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TVO Contracts 4C Global Consultancy to Support UK Clients
Trendsetter Vulcan Offshore (TVO), a developer of innovative solutions for the offshore industry, has engaged Finlay Johnston, through 4C Global Consultancy, to lead business development efforts for TVO in the UK.“We recently appointed a country manager in Australia and are continuing to add to our global team,” says TVO President Jim Maher.
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Oil Dips on Larger US Crude Draw, Russia Sanctions
Oil prices fell back slightly on Thursday, a day after settling at multi-month highs on U.S. President Joe Biden's latest sanctions targeting Russia and a larger than forecast fall in U.S. crude stocks.Brent crude futures were down 12 cents, or 0.15%, to $81.91 per barrel at 1415 GMT…
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European firms exposed as Trump targets US offshore wind
U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife.Former President Joe Biden supported the offshore wind industry, setting a target for 30 gigawatts (GW) of projects by 2030…
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RODA responds to Trump EO on Offshore Wind & Permitting
The Responsible Offshore Development Alliance (RODA) extends gratitude to President Trump for his decision to temporarily withdraw all areas on the Outer Continental Shelf (OCS) from consideration for new or renewed wind energy leasing.This important move recognizes the vital role our communities…
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Baker Hughes: US oil & gas rig count at lowest since Dec 2021
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, fell by four to 576 in the week to Jan. 24.
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Trump calls for OPEC price reductions
The oil prices dropped more than 1% Monday, after U.S. president Trump asked OPEC for a price reduction following his announcement…
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FTSE 100 drops as a stronger sterling hurts export-focused companies; Burberry soars
The UK's FTSE 100 fell on Friday as a rise in sterling hurt firms that export. Burberry, however, soared, after a strong U.S.
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Minister: Greece will launch gas exploration bid on Friday
The Greek energy minister announced that Greece will hold a tender on Friday for new rights to explore gas in its southwest waters after a U.S.
Latest news
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Oil industry unlikely rush to Alaska despite Trump’s call for drilling
U.S. companies will not expand their development in Alaska or the Arctic after President Donald Trump signed an executive…
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EIA: US crude and distillate stocks fall; gasoline increases last week
The U.S. Energy Information Administration reported on Thursday that crude oil and distillate stocks in the United States…
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Senate Committee moves Trump's energy & interior nominees to the floor
The U.S. Senate Energy Committee approved Donald Trump's nominees for the U.S. Department of Interior and Energy. The U.S.
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Energy and consumer staples drive TSX near 6-week peak
Canada's main index of stocks continued to rise on Thursday. This was mainly due to gains in energy and consumer staples…
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EU source: EU selects PwC for mineral, energy platform
The EU has chosen PriceWaterhouseCoopers and a Slovak software company to develop a 9 million euro ($9.4 million) joint purchasing…
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Venezuelan request for annulment of Conoco award dismissed by arbitration court
The World Bank arbitral tribunal dismissed Venezuela's request to annul an $8.37 billion arbitration decision in favor of ConocoPhillips.
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Freeport-McMoRan's profit beats Q4 estimates thanks to higher copper prices
The miner Freeport-McMoRan surpassed fourth-quarter profit expectations on Thursday as higher copper prices helped to offset…
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Ukraine: Trump's threat of sanctions sends a'strong message' to Russia
Ukraine has praised U.S. president Donald Trump for his threat to impose sanctions and tariffs on Russia if they refuse to…
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Energean UK forecasts higher production in 2025 on the strong Israel growth
Energean, a UK-based producer of gas, said it expected higher production levels in 2025. The company is betting on increased sales in Israel…
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Stocks in the US react differently to Trump's first official day as president
Tesla, prison operators, and other "Trump trades", were volatile Tuesday as investors analyzed a flurry of executive orders…
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Enverus says that US energy mergers could slow down in 2025 due to smaller deal sizes.
According to an Enverus report released on Tuesday, the pace of U.S. public-to-public upstream mergers in 2025 could slow…
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Infinity Natural aims to reach a valuation of $1.2 billion in the US IPO
Infinity Natural Resources, a producer of oil, is aiming for a value of up to 1,24 billion dollars in its initial public offer.
Exploration
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Dollar jumps after Trump's tariff plans. Shares are jittery.
The global markets welcomed Donald Trump's new presidency on Tuesday with apprehension, largely due to the headlines about…
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The oil price is dropping on the plan to increase US oil production, and the tariffs are being re-instated
Oil prices fell in Asian trading Tuesday, after President Donald Trump announced his plan to increase U.S. production of…
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TSX reaches 5-week highs as US trade tariffs are held back
Investors expressed relief at the news that President Donald Trump would not impose immediate U.S. tariffs on Canada. The…
Drilling
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Executive: Bolivia and Argentina in talks to restart gas supply due to spike in demand
Bolivia's state energy company YPFB has begun talks with Argentina to resume gas exports, amid a spike in demand sparked by a heatwave this summer.
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Financial Times - Jan 17
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy.
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British Business - January 17
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch…
Production
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Guyana exports 225 crude cargoes by 2024
Guyana will export 225 cargoes in crude oil by 2024, said its energy minister on Tuesday. A consortium led the U.S. giant…
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Norway awards 53 stakes to the latest offshore oil and gas exploration round
Norway's Energy Minister said that in the annual licensing round held on Tuesday, 20 companies received stakes in 53 offshore…
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Norway's gas production will be slightly lower than the record set in 2025.
The Norwegian Offshore Directorate said that the Norwegian natural gas production is expected to decline slightly this year.
