Author Archives: finixxgroup

Brazilian President Luiz Inacio Lula da Silva is pressuring the country’s environmental regulators to approve oil drilling near the mouth of the Amazon River, arguing that revenue from this new fossil fuel supply could help finance a transition to green energy. Located in the Equatorial Margin, the offshore site, Bloc 59, is about 160 kilometers (99 miles) […]

SP Energy Networks and National Grid Electricity Transmission have broken ground on a 190-kilometer (118 miles) subsea electricity superhighway. The joint venture partners said in a media release that the Eastern Green Link 1 will connect the southeast of Scotland and the northeast of England. The GBP 2.5 billion ($3.15 billion) project got the green […]

Treasury Secretary Scott Bessent said the US aims to squeeze Iran’s oil exports to less than 10 percent of current levels as President Donald Trump renews a campaign of “maximum pressure” on Tehran’s nuclear program. “We are committed to bringing the Iranians to going back to the 100,000 barrels-a-day of oil exports” shipped during Trump’s first […]

Ulstein Design & Solutions has confirmed that Penta Ocean Construction Company Limited has signed a contract for the construction of an Ulstein HX118 U-Stern installation vessel The heavy-lift vessel, to be built at Seatrium in Singapore, will be used to install large monopile foundations for the offshore wind sector. Ulstein first unveiled the U-STERN hull concept in […]

President Trump signed several executive orders aimed at boosting domestic energy production and reducing reliance on foreign energy. The administration withdrew from the Paris Climate Agreement and paused offshore wind leasing. Environmental regulations were cut to stimulate economic growth and promote energy independence. On his first day in office, President Donald Trump signed several executive […]

Tamboran Resources Corporation and Santos Limited have entered into a non-binding Memorandum of Understanding (MOU) to undertake technical studies relating to a potential Darwin LNG (DLNG) Train 2 expansion and collaborative work on the jointly owned EP 161 acreage (Santos 75% operator, Tamboran 25%) in the Beetaloo Basin. The goal of the studies is to […]

IEA revises annual growth forecast upward as oil demand strengthens, with notable increases across Asia and the Middle East The International Energy Agency’s (IEA) January 2025 Oil Market Report reveals a revised annual growth forecast for oil demand, reflecting a more robust recovery than initially anticipated. Global demand for oil is now projected to increase by 2.1M […]

In 2024, the crude oil and natural gas market navigated a complex landscape of controlled OPEC+ supply and variable demand, heightened geopolitical tensions, macroeconomic weakness, and a continued focus on energy transition. This resilience is reflected in the stability of oil prices: Brent crude oil prices exhibited a minimal average monthly change and a monthly […]