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Kuwait has approved a financing and liquidity law that will allow one of OPEC’s top producers to return to the debt market after eight years, with borrowing expected to fund projects to diversify its dependence on oil revenues. While the other OPEC Gulf heavyweights, Saudi Arabia and the United Arab …

Island Drilling has been awarded a three-year contract for well plugging on Equinor-operated fields on the Norwegian continental shelf (NCS) using the Island Innovator semi-submersible rig. In addition, the oil service companies Archer Oiltools and Baker Hughes Norge have won framework agreements for plugging services. Island Innovator is a mobile …

Oil minister emphasized prioritizing refining projects based on the available financial resources, and stated that attracting public investments for implementing small-scale refining projects is on the agenda. While visiting the Tehran Oil Refinery on Saturday, Mohsen Paknejad noted that it was an opportune time to visit one of the ten …

Coal-fired power generation in the United States jumped at the start of the year, but no thanks to President Donald Trump’s push for “beautiful, clean” coal. The coldest winter in six years boosted electricity demand, while the surge in natural gas prices made gas-fired generation more expensive than coal. As …

On the outskirts of Baku, the smell of sulfur hangs thick in the air. Flares from oil refineries light up the night sky, a constant reminder of the industry that has dominated Azerbaijan for over a century. The country has vast, untapped potential for renewables, particularly wind and solar, which …

Europe’s gas storage levels this week reached an uncomfortably low level of some 34% full. Germany’s alone has dropped to 29%. Yet LNG imports are about to pick up and, for a change, prices might not surge—thanks to China. Earlier this month, Kpler data showed that China’s imports of liquefied …

British Oil & Gas giant BP Plc (NYSE:BP) has received final approval by the Iraqi government for the redevelopment of the giant Kirkuk oil fields, with an initial plan to produce 3B boe. BP will develop Iraq’s Kirkuk oil and gas fields based on a profit-sharing model, Iraqi oil ministry …

U.S. supermajor Chevron has expressed interest in oil and gas exploration in two additional offshore blocks south of the Greek island of Crete, Greece’s Ministry of Energy and Environment said on Wednesday. Earlier this year, Greece said that Chevron had expressed interest in exploring the area southwest of the Peloponnese …

Europe’s benchmark natural gas prices fell on Wednesday for a second consecutive day amid milder weather and increasing LNG supply as Chinese demand weakens. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, fell by 1.5% at $44.19 (40.92 euros) per megawatt-hour (MWh) as of 9:18 a.m. in …

Many U.S. coal-fired power plants will be around producing electricity longer than previously planned—but no thanks to President Donald Trump’s vocal support for the “beautiful, clean” coal. After a decade of flat U.S. electricity consumption, surging power demand due to the AI and data center boom has prompted some utilities …