Reliance Snaps Up Kuwaiti Crude as India Shuns Sanctioned Russian Oil
India’s Reliance Industries, the top private refiner in the country, has bought 1 million barrels of crude from Kuwait, trade sources told Reuters on Tuesday, as most Indian refiners halt…
China’s Oil Stockpiling Accelerated in October
China stockpiled crude oil at elevated rates in October, at a daily rate of some 690,000 barrels, up from 570,000 barrels daily in September, Reuters’ Clyde Russell reported today, citing…
LNG Tanker Rates Soar on Booming U.S. Exports
LNG carrier rates for the Atlantic route between the U.S. and Europe have surged close to a two-year high on strong demand for American liquefied gas as Europe fills up…
Canada to fast track Ksi Lisims LNG project under new infrastructure push
Canada Prime Minister Mark Carney has given strong support to the Ksi Lisims floating LNG export project in British Columbia, saying it is one that will “transform Canada’s energy future”.…
Turkey Plans $4B Sukuk in Energy Production Push
Turkey’s state energy company Turkiye Petrolleri AO plans to sell as much as $4 billion in Islamic debt as part of its push to expand oil and gas production, marking…
Egypt Secures Another Western Desert Gas Find
A new gas discovery in Egypt’s Western Desert has added another timely boost to the country’s strained upstream portfolio. The well, identified as Gomana-1, encountered several gas-bearing intervals based on…
Chevron Weighs Potential Purchase of Lukoil Holdings Abroad
Chevron is evaluating a potential bid for Lukoil assets placed under pressure following recent U.S. sanctions, according to an exclusive report from Reuters, adding another major Western operator to the…
Zachry Group wins FEED contract for Lake Charles Methanol II project
US engineering and construction company Zachry Group has been awarded the front-end engineering and design (FEED) contract for the $3.24bn Lake Charles Methanol II in Louisiana. Lake Charles Methanol (LCM),…
CGA warns tariff push could threaten critical gas equipment supply
The Compressed Gas Association (CGA) has warned that the proposed tariff expansion could disrupt supplies of equipment essential to manufacturing medical, industrial, and specialty gases. The concern comes after considerations…
Swedish MOF-based carbon capture pilot to assess biogenic CO2 from forestry
A new Swedish pilot project aims to advance the use of captured biogenic carbon dioxide as a renewable feedstock for industries including food and beverage, water purification, chemical manufacturing, and…
