Kazakhstan to Raise Crude Oil Supply to Germany in 2026
Kazakhstan will boost its crude oil exports to Germany next year after Kazakh national oil and gas company KazMunayGas extended a supply deal with Rosneft Deutschland, which has been under…
Shell’s Q3 Profit Soars on Strong Trading and Production
Strong gas trading, higher upstream production and liquefaction volumes, and increased refining margins are expected to boost Shell’s third-quarter earnings, the supermajor said in a trading update on Tuesday. Shell…
Coffee waste and plastic transformed into carbon capture material
Scientists from the University of Sharjah in the UAE have developed a newly patented technology that turns waste coffee grounds and plastic into carbon capture material. The method combines the…
Coffee waste and plastic transformed into carbon capture material
Scientists from the University of Sharjah in the UAE have developed a newly patented technology that turns waste coffee grounds and plastic into carbon capture material. The method combines plastic…
Ineos warns of CO2 offshoring as Chinese imports hit UK chemicals
Global chemical company Ineos has urged the UK Government to act on carbon-intensive imports after cutting 60 jobs at its Hull acetyls plant. The company blamed high energy costs and…
China to Build 11 New Oil Storage Sites in 2 Years
China is building new oil storage sites as it stockpiles crude while it is cheap. This year and next will see a total of 11 new storage sites built across…
Ørsted Raises $9.3 Billion in Discounted Share Sale Backed by Danish State
Ørsted has completed its widely publicized rights issue at a heavily discounted price, raising the target amount of 59.56 billion crowns, equal to some $9.35 billion. According to the company,…
The Dangote Refinery Strike Cost Nigeria 600,000 Barrels of Oil Output
A three-day national strike prompted by layoffs at the Dangote refinery has led to production losses of 600,000 barrels, the chief executive of the Nigerian National Petroleum Company has said.…
High Interest Rates Could Turn Next Oil Glut Into a Crisis
Bloomberg’s Javier Blas warned on Monday that the next oil glut will be harder and costlier to finance than any in recent memory, describing a “cartoonish” surplus forming as new…
BMI Believes OPEC+ Will Remain Responsive to Price Shifts
In a BMI report sent to Rigzone by the Fitch Group recently, BMI analysts said they believe OPEC+ “will remain responsive to shifts in the oil price”. “The group is…
