S&P Global Warns Brent Could Fall to $55 as OPEC+ Floods Market
S&P Global expects Brent crude prices to drop to $55 per barrel by the end of the year as a result of supply growth resulting from OPEC+’s decision to reverse…
Ørsted Secures $9.4 Billion to Navigate U.S. Offshore Wind Crisis
Danish offshore wind developer Ørsted won shareholder approval Friday for a $9.4-billion emergency rights issue, shoring up its balance sheet as U.S. projects face mounting political and operational setbacks. The…
Ukraine Drones Hit One of Russia’s Biggest Refineries
Ukraine attacked with drones Rosneft’s Ryazan refinery in Russia, again, the commander of Ukraine’s drone forces, Robert Brovdi, said on Friday, as eyewitnesses reported explosions, a fire, and thick smoke…
India Vows to Keep Buying Russian Crude Oil
India will continue buying crude from Russia as it looks to cater to its interests, Indian Finance Minister Nirmala Sitharaman said on Friday, amid U.S. pressure over India’s Russian crude…
Carbon capture pilot switched on at Finland pulp mill
A new carbon capture pilot plant has come online at a pulp mill in Rauma, Finland, owned and operated by Finnish forest industry company Metsä Group. The plant, which was…
SIAD Americas expands footprint with new Texas office
SIAD Americas, a wholly owned subsidiary of SIAD Macchine Impianti (SIAD MI), has opened a new US office in The Woodlands, Texas. The milestone represents a further development in SIAD’s…
Norway’s Capsol to evaluate BECCS for Europe CHP plant
Norway’s carbon capture business Capsol Technologies has been selected by an undisclosed firm to deliver a feasibility study for evaluating its CapsolEoP technology at a biomass fired combined heat-and-power plant…
OPEC+ Opts for 137K Bpd Production Adjustment
A statement posted on OPEC’s website on Sunday revealed that Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman “decided to implement a production adjustment of 137,000 barrels…
Gastech 2025 shines spotlight on gas investment, AI and LNG
Gastech 2025 will open its doors at Fiera Milano in Milan, Italty tomorrow [9–12 September], against a backdrop of rapid geopolitical and technological changes and growing global energy demand. Up…
Poland to Extend Electricity Price Cap Through the End of 2025
Poland will look to extend the current cap on power prices through the end of the year, Energy Minister Milosz Motyka said on Friday, removing a key uncertainty about Poland’s…
