U.S. Resists EU Push to Lower Russian Oil Price Cap
Turns out Washington isn’t buying what Brussels is selling—at least not yet. While the EU is lobbying to lower the G7’s $60-per-barrel price cap on Russian crude to $50 (with…
China’s Oil Demand to Peak Within 5 Years as India’s Continues to Climb
China’s decades-long reign as the world’s top oil demand driver is nearing its end, according to new research published by Moody’s Investors Service demonstrating that China’s crude demand is expected…
Video | DAC: “We need to start deploying and reducing costs now”
Blair McMaster, Senior Consultant Carbon Capture at DNV, discusses direct air capture and the role that carbon removal will play in meeting global emissions targets on gasworld’s CO2: Securing Supplies…
Honeywell agrees to buy Johnson Matthey’s catalysts business for $2.4bn
US industrial tech firm Honeywell has agreed to acquire UK chemicals-and-tech business Johnson Matthey’s Catalyst Technologies business for £1.8bn ($2.4bn). The deal will expand its proposition in hydrogen, ammonia, and…
DOI Says New USGS Study Finds ‘Significant’ Undiscovered Oil, Gas Resources
In a statement posted on its website recently, the U.S. Department of the Interior (DOI) announced the release of a new U.S. Geological Survey (USGS) assessment “identifying significant undiscovered, technically recoverable oil…
CREA: EU Energy Payments to Russia Outpaced Ukraine Aid in 2024
The European Union spent more on Russian fossil fuels in 2024 than it provided to Ukraine in military and financial assistance, according to new data published by the Centre for…
Gas analysis will be a growing need in maritime fuels
As part of the 2023 International Maritime Organisation’s Strategy on Reduction of GHG Emissions from Ships, the IMO has recently announced changes that will transform maritime fuels. By 2030 the…
Nigeria Urges Firms to Boost Oil Output to OPEC Quota
Nigeria’s government is urging the oil companies operating in the country to collaborate to increase oil output in the producer that hasn’t been able to pump to its OPEC quota…
CP2 Project Approval Will Make Venture Global the Top U.S. LNG Firm
Venture Global is on track to surpass Cheniere Energy to become the biggest U.S. LNG company by liquefaction capacity if regulators approve the CP2 export project, Reuters reports, citing LSEG…
TotalEnergies Launches Major Solar Project in Spain
France’s supermajor TotalEnergies is launching its biggest solar project cluster in Europe—five solar projects with a total installed capacity of 263 MW near Seville, Spain. The solar field will produce…
