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  • Vår Energi Makes Oil Discovery Near Arctic Field in Norway December 4, 2025
    Vår Energi confirmed on Thursday an oil discovery very close to its Goliat field in the Barents Sea, the first operating Arctic oilfield offshore Norway.Vår Energi, the top independent producer offshore Norway, encountered oil at the Goliat North exploration well, five kilometers (3 miles) north of the Goliat field. The discovery boosts the overall gross […]
  • UK Regulator Greenlights Massive $37 Billion Energy Grid Overhaul December 4, 2025
    Britain’s energy regulator, Ofgem, has approved a $37.4 billion (£28 billion) investment program for energy network companies to upgrade the UK’s power and gas grids to boost their stability and security.  “This investment will upgrade power and gas grids, creating a future-ready system that better shields customers from volatile energy bills,” Ofgem said on Thursday.  […]
  • ExxonMobil Prepares to Permanently Close Singapore Petrochemical Unit December 4, 2025
    U.S. supermajor ExxonMobil plans to permanently shut down one of two steam crackers at its huge Singaporean refining and petrochemical complex, Reuters reported on Thursday, citing anonymous sources with knowledge of the plans.  Exxon owns and operates a 592,000-barrel-per-day (bpd) refinery in Jurong, which is fully integrated with the Singapore Chemical Plant (SCP). The petrochemical […]
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