Energy NL is providing details on responses received from two of the major federal parties regarding the development and prioritization of Newfoundland and Labrador’s energy sector. The response follows Energy NL’s letter sent last month to all three parties. 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
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
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
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
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
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
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
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
Oil rose as the potential for the U.S. to curtail Iranian flows added to a rebound driven by broader markets. Crude slumped earlier this month on concern that tensions between the U.S. and its trading partners will hurt economic growth and oil consumption. SourceContinue Reading
