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Taiwan's Formosa 2 offshore wind farm has passed two significant construction milestones, completing the installation of twelve turbines, and transmitting power to the national grid.

Crude futures earned a reprieve from oversold territory after a string of losses.

Ovintiv Inc. (NYSE: OVV) announced Monday a deal to acquire 'core Midland basin assets'.

Ovintiv has closed transactions involving the Midland Basin and Bakken oil and gas assets.

Despite the softer market Ovintiv has raised its planned output for the 2023 to 535,000-550,000 barrels of oil equivalent a day.

Ovintiv expects to turn in line 170–180 wells net in the Permian Basin for 2023.

Ipieca has named Oxy's Krish Ravishankar and Hess Corporation's Tony Webster as its newest Vice Chairs.

Oxy Oman and OQGN will jointly study potential carbon capture, utilization, and sequestration (CCUS) projects in Oman.

Fusion technology has the potential to deliver emissions-free, continuous, and on-demand energy to complement Occidental's existing zero or very-low emissions approach for DAC power and heat requirements.

The joint study agreement for the DAC facility was signed at the ADIPEC conference in Abu Dhabi.