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…
Swedish Industrial Giants Bet Big on Small Modular Nuclear Reactors
Sweden’s biggest industrial firms have signed an agreement with Vattenfall to become shareholders in the power giant’s new company, Videberg Kraft AB, which plans to build small modular reactors (SMRs)…
Eni and Petronas to Launch 8 Upstream Projects in Southeast Asia
Eni and Petronas plan to start up as many as eight new projects in Indonesia and Malaysia over the next three years, Eni’s chief executive Claudio Descalzi told Malaysia’s national…
India Races to Replace Russian Oil With U.S., Iraqi, and UAE Crude
Two Indian refiners bought a total of 5 million barrels of crude oil from the United States, Iraq, and the UAE on the spot market as they seek alternatives to…
