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Petrofac called on certain creditors to agree on a 'voluntary arrangement' regarding their claims, to allow the British energy engineering company to proceed with a recent agreement to sell its Asset Solutions business to CB&I.
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Oil prices retreated after a five-session rebound as concerns about the geopolitical situation in the Middle East abated to some extent, Daniel Takieddine, Co-founder and CEO of Sky Links Capital Group, said.
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Under the five-year contract, Woodside is to deliver about 200,000 metric tons a year of LNG to Japan during winter starting 2027.
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OEUK describes itself on its website as the leading trade association for the UK offshore energy industry and a not for profit membership organization with a history stretching back five decades.
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'These charges are primarily attributable to the gas and low-carbon energy segment'.
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Talks are at an early stage and MidOcean may yet walk away.
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Oil prices reversed sharply after Trump suggested Iran's crackdown may be easing, reducing fears of immediate US military action.
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Shell Plc and Exxon Mobil Corp. canceled a proposed deal to sell natural gas assets in the North Sea to upstart firm Viaro Energy.
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GasBuddy revealed its average U.S. gasoline price prediction for 2026.
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Britain stepped up support for offshore wind in the latest subsidy auction.
