Paratus John Fredriksen-backed Paratus Energy Services has received a suspension notice for one of its jackup rigs working for Pemex offshore Mexico. The Oslo-listed Paratus said that the jackup Courageous would temporarily cease operations for […]
Will Rose / Greenpeace The UK has imposed its largest wave of sanctions to date against Russia’s shadow fleet, including ships found not to be carrying correct insurance while transiting the English Channel. Alongside the […]
Daily Standup Top Stories Tesla Excluded From EV Buyer Credits in California Proposal November 25, 2024 Clark Savage (Bloomberg) — Tesla Inc.’s electric vehicles would be excluded from consumer rebates proposed by California’s governor, a decision […]
Global oil demand continues to surprise on the upside, BP Plc (NYSE:BP) Chief Executive Murray Auchincloss told the Energy Intelligence forum in London on Monday, saying that oil demand kept rising on average by more or […]
Saudi Arabia and its allies had two words they didn’t want to see repeated in a COP29 deal: “fossil fuels.” The faction got their way after two weeks of bitter negotiations in Azerbaijan, reversing gains made […]
Texas Pacific Land, a large owner of acreage in the Permian basin, will replace Marathon Oil in the S&P 500 index on November 26, as Marathon Oil is being acquired by ConocoPhillips in a deal […]
Russia’s crude oil exports by sea have dropped to a two-month low of 3.28 million barrels per day. The decline is attributed to reduced shipments from the Baltic, Black Sea, and Arctic ports, while Pacific […]
President-elect Donald Trump intends to revive the construction of the Keystone XL pipeline on his first day in office—just like President Biden shut it down on his first day in office. A Politico report citing unnamed sources […]
For months, the IEA has struck a bearish tone and warned of a large surplus coming to the market in 2025. Global inventories have been drawing down at a much larger rate than the IEA […]
Saudi Arabia is leading opposition to restating commitments to phase out fossil fuels made at COP28, creating a significant hurdle at COP29. Climate experts are calling for a restructuring of UN climate summits, arguing that […]
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