The Department for Energy Security and Net Zero has confirmed the titles and responsibilities of its new ministerial team. Sarah Jones is the Minister for Industry. Her role includes overseeing industrial strategies and policies. Lord Hunt […]
Oil prices continue to experience significant fluctuations driven by geopolitical tensions. Conflicts in the Middle East and disruptions related to the Russia-Ukraine war are contributing to this volatility, according to a report by global financial […]
Ofgem has stressed the importance of local planning in supporting GB Energy’s mission to develop cleaner, cheaper power. According to Eleanor Warburton, Ofgem’s Director, Energy Systems Management and Security sometimes the best solution aligns with […]
U.S. refining capacity increased this year for the second time since the COVID-19 pandemic, according to our annual Refinery Capacity Report. U.S. operable atmospheric crude oil distillation capacity, the primary measure of refinery capacity, totaled 18.4 […]
Valaris has seen two more of its jackup rigs suspended in Saudi Arabia, after Aramco’s initial move to cut more than 20 units across eight contractors earlier this year. The New York-listed offshore driller said […]
Nvidia -7% today, -23% since July 10. But afterhours, it rose when Microsoft outlined what it’s spending on AI infrastructure. By Wolf Richter for WOLF STREET. Microsoft reported earnings today afterhours for its fiscal Q4, and as you’d […]
Abu Dhabi’s national oil company ADNOC has raised the production capacity at one of its offshore oilfields by 25% using AI technology as the United Arab Emirates looks to boost its total crude oil production […]
Russian seaborne crude oil exports have dropped to their lowest level since August 2023, as Russia’s refinery runs are rising and Moscow is working to comply with its OPEC+ production quota, tanker-tracking data monitored by […]
Oil prices continued to fall on Tuesday morning, ignoring the rising geopolitical risk in the Middle East and the potential of a supply disruption in Venezuela. Concerns about global demand continue to drive bearish sentiment […]
U.S. oil and gas industry thrived under Biden, with major oil companies doubling profits and energy shares up 117%. Harris likely to continue Biden’s policies, while Trump may push for deregulation and increased production, potentially […]
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