Trafigura Oil Head Says Assets Support Profit
Trafigura moves enough oil daily to supply France three times over and is the world's biggest metals trader.
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Oil Holds Steady Amid Russia Sanction Uncertainty
Traders balanced geopolitical risks with bearish supply forecasts, keeping WTI range bound.
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Saipem Bags $1.5B Offshore Contract
'With the signing of this new contract, the company further consolidates its presence in Turkiye', Saipem said.
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USA Urges G7 Sanctions on Russian Oil
The U.S. will urge its allies in the Group of Seven to impose tariffs as high as 100 percent on China and India for their purchases of Russian oil.
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B&W, Denham Capital Partner to Power Data Centers
The partnership will focus on converting underutilized coal-fired power plants into gas-run plants.
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DOE Earmarks $134MM for US Fusion Tech Programs
The funding supports the FIRE and INFUSE programs, which aim to position the U.S. as a leader in emerging fusion technologies.
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USA EIA Reveals Latest Brent Oil Price Forecast
'We expect the Brent crude oil price will decline significantly in the coming months', the EIA warned.
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ReconAfrica Signs PSC for Asset Offshore Gabon
For the initial four-year term of the PSC, ReconAfrica plans to execute detailed geological and geophysical studies, advance 3D seismic reprocessing on an existing database, and drill one well on the block.
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Oil and Gas Workforce Shrinks
The number of employees in the oil and gas extraction industry has dropped by thousands since the start of the year, data on the U.S. Bureau of Labor Statistics website shows.
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Norway Opens Block Nominations for Next Leasing
Area nominations for the 26th leasing round for the Norwegian continental shelf are due October 1.