Gevo sells first carbon credits from North Dakota CO2 storage site
Renewable chemicals company Gevo has sold its first carbon removal credits to a global financial and technology company. The carbon credits – known as CO2 removal certificates, or CORCs –…
Beacon Offshore Kicks Off Shenandoah Production
Beacon Offshore Energy has officially started oil and gas production at its long-awaited Shenandoah field in the U.S. Gulf of Mexico, the company confirmed Friday—marking a major milestone not just…
BLM Opens New Oil Lease Sale in Eastern U.S.
The Bureau of Land Management is preparing to auction off oil and gas leases in Louisiana, Michigan, and Mississippi this September—marking yet another step in the Trump administration’s accelerated push…
PetroChina Greenlights $9.6 Billion Refinery in Dalian Revamp
PetroChina has quietly approved a multi-billion-dollar refinery and petrochemical complex in northeast China’s Dalian, marking a strategic shift amid declining fuel demand and growing petrochemical appetite. The final investment decision…
U.S. Refiners Rethink Crude Sourcing After Chevron Gets Venezuela Green Light
U.S. refiners are reassessing Latin American crude sourcing strategies after President Donald Trump’s administration granted Chevron the authority to resume and expand operations in Venezuela, signaling a shift in sanctions…
Shell Greenlights Egyptian Gas Project to Bolster Domestic Supply
Shell has taken a final investment decision (FID) on the development of the Mina West offshore gas field in Egypt’s Mediterranean waters, a move aimed at alleviating the country’s widening…
Nayara Energy CEO Steps Down As EU Sanctions Sting
The chief executive of Nayara Energy, Alessandro des Dorides, has resigned abruptly amid mounting fallout from newly imposed European Union sanctions targeting the Rosneft-linked Indian refiner, according to an exclusive…
Amazon Scraps New Irish AI Facility Amid Power Grid Shortfall
Amazon Web Services has cancelled plans for a €300-million server rack manufacturing plant in Dublin’s Ballycoolin industrial zone, citing an inability to secure timely electricity access from Ireland’s grid operator,…
Russia Opens Antitrust Case Against Gazprom Over Withheld Gasoline Sales
Russia’s Federal Anti-Monopoly Service (FAS) has launched a formal case against a Gazprom subsidiary for sharply reducing gasoline sales on the country’s main energy exchange, as the Kremlin weighs curbs…
Eni Posts 25% Drop in Second-Quarter Profit
Italy’s Eni reported 25% lower profit for the second quarter of the year amid lower oil prices and a 2.6% decline in oil and gas production. The adjusted net result…
