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Reuters Survey: OPEC Output Down 460,00 BPD This Month

A Reuters survey on Wednesday shows a drop in OPEC oil output for May following voluntary production cuts by OPEC+ said to help support the market ....

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American Offshore Wind Gets Gulf Of Mexico Green Light

The U.S. Bureau of Ocean Energy Management (BOEM) has given the Gulf of Mexico the environmental green light for offshore wind energy development on the outer continental shelf’s federal territory, paving the way for offshore wind projects across 30 million acres ....

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Rosneft Q1 Profit Soars As Russian Oil Output Cuts Remain Invisible

Russian state-run oil giant Rosneft saw its first-quarter 2023 net profit rise by over 45% to around $4 billion, beating analyst expectations as production increases despite Moscow’s 500,000 barrel-per-day output cuts ....

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The World's First

Japanese battery startup PowerX Inc. revealed a 140-meter-long electric propulsion vessel capable of transporting stored electricity across oceans ....

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