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President-elect Luiz Inacio Lula da Silva has selected a senator and former Petrobras official to lead Brazil’s state-controlled oil company, with the aim of turning it into a renewable energy powerhouse.
Neptune Energy today announced it has signed a Memorandum of Understanding with Ørsted and Goal7 to explore powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity.
The energy industry, which has always paid special attention to risk management to ensure safe and reliable operations of oil and gas assets, has faced this year new challenges in managing risks after the Russian invasion of Ukraine.
Oil and gas field developments offshore Norway, the UK windfall tax on low-carbon electricity generators, and many low-carbon energy deals marked the last month in Europe’s energy sector.
US oil and gas producers and refiners reported strong third-quarter results, drawing renewed criticism from President Joe Biden, while inventories of distillate fuel in America are at their lowest in decades just as the winter heating season begins, and US oil supply growth could be lower than earlier estimates.