Messer completes early-stage study for CO2 terminal in Germany
Industrial gas major Messer has completed an early-stage engineering study for a new liquefied carbon dioxide terminal in the port of Bremen, Germany, in partnership with liquid biofuel specialist Ambrian…
Thrive or Survive? U.S. Energy Secretary Makes U-Turn on Oil Prices
In the space of ten days, U.S. Energy Secretary Chris Wright has gone from full-throttle shale hype-man to waving the red flag on oil prices. Today’s bombshell? “$50 oil is…
Trump Eyes Sovereign Wealth Fund to Back U.S. Mining
Washington is eying the possible creation of an American sovereign wealth fund (SWF) to compete with China’s state-controlled extractive industries by directly investing in miners, both domestic and foreign, as…
Russia Oil Drilling at Fastest Pace in 5 Years as Curbs Ease
Russia’s oil producers have been drilling wells at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the…
Vitol steps up Venezuela oil buying before U.S. license lapses
(Bloomberg) — Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a U.S. license that allows the world’s largest independent oil trader to do business…
Oil Prices Rebound on Hopes of U.S.-China Tariff De-escalation
Oil prices rose early on Thursday, recouping some of Wednesday’s losses, after signs emerged that there could be some tariff and trade talks between the United States and China. As…
Eni Keeps Buybacks by Cutting Capex and Costs Amid Oil Price Slide
Amid the oil price crash and macro headwinds, Eni SpA (NYSE: E) on Thursday reduced its capital expenditure plans for 2025 and vowed to cut more costs as it maintained…
Weak Demand Set to Drag China’s LNG Imports Down by 20%
China continues to witness weak demand for liquefied natural gas and its LNG imports in April are estimated to be 20% lower than the volumes imported in the same month…
Chevron Revives Exploration Efforts in Namibia
Chevron plans to begin drilling an exploration well offshore Namibia, where several international majors have found huge oil and gas resources in recent years. Chevron Namibia Exploration Limited considers drilling…
Australia agrees first biomethane feed into natural gas network
It’s been a big month in Australia’s biomethane sector with the Australian Gas Infrastructure Group (AGIG) signing an agreement to connect the first biomethane project into its South Australian gas…
