The talks are part of an end-of-year, must-pass bill to fund the government through September 2016 and extend a series of tax breaks. Earlier on Tuesday, U.S. House of Representatives Speaker Paul Ryan said details of such legislation would be unveiled later in the day with House votes likely on Thursday.

Opedal Tapped for Top Spot at Equinor

The Equinor Board of Directors appointed Anders Opedal as its new president and CEO starting November 2, 2020. Eldar Sætre…

$10.5m Funding for CorPower Wave Energy Tech

CorPower Ocean announced the award of $10.5m in new funding for it’s wave energy tech innovation, a funding round led by Midroc New Technology…

Webinar: Floating Production Forecasts & Analysis

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering…

Taiwan: Fire Hits Formosa's Mailiao Refinery

Taiwan's Formosa Petrochemical Corp has shut a residue desulfurizer (RDS) unit at its 540,000 barrels-per-day (bpd) Mailiao…

MOL Makes 13th Discovery in Pakistan

Hungarian oil company MOL has made a gas and condensate discovery at its TAL Block in Pakistan, marking its 13th successful…

Oil Industry Veterans to Launch Hydrogen Investment Fund

Two energy industry veterans plan to launch an investment fund focused on hydrogen this year as more and more governments…

Japan's JERA Books Hefty One-off Losses on 2019/20 LNG Supplies

Japan's JERA, the world's biggest buyer of liquefied natural gas (LNG), booked tens of billions of yen in estimated one-off…

Japan's LNG Investments Drive Faces Risk of Souring

Japan's banks and public agencies have funneled nearly $25 billion into liquefied natural gas (LNG) projects since 2017 but…

Shell to Write Down $22B in Wake of Coronavirus

Royal Dutch Shell said on Tuesday it would write off assets worth up to $22 billion after the coronavirus crisis knocked…

Brent Crude Rises to Above $42 a Barrel

Oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised…

Two Firefighters Die in Fire at Oilfield in India

Two firefighters from Oil India have died while trying to put out a massive blaze at an oilfield operated by the state-run…

China Approves $20B Mega Petchem Complex

China's state planner has given initial approval for a $20 billion refinery and petrochemical project to be built in Shandong province…