Oil Prices Today / WTI Crude $62.13/bbl, Brent $66.20/bbl

03 Feb Oil Prices Today / WTI Crude $62.13/bbl, Brent $66.20/bbl

(Oilandgaspress) India.s suspension of crude oil imports from Russia would present a major disruption for global oil markets, Moody’s reportedly warned today, following the announcement of a trade deal between New Delhi and Washington.

A research team at the Institute of Science Tokyo (Science Tokyo) has developed the novel solid electrolyte, Ba0.5Ca0.35Na0.15H1.85. In this electrolyte, hydrogen can move easily, even at room temperature, as H-. Hydrogen power generation, whose only byproduct when combusted is water, is frequently regarded as the pinnacle of clean energy. However, a significant obstacle in its progress is the safe storage of the hydrogen required for power generation. Related News

Rystad Energy’s high-impact well outlook for 2026 points to a clear concentration in ultra-deepwater and frontier exploration. Ultra-deepwater wells account for around 60% of planned drilling, with majors leading these activities, followed by national oil companies (NOCs) and international NOCs (INOCs), which together represent 26%. Most wells are expected to target frontier regions, while roughly 5% will focus on basins with prior discoveries that could develop into hydrocarbon hotspots, and another 5% will test entirely new plays. Africa is set to play a central role, with all onshore high-impact drilling in 2026 expected to take place on the continent except for the recently announced Greenland well, which will test the frontier Jameson Land. Africa is set to continue leading global activity, accounting for around 40% of planned high-impact exploration wells, driven largely along the Atlantic margin, with exploration expected to focus on the Orange Basin in Southern Africa and the Gulf of Guinea in West Africa, reinforcing the region’s role in global high-impact drilling…Related News

OrbitMI, a leading provider of maritime SaaS software, today announced the appointment of Andrew Redfern as Sales Director for the Nordic & Americas region. In this role, Redfern will lead OrbitMI’s commercial growth across Northern Europe, working closely with shipowners, operators, and commercial teams to deliver measurable operational and financial results.
Redfern brings more than a decade of experience spanning maritime technology, commercial strategy, and financial analysis. Most recently, he served in senior sales leadership roles at ZeroNorth, where he led sales across Northern Europe and the Americas and played a key role in scaling digital bunker and voyage-related solutions. Prior to that, he held positions in business innovation and analytics at Swire Bulk and Western Bulk, building a strong foundation in vessel economics, performance analysis, and customer-facing commercial work.
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Woodside Energy and Texas Entrepreneurship Exchange for Energy (TEX‑E) today announced a collaboration designed to accelerate early‑career energy talent development and innovation in Houston, Texas.
The collaboration will include direct engagement with US university students, support for TEX-E energy and climate programs and the placement of a Woodside–TEX‑E Summer Fellow embedded at Greentown Labs in support of the Woodside–Rice Decarbonisation Accelerator. Woodside will also establish a US Summer Internship Program and a corresponding Graduate Development Program, commencing in 2026 and 2027 respectively.
Under the agreement, TEX-E will work with Woodside to promote high‑potential student recruitment through curated internship pipelines, on‑campus programming and expanded visibility across the TEX‑E university network.
Woodside Executive Vice President and Chief Operating Officer International Daniel Kalms said the collaboration is a great opportunity to align the company’s early career pathways with the Houston innovation ecosystem. Related News

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