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World Oil News
Inmarsat has secured a contract for its new Fleet LTE service, covering the connectivity needs of several Solstad Offshore North Sea vessels. Source
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A $1 billion project to haul natural gas from Pennsylvania to New Jersey has become the latest casualty of opposition to pipelines across the U.S. Source
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Investors placed more than $34 billion of orders for Abu Dhabi-based ADNOC Drilling Company PJSC’s $1.1 billion initial public offering, further underscoring the global clamor for equity deals. Source
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UK’s Labour Party leader Keir Starmer said he’s against nationalizing energy companies, a retreat from a pledge during his leadership campaign, as Britons face a surge in electricity prices, long petrol lines and a “winter of discontent.” Source
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The record spike in energy prices could hardly have come at a worse time for Europe’s ambitious new climate plan, with politicians just beginning to talk about how they’re going to implement the world’s most sweeping emissions-cutting strategy. Source
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Halliburton introduced IsoBond, a cement system that reduces sustained casing pressure at its source to deliver a barrier that minimizes fluid loss, shortens transition time, and improves shear bonding. Source
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French energy giant TotalEnergies SE expects global oil demand to peak before the end of this decade, sooner than it previously forecast, as more nations crack down on fossil fuels to fight global warming. Source
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A recently discovered natural gas field in the Black Sea is set to provide nearly a third of Turkey’s domestic needs when it reaches peak production capacity by 2027, Energy Minister Fatih Donmez said, unveiling details of his ambitious timeline to bring last year’s find on stream. Source
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Oil rallied at the start of the week’s trading on signs that the crude market is tightening amid a global energy crunch. Source
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Senate Democrats are developing a carbon-tax proposal that could potentially be used to offset some of the costs of a sweeping social-spending bill as well as direct cash payments to households, according to a key lawmaker. Source
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