U.S. Taps Strategic Oil Reserve Again as Diesel Tops $6
The U.S. Department of Energy will offer another 40 million barrels of crude from the Strategic Petroleum Reserve as gasoline and diesel prices remain elevated nearly seven months into the…
Air Liquide to invest €170m in Japan semiconductor gases
By 22 min ago 2 min read Industrial gas major Air Liquide will invest more than €170m ($192.8m) in several new production units to supply ultra high-purity gases to an…
German SOFC start-up eyes 250MW factory after $175m capital raise
By 3 min ago 2 min read German start-up Reverion is aiming to build a 250MW factory for its hydrogen-capable reversible solid oxide power plants following a $175m fundraising round.…
EU Weighs One-Year Delay to Methane Rules as Winter Energy Risks Rise
The European Union is considering delaying methane reporting rules for imported oil and gas by as much as a year as tight fuel supplies and rising prices collide with Brussels’…
Tullow Oil loses Ghana tax dispute, sending shares down 50%
(Bloomberg) – Tullow Oil Plc shares fell by half after the company lost an arbitration case over taxes on fields in Ghana that account for the bulk of its production. …
Dangote Targets 10 Million Investors in Africa’s Biggest IPO
The Dangote refinery in Nigeria is going public as Africa’s richest man, Aliko Dangote, is targeting 10 million retail investors in the “IPO for the people” pitch of Africa’s biggest…
Three EU Nations Call for New 2040 Renewable Energy Goal
Spain, Portugal, and Luxembourg have urged the European Union to set renewable energy targets for 2040, arguing that the EU should accelerate its clean energy rollout to reduce dependence on…
LNG Canada to Double Export Capacity After Shell Approves Phase 2
Canada’s first liquefied natural gas export facility, LNG Canada, will double its capacity in the early 2030s after the Shell-led project announced on Tuesday the final investment decision to proceed…
UAE’s Next $25 Billion Bet On India Includes Energy Sector
The United Arab Emirates has expressed intent to invest another $25 billion in India, including in the energy sector, Indian Commerce and Industry Minister Piyush Goyal said at a high-level…
India Looks to Boost Exploration as Hormuz Crisis Threatens Supply
India needs to boost domestic oil and gas exploration to enhance its energy security amid supply disruptions that drive energy prices higher, according to a senior official at state-owned exploration…
