Middle East Crude Prices Sink to Two-Month Low Against Brent
Key crude prices in the Middle East have dropped to their weakest level against the Brent benchmark in two months, signaling oversupplied markets as output from both the Middle East…
Europe Reconsiders Its 2035 Ban on Gasoline Cars
The European Union is backtracking on its plan to prohibit the sale of new combustion-engine passenger cars after 2035, as the de facto ban came under fire from major carmakers…
Strategists Say Oil’s Fermi Paradox Nearing an End
In an oil and gas report sent to Rigzone recently by the Macquarie team, Macquarie strategists, including Vikas Dwivedi, noted that oil’s “Fermi Paradox [is] nearing an end”, adding that…
Technip Energies secures contract for Thailand CCS project
Engineering and technology company Technip Energies has been awarded an engineering contract for the PTTEP Arthit carbon capture and storage project that is planned for Thailand. The scope of the…
Technip Energies secures contract for Thailand CCS project
Engineering and technology company Technip Energies has been awarded an engineering contract for the PTTEP Arthit carbon capture and storage project that is planned for Thailand. The scope of the…
Burckhardt Compression appoints Jacques Sanche as Chair of the Board
Compression technology firm Burckhardt Compression (Burckhardt) has appointed Jacques Sanche as Chair of the Board of Directors. He will replace Chair Ton Büchner, who has served since 2020. Sanche, who…
Refinery Runs Rise Sharply in China Despite Seasonal Maintenance
Chinese refiners processed 39% more crude oil last month, with the total at 60.83 million tons, or 14.86 million barrels daily, official data cited by Reuters showed. The November daily…
Arctic Ice Halts LNG Ship at Novatek’s Sanctioned Arctic Project
Advancing ice has prevented an LNG carrier from loading a cargo at Novatek’s Arctic LNG 2 plant, Bloomberg reported today, citing ship-tracking data. The Buran, an Arc4 ice-class vessel that…
China’s Coal and Gas Power Faces Its First Annual Decline in a Decade
Coal- and gas-fired power generation in China is on course for an annual decline for the first time since 2015, unless demand surges this month. Over the first 11 months…
Mantel begins FEED study for Canadian carbon capture project
Carbon capture technology company Mantel Capture has started the front-end engineering design (FEED) study for a commercial-scale carbon capture project with a Canadian oil and gas producer. Using Mantel’s molten…
