Sinopec Resumes Russian Crude Oil Purchases After Pause
Chinese state-controlled refining giant Sinopec has returned to buying Russian crude oil after halting purchases last month due to concerns about the U.S. sanctions on Russia’s oil trade and shadow…
Tariff Concerns Weigh on Baker Hughes Outlook
Oilfield service major Baker Hughes is going to be cautious about its financial performance outlook this year, due to “broader macro and trade policy uncertainty,” most likely meaning tariffs, the…
Mexico’s New Refinery Ships First Cargo of Ultra-Low Sulfur Diesel
Mexico’s new refinery, Olmeca, exported in early April the first cargo of ultra-low sulfur diesel (ULSD) as the refinery is slowly starting up processing of fuels, a source with knowledge…
EQT to Buy Marcellus Assets from Olympus Energy for $1.8 Billion
Natural gas producer EQT Corporation has agreed to buy upstream and midstream assets of Olympus Energy for $1.8 billion in a deal that would bolster EQT’s inventory in the Marcellus…
Saudi Arabia and India Forge Deeper Energy Ties
The world’s largest crude oil exporter, Saudi Arabia, and the third biggest importer, India, agreed on Wednesday to enhance cooperation in the energy sector, including in crude oil and petroleum…
South Dakota rejects Summit CO2 pipeline plan
The South Dakota Public Utilities Commission (PUC) has rejected Summit Carbon Solutions’ plan to extend the company’s pending state permit application process for a proposed CO2 pipeline that would cross…
White paper plots detection strategies for hydrogen safety
US-based safety equipment company MSA Safety has published a white paper examining the challenges of hydrogen safety and the layered detection technologies that can help mitigate risks associated with its…
Winners announced for $100m carbon removal competition
Winners of the international $100m XPRIZE carbon removal competition funded by the charitable Musk Foundation have been announced and can now press on with scaling their technologies. Mati Carbon received…
Europe Set to Shatter Solar Power Generation Records
Solar power generation in Europe is set for a record year, if first-quarter solar output is anything to go by. Electricity generation from solar power farms jumped by 32% in…
Elliott Management Urges BP to Cut Spending
Activist investor Elliott Management has declared a stake of over 5% in BP and has urged the company to boost cash flow via spending cuts. “Eight weeks ago, we announced…
