Trending News: China Rare Earth Firms Freeze U.S. Exports Weeks Before Xi-Trump SummitEurope Gas Prices Head for Fourth Straight Weekly GainIran Says It’s Found Ways to Dodge U.S. Oil BlockadeIndia Plans Mandatory Battery Storage at Solar and Wind ProjectsUK must bolster food supply chain resilienceCarbon capture and conversion technology wins Australian science awardNano Nuclear Energy and Howden work on helium circulator nuclear designUK Poised to Approve Jackdaw Gas Field as Energy Costs SoarArgentina Targets Falklands Oil Drillers With Tougher SanctionsU.S. Diesel Prices Hit All-Time High as Global Fuel Squeeze DeepensGreene Tweed expands cryogenic leak and supercritical CO2 testing capabilitiesAnalysts Still Expect USA-Iran Deal by End-SeptemberUltravibrant Integrated Energy Limited Wins Service Excellence Award at Rajasthan Energy Excellence Awards 2026 Vestas Secures 50 MW Wind Turbine Order for Wulfshagen Project in GermanyCasella and Waga Energy bring third US landfill RNG facility onlineMTerra Solar Phase 1 Begins Commercial Operations With 600 MW Solar-Storage Capacity In PhilippinesAEREM Becomes Official Distributor for Hopewind Inverters and PCS in India US Bulk-Power Equipment Import Restrictions Could Deepen Transformer Supply ShortagesEdison confirms Qatar force majeure extended to NovemberHelix pauses Montana helium production at Rudyard after MBOGC orderHigh Oil Prices Speed Up China’s Shift Away From CrudeBrent Nears $96 as Iran Conflict Keeps Oil Market on EdgeADNOC Keeps Loading LNG as Hormuz Risks IntensifyAnalysis: How can carbon dioxide removal move into a functioning market?ADNOC Keeps Loading LNG Tankers in GulfRussia’s Oil Revenue Sinks as Urals Falls to $59Machado Backs U.S. Oil Partnership but Questions Venezuela DealUS Launch Pad supports reactor and fuel projectsSaltfoss enlists Korean services for MSR developmentFinland’s readiness for nuclear emergencies assessed by IAEAViewpoint: Fusion’s lessons from fission, as commercial deployments approachTexas Oil Regulator Hails ‘Oil Theft Bust’Iraq Hikes Oil Exports via Hormuz in Boon for Asian RefinersHormuz Disruptions Could Drag Into Next Year, Japanese Tanker Giant WarnsRussia Says Oil Output Drop Is Temporary as Refineries RestartNorway Seizes Russian Cruise Ship to Enforce Naftogaz’s $4.22 Billion ClaimSuez Canal Economic Zone targets energy potential as Egypt–China ties strengthenBrazil orange juice waste-to-biogas plant nears completionChinese Refiners Pay Record Premiums for Russian ESPO CrudeEurope’s Low Gas Stocks Set Stage for Winter LNG BattleGlobal Refining Crunch Could Keep Fuel Prices High Into 2027Stade FLNG to commission in November providing Germany supply boostAvnos commissions 450-tonne hybrid DAC plant in New JerseyIndian Markets Slip As Green Energy Stocks Deliver Mixed Performance (03 September 2026)eCap Marine to fit hydrogen propulsion on two new vesselsInox Clean Energy Raises INR 3,100 Crore in Equity to Expand Renewable IPP and Solar Manufacturing BusinessesFinland gives go ahead for wood-based biogenic CO2 plantChevron Bets $7 Billion on Venezuela Oil ExpansionOPEC+ Set to Hold Oil Output Steady as Iran War Disrupts SupplyAsian Oil Buying Spree Sends Dubai Crude Toward $100Asian LNG Prices Surge to Highest Since 2022 as Iran War EscalatesFull-scale onboard carbon capture hits 40% but port bottleneck remainsIEX Records Highest-Ever Monthly Electricity Trading Volume of 13,938 MU in August 2026CEA Proposes 15% Grid-Forming Inverters And Mandatory ESS For Renewable Projects From 2027Back British Biogas campaign closes next MondayUAE And Nigeria Discuss 5,000 MW Power Generation ExpansionNetherlands duo target wood waste for biomethanol and biomethaneSEMI and Silicon Catalyst team up on global semiconductor innovationHormuz Traffic Craters to Four Ships as Iran-U.S. Strikes EscalateConsortium formed for Swedish SMR projectIndustrial zone plan to boost localisation for Uzbek nuclear projectRosatom signs EPC contract for Kazakhstan nuclear plantProject to consider trans-Atlantic nuclear-powered cargo shipsUN Warns Global Warming Will Top 1.5C Within YearsPakistan Rejects Costly LNG Cargo as Blackout Risk DeepensDiesel Cracks Hit Record Highs as Global Fuel Squeeze DeepensQatar and UAE Turn to Rare LNG Ship Transfers as Hormuz Crisis Drags OnKazakhstan to Double Oil Refining Capacity by 2040India Boosts Far East Russian Oil Imports as War Upends Trade RoutesRyanair Warns Some Airlines Could Struggle with Jet Fuel Price SpikeAI Could Unlock $230B for Oil, Gas, OFSE Cos, McKinsey SaysGalactic Energy joins reusable rocket raceGalactic Energy joins reusable rocket raceMeritus enters Arizona market with Allied Gases and Welding Supplies acquisitionUS LNG exports up 23% in first half of 2026, reports EIASwitzerland launches cross-border BECCS CO2 supply chainColumn: How energy-efficient motors can cut biogas plant costsQatar and UAE LNG cargoes transferred ship-to-ship outside HormuzIndia Daily: Andaman & Nicobar Tenders 20 MWh BESS, NLC–OREDA Form Green JV, UPCL Tenders BESS, BERC Reviews 70 MW LTA, REC Transfers Luhri SPV, BERC Reviews OA ChargesYellow Door Energy, Nedbank CIB Reach Financial Close on 49 MWp Lion Thorn Solar Park in South AfricaNorthern Endurance Partnership receives pipelay vesselBessent Says Strait of Hormuz Obsolete Within Two YearsU.S. Shale Producers Lose Bid to Kill Oil Price-Fixing CaseU.S. Crude Inventories Drop amid Continued SPR DrawsU.S. Energy Secretary Says Venezuela Could More Than Double Oil ProductionHormuz Shipping Slumps as U.S.-Iran Strikes Rattle Oil MarketsBuckeye expands Colorado footprint with Wagner Welding Supply buyPower Sector Investments to Drive 100–200 bps Revenue Growth for Large EPC Companies: CRISIL RatingsNippon Sanso expands UK dry ice businessGoodWe Included in BloombergNEF Tier 1 Power Inverter List for Sixth Consecutive QuarterAdani Green Energy Crosses 20 GW Operational Renewable Capacity With 139 MW Khavda Solar ProjectTerraPower selects more suppliers for Natrium componentsDecommissioning of Chernobyl units progressingRosatom considers Murmansk site focused on floating power plant constructionBlykalla seeks state aid for second SMR plantHelical selected for Japanese fusion demonstration projectRussia Doubles Dark Fleet to Ship LNG to AsiaU.S. Energy Storage Capacity Installations Hit Record High in Q2Asia Spot LNG Prices Hit 5-Month High as Hormuz Blockage Drags OnU.S. Oil Deal Pushes China and Russia Out of Venezuelan Fields

Activist Elliott Builds Over $2.5 Billion Stake in Phillips 66, WSJ Reports

Business & Policy
February 11, 2025

Activist Elliott Investment Management has built an over $2.5 billion stake in U.S. oil refiner Phillips 66 and plans to push for operational changes to boost its stock price, the Wall Street Journal reported on Monday.

Elliott plans to push Phillips 66 to sell or spin off its big midstream business as it plans to seek a number of changes in a bid to simplify the company, the report said, citing people familiar with the matter.

Last year in March, Elliott accepted the performance improvement plan that Phillips 66 laid out to boost shareholder returns and share price, after the activist disclosed a $1 billion stake in the company.

Elliott and Phillips 66 did not immediately respond to requests for comment.

(Reporting by Shivani Tanna in Bengaluru; Editing by Rashmi Aich)