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 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…
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…
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…
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…
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…
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…
Orano completes return of nuclear waste to Germany
Thursday, 21 November 2024 The La Hague site in northern France (Image: Orano) Between 1977 and 1991, contracts for the treatment of used fuel were signed by Orano with German…
Netherlands new nuclear: Amentum selected to evaluate options
Thursday, 21 November 2024 Borssele nuclear power plant (Image: Amentum) In December 2021, the Netherlands’ new coalition government placed nuclear power at the heart of its climate and energy policy.…


As Trump Claims Victory, Iran Emerges Bruised But Powerful With Leverage Over Hormuz
US Crude Output to Fall Next Decade on Sub-$70 Brent Price Forecast, EIA Says
Traders Place Large $950 Million Bet on Oil Price Falling Hours Ahead of Ceasefire
Exxon Plans Spring and Year-End Overhauls at Beaumont, Texas Refinery, Sources Say
US Crude Stocks Rise, Gasoline and Distillate Inventories Fall, EIA Says
What the US, Iran, Israel and Pakistan Have Said About the Ceasefire
Aker BP Fast-Tracks Symra Startup as DNO Ramps Up North Sea Growth
Trump Announces 50% Tariffs on Nations Supplying Iran With Weapons
India Set to Import First Iranian Oil in 7 Years
European Natural Gas Futures Slump by 20% on Ceasefire Relief










