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Norway’s state oil company Equinor reported nearly doubled profits of $11.5bn in the second quarter, benefiting from elevated oil and gas prices amid geopolitical tensions affecting global energy supplies.
BP has launched a formal sales process for its North Sea oil and gas operations, ending over six decades of production in the basin as the company pursues debt reduction and portfolio simplification.
Carbon capture and storage technology is considered critical for achieving net-zero emissions by major climate organizations, yet faces criticism over high costs, unproven performance at scale, and ties to the fossil-fuel industry.
The DOE’s Energy Technology Innovation Partnership Project is accepting applications through November 18, 2026, for coastal, remote, and island communities seeking to improve energy affordability and reliability.
Crude oil prices are climbing toward $100 per barrel amid stalled US-Iran negotiations and escalating attacks in the Strait of Hormuz, despite a substantial build in US inventories.
US oil drilling rig counts increased this week to 593 total rigs, with crude production averaging 13.805 million barrels per day as oil prices rose.
