LNG acts as ‘shock absorber’ to global economy
By 11 min ago 4 min read The liquefied natural gas industry’s flexibility and resilience during this year’s energy crisis has enhanced its role as a ‘shock absorber’ to the…
CPH2 secures £3.5m to fund licensing pivot after 1MW test failure
By 31 min ago 2 min read Membrane-less electrolyser firm Clean Power Hydrogen (CPH2) has resumed trading after securing £3.5m ($4.7m) through a placing and retail offer, with investors indicating…
Icelandic tech firm installs record reactor at Chinese e-methanol plant
By 2 min ago 2 min read Icelandic tech firm Carbon Recycling International (CRI) has delivered the “largest of its kind” reactor for the 170,000 tonne-per-year (tpa) green hydrogen-based e-methanol…
Ineos lines up blue hydrogen supply from Equinor-Engie for Antwerp cracker
By 6 min ago 2 min read Chemicals major Ineos has signed a preliminary blue hydrogen offtake deal with the Equinor-Engie joint venture H2BE for its Project One cracker in…
UAE Oil Production Nears Record High After OPEC Exit
The UAE is wasting little time capitalizing on its exit from OPEC, with crude production already climbing above 3.8 million barrels per day in June, its highest level in more…
Russia’s Oil Windfall Vanishes as Urals Crashes to $42 a Barrel
Russian crude oil prices have fallen back to where they were before the Middle East war, with its flagship Urals averaging just $41.66 a barrel during the first three days…
UK’s $667 Billion Net-Zero Bill Could Make Britain Uncompetitive
The UK’s cost to meet its ambitious net-zero and clean power goals is a massive $667 billion, or £500 billion, which would be heavily front-loaded capital expenditure that will hurt…
Fear of an Oil Glut May Be Overblown, Top Consultancy Says
Up to 75% of the previous oil flows through the Strait of Hormuz are expected to return to the market by the end of the year, but significantly lower oil…
India’s Power Demand Set to Grow 6% a Year Through 2030
Power demand in India is expected to rise by about 6% every year over the next four-five years, with growth supported by renewable energy capacity additions, brokerage Centrum Institutional Research…
Hormuz Tanker Traffic Slowly Recovers Despite Persistent Risks
Tanker traffic through the Strait of Hormuz has picked up pace in recent weeks, but oil flows are anything but smooth. At least six tankers carrying oil or LNG moved…
