Swedish Industrial Giants Bet Big on Small Modular Nuclear Reactors
Sweden’s biggest industrial firms have signed an agreement with Vattenfall to become shareholders in the power giant’s new company, Videberg Kraft AB, which plans to build small modular reactors (SMRs)…
Eni and Petronas to Launch 8 Upstream Projects in Southeast Asia
Eni and Petronas plan to start up as many as eight new projects in Indonesia and Malaysia over the next three years, Eni’s chief executive Claudio Descalzi told Malaysia’s national…
India Races to Replace Russian Oil With U.S., Iraqi, and UAE Crude
Two Indian refiners bought a total of 5 million barrels of crude oil from the United States, Iraq, and the UAE on the spot market as they seek alternatives to…
Outgoing COP President calls for “delivery not debate” at opening of Brazil summit
COP30 has opened in Brazil with calls for “delivery not debate” to accelerate decarbonisation and tackle climate change. Outgoing COP 29 President Mukhtar Babayev made the comments during the opening…
JP Morgan Analysts Examine Global Oil Demand Growth
Year to date through November 4, global oil demand growth is tracking an expansion of 0.85 million barrels per day. That’s what J.P. Morgan analysts said in a report sent…
Trump Weighs Exempting Hungary From Russian Oil Sanctions
President Donald Trump told Hungarian Prime Minister Viktor Orbán on Friday that the U.S. is “looking at” exempting Hungary from sanctions targeting Russian oil a move that chips away at…
India’s Clean Power Push Nears One-Third of Total Generation
Electricity generation from non-hydrocarbon sources in India is moving closer to 33% of the total, the country’s Central Electricity Authority reported, as cited by the Times of India. Over the…
China’s Top Shale Oil Field Hits 20 Million-Ton Milestone
The Changqing shale oil field in Northwestern China has produced a cumulative 20 million tons of crude, Chinese media reported, noting the amount marks the start of a new phase…
Oil Prices Climb as Senate Passes Deal to Reopen Government
In early Asian trade on Monday, crude oil prices were climbing after the United States Senate passed a funding agreement that could end the federal government shutdown. At the time…
Hanwha TotalEnergies begins pilot to turn CO2 into adhesives
Hanwha TotalEnergies has started up a pilot plant to capture carbon dioxide emissions from a naphtha cracking centre in Daesan, South Korea. The company plans to capture CO2 generated from…
