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Oil & Gas Trade
Equinor Q3 Profit Lags Forecast, Sees Lower Capital Expenditure
Equinor (EQNR.OL), on Thursday reported a sharper-than-expected decline in third-quarter profits, hit by weaker oil prices and lower production, and cut its ful…
Decarbonization
Iberdrola Profit Jumps 50% As Focus On US, Britain Pays Off
Europe's largest utility Iberdrola (IBE.MC), opens new tab posted on Wednesday a 50% increase in net profit for the first nine months of the year, in a sign…
Oil&Gas Drilling
Six-Well North Sea Drilling Campaign With $690 Million Price Tag Coming up Next Year to Unleash More High-Value Barrels
Norwegian oil and gas player Vår Energi has greenlighted a final investment decision (FID) for a multi-well drilling program, which aims to develop the ne…
Carbon Emissions
Hanwha Ocean Partners With GCMD to Advance Maritime Decarbonization
The Global Centre for Maritime Decarbonization (GCMD) and Hanwha Ocean have signed a five-year strategic partnership to advance maritime decarbonization in the …
Energy Transition
Snam to Invest €14.5BN in Gas Grid for Green Fuels Transition
talian gas grid operator Snam has announced a significant investment of €14.5bn ($15.72bn) to adapt its infrastructure for the energy transition.This inves…
Carbon Storage
Port-la Nouvelle Poised to Become ‘A Key Hub’ for Green Hydrogen and CO2
A consortium of partners is looking to establish an essential hub for low-carbon hydrogen and CO2 management in the Mediterranean within Port-La Nouvelle in Fra…
Decarbonization
UK Backs Green Shipping Corridor Projects With Fresh Funding
The UK Government has decided to award funds for new green shipping corridor projects that could boost the use of sustainable fuels, secure more green jobs, and…
Oil & Gas Trade
China’s September Refinery Output Falls for the Sixth Straight Month
China's refinery output fell 5.4% last month versus a year earlier, official data showed on Friday, declining for a sixth consecutive month even with the st…
Crude Oil
U.S. Crude Oil Stockpiles Fall Unexpectedly
U.S. crude oil stocks fell unexpectedly last week as refineries raised their capacity use and a decline in imports offset an increase in production to a record …
Oil&Gas Drilling
Totalenergies Expects Continued Refining Weakness, Lower Hydrocarbon Production
TotalEnergies TTE 0.76%increase; green up pointing triangle said continued pressure on refining margins would take a toll on its downstream results for the thir…
CCS
MOL to Investigate Ship Transportation of LCO2 for Kyushu West Offshore CCS Project
As informed, the research is commissioned by the Japan Organization for Metals and Energy Security (JOGMEC) as the Engineering Design Work for Advanced CCS Proj…
CCS
Trio Enriches Offshore Electrification of Oil & Gas Assets in UK and Norway With Carbon Capture
Three players – Amplus Energy, EnQuest’s Veri Energy, and Ocean-Power – have embarked on a decarbonization mission to bring offshore electrifi…
Wind Turbine
Wind-Powered, Diesel-Electric Amadeus Saffier Joins HGK Shipping
Amadeus Schiffahrts- und Speditions, a subsidiary of German shipping company HGK Shipping, has enhanced its charter fleet with Amadeus Saffier, a wind-powered d…
Offshore Wind Power
Ignitis Group to Participate in Lithuania’s Offshore Wind Auction
Ignitis Group, a Lithuania-based energy company, has decided to bid in the country’s second offshore wind tender.The tender, set to commence in mid-Novemb…
Solar project
Clean Energy to Become Largest Source of Power in Mid-2030s, Says Iea
Clean-energy sources are set to grow at a faster pace than global energy demand by the end of the decade, becoming the largest source of energy in the mid-2030s…
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