Oil Tops $100 as Supply Crisis Deepens
Crude oil prices were on course for a sizable weekly gain today, as the Strait of Hormuz remains almost entirely paralysed and the Yemeni Houthis target tankers in the Bab…
India Targets Five Small Modular Reactors by 2033
India expects to build domestically five small modular reactors (SMRs) by 2033, India’s Atomic Energy Minister, Jitendra Singh, has said. The five SMRs would be part of India’s push to…
India’s Fuel Exports Set to Soar in July as Refining Margins Jump
India is on track to export the highest volume of refined petroleum products in months as refining margins have jumped with the re-escalation of the Middle East conflict. India is…
LNG Importers Seek Lower Qatar and UAE Prices as War Upends Deals
The war in the Middle East has diminished the negotiating power that key regional LNG exporters Qatar and the United Arab Emirates (UAE) have enjoyed for years. Importers of LNG…
Evero bioenergy plant moves to join HyNet carbon capture network
By 53 min ago 3 min read UK-based waste wood energy operator Evero is set to join the HyNet North West carbon capture network as plans progress to retrofit its…
US imposes tariffs on 60 trading partners
By 21 min ago 2 min read After a period of relative calm, the US has imposed an extensive range of new tariffs covering 60 trading partners. The tariffs generally…
OEUK Hails ‘Constructive Meeting’ with New Energy Sec
In a statement sent to Rigzone on Thursday, industry body Offshore Energies UK (OEUK) announced that its CEO, David Whitehouse, had a “constructive meeting” with the UK’s new Secretary of…
Worley wins EPC contract for UK low carbon power project
By 44 min ago 2 min read Multinational utility Uniper has selected Worley as preferred engineering, procurement and construction (EPC) contractor for its proposed power station at Connah’s Quay in…
U.S. Refinery Utilization Hits 96.2% as Fuel Markets Tighten Worldwide
U.S. refinery utilization has been near-capacity for weeks, with American fuel exports jumping to record high levels amid tight global fuel markets in the wake of the Iran war and…
Chinese Tankers Push Through Bab el-Mandeb Despite Houthi Blockade Threats
Two China-owned and operated tankers loaded with Saudi crude continued on Thursday to travel in the Red Sea toward the Bab el-Mandeb Strait despite the overnight Houthi attacks on Saudi…
