Cold Snap Hits U.S. Oil and Gas Production
The cold spell that swept across the United States this weekend has caused a drop in oil production of up to 2 million barrels daily, Reuters reported, citing analysts and…
Holcim invests in Capsol Technologies to scale carbon capture
Swiss multinational Holcim has made an undisclosed investment in Norway’s Capsol Technologies to scale carbon capture technology. Capsol’s post-combustion carbon capture and heat recovery system delivers efficiency with a proven…
Cycle0 expands in Italy with Corte Pila investment
European biomethane developer and operator Cycle0 will later this year convert the Corte Pila plant in the Lombardy region of Italy to biomethane production. The conversation means biomethane will be…
Venezuela Eyes $1.4 Billion in Oil Investments
Venezuela expects fresh oil investments of some $1.4 billion this year, which would be up from $900 million last year, interim president Delcy Rodriguez said, as quoted by Reuters. The…
Petrobras Expands Gas Fleet, Boosts National Shipbuilding Industry
Petrobras and its logistics arm Transpetro have signed new contracts worth about 2.8 billion reais (roughly $520 million) to build a fleet of gas carriers, barges and pushboats, advancing a…
Baker Hughes Sees Major Revenue Upside in Venezuela
U.S. oilfield services firm Baker Hughes said it sees a significant revenue opportunity in Venezuela as sanctions constraints ease and payment mechanisms improve, opening the door for expanded activity in…
EU and India reach major free trade agreement in response to global challenge
Europe has reached a free trade agreement with India, hailing it as “the mother of all deals” in its uniting of the world’s second- and fourth-largest economies. European Commission President…
Yanbu green ammonia plant should be financed this year
A green ammonia plant at the Yanbu green hydrogen project in Saudi Arabia is poised to reach a final investment decision this year and start operations in 2030, according to…
Yanbu green ammonia plant should be financed this year
A green ammonia plant at the Yanbu green hydrogen project in Saudi Arabia is poised to reach a final investment decision this year and start operations in 2030, according to…
Trump Orders Review That Could Reopen Offshore Oil Leasing Off California
U.S. President Donald Trump has taken the first formal step toward reopening offshore oil and gas leasing off California, after the federal government launched a process that could lead to…
