Oil Glut Enabled Tougher Sanctions, JPM Says
In a report sent to Rigzone on Friday by Natasha Kaneva, head of global commodities strategy at J.P. Morgan, analysts at the company, including Kaneva, highlighted that the “oil glut…
Energy and infrastructure business Petrofac enters administration
UK multinational energy services firm Petrofac has entered administration. A statement on its website said the decision follows the impact of European grid operator TenneT’s decision last week to terminate…
IEA Chief Warns of a Buyer’s Revolution in LNG Markets
A “wave” of new liquefied natural gas production capacity set to come on stream this year and in 2026 will transform the global market into one dictated by buyers, the…
India Is Intensifying Its Search for Oil and Gas as Import Pressure Builds
India needs more local discoveries of oil and gas in order to be able to meet future energy demand, the secretary of petroleum and natural gas at the Indian energy…
Singapore to pilot biomethane testing and development
Singapore is stepping up support for biomethane as a low-carbon fuel. Speaking at the start of Singapore International Energy Week, Minister-in-charge of Energy and Science & Technology Tan See Leng…
Oil Prices Rise as U.S.-China Trade Thaw Boosts Demand Optimism
Oil prices edged higher in early Asian trading on Monday, lifted by optimism over a new trade framework between the United States and China that has eased fears of a…
Sanctions Halt Oil Flows to Serbia as Russian-Owned NIS Faces Refinery Shutdown
Russia-owned Naftna Industrija Srbije (NIS) has halted crude processing as U.S. sanctions choke oil flows to Serbia, triggering fears of a fuel shortage ahead of winter. A shipment of roughly…
TotalEnergies Seeks Mozambique Nod for LNG Project Cost Hike
TotalEnergies SE needs Mozambique’s approval for a $4.5 billion increase in cost to its liquefied natural gas project before restarting construction that’s been delayed since 2021 due to security issues.…
Kingspan and Meranti tie-up will deliver greener APAC steel products
Insulation and building firm Kingspan has partnered with Singapore-based Meranti Green Steel to drive industrial adoption across the Asia-Pacific region. Meranti Green Steel’s new plant on Thailand’s east coast is…
Burckhardt Compression grows North American footprint with two new sites
Compression technology company Burckhardt Compression has opened two new service centres in Ontario, Canada, and Pennsylvania, US. The news follows the company’s recent acquisition of Advanced Compressor Technology (ACT), a…
