Trump’s Trade Policies Drive Decline in Asian Imports of U.S. Energy
Falling U.S. energy sales in China and India failed to offset increases elsewhere in Asia as the Trump Administration’s trade policies have upended Asia’s energy imports. While Japan and South…
China’s Gasoline Exports Plummeted 51.7% in November
China’s exports of refined petroleum products last month booked a 2.2% decline on the year to 5.12 million tons, which was an increase on October, by 13.3%. Exports of refined…
Vår Energi Commits $15 Billion to New Norway Offshore Projects
Vår Energi plans to invest around $15 billion in a score of new tieback projects offshore Norway, aiming to keep its oil and gas production at over 350,000 barrels per…
Japanese Company Buys U.S. Shale Assets for $1.3 Billion
Japan’s JAPEX has struck a deal to buy shale oil and gas asset owner Verdad Resources Intermediate Holdings for $1.3 billion, Reuters has reported, adding the company will finance the…
Chlor-alkali firm starts California plant expansion to market by-product hydrogen
US-based K2 Pure Solutions has started expanding its Californian chlor-alkali site with plans to sell by-product hydrogen in the state. The company said its existing plant in Pittsburg would be…
EIA Sees 2.2 Million Barrel Per Day Glut in 2025
World petroleum and other liquid fuels production will outweigh consumption by 2.24 million barrels per day in 2025. That’s according to the U.S. Energy Information Administration’s (EIA) latest short term…
Venezuela May Have to Start Shutting Oil Wells Soon
Venezuela may be forced to start shutting in oil production as it runs out of storage space amid the U.S. tanker blockade, Bloomberg has reported, citing unnamed sources. According to…
EIA: Brazil, Guyana, Argentina Driving 2026 Oil Output Growth
Brazil, Guyana, and Argentina are set to be major drivers of non-OPEC oil supply growth in 2026, accounting for half of the expected 0.8 million barrels per day (b/d) increase…
Flowserve buys Greenray Turbine Solutions for $72m
Industrial machinery supplier Flowserve has strengthened its profile in the industrial gas turbines sector after buying UK-based Greenray Turbine Solutions for $72m. Flowserve forecasts that the acquisition will add around…
MidOcean completes LNG Canada stake acquisition
Liquefied natural gas business MidOcean Energy has completed its acquisition of a 20% stake in the partnership that holds Petronas’ 25% interest in the LNG Canada Project. The deal includes…
