energy

Shell cuts Ormen Lange gas field production by 40% after compressor failure

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with David Gura, Isabelle Lee, Norah Mulinda and Tim Stenovec. (Source: Bloomberg)

Saudi Aramco pushed back restarting its Jazan oil refinery to late August, following a weekend attack on the facility, according to market intelligence firm IIR Energy.

Greenland’s government issued a “strong warning” last week after a new Texas oil company linked to US President Donald Trump moved equipment intended for exploratory drilling ashore without the required approval. Nuuk’s authorities must now walk a tightrope between stabilising relations with the US

Oman says grounded tanker oil spill covers 400 square km

Technology giants have shelled out trillions to support insatiable AI demand and the infrastructure buildout.

European natural gas prices jumped as discussions between Iran and Oman to reopen the Strait of Hormuz failed to convince traders that a deal would lead to a quick resumption of global LNG flows.

Global stocks tick up with oil steady on Hormuz plans Reuters

Italy’s energy regulator fined A2A SpA €5 million ($5.8 million) for market manipulation dating back to Europe’s energy crisis in 2022, finding that the company held back some gas plants from the market, pushing power prices higher.

Duke Energy Corp. plans to raise about $1.75 billion by selling equity units, in an effort to pay down debt.