Latest Stories
China becomes largest importer of Russian oil, surpassing Saudi Arabia in 2023
According to the latest data, China, the world's largest crude oil importer, has been increasingly turning to Russian oil, bypassing Western sanctions in the process and capitalising on discounted prices.
ExxonMobil sues ESG investors to block shareholder climate petition
ExxonMobil has filed a lawsuit in federal court in Texas court to try to stop activist investors from bringing a climate proposal to a vote at its annual shareholder meeting on May 29.
$14bn of deals in record 4Q23 for US upstream M&A
The most recent quarter saw a record $144bn in US upstream mergers and acquisitions (M&As), said Enverus Intelligence Research (EIR) in a new report
Tullow suspends drilling offshore Ghana
Modules for Brazil-bound Bacalhau FPSO en route to Singapore for integration
The topside modules, weighing 22,000 tonnes and constructed by Aibel, for the Bacalhau floating production storage and offloading (FPSO) platform have commenced their journey from Thailand to Singapore.
Schlumberger, Halliburton beat profit estimates with strong global demand
Oilfield services giant Schlumberger beat profit estimates for its fourth quarter 2023 growth with strong global demand.
NEO: EU green ambitions under siege amid Red Sea crisis, Russian aluminium ban fears
The EU has long positioned itself as a global champion of green energy and the world’s battle against climate change but the Red Sea Crisis and a mooted ban on Russian aluminium imports are undermining those goals.
Follow us online