Imperial Oil to Axe 20% of Workforce on Glut Predictions
Imperial Oil, an Exxon oil sands subsidiary, is planning to reduce its workforce by 20% in anticipation of lower oil prices brought on by an expected supply overhang next year.…
Messer signs long-term helium supply deal with QatarEnergy
Privately held industrial gas major Messer has signed a deal to purchase around three million cubic meters of helium annually from state-owned energy company QatarEnergy. Under the long-term sales and…
Namibia hydrogen drive takes shape but demand side still uncertain
Namibia is moving forward with plans to establish itself as a green hydrogen trading centre and export hub. The official opening of Cleanergy Solutions Namibia’s green hydrogen production and refuelling…
Air Liquide invests €130m in new ASUs for Singapore chip industry
Industrial gas major Air Liquide will build two air separation units (ASUs) to support the expansion of a Singapore-based semiconductor manufacturer in a deal worth €130m. The plants will produce…
Oil and Gas Companies Need to Brace for a Tough 2026
Oil and gas companies need to brace for a tough 2026, Wood Mackenzie warned in a statement sent to Rigzone recently. In the statement, Wood Mackenzie highlighted that, according to…
PG&E Launches $73B California Grid Plan to Feed Starving AI
Pacific Gas and Electric has unveiled a $73-billion spending program through 2030 to overhaul California’s grid as electricity demand from artificial intelligence and cloud infrastructure explodes, Reuters reported on Monday.…
Russia Signals Lower Gas Prices for China Compared With Europe and Turkey
Russia expects to sell natural gas to China at significantly lower prices than it charges in Europe and Turkey, according to a draft outlook from the Economy Ministry tied to…
Russia Expects Oil and Gas Revenue at Lowest in Years
The Russian government expects the oil and gas industries’ contributions to the national budget this year to drop to the lowest since the pandemic of 2020 after prices for its fuels…
Crude Oil Prices Plunge Over 3% as OPEC+ Signals More Supply
Crude futures slumped on Monday, extending their biggest single-day slide in weeks as OPEC+ signaled it may press ahead with another round of output increases despite production shortfalls across the…
Falling Energy Revenues Force Algeria to Plan $2.3-Billion Bond
Declining revenues from oil and gas amid lower prices this year have prompted the Algerian government to consider a bond issue to raise the equivalent of $2.3 billion. Algeria’s government…
