The Biden administration has set its sights on significantly reducing greenhouse gas emissions in the electricity industry. However, this could require some coal and natural gas power plants to adopt carbon capture and storage (CCS) […]

Iraq’s oil minister, Hayan Abdel-Ghani, has revealed that he does not expect OPEC+ to agree on further cuts to oil output at its next meeting scheduled for June 3-4. This is the first indication from […]

German software developer Software AG (SOWGn.DE) is in the news as the largest shareholder, Software AG Foundation, has backed the private equity firm, Silver Lake Management’s bid to acquire the company. The foundation confirmed its […]

Vital Energy Inc (VTLE.N) has announced its plan to acquire the Permian assets of Forge Energy II Delaware, a portfolio company of EnCap, for $540 million in an all-cash deal. This strategic move is aimed […]

Shell has temporarily halted operations at its Prelude floating liquefied natural gas (LNG) facility located off Western Australia due to issues with its processes. The world’s largest floating LNG platform has experienced multiple disruptions in […]

Oil pipelines from the United States’ top shale field to Houston are filling up again due to rising output, absorbing most of the space on lines to the main south Texas export hub in Corpus […]

Oil prices fell on Friday, and the market is set for its fourth weekly decline, due to renewed economic concerns in the US and China. These concerns have revived anxieties about fuel demand growth in […]

On Thursday, the U.S. House of Representatives is expected to pass Republican-backed legislation aimed at stopping illegal drugs and immigrants from crossing the southwestern U.S. border with Mexico. The proposed package includes stringent law enforcement […]