Category: Oil & Energy
Fervo Starts Power Generation at Utah Geothermal Flagship
Fervo Energy has achieved first power at its Cape Station geothermal project in Utah, marking a significant step toward commercializing enhanced geothermal…
Capricorn Energy Raises 2026 Output Expectations on Egypt Gains
Capricorn Energy said production from its Egyptian portfolio remained resilient in the first half of 2026, supported by successful drilling, regular cash…
Eni Wins 100% Stake in Indonesia’s Sapukala Deepwater Block
Italy’s Eni has been awarded the Sapukala block as part of Indonesia’s first Petroleum Bidding Round of 2026, giving the company full…
Chevron Eyes Egyptian Export Route for Cyprus Gas
Chevron and Egypt are seeking to accelerate agreements needed to connect Cyprus’ Aphrodite gas field to Egyptian infrastructure, as Cairo looks to…
Volkswagen Slashes Profit Outlook as China Slump and Porsche Writedown Bite
Volkswagen has dramatically cut its 2026 profit outlook as deteriorating business in China, restructuring costs and a multibillion-euro writedown at Porsche pile…
Halliburton Signs Deals to Expand Venezuela Energy Presence
Halliburton has signed agreements with Brazil’s Eneva and Venezuelan engineering firm WESCA as the U.S. oilfield services giant positions itself for a…
Google Backs Nuclear Expansion at Georgia Power Plants
Georgia Power and Google have struck an agreement aimed at expanding the output of two of Georgia’s nuclear power stations as technology…
Vestas Unveils Larger-Rotor Turbine to Boost Onshore Wind Returns
Vestas has unveiled a new onshore wind turbine that uses a larger rotor to increase electricity production without raising the turbine’s 7.2-MW…
Shell Completes $840 Million Gulf Oil Asset Sale
Shell has completed the sale of its interests in two U.S. Gulf of Mexico assets to Talos Energy and Ridgewood Energy, collecting…
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