MODEC has signed an agreement to jointly develop and scale Carbon Clean’s CycloneCC carbon capture technology for offshore applications. The collaboration will work toward deployment of a fully commercialized CycloneCC solution on a MODEC FPSO by 2026. SourceContinue Reading

Administration Proposes Lifting Restrictions on Alaska Oil & Gas Drilling | OilPrice.com Andrew Topf With over two decades of journalistic experience working in newspapers, trade publications and as a mining reporter, Andrew Topf is a seasoned writer specializing in… More Info Premium Content By Andrew Topf – Jun 05, 2025, 5:00 PM CDT Trump seeks...Continue Reading

“This decline in oil investment is driven by economic uncertainties, lower demand expectations and lower prices,” IEA Executive Director Fatih Birol said in an interview as the agency published its annual World Energy Investment report. SourceContinue Reading

Central Asia’s Resources Spark a New Global Scramble | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Jun 05, 2025, 4:00 PM CDT Italian Prime Minister Giorgia Meloni’s visit...Continue Reading

Höegh Evi and Aker BP have been awarded an Approval in Principle (AiP) from DNV for a liquefied CO₂ (LCO₂) carrier. The vessel, developed in Norway by Höegh Evi, Aker BP and Moss Maritime, is designed to transport captured CO₂ for storage in offshore Norway. SourceContinue Reading

Petronas, Malaysia’s state-owned oil and gas company, will cut about 10% of its workforce in a firm-wide restructuring as it looks to reduce costs due to falling crude prices. The company will reduce headcount by more than 5,000 people, said CEO Muhammad Taufik. SourceContinue Reading

API President and CEO Mike Sommers joined this week’s episode of Veriten’s C.O.B. Tuesday podcast to discuss the state of American energy policy as the Trump administration and Congress continue to make progress on many of the priorities outlined in API’s five-point policy roadmap. SourceContinue Reading

The Energy NL Conference & Exhibition 2025 concluded Thursday after an informative and engaging discussion on the potential of the industry, Indigenous participation in resource projects, trade and market diversification, regulations, and an update on the Bay du Nord Project. SourceContinue Reading

Billions in Trade at Risk for Indian Metals Industry | 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 – Jun 05, 2025, 3:00 PM CDT The U.S. has...Continue Reading

Libya’s Rival Govt Draws Up $13B Budget Amid Oil Revenue Clash | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 05, 2025, 2:30 PM CDT Libya’s eastern-based parliament has approved a 69 billion Libyan dinar ($12.7 billion) budget for its Development and Reconstruction Fund, overseen...Continue Reading