Energy NEWS

The Inflation Reduction Act, as well as local, state, lender and utility incentives have made residential solar energy systems more attractive improvement projects for homeowners.

Australia’s vast liquefied natural gas (LNG) industry is trying to pull off something that seems almost impossible. They want to lead the transition to clean and renewable energy, while at the same time continuing to invest in, and produce fossil fuels.

Leading UK energy services company Wood Group’s share price plummeted dramatically on Monday following its announcement that a takeover offer by Apollo Management Holdings will not proceed.

Oil companies have submitted expressions of interest in acreage, according the hydrocarbon minister

Neptune Energy has received its best environmental, social and governance (ESG) rating to date from Sustainalytics, putting it in the top 3% of all global oil and gas companies rated by the organization.

The leading representative body for the offshore energy sector, Offshore Energies UK, has responded to government plans to create a “treasure map” of the North Sea’s carbon storage capacity.

Australian contractor Worley has won a new services contract for Shell’s Sparta ultra-deepwater field development in the US Gulf of Mexico, for which the final investment decision is now targeted later this year, reprising its role when the project was set to leave the drawing board as TotalEnergies’ North Platte.

Supermajor repurchase additional shares in second quarter, bringing total shareholder distributions for first half of 2023 to $12 billion

Pipeline incidents in the USA totaled 293 last year, down 112 and with 16 percent fewer occurrences affecting people or the environment over the past five years, according to a joint report by the American Petroleum Institute (API) and the Liquid Energy Pipeline Association (LEPA) Monday.

India’s energy companies are unable to reap dividends worth as much as $400 million from their assets in Russia, a senior oil ministry official said Saturday.

Germany’s consumer price inflation is expected to have weakened in April by year-ago comparison based on official provisional data, as a base effect appeared to show average energy prices in Europe’s biggest economy decelerated.

Democratic Republic of Congo’s vision of earning billions of dollars in revenue from dozens of landlocked oil blocks will remain distant without a connection to a lone export route to be operated by TotalEnergies SE.

TotalEnergies SE is considering a bid for private equity-backed oil and gas operator Neptune Energy Group Ltd., people with knowledge of the matter said.

There are at least three conditions for Mozambique LNG’s partners to decide on a possible restart of the project, a TotalEnergies spokesperson has told Rigzone.

If fully delivered, the newly announced OPEC+ cuts would further tighten an already fundamentally tight oil market, drive Brent towards $100 per barrel sooner than previously expected and push the price to around $110 per barrel this summer.

Europe has a new benchmark for liquefied natural gas (LNG) which regulators hope will disentangle the market from the kind of price surges witnessed last year.

Baker Hughes announced an order to be booked in the first quarter of 2023 with longtime partner QatarEnergy to supply two main refrigerant compressors (MRCs) for the North Field South (NFS) project, which will be executed by Qatargas.

Oil prices surged as much as 8% at the open after OPEC+ announced it was slashing output by 1.16 million barrels per day. The voluntary cuts will start from May to end 2023, Saudi Arabia announced, saying it was a “precautionary measure” targeted toward stabilizing the oil market.