Uniper Shrugs Off Europe’s Growing Reliance on American LNG
Uniper is not concerned that Europe now gets more than half of its LNG supply from the United States, as it is the most economical solution while buyers seek to…
USA Expected to Produce Almost 1/4 of Global Oil Output
The U.S. is projected to produce almost a quarter of the world’s petroleum and other liquid fuels output in 2026 in the U.S. Energy Information Administration’s (EIA) latest short term…
bp, Kuwait Oil Company extend technical services agreement through 2029
(WO) – Kuwait Oil Company (KOC) and bp have extended their Enhanced Technical Services Agreement (ETSA) through March 2029, continuing bp’s technical support for enhanced oil recovery (EOR) and field…
Trafigura Calls for a Rethink of LNG Project Funding
The current financing model for most LNG export projects, where banks require a large part of the future volumes to be contracted in advance in long-term deals, needs to change,…
India Weighs Cheap Russian Oil Against Costly U.S. Trade Commitments
Russia’s flagship crude, Urals, is being offered in India at a widening discount to Brent, with the differential now at $11 per barrel and testing the appetite of Indian refiners…
Eni Expects ‘Very Finely Balanced’ LNG Market This Year
Contrary to forecasts of an LNG supply glut as soon as this year, Italy’s energy major Eni expects a “very finely balanced” market in 2026 as European demand is set…
Equinor Slashes 2026 Buybacks as Low Oil Prices Persist
Equinor (NYSE: EQNR) slashed the amount of share repurchases for 2026 to $1.5 billion from $5 billion last year while it narrowly missed earnings estimates for the fourth quarter of…
Texas Upstream Employment Rises
Employment in the Texas upstream sector increased between November and December 2025. That’s what the Texas Independent Producers and Royalty Owners Association (TIPRO) said in a statement sent to Rigzone…
