ADBA trumpets biomethane as ‘dispatchable and affordable’
The two key benefits of biogas and biomethane are its ability to be dispatched quickly and carbon capture affordability, according to Chris Huhne, the chair of the UK trade body…
US sets August deadline in latest tariff move
The US has set 1 August as a new deadline for countries to reach trade agreements in order to avoid a return to 2 April tariff levels. President Donald Trump’s…
Oil Climbs 2% as Houthi Rebels Hit Second Greek Vessel in Red Sea
A Greek-operated bulk carrier was attacked in the Red Sea on Monday in the second Houthi strike on commercial shipping in less than 24 hours, stoking fears of a renewed…
Iraq Lifts Oil Output by 80,000 bpd Across Three Key Fields
Iraq’s Dhi Qar Oil Company has raised oil production by a combined 80,000 barrels per day across three strategic southern fields, Nasiriyah, Gharraf, and Saba, IraqiNews reported on Monday, marking…
Cyprus Confirms 350-Meter Gas Column in ExxonMobil’s Pegasus-1 Well
The government of Cyprus has confirmed a new natural gas discovery in the Pegasus-1 well located in Block 10, operated by ExxonMobil and its partner QatarEnergy. The well intersected approximately…
bp, Libya’s NOC to explore oilfield redevelopment, unconventional potential
bp has signed a Memorandum of Understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate redevelopment opportunities in the mature giant Sarir and Messla oilfields in Libya’s Sirte…
Gabon’s oil & gas minister pushes drive to develop deepwater assets
Sosthène Nguema Nguema, Minister of Oil & Gas of Gabon, has joined the African Energy Week (AEW): Invest in African Energies conference. Minister Nguema’s participation reflects the country’s drive to…
UK Fund Invests Millions in Carbon Capture Project
A government -backed fund is pledging more than £2 for a carbon capture project. Energy secretary Ed Miliband has said that workers in “Britain’s manufacturing heartlands” will benefit from the…
U.S. Energy Giants Set to Sign $34 Billion Worth of Deals With Indonesia
U.S. supermajors ExxonMobil and Chevron, Indonesia’s state energy firm Pertamina, and other companies from the two countries are expected to sign later on Monday a memorandum of understanding for commodity…
China’s Refiners Face a Major Jet Fuel Glut
The bad news for China’s refiners doesn’t seem to end—faced with weaker road transportation fuel demand, plants have churned more jet fuel to meet growing aviation demand. But the pivot…
