US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks, Says Baker Hughes
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said…
TotalEnergies LNG Project in Mozambique Hits New Financial Snag
The government of Mozambique may not agree with the latest estimate for an LNG project led by TotalEnergies, which said earlier this week the price tag for the facility had…
Japanese Utilities Confident in Replacing Russian LNG
Some of Japan’s biggest utilities believe that they would be able to find alternative gas supply in case they are no longer able to import Russian LNG, executives said this…
Shell to Sign Exclusive Oil Exploration Deal with Angola
One of Africa’s biggest oil producers, Angola, will sign next week an exclusive agreement with Shell under which the supermajor will explore and potentially develop several offshore blocks, Angola’s oil…
Indian Refiner HPCL Says It Doesn’t Need Russian Crude
Russian crude has accounted for a very small portion of supply for Indian state-run refiner Hindustan Petroleum Corporation Limited (HPCL) as oil from Russia has not been economical to run…
The Great AI Buildout Shows No Sign of Slowing
Microsoft and OpenAI inked a deal enhancing the ChatGPT maker’s fundraising ability and OpenAI promptly started laying groundwork for an initial public offering that could value the company at $1…
Saudi Arabia Poised to Cut Oil Prices for Asia Amid OPEC+ Output Rise
Increasing supply and weaker Middle Eastern benchmark prices will likely prompt Saudi Arabia to cut the official selling prices for its crude loading for Asia in December, but a scramble…
India’s Top Refiner Buys Non-Sanctioned Russian Crude
India’s biggest state-held refiner, Indian Oil Corporation (IOC), has acquired five December-arriving cargoes of Russian crude from non-sanctioned entities, trade sources told Reuters as India scrambles to replace sanctioned Rosneft…
Path2 acquires Canadian natural hydrogen start-up ProtonH2
Path2 Hydrogen has acquired a Canadian natural hydrogen company that claims its technology will produce low-carbon hydrogen for less than $0.75/kg. ProtonH2’s ISHG process stimulates natural hydrogen generation in depleted…
AI now has more than 300 use cases, says Linde CEO
Artificial intelligence (AI) has a growing number of use cases across Linde today, according to CEO Sanjiv Lamba. Speaking on of the industrial gas major, Lamba framed the journey the…



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