A polar bear in Alaska’s North Slope. Photo: Sylvain Cordier/Gamma-Rapho via Getty Images Six environmental groups filed a lawsuit Tuesday seeking to stop the ConocoPhillips’ Willow oil project in Alaska from going ahead after it was approved by the Biden administration. Driving the news: The… Read Full Article Here Source link
Reelwell has announced the signing of a frame agreement with Equinor to provide DualLink Powered and Wired drill pipe for their operations, ahead of installing and operating the system at their Oseberg field. The agreement follows close collaboration in Norway through Joint Industry Projects… Read Full Article Here Source link
Crude times Read Full Article Here FT
A new oil discovery made in the southern Norwegian waters of the Barents Sea could hold as much as 13 million barrels of oil, though the government said Thursday the region could hold even more. Var Energi drilled a wildcat well — a well drilled in an area not previously known to contain… Read Full […]
2022 was a turbulent year for the oil and gas industry that was dominated by the invasion of Russia on Ukraine. This had an immediate effect on the global economy and markets, with commodity prices soaring to record highs and energy security becoming the focus for most countries across Europe. The UK Government succumbed to […]
An employee looks out over the petroleum-cracking complex at the Lukoil-Nizhegorodnefteorgsintez oil refinery in Nizhny Novgorod, Russia. Andrey Rudakov | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
Russia will cut oil production from next month in response to the price cap imposed by western nations, the country’s top energy official said, in the first sign Moscow is moving to weaponise oil supplies after slashing natural gas exports to Europe last year. The cut of 500,000 barrels a day, the equivalent of about […]
The head of the energy giant BP has announced he plans to cut back on renewable energy projects and stick with oil and gas investments after fossil fuel energy raked in record profits in 2022. Bernard Looney, chief executive of BP, said that wants to “dial back” on the company’s green energy push, and is […]
Prime Minister Jonas Gahr Støre of Norway said Thursday that the oil-rich Scandinavian country will become one of the world’s top donors to Ukraine when his two-party center-left government presents another planned military and civilian aid package. Norway’s profits from oil will finance the additional aid, and there will be a temporary increase in the […]
MELBOURNE, Australia: One point away from her first Grand Slam title, Aryna Sabalenka faulted. And then she faulted again. She grimaced. She yelled and turned her back to the court. She wiggled her shoulders and exhaled.Clearly, this business of winning the Australian Open was not bound to happen without a bit of a struggle Saturday […]