Russia-China Gas Pipeline Could Take 10 Years to Build
The construction of the second Power of Siberia gas pipeline from Russia to Northern China could take up to 10 years because it involves “tremendous work, jobs and negotiations,” the…
Oil Price Did Not Shift on Fed Cut
In a market update sent to Rigzone by the Rystad Energy team late Wednesday, Rystad highlighted that the price of oil “[did] not shift… on the Fed’s cut”. Rystad pointed…
Citi Sees Oil Prices Falling to $60 in Early 2026
Citi expects Brent crude to decline further to an average $60 per barrel over the first quarter of the new year, Reuters has reported, citing the bank as expecting inventories…
India’s Russian Oil Imports Are Set to Hit a Six-Month High
Indian refiners are on track to buy the most Russian crude in six months this December, despite U.S. sanctions on Russia’s top two exporters that went into effect in late…
Petrobras Workers Announce Nationwide Strike
Workers at Brazil’s Oil & Gas giant Petróleo Brasileiro S.A. (NYSE:PBR), aka Petrobras, have announced a nationwide strike starting December 15, terming the company’s latest counteroffer for a labor agreement…
Linde LienHwa starts up hydrogen refuelling stations in Taiwan
Taiwan industrial gas company Linde LienHwa has launched two hydrogen refuelling stations in partnership with CPC Corporation. The Tree Valley station in Tainan is a demonstration site intended to act…
Johnson Matthey opens hydrogen internal combustion engine facility in Gothenburg
Sustainable technologies firm Johnson Matthey has opened its first hydrogen internal combustion engine (H₂ICE) facility in Gothenburg. H2ICE will test emission control systems and strengthen the company’s profile in heavy-duty…
Shell Plans to Cut CPC Pipeline Partnership with Rosneft
Shell Plc is planning to dissolve a partnership with Russia’s Rosneft PJSC through which the two oil giants jointly own a stake in a pipeline from Kazakhstan. If the process…
Elon Musk’s SpaceX Targeting $1 Trillion Valuation in 2026 IPO
Elon Musk’s space transportation company SpaceX is targeting a raise of $25 billion through an initial public offering (IPO) in the coming year, in a move that will give it…
Chevron In Talks With Trump Administration on Venezuela
Chevron Corp. (NYSE:CVX) is currently engaged in talks with the Trump administration over its Venezuelan operations, with Chief Executive Officer Mike Wirth emphasizing that its continued presence there is beneficial…
