Siemens Energy to spin off Transformation of Industry with view to sale
By 40 min ago 2 min read Siemens Energy is to spin off its Transformation of Industry business into a stand-alone company. The move aims to provide the division with…
Energean in Exclusive Talks for $1 Billion BP Egypt Gas Deal
Energean is in exclusive talks to buy a package of BP’s Egyptian oil and gas assets in a deal that could raise about $1 billion for the British energy major,…
45 Power Plants in India Running on Critically Low Levels of Coal Stocks
As many as 45 coal-fired power plants in India are currently operating with critically low levels of coal stocks, as electricity demand rises amid the strong El Nino but supply…
Trump Complained About Big Oil Profits, But Dumped Exxon Stock on Ceasefire Day
President Donald Trump’s investment accounts sold between $500,000 and $1 million of ExxonMobil stock on April 7, the same day Trump announced a ceasefire in the Iran war and hours…
Africa Emerges as Center of Upstream Acreage Rush
Africa has emerged as the center of a global upstream acreage rush. That’s what Enverus Intelligence Research (EIR) said in a statement sent to Rigzone on Wednesday, which noted that…
Fortum Seeks State Aid for Major New Nuclear Project in Sweden
Nordic energy company Fortum on Thursday said it had submitted a state aid application to start talks with the Swedish state on the terms and conditions to advance a new…
TotalEnergies Exits Russia’s Sanctioned Arctic LNG 2 Project
French oil and gas supermajor TotalEnergies has completed the transfer of its 10% stake in the Arctic LNG 2 to operator Novatek, ending its participation in the sanctioned Russian export…
Weak Asian Oil Imports Challenge Claims of Surge in Hormuz Transits
Asia is expected to welcome roughly the same volumes of crude oil this month as it did in July, with these still weak imports not signaling a surge in tanker…
Qatar and Kuwait Restore 70% of Pre-War Oil Exports Through Hormuz
Qatar and Kuwait have managed to boost their crude oil exports from the Strait of Hormuz to 70% of pre-war levels as they followed the United Arab Emirates in shuttling…
Thailand Accelerates Clean Energy Push to Cut LNG Dependence
Thailand plans to accelerate the rollout of renewable energy sources and embrace nuclear power for the first time to cut reliance on imported LNG in the wake of the Middle…
