OPEC+ nations that have persistently exceeded production quotas provided updated plans to make additional cutbacks in compensation. The pledged reductions should — in theory — offset the group’s plans to revive halted output through to the end of next year. SourceContinue Reading
EnerMech has appointed Jason Jeow as its new VP for the Asia Pacific region. With decades of extensive experience in the energy and infrastructure sectors, Jeow will confer with regulatory bodies and environmental agencies as well as collaborate with business lines and local leaders. SourceContinue Reading
Chinese EVs Surge in Global Markets | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Mar 20, 2025, 2:00 PM CDT Chinese automakers are significantly increasing their presence in global markets, particularly in emerging economies, with competitively priced and feature-rich electric vehicles. While...Continue Reading
Europe’s Oil Majors Scale Back Climate Ambitions | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Related News By Alex Kimani – Mar 20, 2025, 1:30 PM CDT Europe’s oil and gas giants are increasingly scaling back their climate goals as they struggle to deliver...Continue Reading
Baker Hughes announced Thursday a major, multi-year fully integrated completions systems contract with Petrobras. The award followed an open tender and will leverage Baker Hughes’ innovative completions technology portfolio and extensive experience in Brazil to optimize production across multiple deepwater fields. SourceContinue Reading
EU Continues Military Support for Ukraine Amid 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 – Mar 20, 2025, 1:00 PM CDT The European Union plans...Continue Reading
U.S. Natural Gas Prices Tank on Inventory Build, Lower Demand | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Related News By Alex Kimani – Mar 20, 2025, 12:30 PM CDT U.S. natural gas prices fell on Thursday after the EIA reported a larger-than-expected inventory...Continue Reading
The Trump administration is poised to extend Chevron Corp.’s deadline to halt its Venezuela operations for at least another 30 days, following lobbying efforts by the Texas-based oil giant, people familiar with the matter said. SourceContinue Reading
Ofgem has announced plans to fast-track around £4bn of investment into expanding the UK’s electricity transmission network as it looks to decarbonise the grid by 2030. The Advanced Procurement Mechanism (APM) will enable signed-off projects to “break ground as soon as planning approval is granted,” the energy regulator said in a statement on Thursday. It...Continue Reading
Odfjell Technology has successfully deployed a 36” x 38” conductor pipe in Kuwait’s first offshore Jurassic well. The well received a custom-tailored solution to support the wellbore structure and prevent formations caving. SourceContinue Reading
