Sanctioned Chinese Tanker Passes Hormuz Despite U.S. Naval Blockade
A Chinese-owned tanker under U.S. sanctions has passed the Strait of Hormuz despite the U.S. blockade of Iranian ports that began on Monday. Citing data from Kpler and MarineTraffic, Reuters…
Oil Traders Bet on Diplomacy Even as Physical Supply Tightens
Oil prices edged lower in early Asian trade on Tuesday, giving up gains from the previous session as hopes of diplomatic progress between the U.S. and Iran tempered fears of…
Top 5 issues for helium startups in Middle East crisis
The Middle East crisis has presented distinct challenges to helium startups across production, financial and strategic areas, but also new opportunities. Here we summarise some of the key dynamics that…
InSolare signs 85,000-tonne green ammonia supply tender with SECI
By 47 min ago 2 min read Renewables firm InSolare has secured a $398m government contract to supply 85,000 tonnes of green ammonia to two Indian fertiliser producers per year.…
Hydrogen pilot in Namibia processes low-grade iron ore into DRI
By 1 hour ago 3 min read Low-grade iron ore has been converted into direct reduced iron (DRI) in Namibia using hydrogen under a German-led pilot project. The SuSteelAG consortium,…
Petrobras Strikes New Offshore Hydrocarbon Discovery In Brazil
Petrobras (NYSE:PBR) has made yet another deepwater hydrocarbon discovery in the Campos Basin offshore Brazil, marking another win in its strategy to replenish reserves. The discovery was made within Block…
Iran, US Weigh Fresh Talks as Trump Blockade Underway
The US and Iran are weighing further negotiations to extend a two-week ceasefire as President Donald Trump presses ahead with a naval blockade to curb the Islamic Republic’s oil exports,…
BP Joins Shell and TotalEnergies in Namibia’s Offshore Rush
UK-based supermajor BP has agreed to buy 60% in three offshore exploration blocks in Namibia as part of its ongoing strategy to grow its upstream portfolio. The company will buy…
EU Considers Lower Energy Taxes as Hormuz Crisis Drives Costs Higher
The European Commission is preparing to adopt next week a policy paper to recommend lowering energy taxes and grid charges as the EU looks to reduce the impact of the…
Oil Soars 7%, OPEC Cuts Demand Forecast As Trump Moves to Block Iran Ports
Oil prices jumped more than 7% back above $100 a barrel as the U.S. moved to block ships sailing through the Strait of Hormuz in a bid to throttle Iran’s…
