Oil Sinks as OPEC Acknowledges Supply Surplus
Oil Plunges Over 4% as OPEC Concedes Supply Surplus
Oil Plunges Over 4% as OPEC Concedes Supply Surplus
Chevron Corp. chose West Texas as the site of its first project to provide natural gas-fired power to a data center.
The U.S. LNG producer announced multiple long-term contracts to supply three Greek, Japanese and Spanish companies.
Eli Rubin, an energy analyst at EBW Analytics Group, warned that natural gas is 'nearing [the] price-inelastic portion of [the] curve'.
Gulf Energy Ltd, a Nairobi-based oil and gas trader that bought Tullow Oil Plc's crude discoveries in Kenya, plans to start production next year, according to a top official.
The Railroad Commission of Texas revealed its latest preliminary crude oil and natural gas production figures.
Energy is the foundation of every digital addition, Antonio Coutinho, the CEO of EDP Innovation, said in a presentation at the Web Summit event in Lisbon, Portugal, on Tuesday, which was attended by Rigzone.
The project in Pengerang, Johor, will have a processing capacity of 650,000 metric tons per annum and produce SAF, HVO and bio-naphtha.
The International Energy Agency further tempered its stance on an imminent peak in oil demand, reinstating a scenario in which global consumption keeps growing to the middle of the century.
Modec is combining its wholly owned companies MODEC America and SOFEC to create an integrated mooring solutions business.