Chinese Oil Giant Launches World-First 16MW Floating Wind Turbine
State-owned China National Offshore Oil Corporation (CNOOC) on Thursday announced the start of operations of the world’s first 16-megawatt tension-leg platform (TLP) floating wind power platform, which began supplying power…
India approves $2.5bn for biogas development
By 5 min ago 2 min read India’s cabinet has approved Rs23,731 crore ($2.5bn) funding to progress biogas development. The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has…
India approves $2.5bn for biogas development
By 1 day ago 2 min read India’s cabinet has approved Rs23,731 crore ($2.5bn) funding to progress biogas development. The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has…
LNG margins and volumes spur Cheniere to $3bn Q2 profit
By 36 min ago 2 min read Cheniere Energy recorded $3.07bn net income in Q2, up $1.44bn year-on-year. The results, fuelled by higher margins and volumes on delivered LNG, marked…
Angola Confirms New Offshore Oil and Gas Reserves With Katambi-2 Well
Angola’s state-owned oil firm Sonangol and its partner in an exploration block offshore Angola, ANPG, successfully drilled an appraisal well that showed good reservoir potential for both oil and gas…
Gulf Shipping Grinds to a Halt Following Houthi Missile Claim
Vessel traffic at the Strait of Hormuz and the Bab el-Mandeb Strait crumbled on Wednesday from the previous day amid a Houthi claim they have hit a Saudi oil tanker…
Indian Refiners Continue West Africa Crude Buying Spree
India’s state-run refiners continue their buying spree of crude from West Africa as the Middle East crisis has sapped supply and made deliveries uncertain. In one of the latest purchases…
Nigeria Eyes $50 Billion From 22 Offshore Oil and Gas Projects
Nigeria expects to attract investments worth between $30 billion and $50 billion from 22 offshore oil and gas projects over the nest five years, the country’s Upstream Petroleum Regulatory Commission…
Europe’s Gas Storage Hits Lowest Level Since 2011 as Winter Looms
Europe faces spiking natural gas prices this winter amid the lowest gas storage levels in more than a decade and tightening LNG markets amid the Middle East crisis. EU storage…
How the UAE Has Kept Its Oil Flowing Through Hormuz
The United Arab Emirates has managed to boost its oil exports to pre-crisis levels as early as June, as it has kept pushing crude through the Strait of Hormuz and…
