Norway’s Equinor and the Canadian province Newfoundland and Labrador have agreed to develop a deepwater oil project off Canada’s eastern coasts that will cost US$5.2 billion ( C$6.8 billion ), Continue Reading
President Donald Trump’s plan for “vast amounts” of U.S. liquefied natural gas (LNG) to be sold to the European Union after trade talks with its top representative faces a reality Continue Reading
The European Commission said Thursday it supported a French effort to work to demonstrate the potential benefits of producing electricity through tidal energy. A plant operated by British energy company Continue Reading
The Norwegian government gave Equinor consent to start production drilling in an oil field in the Norwegian Sea set for a production start next year. “We have given Equinor consent Continue Reading
Europe will build more terminals to import U.S. liquefied natural gas, the head of the European Commission told U.S. President Donald Trump during a meeting aimed at averting a transatlantic Continue Reading
Russia does not use stocks in tanks to help boost oil output and does not have enough stocks to influence the oil market, Russian Energy Minister Alexander Novak told reporters Continue Reading
Despite the many announcements for new electric vehicle (EV) models coming to the market and government initiatives to support EV adoption, UK motorists remain reluctant—if not stubborn—to make the switch Continue Reading
Moscow — Russia can restore its crude output by as much as 250,000 b/d in July as part of the recent decision by the OPEC-led coalition to increase production, energy Continue Reading
Brent crude prices rose on Thursday after Saudi Arabia suspended its oil shipments through a key Red Sea strait in response to an attack on two of its tankers and Continue Reading
US oil prices extended their gains on Wednesday after an official report showed a larger than expected draw in weekly crude and gasoline inventories. US crude stockpiles fell by 6.15m Continue Reading
