The European Commission has cautioned against an EU-wide cap on the price of gas used to produce electricity could result in an increase in gas use and exports of EU-subsidized electricity, according to a document seen by Reuters.
China's oil imports from Russia increased by 22% in September compared to the same month last year, but they lagged Saudi Arabia somewhat as independent refiners increased their purchases of cheaper Russian fuel in response to low local refining margins.
The largest provider of oilfield services in the world Schlumberger has announced that it is rebranding as "SLB" with a new name, color scheme, and logo that emphasizes its goals for a future with less carbon emissions.
QatarEnergy declared that it has chosen Shell as its second international partner in the North Field South (NFS) expansion project, which comprises 2 LNG mega trains that will have a combined capacity of 16 million tons per annum (MTPA) and which will raise Qatar’s total LNG production capacity to 126 MTPA.
Exxon Mobil Corp. shares soared to an all-time high as oil prices resumed their ascent and analysts upgraded their long-term outlooks for the largest U.S. oil producer's cash flow and earnings outlook.
Abu Dhabi National Oil Company (ADNOC) declared that a new world record for the longest oil and gas well has been set at its Upper Zakum Concession.
Employees at TotalEnergies (TTEF.PA) ended their strikes at all but two sites in France on Thursday, a CGT union representative told Reuters, adding that only morning staff at the refineries in Normandy and Feyzin continued the action.
His Highness Sheikh Tamim bin Hamad Al Thani today inaugurated the Al Kharsaah solar power plant that was built by TotalEnergies and its partners QatarEnergy and Marubeni.
After being shut down due to strikes, Exxon Mobil's 140,000 and 240,000 barrel per day fos-Sur-Mer and Port Jerome-Gravenchon oil refineries in France could take two to three weeks to completely reopen, a company representative said on Tuesday.
Eni met with Eugenio Giani, the president of Tuscany, and Luca Salvetti and Adelio Antolini, the mayors of Livorno and Collesalvetti, to confirm that the business is looking into the possibility of constructing a new bio-refinery at Eni's industrial site in Livorno.
