Oman explores e-methanol supply and bunkering hub
The government of Oman and a group of Spanish energy and investment firms have taken steps to advance development of a low-carbon e-methanol supply and bunkering hub in the Governorate…
Element Solutions to acquire EFC Gases & Advanced Materials
Specialty chemical technology firm Element Solutions has signed a deal to acquire Massachusetts-based high-purity rare gas technologies company EFC Gases & Advanced Materials (EFC). EFC works across the semiconductor manufacturing,…
Ovintiv Makes Second Montney Acquisition in a Year
Ovintiv will take over NuVista Energy, in which it is already a shareholder, in a deal worth $2.7 billion including debt. NuVista operates in the Montney shale play in Canada.…
Oil Prices Drift Lower as Demand Weakness Weighs on Markets
Oil prices slipped modestly in early Asian trading on Wednesday, with the West Texas Intermediate (WTI) down 0.71% to $60.13 and Brent crude trading 0.62% lower at $64.04. The subdued…
API Reports Sizeable Crude Oil Build
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a sizeable build of 6.5 million barrels in the week ending October 31. Crude oil…
Carbon Clean and Samsung E&A partner on carbon capture
UK point-source carbon capture firm Carbon Clean and EPC supplier Samsung E&A have formed an alliance to deliver modular and scalable carbon capture for industries worldwide. The partnership combines Carbon…
Russia in Talks with Turkey to Maintain Gas Flows
Russia and Turkey are in talks to keep up the volumes of gas supplies from Gazprom PJSC as they negotiate the renewal of two major pipeline supply deals, according to…
Wind Power Project Faces Setback in Northern Norway
Norway is rejecting an application for an 800-MW windfarm in its northernmost county Finnmark, citing irreversible impact on the wilderness and the traditional indigenous Sami culture. NVE, the Norwegian Water…
Libya Announces New Onshore Oil Discovery
Libya’s National Oil Corporation (NOC) said on Tuesday its wholly-owned subsidiary Arabian Gulf Oil Company (ACOGO) has made a new oil discovery in the Ghadames basin in northwestern Libya, close…
Japan’s J-Power to Close Coal Plants by 2028
Japanese power company J-Power has announced plans to close two units at a thermal coal power plant by the end of fiscal 2028 as part of its commitment to reduce…
