UK Regulator Investigates Drax Over Biomass Claims
The UK’s financial watchdog has opened an investigation into Drax Group’s biomass sourcing statements of the past three years, the British energy group operating a controversial wood pellet power plant…
USA-Sanctioned Russian LNG Lands in China for 1st Time
A tanker with a shipment of liquefied natural gas from a US-sanctioned export facility in Russia has docked at a Chinese terminal for the first time, the latest move by…
UK financial watchdog to investigate Drax biomass sourcing
The UK’s Financial Conduct Authority (FCA) is to investigate Drax over its biomass sourcing, listing rules and disclosure guidance. In a short statement, the FCA said the period under investigation…
Australia green iron project makes electrolysers pick
Australia’s Progressive Green Solutions (PGS) has selected Thyssenkrupp Nucera as its preferred supplier of electrolysers for the production of green hydrogen at the company’s Mid-West Green Iron project. This project…
Germany backs CCS bill to unlock projects
Leading industrial and chemical firms in Germany have given a cautious welcome to the federal government’s draft bill enabling commercial carbon capture and storage, while also highlighting concerns about implementation…
Saudi Arabia’s Oil Export Value Slumped by 16% in Q2 as Prices Sagged
The value of Saudi Arabia’s oil exports plunged by 15.8% in the second quarter of 2025, despite the fact that the world’s top crude oil exporter returned to boosting production…
Trans Mountain Seeks Takers for Additional Capacity
Trans Mountain Corp. is planning to invite oil producers to sign up for more capacity on its recently expanded pipeline, boosting said capacity by some 70,000 barrels daily with the…
Petrobras Moves Closer to Amazon Oil Production
Brazil’s Petrobras has completed an emergency drill in the Foz do Amazonas basin that will be followed by an official license to begin exploration drilling in the area, which has…
German Gas Traders Turn to Canadian LNG for Swap Deals
German energy traders have developed an interest in Canadian liquefied natural gas to boost supply via swap deals, Canada’s natural resources minister said this week. According to Tim Hodgson, as…
Summer Trading Remains Seasonally Thin, Analysts Say
Summer trading remains seasonally thin, and attention has been drawn away from fundamentals towards broader macroeconomic news. That’s what analysts at Standard Chartered Bank said under an “energy” segment in…
