Oil and gas contractor Saipem has confirmed a €580 million downgrade in profits for 2021 due to difficulties with offshore wind farms. It had previously issued a profit warning, citing delays in critical supplies and revised […]
Climate change is a clear and present threat to Texas, our economy and our people. Addressing this threat demands responsible, pragmatic policies that require all Texans to come together. Energy is an especially important policy […]
The United States and the European Union have made substantial steps to ensure and strengthen European energy security, reduce reliance on Russian fossil fuels, and reduce Europe’s overall reliance on gas. As part of their […]
HollyFrontier Corporation and Holly Energy Partners, L.P., announced the establishment of HF Sinclair Corporation as the new parent holding company of HollyFrontier and HEP and the completion of their respective acquisitions of Sinclair Oil Corporation and […]
Gazprom has reduced its natural gas exports to countries outside the former Soviet Union by 28.5 percent so far this year, Russia’s state gas giant said on Tuesday. Gazprom’s natural gas exports to Europe and […]
The American Petroleum Institute (API) estimated that there was a surprise build this week for crude oil of 3.754 million barrels, compared to analyst predictions of a 1.867 million barrels draw. U.S. crude inventories have shed some […]
A crude oil shortage is invariably bad news for those that consume oil products. But when it comes to these products, a diesel shortage has the potential to be even more devastating than a crude […]
The Russian war in Ukraine exposed Europe’s high energy dependence on Russian oil and gas and made Western governments rethink their energy policy strategies. Some, like the United States and the United Kingdom, which can […]
Oil and gas producers drove a surge in share buybacks in the fourth quarter, before energy prices hit their highest in over a decade this year, according to data from S&P Dow Jones Indices. The […]
Boris Johnson will set up an energy task force to bolster the UK’s oil, gas and nuclear supplies as he plots a way out of the energy crisis. Two senior industry experts at its head will […]
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