China’s Crude Imports Jump as Other Commodity Purchases Falter
Amid the highest Chinese refinery throughput so far this year, China’s crude oil imports jumped in October by 8.2% from a year earlier and by 2.3% month-on-month, while purchases of…
Petrobras Hikes Dividend as Production Surge Offsets Lower Oil Prices
Petrobras will be paying higher dividends for the third quarter compared to the second quarter as production and earnings jumped sequentially, the Brazilian state-owned oil giant said. Petrobras booked a…
Oil Market Appears ‘Torn’
The oil market appears “torn”. That’s what Standard Chartered Bank Energy Research Head Emily Ashford outlined in a report sent to Rigzone by the Standard Chartered team this week, which…
Petronas receives Malaysia offshore CCS permit
A subsidiary of multinational oil and gas firm Petronas has been granted an offshore assessment permit for carbon capture and storage (CCS) in the Duyong area of Malaysia. The Malaysia…
Greek project to showcase first end-to-end CO2-to-fuel system at refinery
A new European project will bring together 16 partners from eight countries to demonstratehow advanced carbon capture and utilisation technologies can turn industrial CO2 emissions into clean fuels. The four-year…
Japan to Start Buying LNG for Emergency Reserve
Japan will start buying liquefied natural gas for an emergency reserve from January next year, Reuters has reported, citing two unnamed sources from the country’s trade and industry ministry. The…
Gunvor Pulls Lukoil Bid After U.S. Treasury Labels Firm a ‘Russian Puppet’
Swiss commodity major Gunvor has pulled a $22-billion bid for Lukoil’s international business after the U.S. Treasury Department signaled it was not happy with the deal, calling the company a…
Oil Prices Set to Extend Losing Streak as Floating Storage Soars
Crude oil prices were on course for another weekly decline today as worries about a supply overhang deepened amid reports of record crude oil volumes going into floating storage and…
Air Products sees potential path forward for Louisiana hydrogen project
Air Products believes it could still proceed with its paused $4.5bn blue hydrogen plant in Louisiana, US, according to its CEO. Speaking during the industrial gas firm’s Q4 results, Eduardo…
OEUK Says UK ‘Could Add Thousands of Jobs’ With ‘Right Policies’
In a statement sent to Rigzone this week, Offshore Energies UK (OEUK) noted that, according to its 2025 Workforce Insight report, the UK “could add thousands of jobs, retain economic…
