Equinor Lets Norwegian Continental Shelf Rig Contract
Wedoany.com Report-Nov 19, Equinor Energy AS has let a 2-year firm contract to Northern Ocean Wind AS for use of the Deepsea Bollsta mobile rig on the Norwegian continental shelf. The contract is part...
Petrobras Outlines $111 Billion, Five-Year Spending Proposal
Wedoany.com Report-Nov 19, Petrobras plans to boost spending on new oil drilling and other projects by almost 9% to $111 billion in the next five-year plan. The Brazilian oil giant’s eight-perso...
Santos Aims to Bury 14 Million Tons of Emissions a Year by 2040
Wedoany.com Report-Nov 19, Santos Ltd., Australia’s second-biggest natural gas producer, plans to build a carbon storage business that would permanently bury 14 million tons of emissions a year ...
World’s Top Oil-Refining Hub Is Running Hard as Exports Boom
Wedoany.com Report-Nov 19, US Gulf Coast refineries are running the hardest for this time of the year in more than three decades as they rush to take advantage of strong fuel demand from Mexico and Br...
US Crude Market Signals Glut for First Time in Nine Months
Wedoany.com Report-Nov 19, A key oil market gauge is flashing signs of oversupply in the US, in the latest indication of a looming global glut. The so-called prompt spread — which measures the differ...
Oil Steady After Biggest Gain in Over Five Weeks on Weak Dollar
Wedoany.com Report-Nov 19, Oil steadied after the biggest gain in more than five weeks as the dollar weakened and a risk-on tone swept across wider markets. West Texas Intermediate traded near $69 a b...
Oil Holds Weekly Drop on Glut Concerns, China’s Demand Outlook
Oil held a weekly loss on concerns over plentiful global supply and the outlook for demand in China, the world’s biggest crude importer. Brent traded above $71 a barrel after tumbling 3.8% last ...
US Pump Prices Court Three-Year Low as Holiday Travel Roars Back
Wedoany.com Report-Nov 18, National average gasoline prices are set to fall below the nostalgic $3 a gallon benchmark just in time for Thanksgiving, when holiday travel is expected to climb back to p...
Oil Trader Faces Lawsuit Over Company Hit by US-Iran Sanctions
Wedoany.com Report-Nov 18, The energy trader seeking to buy UK gas assets from Shell Plc and Exxon Mobil Corp. was sued over allegations that he diverted money from an Iranian petrochemical company th...
Tepid European Quarterly Earnings Imperil 2025 Recovery Hopes
Wedoany.com Report-Nov 18, Revenue at European companies failed to recover in the third quarter, triggering cuts to earnings expectations into next year. Companies in the 414-member MSCI Europe Index ...