Standards, oxygen limits and grids key to European biomethane growth
Gas standards, oxygen limits and grid masterplans are among the key issues to address if Europe’s biomethane industry is to realise its potential. The recommendations from 60 experts – encompassing…
China Oil Tankers Join Line Testing Hormuz and Iran Truce
(Update) April 9, 2025, 8:12 AM GMT: Article updated throughout with mention of a third Chinese VLCC. Two fully laden Chinese oil tankers are waiting near the Strait of Hormuz…
Exxon Mobil Signals $2.9B Q1 Earnings Bump On Higher Oil Prices
U.S. Oil & Gas giant Exxon Mobil (NYSE:XOM) has signaled that surging oil and gas prices triggered by the conflict with Iran could increase its first-quarter upstream earnings by up to…
Oil Slumps, Stock Markets Surge As First Ships Transit Hormuz
Oil prices fell below $100 per barrel while the S&P 500 and global markets surged after the U.S. and Iran agreed to a two-week ceasefire deal that includes the reopening…
Aker BP Fast-Tracks Symra Startup as DNO Ramps Up North Sea Growth
Aker BP has started production from the Symra field in the North Sea nine months ahead of schedule, while partner DNO ASA highlighted the startup as a key milestone in…
Queensland Looks to Fast-Track Australia’s First New Oilfield in 50 Years
The state of Queensland on Wednesday urged Australia’s federal government to fast-track the approval of the Taroom Trough project that would see the first new oil development project the country…
Shell Expects ‘Significantly Higher’ Oil Trading Profits in Q1
Shell expects its adjusted earnings in marketing and oil trading for the first quarter to be “significantly higher”, the UK-based supermajor said in a trading update on Wednesday in a…
European Natural Gas Futures Slump by 20% on Ceasefire Relief
European benchmark natural gas prices tumbled 20% at opening in Amsterdam on Wednesday after the U.S. and Iran announced a two-week ceasefire that could lead to reopening of the Strait…
India Set to Import First Iranian Oil in 7 Years
India is expected to receive this week its first cargo of Iranian oil in seven years, after the U.S. last month unsanctioned purchases of Iran’s oil already loaded on tankers.…
Korea research team develops catalyst tech to boost CO2 conversion efficiency
Researchers at the Korea Advanced Institute of Science and Technology (KAIST) have developed a new electrode design that improves the efficiency and selectivity of carbon dioxide electroreduction – a technology…
