ITM Power wins 710MW German electrolyser contracts
German engineering and project development company Stablegrid Group has chosen ITM Power to supply electrolyser capacity totalling 710 megawatts for two energy infrastructure projects. In the first project in Rüstringen,…
Oil Prices Have Fallen Sharply
Crude oil prices have fallen sharply, Nadir Belbarka, an analyst at XMArabia, said in a statement sent to Rigzone on Friday, highlighting that Brent was at $62.67 per barrel and WTI…
New U.S. Sanctions Could Leave 48 Million Barrels of Russian Oil Adrift at Sea
U.S. sanctions on the global operations of Russian oil heavyweights Rosneft and Lukoil enter into effect today, with some 48 million barrels of Rosneft and Lukoil crude on tankers that……
Trump Outrages California Authorities With Oil Drilling Plan
The U.S. federal government on Thursday announced plans to allow oil and gas drilling off the coast of California and Florida for the first time in decades, prompting a strong……
Oil Prices Sink 2.6% After Zelenskyy Agrees to Work on Peace Deal
Oil prices dropped again on Friday morning, bogged down by fresh news that Ukraine’s Zelenskyy agreed to work with Washington on a peace plan, a development that could…
Venture Global files for Plaquemines LNG expansion
US liquefied natural gas producer Venture Global has submitted applications to the Federal Energy Regulatory Commission (FERC) to permit and approve its Plaquemines LNG expansion project. Venture Global plans to…
Masdar and Tadweer team up on waste-to-SAF project in Abu Dhabi
UAE clean energy major Masdar and waste management firm Tadweer Group are teaming up to develop what they claim will be the first commercial-scale waste-to-sustainable aviation fuel [SAF] project in…
USA Crude Oil Stocks Drop by 3.4 Million Barrels WoW
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR) decreased by 3.4 million barrels from the week ending November 7 to the week ending November 14,…
Rosneft’s Vanishing Dividend: A Warning Shot for Moscow’s Oil Economy
Russia’s largest oil producer just flashed a signal Moscow didn’t want to see: Rosneft is recommending its smallest interim dividend since the pandemic year of 2020. For a company that……
Exxon Revives Mozambique LNG After Four Years in Limbo
Exxon Mobil has finally lifted force majeure on the long-stalled Rovuma LNG project in northern Mozambique, clearing the first real procedural hurdle the $30-billion development has seen in years. The…
