Shell, INEOS Energy Discover Oil In The Gulf of America
Shell and INEOS Energy have struck oil at a deepwater exploration well in the U.S. Gulf of Mexico, confirming a new discovery in the high-pressure Norphlet formation. Shell and INEOS…
Glencore Acquires Majority Stake In Dutch Fuel Supplier
Global commodities trader Glencore has acquired a majority stake in Dutch fuel supplier FincoEnergies, the Dutch company revealed on Monday, with industry sources noting that the trader intends to use…
Harbour to Acquire LLOG for $3.2B
Harbour Energy Plc agreed to acquire LLOG Exploration Co. for $3.2 billion, marking the UK company’s entry into the deepwater US Gulf of Mexico. The transaction comprises $2.7 billion in…
Big stories of 2025: South Africa’s multimillion-dollar oxygen plant tender fraud
2025 has been an eventful year for South Africa’s medical oxygen sector. Following the collapse of the previous national oxygen plant tender – a process dogged by allegations of fraud,…
Best of 2025: South Africa’s multimillion-dollar oxygen plant tender fraud
2025 has been an eventful year for South Africa’s medical oxygen sector. Following the collapse of the previous national oxygen plant tender – a process dogged by allegations of fraud,…
Oil Prices Surge 2% on Venezuela, Russia Disruption Fears
Oil prices jumped in early Monday trading after the U.S. intercepted a third oil tanker off the coast of Venezuela. U.S. President Donald Trump has announced a “total and complete”…
Russia and China Unfazed by Sanctions in Booming LNG Trade
An LNG tanker has loaded fuel from a sanctioned Russian export project on the Baltic Sea, vessel-tracking data showed on Monday, as Russia and China are boosting their mutually beneficial…
U.S. Pauses Offshore Wind Leases over National Security Concerns
The U.S. Department of the Interior is pausing leases for five offshore wind projects, due to national security concerns, Secretary of the Interior, Doug Burgum, said on Monday. Due to…
Russia’s Pipeline Gas Exports to China Set for 25% Surge in 2025
Russia is expected to deliver 25% higher volumes of natural gas via pipeline to China this year, compared to 2024, an anonymous source with knowledge of the flows told Reuters…
China Condemns U.S. Seizing Venezuela Oil Tankers
China on Monday slammed the intensifying U.S. pressure on Venezuela and the seizure of Venezuela-linked oil tankers, saying that the unilateral U.S. moves violate international law. “The US practice of…
