Washington — Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia's oil industry in an attempt to get Russian President Vladimir Putin to the negotiating table and end ...

The new data will help guide the company as it looks to fast-track its discoveries offshore Namibia, where TotalEnergies expects to take a final investment decision (FID) on its Venus field next year.

After years of rapid growth, global heat pump sales are falling. Lower gas prices, reduced subsidies, and installation bottlenecks are leading to lower sales. The technology’s efficiency remains ...

HOUSTON, Oct 17 (Reuters) - Oil prices managed small gains on Friday but were headed for a weekly loss of nearly 3% after the IEA forecast a growing glut and U.S. President Donald Trump and Russian ...

African oil and gas company Rhino Resources plans to drill an appraisal well on a Namibian prospect next year and take a flow test on another as it races TotalEnergies to first oil in the southern ...

BP on Monday confirmed an oil and gas discovery in Namibia’s Orange basin as reported by African energy explorer and operator Rhino Resources earlier this month. Petroleum Exploration License 85, ...

In turn, US interest rate restraint may cap the rise in the US dollar that has been forecast on the back of higher American interest rates. Last night Wells Fargo, one of the largest lenders to the ...

Abstract: In this paper we describe control challenges related to operation of oil wells equipped with Electric Submersible Pumps (ESP) and formalize them in a control problem setting in the language ...