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Baker Hughes CEO Lorenzo Simonelli presented a balanced view of the global oil market on the first-quarter earnings call, noting rising international activity offset by a slowdown in North America and the US gas basins.
Baker Hughes CEO Lorenzo Simonelli presented a balanced view of the global oil market on the first-quarter earnings call, noting rising international activity offset by a slowdown in North America and the US gas basins.
Ukraine is suffering the consequences of an intensive Russian missile offensive on its energy infrastructure, causing extensive damage to several thermal power plants and leading to power cuts. In retaliation, Ukraine attacked refineries in Russia with drones.
Ukraine is suffering the consequences of an intensive Russian missile offensive on its energy infrastructure, causing extensive damage to several thermal power plants and leading to power cuts. In retaliation, Ukraine attacked refineries in Russia with drones.
Faced with global conflicts and OPEC+ production cuts, the EPA is authorizing E15 this summer to stabilize fuel prices.
Faced with global conflicts and OPEC+ production cuts, the EPA is authorizing E15 this summer to stabilize fuel prices.
Senegal's new government plans to renegotiate hydrocarbon contracts to better serve its population, a risky gamble.
Senegal's new government plans to renegotiate hydrocarbon contracts to better serve its population, a risky gamble.
Israel's recent missile attack on Iran is likely to significantly increase costs for sea freight, insurance and crew salaries, even if loading operations continue for the time being.
Israel's recent missile attack on Iran is likely to significantly increase costs for sea freight, insurance and crew salaries, even if loading operations continue for the time being.
Ukraine has recently stepped up its attacks on Russian territory. Ukrainian drones specifically targeted critical energy infrastructure in eight regions, impacting a fuel depot and three power substations.
Ukraine has recently stepped up its attacks on Russian territory. Ukrainian drones specifically targeted critical energy infrastructure in eight regions, impacting a fuel depot and three power substations.
Ukraine's energy crisis is worsening following repeated attacks on its power infrastructure. The Ukrainian Ministry of Energy and the operator DTEK are calling for moderate electricity consumption.
Ukraine's energy crisis is worsening following repeated attacks on its power infrastructure. The Ukrainian Ministry of Energy and the operator DTEK are calling for moderate electricity consumption.
Ukraine consolidates its energy security by intensifying its collaboration with Holtec International for the deployment of modular reactors and spent fuel management.
Ukraine consolidates its energy security by intensifying its collaboration with Holtec International for the deployment of modular reactors and spent fuel management.
Exports of Russian oil products plummeted, impacted by Ukrainian drone attacks and flooding, reaching a post-pandemic low.
Exports of Russian oil products plummeted, impacted by Ukrainian drone attacks and flooding, reaching a post-pandemic low.
According to ENTSOG, the EU could achieve a gas inventory fill rate of 90-100% this summer, despite potential challenges related to LNG supply.
According to ENTSOG, the EU could achieve a gas inventory fill rate of 90-100% this summer, despite potential challenges related to LNG supply.

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