WTI and Brent Plunge Over 2% on Report of Saudi Push for More Oil Production
Crude oil prices are continuing their slide, on course to end the week with a loss that reversed two weeks of gains. The downturn, which began on Wednesday and extended…
Dangote Refinery’s Gasoline Production Halt May Stretch Into November
Nigeria’s 650,000 bpd Dangote Refinery faces a prolonged gasoline outage after reports that repairs to its catalytic cracking unit could take two to three months, far longer than the earlier…
Orsted, Skyborn Sue U.S. Over Halt to 704-MW Revolution Wind
Offshore wind developer Ørsted and joint-venture partner Skyborn Renewables filed suit in Washington, D.C., on Thursday, challenging the Interior Department’s stop-work order that froze construction on the 704-MW Revolution Wind…
Quantum investment boom should unlock chance in cryocooling and more
Rising valuations in quantum computing businesses could spell good news for firms working across their supply chain, including specialty gas suppliers and quantum cooling specialists. Quantinuum, a UK–US firm whose…
Biogas body sets out six criteria to integrate green gas
The European Biogas Association (EBA) has published six key recommendations to “let green gas count,” boost environmental integrity and prevent double counting. The six principles cover unique claims, tracking and…
Jellyfish Force another French Nuclear Reactor to Shut Down
For a second time in three weeks, a swarm of jellyfish has forced the closure of a nuclear reactor in France in another curious incident in which jellyfish entered the…
Shell Mulls Selling Stake in Aussie LNG Plant
Shell Plc is exploring the sale of its interest in the A$34 billion ($22 billion) North West Shelf liquefied natural gas export plant in Western Australia, according to people with…
CNOOC Starts Up Another Oil Project in South China Sea
CNOOC Limited has launched oil production at the Wenchang 16-2 Oilfield Development Project in the northern part of the South China Sea, China’s top offshore oil and gas producer said…
China Tackles Price Wars as Bloated Solar Sector Amasses Huge Losses
China has launched in earnest the drive to curb excess capacity in the solar manufacturing sector, which has doomed many companies to price wars and deepening losses. The combined losses…
Russia’s Rosneft Signs Deal to Supply More Crude Oil to China
Russia’s top oil producer, state-controlled Rosneft, has signed a deal to supply additional pipeline volumes of crude to China via Kazakhstan during Vladimir Putin’s visit to Beijing earlier this week,…
