oil and gas industry

Energy

Billionaire Economou Seeks to Replace Trafigura As Partner in Italy’s Top Oil Refinery

The main investor in Italy’s biggest oil refinery is sounding out trading firms to replace Trafigura Group as the plant’s supply

Cruise Ships

Carnival Earnings Outlook Misses While Fuel Costs Near 15-Year High

(Bloomberg) — Carnival Corp. posted a profit for the first time since 2020 but issued a fourth quarter earnings outlook that missed Wall Streets’

Offshore

Legendary Natural Gas Trader Sees ‘Seismic Shift’ in Houston’s Oil Patch

By Gerson Freitas Jr. (Bloomberg) — For John Arnold, the billionaire philanthropist who made his fortune betting on natural gas prices, Houston’s

Shipping News

Saudi Oil Flotilla Faces Congested U.S. Ports

By Stephen Cunningham and Robert Tuttle (Bloomberg) — A fleet of supertankers carrying Saudi oil will add to the growing congestion at U.S. ports in

News

Big Oil Seems to Be Falling Out of Love With Big Projects

By Liam Denning (Bloomberg Gadfly) — Big Oil just doesn’t seem to be as enamored with the ‘big’ thing as it once was. Another major

News

Transocean, Schlumberger See Oil Industry Recovery Delayed

By David Wethe (Bloomberg) — Leaders of the world’s largest suppliers of offshore drilling rigs and the services that go with them see the oil market

Offshore

Report Estimates 22,000 New Oil and Gas Jobs In Norway

A new report by the International Research Institute of Stavanger showed that oil and gas industry will need to recruit more than 20,000 workers by 2020 in