Baker Hughes to supply key equipment for Alaska LNG
Energy technology company Baker Hughes will supply the main refrigerant compressors and power generation equipment for the Alaska LNG North Slope project. Alaska LNG is majority-owned and being developed by…
Oil Prices Slip Despite Lukoil Declaring Force Majeure in Iraq
Crude oil prices opened lower today even after Russia’s Lukoil declared force majeure on its operations in one of Iraq’s biggest oil fields because of the latest U.S. sanctions. At…
Renault in Talks with Chinese Supplier for Next-Gen EV Motor Technology
Renault is in talks with a Chinese supplier to develop electric-vehicle motors that do not rely on rare earth elements, Reuters reported on Monday, in a move that comes as…
Norway’s $2.1 Trillion Oil Fund Seeks Renewables Deals in U.S.
Norway’s $2.1-trillion oil fund is looking to invest in renewable energy assets in the U.S. and expand its clean energy portfolio in Europe, a senior executive at the world’s largest…
Venture Global Swings to Massive Q3 Profit as LNG Sales Explode
U.S. LNG exporter Venture Global (NYSE: VG) booked a net income for the third quarter, compared to a loss a year earlier, as revenues and LNG exports soared amid rising…
Europe Energy Giants Exceed Expectations in Q3
Europe’s energy firms did much better than expected in the third quarter, as stronger refining margins offset the impact of subdued oil prices, though the outlook going into 2026 remains…
Governments race to secure Lukoil assets as U.S. sanctions deadline nears
(Bloomberg) – Governments across Europe and the Middle East are rushing to ensure the sprawling oil operations of Russian energy giant Lukoil PJSC can keep running after the U.S. Treasury…
Lukoil Declares Force Majeure at Huge Iraqi Oilfield After U.S. Sanctions
Russian oil giant Lukoil has declared force majeure at the 400,000-barrels-per-day West Qurna-2 oilfield in Iraq after the U.S. sanctions on Russia’s top oil firms, sources familiar with the matter…
Shell Abandons Two Major UK Offshore Wind Projects
Shell has exited two offshore wind power projects in Scotland as the world’s top oil and gas firms continue to scale back their investment and involvement in renewable energy. Shell…
China Car Sales Fall as Government Incentives Dry Up
Total passenger car sales in China declined in October from a year earlier for the first time in months as trade-in incentives and subsidies for new vehicle purchases are being…
