Oil prices climbed on Thursday, paring some of their steep losses in the previous session, as the potential for an energy standoff between European nations and Russia overshadowed fears of recession and rising inflation.Brent crude futures LCoc1 rose by 25 cents or 0.3% to $88.25 per barrel by 0033 GMT after closing at their lowest since early February in the previous session. U.S. crude futures CLc1 were up 40 cents鈥
Gall Thomson said there were 21 known activations of its Marine Breakaway Couplings during 2024. The activations occurred in nine different countries around the world.On each occasion, the Marine Breakaway Coupling (MBC) operated exactly as expected鈥
Taiwan's state-owned energy company CPC said Wednesday it had received Australian government approval to acquire four subbasin permits in oilfields off Western Australia from Carnarvon Energy.CPC's subsidiary OPIC Australia Pty Ltd reached the deal with Carnarvon in February鈥
The US National Ocean Industries Association (NOIA) has released a study on global oil production emissions that finds that the greenhouse gas intensity of US oil production, particularly in the U.S. Gulf of Mexico, is significantly lower than most other regions around the world鈥
