Duke Energy Corp.’s latest foray into unregulated commercial businesses is its new eTransEnergy subsidiary, which provides vehicle fleet-electrification services. Top commercial executive Doug Esamann says it could grow into a $50 million to $100 million […]
Big oil has a big problem. It’s running out of oil. Energy News Beat Publishers Note (ENB): With the reduction in the big oil companies adding to their reserves, it will have a long-term impact […]
Uganda, Tanzania and oil firms Total and CNOOC on Sunday signed agreements that will kickstart the construction of a $3.5 billion crude pipeline to help ship crude from fields in western Uganda to international markets. […]
An Abu Dhabi sovereign wealth fund may join a group investing in Saudi Aramco’s oil pipelines, in a deal set to be backed by a loan of around $10.5 billion. Mubadala Investment Co., a fund […]
According to reporting from various media outlets, the Iraqi government just entered into an agreement in principle with French energy giant Total to develop four major projects. While three of these projects are related to oil and gas, […]
President Joe Biden’s attempts to mitigate climate change continued to see mixed reviews from New Mexico leaders as the President sought to reduce pollution by slowing fossil fuel production – a major driver of the […]
Energy News Beat Publishers Note (ENB): The data is showing that the greener the energy movement goes – Oil production will also increase. Three reasons: 1: More total energy is being required 2: Green energy […]
Oil switched between gains and losses after Saudi Arabia said it was confident that OPEC+ was right in agreeing to raise output and India posted its strongest oil consumption in 15 months. While West Texas […]
The Norwegian subsidiary of energy firm Shell has sold its downstream liquefied natural gas (LNG) subsidiary Gasnor to Madrid-based Molgas Energy Holding for an undisclosed sum, it said on Thursday. The transaction transfers all of Norske Shell’s complete shareholding […]
Abu Dhabi National Oil Company (ADNOC) is considering listing its drilling business on the local stock market, according to three sources familiar with the matter. The state oil giant says its drilling company is the largest […]
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