Oil steadied near its highest level in almost three months, after some Middle Eastern oil grades strengthened on robust demand from Asian refiners. Brent traded near $76 a barrel after earlier Monday hitting its highest since Oct. 14. West Texas Intermediate was around $74. Traders will be looking out for …

As Donald Trump prepares to become America’s 47th president on January 20, the potential resurgence of United States’ shale oil industry will reopen the 2014 scars for Nigeria and some of the biggest oil producers in the world as they seek to support prices and reduce oversupply. The resurging shale …

After hitting record highs this year, Norway’s oil and gas investment is expected to grow even higher in 2025. Greater development activity on new projects and the cost of inflation have contributed heavily to the increase in Norway’s oil and gas investment in 2024. Norway’s oil and gas investment is …

Italian oil and gas giant Eni S.p.A has launched its next-generation supercomputer that will help it to ramp up oil and gas discovery technology and support its decarbonization strategies. Based at Eni’s Green Data Center in the small town of Ferrera Erbognone, the €100m High-Performance Computing 6 (HPC6) machine is …

South Africa’s recently adopted tax breaks for electric vehicle production have already piqued the interest of three Chinese EV manufacturers to invest in new-energy vehicles in the African country, an official at the local automotive association told Bloomberg. Three car makers from China have already signed non-disclosure agreements with the …

U.S. LNG exports reached near record levels in December, rising to 8.5 million metric tonnes (MT) as two new plants started, and driving up full-year shipments 4.5% over 2023, according preliminary data from financial firm LSEG. December’s output was just short of the record monthly export of 8.6 MT recorded …

The first concrete step toward increasing Iraq’s dependence on renewable energy sources to generate power is the start of the country’s first solar energy plant. In light of the country’s growing need for power, the government is taking this move to diversify its energy sources and attain sustainability in the …

UPNEDA is seeking EOI from developers to set up floating PV projects on a build-own-operate basis at 35 dams and reservoirs identified in the Indian state of Uttar Pradesh. UPNEDA, in collaboration with the Irrigation and Water Resources Department, will lease dams and reservoirs to the developers to support the …

Oil prices continued their upward trajectory on Friday, building on gains from the previous session when they closed at their highest levels in more than two months. This surge comes amid optimism that governments worldwide will intensify policy support to stimulate economic growth, thereby boosting fuel demand. Brent crude futures …

Iraq’s energy industry is undergoing significant developments reflecting government initiatives to increase the production of electricity and oil in order to fulfill the country’s increasing demands and boost economic growth. In order to enhance the energy infrastructure and achieve a sustainable vision for resource management, the Iraqi government is putting …