Ukraine Strikes Deep Into Russia as Energy War Escalates
Ukraine launched fresh drone attacks on Russian energy assets Thursday, hitting two refineries including Gazprom’s giant Neftekhim Salavat complex in Bashkortostan, more than 1,300 kilometers from Ukrainian-held territory. The strikes…
Ecopetrol targets Brazil’s onshore oil and gas, eyes Petrobras Bahia Terra cluster
(Bloomberg) – Colombian oil producer Ecopetrol SA is pursuing oil and gas deals in Brazil that could include a cluster of onshore Petrobras fields in the northeastern state of Bahia. …
ExxonMobil CEO Slams EU Climate Rules
The penalties proposed in the European Union’s climate and social responsibility legislation would be bone-crushing to any company, ExxonMobil’s chief executive Darren Woods told Bloomberg. The EU’s planned Corporate Sustainability…
EIA Sees Output Outpacing Demand in 2025, 2026
World petroleum and other liquid fuels production will come in higher than consumption in 2025 and 2026, according to the U.S. Energy Information Administration’s (EIA) latest short term energy outlook…
Integrated green hydrogen plant opens in Namibia
Namibia-based Cleanergy Solutions has launched what is claimed to be the first integrated green hydrogen plant in Africa, with the official opening of its Walvis Bay facility. The site brings…
Integrated green hydrogen plant opens in Namibia
Namibia-based Cleanergy Solutions has launched what is claimed to be the first integrated green hydrogen plant in Africa, with the official opening of its Walvis Bay facility. The site brings…
Oil Tanker Rates Soar to Nearly Three-Year High
The rates for chartering supertankers have surged to a nearly three-year high this month as more crude is moving out of the Middle East and the U.S. to Asia, Reuters…
Geopolitical Friction Leads SAIC Motor to Reconsider India JV
SAIC Motor, one of China’s biggest state-controlled auto manufacturers, looks to significantly reduce its current 49% stake in its Indian joint venture with India’s JSW Group, Reuters reported on Thursday,…
Gazprom Neft Sees Oil Demand in Asia Growing in the Autumn
Asia’s oil demand is growing in the autumn, too, whereas major importers like China keep stockpiling crude, so OPEC+ was right to continue boosting supply, Alexander Dyukov, chief executive at…
Samsung secures $250m grant for semiconductor fab in Texas
Samsung Austin Semiconductor, a Texas-based Samsung subsidiary, is to receive a $250m grant to support the development of a $4.73bn semiconductor fabrication facility in Taylor. The grant comes from the…
