North America added nine rigs week on week, according to Baker Hughes’ latest rotary rig count, which was released on June 7. Although the U.S. dropped six rigs week on week, Canada added 15 during […]
(Bloomberg) – Noble Corp., the world’s biggest offshore oil-rig contractor by market value, agreed to buy its smaller competitor Diamond Offshore Drilling Inc. in a deal valued at $1.6 billion. Diamond stockholders will receive 0.2316 […]
BRUSSELS — Europe’s conservatives are ecstatic. The European People’s Party (EPP) scored a clear victory in Sunday’s European Parliament election, tightening its grip on the chamber even as far-right groups made major gains across the […]
Europe’s switch from Russian pipeline gas to LNG has increased energy costs, despite claims of overcoming dependence without adverse effects. Upcoming winters could see higher gas prices due to increased demand and the end of […]
Russia’s budget revenues from oil and gas soared by 73.5% in January-May of 2024 compared to the first five months of 2023, according to data from Russia’s finance ministry released on Monday. Between January and […]
If you live or work in the Lone Star State, you may be aware that the Electric Reliability Council of Texas (ERCOT) has revealed that power reserves were critically low in early May. More recently […]
LITTLETON, Colorado, June 6 (Reuters) – Scorching temperature forecasts for the western U.S. over the coming days look set to kick-start the high season for natural gas use in the California power system, when the […]
It is very simple. The cost of storing electricity is so huge it makes getting through a single windless night under a net zero wind, solar, and storage plan economically impossible. This is especially true […]
Four political groups have sent letters to the European Parliament President asking for further details, action, and “responsibilities” related to a recent data breach that affected a significant amount of employees’ personal data, including […]
EU election results will show Hungarians that Prime Minister Viktor Orbán’s government can be replaced, political newcomer Péter Magyar said after a campaign rally on Saturday (7 June) attended by tens of thousands on […]
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