Sintana to Acquire Challenger
'The combination of Challenger and Sintana is expected to create a leading exploration platform spanning the Southern Atlantic conjugate margin'.
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Oil Prices Rebound After Sharp Declines
'Trump's aggressive stance keeps crude volatile', XMArabia Analyst Nadir Belbarka said.
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Lack of Spare OPEC+ Capacity Could Lead to Price Spike
A lack of spare OPEC+ capacity could potentially lead to an oil price spike, Hartree Partners Senior Adviser and Commodities Strategist Ed Morse highlighted to Rigzone in an exclusive interview.
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Melbana Raises Prospective Resources for Aussie Permit in Timor Sea
The new estimates reinforce the license as being 'highly prospective for LNG-scale accumulations of gas with multiple oil prospects, all located relatively close to existing infrastructure'.
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ScottishPower Gets Approval for Redshaw Substation
Iberdrola's UK arm received consent from the South Lanarkshire Council to build a 400-kV substation near the former Red Moss Hotel to enable more renewable power into the grid.
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Eni Progresses Permit Process for Its 2nd Biorefinery in Sicily
Designed to produce up to 500,000 MMtpa of HVO diesel and SAF, the Priolo project will rise on the site of an Eni ethylene plant set to be decommissioned.
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Companies Paying Record Sums to Develop Geothermal Energy
Average prices for public land leases for geothermal energy development soared by 282 percent this year.
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Kyiv Power Cut as Russia Steps Up Strikes
Russia has significantly increased its attacks on Ukraine's power infrastructure as the cold season approaches.
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WTI Falls Below $59 on Tariff Threats
Oil prices dropped to their lowest since May after Trump threatened steep new tariffs on China.
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USA EIA Raises WTI Oil Price Forecasts
In its latest short term energy outlook, the EIA raised its average WTI spot price forecasts for 2025 and 2026.