EIA Sees Gasoline, Diesel Price Dropping in 2025, 2026
The U.S. Energy Information Administration (EIA) projected that the U.S. regular gasoline and U.S. on-highway diesel fuel retail price will drop both in 2025 and 2026 in its latest short…
Nigeria Opens 50 Oil and Gas Blocks in $10 Billion Investment Push
Nigeria has tendered 50 oil and gas blocks, eyeing $10 billion in new investments over the next ten years and 400,000 barrels daily in additional production capacity, local media report.…
UK Windfall Tax Puts $20 Billion in North Sea Oil Investment at Risk
The UK government’s decision to keep the windfall tax on North Sea oil and gas operators could wipe out as much as $20 billion (£15 billion) of potential investment in…
Vestas Expands in Poland to Supply Germany’s Rapid Wind Buildout
Danish wind turbine manufacturer Vestas will expand its capacity in Poland in response to strong demand for turbines in Europe, Reuters has reported, adding the ramp-up will serve mainly the…
ABB launches four-gas analyser upgrade for biogas sector
Global technology firm ABB has launched Sensi+ NG, the latest evolution of its multi-gas contaminant analyser for the biogas industry. The company has added oxygen measurement to Sensi+ NG’s existing…
World’s largest CCS facility records ‘declining volumes’ claims IEEFA
The world’s largest carbon capture and storage (CCS) project at Chevron’s LNG facility in Western Australia has reported the lowest amount of carbon dioxide captured in a year since its…
CycleO rolls out two biomethane plants in Spain
Renewable natural gas producer CycleO has opened two new biomethane plants in Spain as part of a wider commitment to boost renewable gas production in the country. The plants are…
Decline in Industrial Activity Drives Lower Power Output in India
Electricity generation in India declined last month amid weaker industrial activity and mild weather. This was the second monthly decline in output in a row, Reuters noted in a report…
Geopolitical Risk Keeps Oil Prices Elevated
Oil prices remained elevated in early Asian trade on Tuesday as investors priced in growing geopolitical risk, especially after a drone strike damaged infrastructure at the Caspian Pipeline Consortium (CPC)…
China Shale Oil Output Outlook Improving
In a BMI report sent to Rigzone by the Fitch Group recently, analysts at BMI, a Fitch Solutions company, said China’s outlook for shale oil production is improving on the…
