Tensions in the Middle East boost oil prices
Brent and WTI barrels rise after U.S. warnings about security in the Strait of Hormuz.
Ruth Arteaga
I am a civil engineer and I work in the writing area. I have a deep passion for civil works. I constantly seek to update myself on new engineering technologies to integrate them into my work, since my main interest is exploring how innovations in the industrial sector can improve and transform the world.
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BP suspends share buyback and focuses capital on debt and oil
BP is moving away from quarterly buybacks and redirecting its capital to debt and new oil projects such as Boomerangue in Brazil.
EPA prepares key reversal that redefines U.S. climate policy.
The repeal of the endangerment finding weakens the federal ability to control the gases driving the climate crisis.
Rolls-Royce unveils new modular gas engine power plants
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Transocean and Valaris merge in a USD 5.8 billion deal
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Indian Oil and HPCL buy 2 million barrels of Venezuelan crude from Trafigura
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TotalEnergies expands offshore operations in Namibia with new license
TotalEnergies takes operational control of block PEL104, reinforcing its offshore expansion in the strategic Lüderitz basin.
Mexico seeks to send fuel to Cuba without sanctions
Mexico seeks a legal channel to supply energy to Cuba without triggering U.S. trade sanctions.
Shell studies gas projects in Venezuela with logistic support from Trinidad
Shell analyzes investing in Venezuelan natural gas and exporting it from Trinidad if it obtains key regulatory licenses.
Russia pressures crude oil prices to hold China in check in the face of India’s slowdown
China absorbs more Russian crude at historic discounts as India reduces purchases due to geopolitical pressures.
ExxonMobil Guyana takes control of FPSO ONE GUYANA
ExxonMobil takes control of FPSO ONE GUYANA and relieves the project's debt with a US$2.32 billion prepayment.
Equinor and Eneco sign gas supply agreement with sustainable approach
The contract includes guarantees of origin that will enable a reduction of more than 10% of the emissions reported by Eneco.