026 OPEC+ eight members meet on March 1,…
Trump Allows U.S. Firms to Provide Services for Venezuela’s Oil
The Trump Administration has further eased the sanctions on Venezuela’s oil industry by allowing U.S. firms to provide services and technology for hydrocarbon exploration and production in the South American…
TotalEnergies Q4 Profit Slips on Lower Oil Prices
Fourth-quarter earnings at French supermajor TotalEnergies (NYSE: TTE) fell by 13% from a year earlier as higher upstream production and improved refining margins couldn’t offset the decline in oil prices. …
Novatek’s 2025 Profit Tumbles 60% as Sanctions Bite
Russia’s biggest LNG producer and exporter, Novatek, reported on Wednesday a 60% slump in its profit for 2025 from a year earlier. Profit attributable to shareholders of Novatek plunged to…
EIA Sees Brent Price Dropping in 2026 and 2027
In its latest short term energy outlook (STEO), which was released on February 10, the U.S. Energy Information Administration (EIA) projected that the average Brent spot price will drop in…
US Energy Secretary Set to arrive in Venezuela with Herculean Task of Oil Recovery
Summary U.S. Energy Secretary Chris Wright to meet Venezuelan officials, Chevron, Repsol executives Visit follows Maduro’s capture, $2 billion oil deal U.S. aims to reshape global energy markets and pressure…
TotalEnergies Seizes Full Control of Lukoil Refinery in Netherlands
French supermajor TotalEnergies has taken full control of a refinery in Zeeland, the Netherlands, which it co-owned with Russia’s Lukoil, Reuters has reported, citing two unnamed sources. TotalEnergies had acquired…
Trump to Order Pentagon to Buy Coal Power for National Security
President Donald Trump is set to announce an executive order directing the Pentagon to buy electricity from coal-powered plants, Bloomberg reported, citing an unnamed White House official. The order will…
Siemens Boasts Record Gas Turbine Demand
Record demand for gas turbines has pushed Siemens Energy’s order book to an all-time high as well, amid soaring electricity demand that, it appears, cannot be entirely met with new…
