Baker Hughes’ awarded scope includes the supply of 20 compression trains based on Frame 5 gas turbine and BCL compressor technology, which will be installed across three gas boosting stations within the Hassi R’ Mel natural gas field. SourceContinue Reading

The Hess Corp. chief executive officer is telling investors he got the best deal possible, and that Chevron could walk away if the merger doesn’t get voted through at a May 28 shareholder meeting, according to the people, who asked not to be identified because the discussions are private. SourceContinue Reading

A mere few days after Taiwan’s new president, Lai Ching-te, was sworn into office at the start of the week, China’s military on Thursday morning (local time) initiated two days of large-scale military drills. PLA navy ships and aircraft are now reportedly “surrounding the island of Taiwan,” according to state media and PLA statements. The drills are said to be...Continue Reading

Bitcoin Miners Make Shift to Renewable Energy | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info By Tom Kool – May 23, 2024, 10:49 AM CDT Bitcoin has dominated the news cycle lately, from the recent halving to the 30-plus banks...Continue Reading

Nigerian Oil Agencies Spar Over the Country’s True Production Figures | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 23, 2024, 10:30 AM CDT Two separate agencies regulating Nigeria’s oil industry have offered wildly different figures for the country’s actual oil production, with one agency...Continue Reading

National Grid Turns to Shareholders for £7 Billion Energy Transition Investment | 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 – May 23, 2024, 10:00 AM CDT The...Continue Reading

India Hit by Blackouts as Power Demand Soars During Heat Wave | 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 – May 23, 2024, 9:30 AM CDT Amid a relentless heat wave,...Continue Reading

Oil Prices Rebound After Three Days of Losses | 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 – May 23, 2024, 8:31 AM CDT Oil prices rose early on Thursday, recouping some...Continue Reading

Gasoline Prices Ahead of Memorial Day Are 1% Higher Than a Year Ago | 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 – May 23, 2024, 8:30 AM CDT Gas prices are...Continue Reading

Malaysian Wealth Fund Sues PetroSaudi CEO for $1.8 Billion Over Oil “Sham” | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 23, 2024, 7:32 AM CDT The scandalized Malaysian sovereign wealth fund 1MBD has filed a lawsuit against PetroSaudi International CEO Patrick Mahoney for $1.83...Continue Reading