According to a new Rystad Energy report, Brent oil prices have shifted very little over the last two weeks, staying in the range of $65 to $66 per barrel. The Russia-Ukraine peace talks loom large, with bearish sentiment winning out in anticipation of Russian barrels making a return to global markets. SourceContinue Reading
Nikkiso CE&IG Group has been contracted by NPG (a joint venture between Shell and a FOCOL Holdings subsidiary) to provide LNG regasification and cryogenic equipment for the New Providence Gas Project in Nassau, the Bahamas. SourceContinue Reading
Emerson has launched the Rosemount™ 3144S Temperature Transmitter, a new industrial measurement solution with the flexibility to meet the most demanding temperature measurement challenges, allowing for increased efficiency, safety and profitability. SourceContinue Reading
Indonesia Energy Corp. (IEC) has signed an MOU with Aguila Energia e Participações Ltda. (AEP). The MOU establishes a collaborative framework for the companies to evaluate and pursue potential oil and gas opportunities in Brazil. SourceContinue Reading
Supporting workforce logistics for both multinational crew rotations and shore-based and corporate personnel, ATPI will provide comprehensive travel solutions to each operator to ensure safe and efficient transfer of crew to and from drilling sites and offshore rigs. SourceContinue Reading
Liquefied natural gas demand and prices are both set to rise through the end of this year, according to Woodside Energy Group Ltd., Australia’s biggest producer of the fuel. SourceContinue Reading
Tullow Oil is in talks with its bondholders about refinancing a nearly $1.3 billion bond due next year, as the imminent maturity adds to pressure on the Africa-focused oil explorer. SourceContinue Reading
Oil rose Monday as U.S. President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskiy tempered expectations that a resolution to the conflict with Russia will be reached quickly. Talks of a Ukraine war resolution have caused recent market uncertainty, with oil trading in a narrow range. SourceContinue Reading
Oil rose Monday as U.S. President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskiy tempered expectations that a resolution to the conflict with Russia will be reached quickly. Talks of a Ukraine war resolution have caused recent market uncertainty, with oil trading in a narrow range. SourceContinue Reading
Shares of Raízen SA soared on Monday, posting their biggest intra-day gain on record, after the newspaper O Globo reported that state-controlled oil producer Petrobras is considering investing in the sugar and ethanol producer. SourceContinue Reading
