Saudi Arabia’s gross domestic product contracted again in the second quarter compared to year-ago levels, pushed down by an 8.5% dip in oil activities as the Kingdom is cutting oil production as part of the […]
Air New Zealand has abandoned a goal to cut its CO2 emissions by 2030, blaming delivery delays of new aircraft and costs of alternative jet fuel. Too hard and too costly. That sums up the […]
Shell plc has announced its financial results for the second quarter of 2024, reporting $6.3 billion (£4.9bn) in adjusted earnings. The company also announced a new $3.5 billion (£2.7bn) share buyback programme set to be […]
Holtec, a major player in the nuclear industry, is evaluating potential sites for a new £1.3 billion manufacturing facility for Small Modular Reactors (SMRs) in the UK. Kingmoor Park in Carlisle has been shortlisted along […]
Offshore rig owner Noble Corporation’s harsh-environment jackup rig Noble Regina Allen has gained more work from TotalEnergies in Argentina. The French energy major has exercised two priced option wells on the 2013-built rig at $150,000 […]
Remarkably authorities in the Philippines have had to attend to another distressed vessel in Bataan to the west of Manila, a third ship accident in the area in the space of just one week. Oil […]
Crude oil prices today moved slightly higher, after the Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to July 26. The inventory change compared with a draw of 3.7 million barrels for the […]
Texas crude oil pipelines are nearing capacity, with major pipelines between the Permian Basin and the Port of Corpus Christi currently more than 90% full. Potential export constraints could arise as US crude production continues […]
Iranian Petroleum Minister Owji: Russia and Iran will start working soon on energy corridor. The corridor is now an adjunct project of the US$40 billion four-pronged deal agreed in principle between Russian gas giant Gazprom […]
One business may finally be getting too big for Texas: data centers, those whirring warehouses packed with the electricity-sucking computer servers that power the modern internet and the development of artificial intelligence. Up until now, the […]
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