Delek Group Ltd.. the energy company controlled by Israeli billionaire Yitzhak Tshuva. agreed to buy North Sea oil and gas fields from Chevron Corp.
Read More »WFS Technologies Unveils New Riser Monitoring System
WFS Technologies has unveiled solutions to tackle the real-time monitoring of offshore risers both above and below surface. on fixed structures including jackets and braces.
Read More »China Rallies Energy Giants as Trade Battle with U.S. Heats up
China is mobilizing its vast state-run energy industry to prepare for an economic tussle with the U.S. that could escalate further and might last for years.
Read More »China`s Gas Pain for the U.S.
The U.S.. even without a 25 percent tariff on its LNG exports to China. would struggle to vie with Qatar as the top global LNG producer.
Read More »Oil Prices Gain on Fall in U.S. Crude Inventories
The market is expecting the EIA to report a 900.000-barrel drop in crude stockpiles for the week ended May 24.
Read More »Russia will Consider Extending Oil Output Cut with OPEC
OPEC. Russia and other producers agreed to cut output by 1.2 million barrels per day (bbl d) from January for six months to boost oil prices by reducing global inventories.
Read More »Falling Europe’s Share in Global Natural Gas Output
Europe is the only region with the decreasing outlook for natural gas production among all regions.
Read More »Turkey Central Bank Raises Foreign-Currency Reserve Requirements
International currency exchange rates stand on display outside a bureau in the Grand Bazaar in Istanbul.
Read More »Oil Slumps as U.S.-China Trade Hostilities Escalate
Oil slumped as escalating trade hostilities between the U.S. and China stoked fears of slowing global growth.
Read More »Why EVs Can’t Do Without Oil
The debate on the carbon footprint of electric vehicles is a heated one with the most vocal opinions coming from extreme camps.
Read More »