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,…
Helium Evolution Canada facility in final construction phase
Canada-based helium exploration firm Helium Evolution Incorporated (HEVI) says its Soda Lake processing facility is in its final stages of construction. A joint project with North American Helium Incorporated, the…
Usable CO2 storage capacity ten times lower than previously thought
The planet’s capacity to store carbon dioxide underground safely is significantly lower than previously estimated, according to a study published in Nature. Researchers at the International Institute for Applied Systems…
Secret Talks Hint at Exxon’s Re-Entry into Russian Oil
A potential return of U.S. supermajor ExxonMobil to Russian operations would be beneficial for the region of Sakhalin in Russia’s Far East and help Russia’s energy sector, Sakhalin’s governor Valery…
Lloyd’s Reverses Stance on Fossil Fuel Insurance
In a reversal of previous pledges, the historic Lloyd’s of London institution will not stop insurers from covering fossil fuels, including coal. Patrick Tiernan, who took over as chief executive…
Alberta Boasts Record-High Oil Production
Crude oil production in Alberta, Canada’s main oil-producing province, hit a record high in July as companies are boosting productivity and output as the expanded Trans Mountain pipeline expanded access…
EQT and NextDecade Strike 20-Year LNG Supply Deal
EQT has sealed a purchase deal for 1.5 million tons of liquefied natural gas from NextDecade’s Rio Grande facility, for a period of 20 years. The deal is part of…
Exxon Looks Into European Asset Sale
Exxon is considering the sale of chemical production facilities in Europe, after the European Union sealed a controversial tariff deal with President Trump that will increase the burden on businesses…
USA Hits New Crude Oil Production Record
The U.S. hit a new crude oil production record recently, a data page on the U.S. Energy Information Administration (EIA) website showed. The data page – which displays monthly U.S.…
