News

The US Federal Trade Commission declined to challenge Exxon Mobil Corp.'s $60 billion purchase of Pioneer Natural Resources Co.

Oil settled little changed after swinging in a narrow range throughout the session, with a buildup in US stockpiles and a potential cease-fire in the Middle East suppressing a rebound from yesterday's sharp losses.

The lab will focus on converting biomass to fuels with lower greenhouse gas emissions, as well as on carbon capture and utilization using by-product industrial brines.

NOG's first-quarter production was 119,436 barrels of oil equivalent per day (boepd), an increase of 37 percent from the first quarter of 2023.

'This final rulemaking is the opposite of what is needed to create a durable and predictable permitting review process to unleash energy investment in America,' the API said.

'Norway is at the forefront of efforts to promote commercial CO2 storage'.

OPEC+ is expected to prolong oil output cuts into the second half of the year.

'We see Far West Texas power demand more than doubling by 2040 due to electrification trends and cryptocurrency mining growth,' EIR warned.

The two contracts will generate revenue of over $192 million.

The government is expecting the completion and commercial operation of 1,984.775 MW of solar projects, with 966.294 MW expected to come online by June.

Crude oil stocks in the U.S., not including the SPR, stood at 460.9 million barrels on April 26, the EIA revealed.

Seven projects across Finland, Norway, Portugal and Spain are set to receive a total of $771.6 million in the inaugural award of the European Hydrogen Bank.

France received clearance from the European Commission to provide EDF a further $321.6 million for the front-end design phase of a project to develop small modular nuclear reactors.

The EIB will provide a $160.7 million loan to Helen for two new renewable energy projects to transform Helsinki's district heating system.

Saudi Arabia and the European Commission are planning cooperation on renewable power, clean energy technology and carbon capture.

'We need to maintain low costs, otherwise nobody is going to be able to afford the energy transition'.

TotalEnergies SE is increasingly making noise about moving its stock listing to New York.

Oil extended its recent skid as US crude inventories swelled to the highest since June the Federal Reserve signaled fresh concerns about inflation.

Chevron and the partners in PEL82 signed an agreement transferring operatorship of the Namibian offshore lease to the U.S. oil giant.

Saudi Aramco's artificial intelligence innovation dominance places the company ahead of the curve, according to GlobalData.