Bahri Profit Hits $1.36 Billion as the World Scrambles for Tankers
Surging tanker rates amid the oil and shipping crisis helped Saudi Arabia’s shipping giant Bahri post a tenfold jump in net profit for the third quarter from a year earlier.…
QatarEnergy Extends LNG Force Majeure to End of 2026
State-owned firm QatarEnergy has extended the force majeure on LNG deliveries to the end of the year, leaving Europe and Asia without certain term supply heading into the winter, in…
China’s Refiners Turn to Africa and Brazil Crude as Freight Rates Ease
China’s refiners are buying crude oil from West Africa and Brazil after freight rates eased in the past two weeks, while competition for Russian supply is stronger and Iranian barrels…
ErreDue to supply two PEM electrolysers to jewellery firm
© Shutterstock You’ve read 1 of 1 of your free articles this month. By 35 min ago 2 min read Italian engineering and manufacturing company ErreDue will supply two PEM…
Biomethane ‘left behind’ in UK Budget, says trade association
By 38 min ago 3 min read The UK government left funding for new biomethane projects unchanged in its Budget, prompting industry body the Anaerobic Digestion and Biogas Association (ADBA)…
UK-Taiwan launch CCUS partnership
By 39 min ago 2 min read The UK and Taiwan have launched a carbon capture, utilisation, and storage (CCUS) partnership under the Enhanced Trade Partnership (ETP), during the eighth…
UK Budget cuts carbon capture grants as Acorn faces funding uncertainty
The UK government has cut £200m ($266m) in capital grants for carbon capture, usage and storage (CCUS), leaving Scotland’s Acorn project without a confirmed grant funding commitment and raising fresh…
Equinor Profits Triple as Oil and Gas Prices Surge
Equinor tripled its adjusted net income for the third quarter from a year earlier, on the back of strong refining margins, high oil and natural gas prices, and increased hydrocarbon…
China’s Wind and Solar Power Capacity Surpasses 2 Terawatts
China’s total installed wind and solar power generation capacity exceeded 2 billion kW by the end of September, with 170 million kW in new capacity added over the first nine…
India’s Gasoline Demand Could Peak by 2035 as EVs Gain Ground
India’s gasoline demand is likely to peak by 2035 amid rising ethanol blending and increased use of vehicles running on batteries and natural gas, according to A S Sahney, the…
