Oil prices may decline further this year as new production swells and demand remains capped by China’s faltering growth, the head of the International Energy Agency said. Crude futures remain nearly 9% below levels traded before U.S. President Donald Trump’s tariffs announcements. SourceContinue Reading
Vantage Drilling has secured a contract with an undisclosed operator for its Platinum Explorer deepwater drillship with a 90-day validity period. The contract is valued at $80 million with an anticipated 260 days required to render the campaign. SourceContinue Reading
HYCO1 and Malaysia LNG (MLNG) have signed a Memorandum of Understanding (MOU) to collaborate on the potential utilization and conversion of 1 Mmtpa of CO2. MLNG, a subsidiary of PETRONAS, is the CO2 supplier for the project. SourceContinue Reading
OPEC+’s audacious bid to punish its oil-quota cheats prompted a renewed plunge in crude on Wednesday, amid growing tensions with Kazakhstan. Kazakhstan Energy Minister Erlan Akkenzhenov appeared on Wednesday to reject pressure to bring output in line with OPEC+’s quota. SourceContinue Reading
UK Parliament Intervenes to Save British Steel | 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 – Apr 23, 2025, 2:00 PM CDT The UK government passed a...Continue Reading
Amid declining Russian oil imports and rising energy demand, India is ramping up investments across Africa’s oil, gas and renewables sectors. The shift comes as India’s crude oil imports from Russia fell to a two-year low in February 2025, prompting a renewed push to diversify its sources of energy. SourceContinue Reading
Last Mile Production, LLC, an independent oil and gas operator in West Texas, has reported transformative results following the deployment of Enovate AI’s 3-Clicks Digital Strategy in collaboration with B4ECarbon™. SourceContinue Reading
ExxonMobil has announced an agreement with Calpine Corporation, the nation’s largest producer of electricity from natural gas, to transport and permanently store up to 2 Mmtpa of CO2 from Calpine’s Baytown Energy Center near Houston. SourceContinue Reading
Space Tourism: Balancing Innovation with Environmental Concerns | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Apr 23, 2025, 1:00 PM CDT The article presents a debate...Continue Reading
Iran Claims Latest U.S. Sanctions Show ‘Lack of Goodwill’ in Nuclear Talks | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 23, 2025, 12:30 PM CDT The latest U.S. sanctions on Iran suggest a “lack of goodwill and seriousness” from the United States in the...Continue Reading
