Rig activity stood out in several regions in 2022 and there is no reason to expect anything different in 2023, Westwood Energy believes. In 2022, offshore rig activity for both jack-ups and floating rigs was robust in several key regions of the world. Global marketed jack-up utilization increased from 87% …

The United States plans to test a spacecraft engine powered by nuclear fission by 2027 as part of a long-term NASA effort to demonstrate more efficient methods of propelling astronauts to Mars in the future, the space agency’s chief said on Tuesday. NASA will partner with the US military’s research …

According to sources cited by Reuters, Qatar is in negotiations to acquire a share in the $27 billion cluster of energy projects in Iraq owned by the French multi-energy business TotalEnergies. The Qatari investment is anticipated to help Iraqi Prime Minister Mohammed Al-Sudani, who was elected last year following a …

For now, trade relations between Australia and China are sketchy at best. Therefore, Australia has started looking for other markets to ship commodities like ore and coking coke, one such market being India. However, over the past few months, the world has learned that many Indian steel mills have replaced …

The long-awaited winter energy crisis has finally hit…but it wasn’t in Europe after all. On Monday, almost the entirety of Pakistan was left without power when a misguided energy saving strategy by the government backfired. Runaway inflation, a severely weakened currency, and rapidly emptying foreign exchange reserves have left Pakistan …

Kuwait’s new Cabinet has resigned amid protests over a planned spending spree of the country’s oil wealth by the Assembly, which some fear would drain state coffers to the point of no return. The Cabinet’s move to resign is meant to hinder the Assembly’s attempts to push through spending bills …

The US Special Envoy for Iran Robert Malley said the Biden administration will increase pressure on China to cease imports of Iranian oil as the US tries to enforce nuclear sanctions. “China is the main destination of illicit exports by Iran,” and talks to dissuade Beijing from the purchases are …

As Asian oil demand increases, Russian crude oil loadings from Baltic ports are on track for a 50% hike from December to January, Reuters reports, citing its own data combined with trader insights. Russian Urals and KEBCO crude oil loadings specifically from the ports of Primorsk and Ust-Luga will experience …

United Arab Emirates renewable energy company Masdar, state oil firm Abu Dhabi National Oil Company (ADNOC) and oil major BP, reports Reuters. BPL agreed to conduct a joint feasibility study on exploring the production of sustainable aviation fuel (SAF) in the UAE, Masdar said in a statement on Friday. The …

Eni and Algeria’s Sonatrach have signed two deals on future projects on energy supply, energy transition and decarbonisation, the Italian energy group said on Monday. The agreements were signed in Algiers in the presence of Italy’s Prime Minister, Giorgia Meloni, and Algeria’s President, Abdelmadjid Tebboune. Under the deals, Eni and …