BP and JERA Abandon U.S. Offshore Wind Project Amid Policy Shift
A joint venture between BP and Japan’s JERA has decided to pull the plug on a major offshore wind project in the United States, citing soaring costs and a change……
U.S. Auto Supplier Shuts Plant on Lower EV Demand
An auto supplier that manufactures electrified propulsion systems, among others, has closed a factory in Detroit because of the drop in demand for electric vehicles. In a statement cited…
Halliburton CEO ‘Pleased’ with Q3 Performance
In Halliburton’s third quarter results statement, which was posted on the company’s site on Tuesday, Halliburton Chairman, President, and CEO Jeff Miller said he is “pleased” with Halliburton’s third quarter…
Dutch port plans to convert LNG carrier into import terminal
Netherlands LNG operator EemsEnergyTerminal and Belgian shipping group Exmar are planning to convert a large LNG carrier into a floating storage and regasification (FSRU) import terminal at Eemshaven. The proposal…
API Surprise: Crude Oil, Gasoline Inventories Fall
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 2.980 million barrels in the week ending October 17, when analysts had expected a…
U.S. Buys a Token Barrel to Refill the Strategic Reserve
The Trump administration is dipping its toe—barely—into refilling the U.S. Strategic Petroleum Reserve (SPR), announcing plans to purchase one million barrels of crude for delivery in December and January. The…
Alliance formed to advance UK low-carbon ammonia industry
A newly formed UK-based alliance aims to accelerate growth in the UK’s ammonia industry and drive adoption of low-carbon ammonia and ammonia technology. The UK Ammonia Alliance (UKAA) is a…
Egypt Seeks to Free Up Gas for Export
Egypt is embarking on a plan to buy more oil products for power generation as the cash-strapped North African nation frees up gas for LNG exports, as part of efforts…
