China Hikes Purchases of Saudi Crude after Major Price Cut
China has accelerated purchases of Saudi crude oil for January to the highest volumes in five months, after the world’s top crude exporter slashed its official selling prices for Asia…
FID secured for Sea Lion field offshore Falklands, first oil targeted 2028
(WO) – Navitas Petroleum Development and Production Ltd. (NPDP), a subsidiary of Navitas Petroleum, together with partner Rockhopper Exploration plc, has taken a final investment decision (FID) on the Sea…
India Adds 7.2 GW of Coal Power to Bolster Energy Security
India has added as much as 7.2 gigawatts (GW) of coal-fired power capacity in the current fiscal year ending March 2026, which is about 60% above the previous fiscal year’s…
Rosneft Oil Cargo Wanders for Weeks as Sanctions Mount
A cargo of crude oil from sanctioned Russian giant Rosneft has made an 11-week-long meandering trip around Europe and Asia in search of buyers and although it has anchored off…
U.S. Army Looks to Build Small Refineries for Critical Minerals
The U.S. Army will develop small-scale refineries to ensure domestic supply of critical minerals for defense and military purposes as the United States and the Western allies look to reduce…
Eni’s Indonesia Strategy Pays Off with Major Gas Discovery
Eni has made a significant natural gas discovery offshore Indonesia, a month after creating a joint venture with Malaysia’s Petronas to combine their offshore assets in Southeast Asia. Eni announced…
UK launches second carbon storage licensing round
The UK North Sea Transition Authority (NSTA) has today (9 December) opened a carbon storage licensing round offering 14 locations in Scottish and English waters for exploration and appraisal, with potential to…
Port of Barcelona targets 100,000 tonnes of sustainable fuels annually
The Port of Barcelona aims to produce 100,000 tonnes of sustainable fuels per year, placing a strong emphasis on biomethane and synthetic fuels, as part of its approved energy transition…
U.S. Solar Installations Soar as Developers Rush to Secure Tax Credits
The U.S. solar market saw a significant jump in capacity installations in the third quarter as developers ramp up activity and construction to qualify for the last investment tax credits…
Activist Investor Pushes Siemens Energy to Focus on Gas
Activist investment vehicle Ananym Capital has built a significant stake in Siemens Energy and is now urging the company to focus on its lucrative gas turbine and power generation business…
