Lower Oil Prices Drag Down Profits at Chinese Giant CNOOC
CNOOC Ltd, China’s top offshore crude oil and gas producer, on Thursday said its net profit fell by 12.2% from a year earlier in the third quarter, amid a decline…
Global Power Demand to Skyrocket 30% by 2035
The world’s electricity demand is expected to surge by 30% over the next decade as data centers, electric vehicles, and demand for heating and cooling drive increased consumption, a new…
Nigeria Looks to Revive State-Owned Refineries
NNPC, the state-owned Nigerian oil company, is looking to revive the three state refineries in Africa’s top crude producer and plans to select technical equity partners to help resume operations…
U.S. Sanctions Force Lukoil to Divest Global Holdings
Lukoil has agreed to sell its international business to Switzerland-based commodity trader Gunvor, the second-largest Russian oil company said on Thursday, a week after the U.S. slapped sanctions on Russia’s…
MHI and Nippon Shokubai to develop hydrogen supply chain
Leading Japanese firms Mitsubishi Heavy Industries and Nippon Shokubai are to develop a hydrogen supply chain. Together they will assess the use of ammonia as a hydrogen carrier (hydrogen storage…
Electronics up, steel and chemicals down for Nippon Sanso
Industrial gas major Nippon Sanso Holdings says demand in electronics, food and beverage, and healthcare is expected to remain strong into the second half of its financial year 2025, offsetting…
TotalEnergies Q3 Earnings Hold Steady Despite Oil Price Dip
TotalEnergies (NYSE: TTE) reported third-quarter earnings essentially flat from a year earlier, as higher production, strong cash flows, and surging refining margins offset a 10% decline in oil prices. TotalEnergies…
Asian Coal Imports Set for Decline on Higher Prices
Asian energy importers are curbing their appetite for thermal coal as prices rebound after falling to the lowest in four years earlier in 2025. Reuters’ Clyde Russell reported today that…
Indian Oil Corp. Seeks to Replace Russian Oil With American Barrels
Indian Oil Corp. is looking to buy 24 million barrels of crude oil from the Americas in the first quarter of next year to replace lost Russian supply after the…
UK carbon delivery plan lacks industrial support, says trade body
The UK government’s carbon delivery plan is “a high stakes gamble” according to trade body, the Association for Decentralised Energy (ADE). The , unveiled yesterday, offers “no firm commitments ……
