Direct Relief completes medical oxygen projects in Libya and Colombia
Humanitarian charity Direct Relief has updated on its investments in a wide range of health interventions, from repairing oxygen plants to supplying oxygen concentrators and distributing pulse oximeters. Since the…
European Asset Manager Sells All Its Exxon Shares Over Climate Goals
A $570-billion German asset manager has sold all its shares in ExxonMobil as it has found the U.S. supermajor doesn’t have strong enough climate targets, a senior executive told the…
UK Industry Body Flags Exorbitant Energy Costs
Make UK, a manufacturing industry body, has warned that sky-high energy costs for industrial consumers are compromising the country’s future in manufacturing. The UK has the highest energy costs in…
Goldman Expects OPEC+ Output Hikes to End in August
Goldman Sachs expects OPEC+ to make its final production hike in August at the now standard level of 411,000 barrels daily. “Relatively tight spot oil fundamentals, beats in hard global…
Indian Oil puts a cost to green hydrogen plant at northwest India refinery
The Indian Oil Corporation has finalised the cost estimate for its planned green hydrogen production plant at its Panipat Refinery and Petrochemical Complex in northwestern India. The plant is slated…
Gas tech firm MSA Safety makes $200m acquisition
Global safety equipment and solutions provider MSA Safety has acquired German gas analysis technology company M&C TechGroup in a deal worth approximately $200m. The acquisition, completed on 7 May, is…
Hazer Group to advance hydrogen methane pyrolysis project in Japan
Australia’s Hazer Group is to develop a clean hydrogen and graphite project in Nagoya, Japan, using methane pyrolysis. Integrating with Chubu Electric’s LNG supply chain and infrastructure and Japanese utility…
OPEC+ Countries to ‘Implement Production Adjustment’ of 411K Bpd in July
A statement posted on OPEC’s website on Saturday announced that Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman “will implement a production adjustment of 411,000 barrels per day”…
EIA Paints Bearish Picture for Oil Market With Record Supply, Low Demand
U.S. crude oil production surged to an all-time high in March, reaching 13.488 million barrels per day, according to newly released monthly EIA data. That edges out the previous monthly…
EOG Drops $5.6B on Big Bet on the Utica
EOG Resources is making a bold northeast push, announcing Friday it will acquire privately held Encino Acquisition Partners for $5.6 billion, including debt. The move positions EOG as a dominant…
Iran Closes Strait of Hormuz Again and Says its Negotiating Team With U.S. is Heading to Switzerland
