TotalEnergies CEO Expects Oil Price Improvement in 2026
Oil prices should improve next year, driven by healthy demand, TotalEnergies’ chief executive Patrick Pouyanne told Bloomberg, noting that a supply response from OPEC will also likely contribute to the…
Vitol Deal Revives Uganda’s $4 Billion Refinery Ambitions
Commodity trading major Vitol will provide $2 billion in loans for the Ugandan government, to be used for energy infrastructure projects, including a refinery, Reuters has reported, citing a Ugandan…
Huge Crude Draw Offsets Product Builds
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw yet another large draw, this time of 9.3 million barrels in the week ending December…
Trump Orders Blockade of Sanctioned Oil Tankers in Venezuela
President Donald Trump ordered a blockade of sanctioned oil tankers going into and leaving Venezuela, ratcheting up pressure on Caracas as the US builds up its military presence in the…
US state signs $75m R&D partnership with Japan chipmaker
The US state of New York has struck a strategic partnership worth at least $75m with Japanese semiconductor equipment maker Screen to advance research and development at the Albany NanoTech…
BPC Instruments and SixRing partner on biomethane evaluation
Global technology firm BPC Instruments has entered a collaboration with SixRing, the Canadian company behind the feedstock additive Stimulose, to support biomethane producers in the EU and UK. Across the…
CCUS deployment in coal shows limited progress
Global carbon dioxide capture capacity at coal-using facilities stands at approximately 10 million tonnes per annum (mtpa), representing just 0.06% of total coal-related emissions, according to a new International Energy Agency…
Uniper secures long-term helium supply from QatarEnergy
German utility company Uniper has signed a deal to buy around two million cubic meters of high-purity helium over a 15-year period from QatarEnergy. Supply began in September under a…
Saudi Firm Midad Emerges as Leading Bidder for Lukoil’s Global Assets
Saudi Arabia’s Midad Energy has emerged as one of the leading contenders to buy Russian oil major Lukoil’s international assets, a deal that could reshape ownership of roughly $22 billion…
PDVSA Faces Pricing Pressure as Tanker Seizure Disrupts Crude Flows
Venezuela’s state oil company PDVSA is facing wider crude discounts, stuck cargoes, and growing pressure from buyers to rewrite trading terms after the United States seized a tanker carrying Venezuelan…
