US Crude, Product Inventories Rise Again
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 1.7 million barrels in the week ending December 26. Crude oil inventories…
Peru Eyes Splitting $6B Refinery From State Oil Firm
Peru’s government is exploring splitting the assets of its ailing state-owned oil company, including a new multi-billion-dollar refinery that is generating losses. President José Jerí made the announcement in a…
Plaintiff firms probe Air Products disclosures amid Yara clean ammonia talks
US plaintiff law firm Pomerantz is investigating whether Air Products directors engaged in“securities fraud or other unlawful business practices”. A statement issued on 1 January asks investors to file “if you believe…
Finnish researchers hail new CO2 air capture using compounds
A new method to capture carbon dioxide from the air has been developed at the University of Helsinki’s chemistry department. The method is based on a compound of superbase and…
Baker Hughes secures liquefaction equipment contract for Commonwealth LNG
Energy technology company Baker Hughes has secured a contract to supply the liquefaction equipment for Commonwealth LNG, a 9.5 million tonnes-per-year liquefied natural gas export project on the Calcasieu Ship…
SOL Group to acquire Haemopharm Biofluids
Italy-based industrial gas company SOL Group has signed a preliminary agreement to acquire Haemopharm Biofluids, a manufacturer of infusible pharmaceutical and dialysis solutions. The transaction will be carried out through…
Hydrogen-ready plants key to Singapore’s long-term decarbonisation
Diversified LNG imports, strategic storage, and hydrogen-ready repowering requirements will raise Singapore’s gas-based capacity from around 10.38GW in 2024 to approximately 14.82GW by 2035, according to GlobalData research. Despite solar…
Will Saudi Arabia/UAE Tensions Over Yemen Threaten OPEC Status Quo?
The latest flare-up between Saudi Arabia and the United Arab Emirates over Yemen looks dramatic on the surface, but OPEC cohesion, not missiles or militias, is what ultimately matters to…
Investor Hesitation Stalls India’s Offshore Oil Push
India has once again kicked the can down the road on its biggest oil and gas licensing round, extending the deadline for bids under OALP-X to February 18. It is…
US Sanctions Chinese Entities with Venezuelan Oil Links
The Trump administration stepped up a pressure campaign against Venezuela’s oil exports by sanctioning companies based in Hong Kong and mainland China, along with related oil tankers it accused of…
