Oil price steadied by geopolitical risks and Chinese imports, analysts say

Crude oil futures remain steady, supported by geopolitical tensions and a rebound in Chinese crude imports, according to a Pepperstone analyst. The ongoing conflict in Ukraine continues to threaten supply…

MOL Group signs exploration agreement with Kazakhstani national oil company, KazMunayGas

MOL Group and Kazakhstani national oil company KazMunayGas (KMG) have signed today a cooperation agreement to jointly explore opportunities in the oil, gas and petrochemical sector. This agreement builds on…

  • Oil
  • November 21, 2024
Kuwait plans $30 billion, five-year spend strategy to boost oil production

(Bloomberg) – Kuwait Petroleum Corp. plans to spend about 10 billion dinars ($33 billion) over five years to ramp up oil production capacity, betting on robust demand for decades to…

  • Oil
  • November 21, 2024
Oil price steadied by geopolitical risks and Chinese imports, analysts say

Crude oil futures remain steady, supported by geopolitical tensions and a rebound in Chinese crude imports, according to a Pepperstone analyst. The ongoing conflict in Ukraine continues to threaten supply…

  • Oil
  • November 21, 2024
Nostra Terra raises £500,000 to increase production, cash flow from Pine Mills assets

Nostra Terra, the international oil & gas exploration and production company with development and production assets in Texas, U.S., has announced a successful fundraise supported by institutional investors, Directors and…

  • Oil
  • November 21, 2024
Miros launches PredictifAI technology to predict wave and vessel motion

Miros has launched its new wave and vessel motion prediction technology — PredictifAI, which delivers a monitoring solution that automatically adapts to varying sea and weather conditions. PredictifAI pairs…

  • Oil
  • November 21, 2024
DeepOcean wins landmark 8-year Equinor contract for subsea IMR work

Ocean services provider DeepOcean has been awarded its largest contract on record, a long-term subsea inspection, maintenance and repair (IMR) contract by Equinor. The eight-year contract will set a new…

  • Oil
  • November 21, 2024
Energy Maritime Associates expects $126 billion investment in new Floating Production Units

From 2025-2029, Energy Maritime Associates (EMA) expects orders for 119 Floating Production Systems, with a Capital cost of $126 Billion, in its mid-case forecast. Over 70% of this investment would…

  • Oil
  • November 21, 2024
MOL Group signs exploration agreement with Kazakhstani national oil company, KazMunayGas

MOL Group and Kazakhstani national oil company KazMunayGas (KMG) have signed today a cooperation agreement to jointly explore opportunities in the oil, gas and petrochemical sector. This agreement builds on…

China’s first commercial nuclear district heating scheme expands

Thursday, 21 November 2024 (Image: SPIC) According to State Power Investment Corporation (SPIC) – parent company of Shandong Nuclear Power Company –  the district heating network is expected to supply…