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…
Chevron to Cut Positions as Part of Hess Integration
Chevron will “consolidate or eliminate some positions” as part of its integration with Hess Corporation, a Chevron spokesperson told Rigzone. “Chevron completed the merger with Hess Corporation on July 18,”…
Polish mines operator to research methane-into-hydrogen potential
Poland coal mines operator Jastrzębska Spółka Węglowa (JSW) has launched a research and development project to investigate converting waste methane into hydrogen. JSW is contributing €20m to the €25.6m EU-supported…
China’s Envision delivers green ammonia bunkering first
China’s Envision Energy reports that green ammonia fuel produced from its has successfully powered the first green marine ammonia bunkering operation. The milestone took place at Cosco Shipping Heavy Industry’s…
