Texas regulators levy $1.1 million in oil and gas enforcement penalties
(WO) — The Railroad Commission of Texas assessed more than $1.1 million in enforcement penalties against operators and businesses at its open meeting this week, according to agency filings. …
Putin Lashes Out as EU Agrees to Loan $105 Billion to Ukraine
The international gold and foreign exchange reserves held by the world’s biggest oil-producing nations in the EU could be at risk, Russian President Vladimir Putin said on Friday, after EU…
Adani Explores Nuclear Power Foray With 1.6 GW Small Reactor Project
Adani Group, the conglomerate of Indian billionaire Gautam Adani, is in talks with the state government of India’s northern Uttar Pradesh state on a public-private partnership to build small modular…
Shipping Giant Maersk Completes First Red Sea Transit in Two Years
Shipping giant A.P. Moller-Maersk completed on Friday the first transit of a container ship via the Red Sea and Bab el-Mandeb Strait in almost two years, after having stopped voyages…
Russia and China Boost Shadow LNG Trade
Russia and China aren’t even attempting to hide anymore the rise of sanctioned LNG trade as they continue to defy U.S. and other Western sanctions on Russian energy exports and…
Harbour Energy Makes Gas Discovery in Norway’s North Sea
Harbour Energy has made a gas and condensate discovery in the Norwegian section of the North Sea, which could be tied back to existing infrastructure, the Norwegian Offshore Directorate said…
USA House Passes SPEED Act
H.R. 4776, also known as the Standardizing Permitting and Expediting Economic Development (SPEED) Act, has passed the U.S. House of Representatives with a vote of 221-196, the congress.gov website shows.…
Songyuan green hydrogen-ammonia-methanol project begins operations in China
China Energy Engineering Group (CEEC) has begun operating a large-scale green hydrogen-based ammonia and methanol project in Songyuan, China. The first phase of the project reportedly has a planned annual…
Oil Prices Slide as Oversupply Fears Tighten Their Grip on Markets
Crude oil prices were down today, set for the second consecutive weekly loss as glut perceptions deepen amid reports of rising oil inventories. At the time of writing, Brent crude…
China’s Oil Demand Is Set to Peak by 2030
Chinese crude oil demand will peak by 2030, a new report from the China National Petroleum Corp Economics and Technology Research Institute has predicted, as quoted by China Daily. According…
