Germany Investigates Alleged Gas Market Manipulation
Germany’s federal network agency is investigating a potential manipulation on the domestic natural gas market with costs incurred for conversion of one type of natural gas to another, the regulator…
More research urged before scaling ocean carbon capture as UK trial abandoned
Scientists from the University of Exeter and Plymouth Marine Laboratory in the UK are urging caution over large-scale deployment of ocean carbon removal technologies, noting that major gaps remain in…
More research urged before scaling ocean carbon capture as UK trial abandoned
Scientists from the University of Exeter and Plymouth Marine Laboratory in the UK are urging caution over large-scale deployment of ocean carbon removal technologies, noting that major gaps remain in…
ExxonMobil Boosts Guyana Oil Production to New Heights
Guyana’s oil producing capacity has just jumped to 900,000 barrels per day (bpd) after ExxonMobil launched production from Yellowtail, the fourth oil development in Guyana’s prolific offshore Stabroek block. Exxon…
Saudi Crude Shipments to China Poised to Fall in September
Saudi Arabia will ship lower volumes of its crude to China next month, down from a two-year-high this month, after the Kingdom raised its September prices to Asia for a…
Ørsted Seeks $9.4 Billion Lifeline Amid Market Turmoil
The world’s biggest offshore wind project developer, Orsted, plans a $9.4 billion (60 billion Danish crowns) rights issue to raise capital from existing shareholders as challenges for the industry continue…
Grimaldi Group receives first ammonia ready ship
Global vehicle shipping line Grimaldi Group has received the Grande Shanghai, its first ammonia ready vessel. The first of 10 next-generation pure car and truck carrier vessels was commissioned by…
CATL Suspends Major Lithium Mine Operation
CATL, the world’s largest maker of lithium-ion batteries for electric cars, has suspended operations at one of the biggest lithium mines in the country, sparking a price jump for lithium…
Scotland’s Wind Turbines Are Being Paid to Stand Still 37% of the Time
Operators of wind turbines in Scotland were paid to switch their turbines off 37% of the time over the first half of the year, the Financial Times has reported, an…
Oil Prices Begin the Week Lower as Trump-Putin Meeting Looms
Crude oil prices extended their losing streak from last month, opening lower today on expectations that the Friday meeting between the presidents of Russia and the United States would yield…
