Explosion Rocks South Korean Cargo Ship in Strait of Hormuz
South Korean authorities are investigating the cause of a fire on a vessel in the Strait of Hormuz after an explosion occurred on the Korea-operated cargo ship HMM Namu on…
California Gas Prices Surge Past $6 Amid Oil Supply Crunch
Californian retail fuel prices have hit $6.114 per gallon for the first time since 2023 amid the global supply crunch that has exposed the state’s vulnerabilities, notably its dependence on…
Hong Kong and Dongguan to establish SAF hub for Asia Pacific
By 35 min ago 2 min read The governments of Hong Kong and Dongguan in nearby mainland China – together with renewables producer EcoCeres – are partnering to establish a…
Oman launches hydrogen power plant tender
By 12 min ago 2 min read Oman’s state-owned energy company Nama Power and Water Procurement (PWP) has a tender for a hydrogen-ready power plant with up to 1GW of…
Celanese and SharpCell advance CCU in pulp and paper
By 21 min ago 1 min read Specialty materials and chemical company Celanese will deploy carbon capture and utilisation (CCU) technologies in its binders for the pulp and paper industry.…
Central Welding Supply completes full acquisition of Alaskan steel company
By 51 min ago 1 min read US industrial gas and welding supplies company Central Welding Supply has acquired the remaining steel and materials operations of Alaska-based Morgan Steel, following…
GlobalData Identifies ‘Top’ Oil, Gas Themes for 2026
GlobalData has identified the “top” themes that will impact the oil and gas industry this year in a new strategic intelligence report, the company highlighted in a statement sent to…
India Condemns Iran Attack on Fujairah as Oil Prices Surge
India has called for an end to the hostilities in the Middle East, condemning Iran for its recent attack on the port of Fujairah – a vital oil hub that…
Chevron CEO Warns of Emerging Physical Shortages in Crude Oil
Signs of physical shortages in crude oil are emerging, the chief executive of Chevron warned this week, noting that this will first hit Asian economic growth. “We will start to…
Oil Surges to $114 Following Iranian Strikes on UAE Port
A fragile four-week ceasefire between the United States and Iran appears to be on the brink of collapse following a violent exchange of fire in the Persian Gulf on Monday.…
Iran Closes Strait of Hormuz Again and Says its Negotiating Team With U.S. is Heading to Switzerland
