Top News

BP has signed a deal with US space agency NASA which could see its technology used on Mars or the moon in future. Under the agreement, BP America and NASA will share digital technologies and technical expertise from “decades of experience operating in harsh environments”. This includes digital models and …

Kazakhstan began to supply oil to Europe via Druzhba (Friendship) system. The Ministry of Energy of Kazakhstan confirmed the information. According to the ministry, Eni (Italian investor of Kashagan) began supplying oil to Europe via Druzhba system. It is specified that AGIP Caspian Sea (subsidiary organization of Eni in Kazakhstan) …

Chinese authorities have stated that Newnew Shipping’s container ship Newnew Polar Bear was responsible, albeit by accident, for damaging the Balticconnector subsea gas pipeline between Estonia and Finland last year. According to a report by the South China Morning Post, Chinese authorities have conducted an internal investigation and forwarded the …

As uncertainty over global crude oil demand continues to hang over the market, even one of its most bullish forecasters – the Organization of Petroleum Exporting (OPEC) – has now lowered its demand growth forecasts for both 2024 and 2025. For nearly a year, both it and the think-tank International …

European benchmark natural gas prices have dropped from their highest level this year as concerns about a possible halt to Russian pipeline supplies via Ukraine have eased. The Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, were up by 0.3% as of 11 a.m. local time in …

Brent and U.S. crude oil futures fell on Tuesday as traders grew less nervous about the potential for a wider war in the Middle East, with Iran yet to act on threats to retaliate on Israel for assassination of a Hamas official in Tehran. Benchmark Brent crude futures settled down …

Last month some very clever scientists published their findings on oxygen production on the seafloor. What is astonishing is that previously we’ve believed that free oxygen in the atmosphere and dissolved in the oceans had come almost exclusively from plants performing photosynthesis. But here at the lightless abysmal depths these …

It often feels like common ground is a rare commodity in today’s highly charged political climate, where heated debate emphasizes our differences more often than our shared values. As policy solutions are advanced in the coming months of the election season on key issues related to the economy, national security …

OPEC’s crude oil production jumped by 185,000 barrels per day (bpd) in July compared to June as top producer Saudi Arabia boosted output, Iraq continued to pump well above its quota, and Iran also raised supply, the monthly OPEC report showed on Monday. Total crude oil production from all 12 …

Shell and PetroChina will invest in the second phase of a coal seam gas project in northeast Australia to boost supply to domestic customers and long-term LNG shipments, the UK-based supermajor said on Monday. Arrow Energy, a 50/50 joint venture between Shell and the Chinese giant, announced plans to develop …