(Bloomberg) – ADNOC will transfer stakes in some U.S. assets to its new international investment firm, XRG PJSC. ADNOC’s holdings in a hydrogen venture with Exxon Mobil Corp. and NextDecade Corp.’s LNG export project will move to XRG, according to CEO Sultan Al Jaber. SourceContinue Reading

Steel Industry Braces for Uncertain 2025 | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Feb 04, 2025, 12:00 PM CST Global crude steel production fell by...Continue Reading

ADNOC Moves US Gas and Green Energy Assets to its $80-Billion Investment Firm | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 04, 2025, 11:30 AM CST Abu Dhabi’s ADNOC is moving some of its natural gas and green energy assets in the United States...Continue Reading

Burning More Coal at Home Is Worsening India’s Pollution | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Feb 04, 2025, 11:30 AM CST India reduced its imports of coal in...Continue Reading

Shell has restarted production at the Penguins field in the UK North Sea with a new FPSO facility. Shell UK is the operator, and NEO Energy owns 50% interest. The Penguins FPSO is the first Shell-operated new facility in the North Sea in more than 20 years. SourceContinue Reading

Marathon Petroleum Tops Q4 Earnings Estimates Despite Falling Refining Margins | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 04, 2025, 10:30 AM CST Despite declining refining margins, Marathon Petroleum Corp. (NYSE: MPC) on Tuesday reported higher-than-expected earnings for the fourth quarter of 2024, driven...Continue Reading

Massive Ukrainian Drone Attack Targets Russian Oil Refineries | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Feb 04, 2025, 10:30 AM CST Ukraine launched a massive drone attack on Russian oil and gas facilities, damaging a Lukoil refinery and disrupting air travel....Continue Reading

SLB OneSubsea™ has secured a contract with Vår Energi to deliver subsea production systems (SPS) for offshore Norway developments. The award leverages the existing strategic subsea partnership agreement between the two companies. SourceContinue Reading

Oil prices took a sharp turn today as traders weighed President Trump’s latest “maximum pressure” push against Iran. Brent crude rose to $76.34 per barrel (+0.50%), while WTI’s loss from early in the day shrunk to just a 0.31% dropoff at $72.93 per barrel. While a quick glance at today’s oil prices could suggest traders...Continue Reading

Shell Resumes Production From UK North Sea Oilfield After Redevelopment | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Feb 04, 2025, 9:30 AM CST Shell has restored oil and gas...Continue Reading