Equinor Exits Nigeria and Azerbaijan With $2 Billion of Asset Sales
Equinor has exited the upstream business in Nigeria and Azerbaijan after completing oil and gas asset sales of $2 billion, the Norwegian energy major said on Monday. Equinor will…
BP Merges Offshore Wind Business in $5.8 Billion Joint Venture With JERA
BP has decided to merge all its offshore wind business into a new joint venture with Japan’s energy firm JERA, to which the companies will provide up to $5.8 billion……
Nuclear Power Wouldn’t Be a Cost-Effective Solution for Australia
The possibility of Australia using nuclear power for the first time would not have any advantages over other technologies, as similar costs savings could be achieved with renewables even if……
Saudi Arabia Cuts Oil Prices for Asia as Demand Concerns Persist
Saudi Arabia has cut the official selling price for its crude oil for deliveries to Asia in January in a move that was largely expected amid depressed global prices. Saudi……
Oil Prices Jump on Geopolitical Uncertainty but Demand Concerns Remain
Crude oil prices began trade this week with a gain following the news that Islamist rebel groups had ousted Syria’s President Bashar Assad and taken over the country in a……
China Solar Industry Looks to OPEC for Guide to Survival
China’s solar equipment manufacturers are learning they need to exercise restraint to survive. More than 30 of the top companies signed up to a program of self-discipline at the China…
EGAS partners with New Fortress Energy for second LNG FSRU in Egypt
The Egyptian Natural Gas Holding Company (EGAS) has signed a deal with US-based liquefied natural gas (LNG) specialist New Fortress Energy to lease a second floating storage and regasification unit…
Oil Prices Rise as Islamists Rebels Take Over Syria
An alliance of Islamist rebels has taken over Syria, with President Bashar Assad fleeing the country for Russia. Per media reports, world leaders are currently watching the alliance, including an……
Putin’s Gazprombank Move Creates Ripple in EU-U.S. Sanctions Strategy
The European Union is working with the United States to soften the blow without undermining their shared stance against Moscow. Gazprombank, pivotal for Russian natural gas transactions, has…
‘Next-gen’ oxygen analyser launched as Servomex appoints new leader
Gas analysis technology specialist Servomex has announced a leadership change and launched a new product designed to improve ultra-high-purity (UHP) gas analysis. From 1st December 2024, Dr Nic Davidson will…
