BP Joins Shell and TotalEnergies in Namibia’s Offshore Rush
UK-based supermajor BP has agreed to buy 60% in three offshore exploration blocks in Namibia as part of its ongoing strategy to grow its upstream portfolio. The company will buy…
EU Considers Lower Energy Taxes as Hormuz Crisis Drives Costs Higher
The European Commission is preparing to adopt next week a policy paper to recommend lowering energy taxes and grid charges as the EU looks to reduce the impact of the…
Oil Soars 7%, OPEC Cuts Demand Forecast As Trump Moves to Block Iran Ports
Oil prices jumped more than 7% back above $100 a barrel as the U.S. moved to block ships sailing through the Strait of Hormuz in a bid to throttle Iran’s…
TotalEnergies Strikes Oil and Gas at Congo’s Moho License
TotalEnergies has found oil and gas on a license which it has been developing offshore the Republic of Congo, the French supermajor said on Monday. TotalEnergies EP Congo, which operates…
Video | Small-scale helium recovery and innovation in compression
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Amogy targets ammonia-to-power market through JV with South Korean EPC
By 6 hours ago 2 min read US-based ammonia cracking start-up Amogy has launched a joint venture (JV) with a South Korean engineering, procurement and construction (EPC) firm aimed at…
Saudi Oil Exports to China Set to Halve as War Upends Supply and Prices
Saudi Arabia is expected to ship in May halve the crude volumes to China it supplies in April as the Kingdom hiked its official selling prices while part of the…
Eni CEO Calls for Suspending EU Ban on Russian LNG
The European Union needs to suspend its planned ban on imports of Russian LNG, currently slated to take place on January 1, 2027, as the Middle East war has roiled…
Inpex Boosts Condensate from LNG Project to Bolster Australia’s Fuel Supply
Inpex, the Japanese energy firm that operates the Ichthys LNG plant offshore Western Australia, is raising condensate supply from the project to the local Australian market, which grapples with a…
LNG Shock Hits Asia as War Disrupts Gulf Exports and Prices Soar
Over the past month, Asia’s imports of LNG have plunged to their lowest level since the Covid pandemic crashed demand in June 2020, as the Middle East war trapped supply…
