Equinor announced its sixth oil discovery on the Norwegian continental shelf this year, it said in a press release on its website on Monday. The new discovery comes in partnership with the Norwegian companies "Bigning Upstream" and "Longboat Energy" of…
Continue ReadingOil prices are down 2%, and Brent crude is below $106 Oil prices fell more than 2% during Thursday's trading; Economic and recession fears have roiled global financial markets, outstripping supply concerns and geopolitical tensions in Europe. Oil prices are…
Continue ReadingOil prices rise 3%, and Brent crude is above $104 Oil prices rose about 3% during trading today, Wednesday, May 11, 2022, after losses of nearly 10% during the previous two sessions. The rally is supported by concerns about supplies;…
Continue ReadingBP is planning to acquire a stake in one of the world's largest green hydrogen projects from wind and solar energy, in Western Australia. BP plans to acquire a stake of about 30% of the Asian hub of renewable energy…
Continue ReadingGlobal oil prices fell on Monday, May 9, along with stock markets in Asia, weighed by weak Chinese data and fears of a global recession that could double oil demand. Oil prices fell as investors looked ahead to European Union…
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