EDF and TAQA Geothermal have signed a strategic Memorandum of Understanding (MoU) to collaborate on geothermal energy technologies including power generation and HVAC applications as well as Compressed Air Energy Storage in Saudi Arabia. SourceContinue Reading

Petrobras has requested authorization from Brazil’s environment protection agency to prepare a drilling rig for work at a disputed offshore exploration project, a sign that the state-controlled producer is optimistic about overcoming licensing hurdles.  SourceContinue Reading

Germany is set to extend its trusteeship over Russian oil company Rosneft‘s local subsidiaries for another six months, marking the fifth time it has done so. Back in 2022, Germany seized the local units of Rosneft and Gazprom, including three oil refineries. Together, the three refineries run by Rosneft Germany provide some 12% of the...Continue Reading

Sunnen Products Company has launched the HTE 1600W Tube Hone, an all-electric precision honing machine specifically designed for the oil and natural gas industry’s demanding small diameter, long bore applications. SourceContinue Reading

ADNOC Drilling announced record financial results for both Q4 and full-year 2024, with Q4 revenue growing 41% year-over-year, and full-year revenue increasing 32% y-o-y. ADNOC attributes the success to its expansion of onshore and offshore fleets, and its oilfield services (OFS) segment. SourceContinue Reading

India’s Adani Pulls Out of $1-Billion Sri Lanka Wind Power Deal | 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 13, 2025, 11:30 AM CST Adani Green Energy, the renewables...Continue Reading

How Trump’s Gaza Plan Could Hand the Middle East to Russia and China | OilPrice.com James Durso James D. Durso is the Managing Director of Corsair LLC, a supply chain consultancy. In 2013 to2015, he was the Chief Executive Officer of AKM… More Info Premium Content By James Durso – Feb 13, 2025, 11:00 AM...Continue Reading

U.S. Refiner PBF Energy Deepens Losses for Third Straight Quarter | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 13, 2025, 10:30 AM CST PBF Energy (NYSE: PBF) on Thursday reported a loss for the fourth quarter amid falling refining margins, booking widening losses for...Continue Reading

European Leaders Demand Involvement in Ukraine Peace Talks | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Feb 13, 2025, 10:00 AM CST European leaders insist that...Continue Reading

Oil Prices Drop as Hamas Recommits to the Ceasefire Deal | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Feb 13, 2025, 9:30 AM CST Hamas on Thursday recommitted to the ceasefire with Israel and said it would free another three hostages as planned on Saturday,...Continue Reading