Oil Drops as Iran Diplomacy Gains
Oil extended losses as traders saw fewer signs of military escalation and US sanctions on Iran proved less severe than feared.
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Woodside Retreats on Clean Energy, Doubles Down on LNG
Australia's biggest oil and gas producer Woodside Energy Group Ltd. is scaling back its clean energy ambitions to double down on fossil fuels.
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North America Drops Rigs WoW, Count Still Higher YoY
North America dropped eight rigs week on week, according to Baker Hughes' latest North America rotary rig count.
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Net Power Executes Contract for Additional 123 MW Capacity
The development-stage gas power developer entered into an agreement to buy 123 megawatts of new generation equipment, increasing potential capacity for the first phase of its Project Permian to nearly 200 MW.
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Strike Averted as Norway Helicopter Workers Agree New Pay Terms
Dozens of workers manning airlift for the Norwegian oil and gas industry agreed new compensation and benefits terms with the Federation of Norwegian Aviation Industries.
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Ukraine Attacks Oil Refinery, Gas Plant in Russia
Ukraine said it attacked an oil refinery and a gas-processing plant in Russia overnight.
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Navitas Petroleum to Acquire 2nd Production Vessel for Sea Lion Project
The Israeli company signed an agreement to acquire a vessel that will be retrofitted to serve as a second floating production, storage and offloading platform for the under-construction Sea Lion oil development in the Falkland Islands.
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