Baker Hughes wins turbines contract for Commonwealth LNG
Energy technology firm Baker Hughes has won a contract to supply Commonwealth LNG, a 9.5 million tonnes a year liquefied natural gas export project on the Calcasieu Ship Channel near…
Saudi Arabia and India Top the List of Russia’s Fuel Oil Buyers
Russia’s fuel oil shipments went mostly to Saudi Arabia and India in July as Asia and the Middle East remain the key outlets for Moscow’s fuel oil and vacuum gasoil…
PetroChina Bulks Up Gas Storage as Oil Profits Slide
PetroChina has agreed to buy three natural gas storage facilities from its state-owned parent CNPC for ¥40 billion (US$5.59 billion), adding nearly 11 billion cubic meters of working capacity to…
India Considers Costly Gas Power as Summer Back-Up
India is dusting off its idle gas-fired power plants, not because they’re suddenly cheap, but because peak demand in the blistering months of May and June may leave the grid…
PetroChina Profit Falls as Oil Prices and Fuel Demand Dip
PetroChina, the largest oil and gas producer in China, reported on Tuesday a 5.4% decline in first-half profit as oil prices fell from a year earlier and domestic fuel demand…
UAE Ban on Sudan Cargoes Reroutes Global Crude Flows
Crude oil trade has started to see the effect of a recent ban by the United Arab Emirates (UAE) on cargoes originating from Sudan, after the two countries severed ties…
India’s Top Oil Producer to Set Up Crude and Fuel Trading Unit
India’s state-owned Oil and Natural Gas Corporation Limited (ONGC), the biggest oil and gas producer in the country, plans to launch a trading unit for crude and refined petroleum products…
Japan’s Power Mix Shifts Away From Fossil Fuels
The share of fossil fuels in Japan’s power supply slumped to the lowest on record in the first half of 2025, as nuclear and solar electricity generation is growing. Resource-poor…
U.S.-Russia Energy Deals Discussed in Meetings on Ukraine Peace
Senior U.S. and Russian officials discussed bilateral energy deals on the sidelines of the talks on reaching a peace agreement in Ukraine earlier in August, sources with knowledge of the…
India Set to Trim Russian Oil Imports Amid U.S. Tariff Pressure
India’s state-controlled and private refiners are expected to trim their near-term purchases of Russian oil as the U.S. is set to double tariffs on Indian goods to 50% as of…
