High Interest Rates Could Turn Next Oil Glut Into a Crisis

Bloomberg’s Javier Blas warned on Monday that the next oil glut will be harder and costlier to finance than any in recent memory, describing a “cartoonish” surplus forming as new…

The Dangote Refinery Strike Cost Nigeria 600,000 Barrels of Oil Output

A three-day national strike prompted by layoffs at the Dangote refinery has led to production losses of 600,000 barrels, the chief executive of the Nigerian National Petroleum Company has said.…

Ørsted Raises $9.3 Billion in Discounted Share Sale Backed by Danish State

Ørsted has completed its widely publicized rights issue at a heavily discounted price, raising the target amount of 59.56 billion crowns, equal to some $9.35 billion. According to the company,…

China to Build 11 New Oil Storage Sites in 2 Years

China is building new oil storage sites as it stockpiles crude while it is cheap. This year and next will see a total of 11 new storage sites built across…

BMI Believes OPEC+ Will Remain Responsive to Price Shifts

In a BMI report sent to Rigzone by the Fitch Group recently, BMI analysts said they believe OPEC+ “will remain responsive to shifts in the oil price”. “The group is…

  • Gas
  • October 7, 2025
Helium Evolution starts production at Saskatchewan plant

Canadian helium exploration company Helium Evolution has commissioned its helium processing facility in the Mankota area of southern Saskatchewan, Canada. The plant, located at the Soda Lake facility, is designed…

  • Gas
  • October 7, 2025
Germany rolls out €6bn bid chance to decarbonise heavy industry

The German government has launched the first stage of a bidding process for carbon dioxide contracts for difference (CfD), which will take place next year. According to the funding programme,…

  • Gas
  • October 7, 2025
Polish banks provide $20m for biogas and biomethane development

Poland banks PKO Bank Polski and Bank Gospodarstwa Krajowego have signed the first syndicated deal in the country’s biogas and biomethane sector. The PLN74m ($20m) deal will go towards Neo…

India Surges Ahead In Clean Energy: Solar Power And Manufacturing Drive Record Renewable Growth – Rubix Data Sciences

Representational image. Credit: Canva India’s renewable energy sector has witnessed extraordinary growth over the past decade, positioning the country as one of the world’s leading clean energy markets. With a…

Orsted Raises $9.4B amid Troubles under Trump

Orsted A/S raised 60 billion Danish kroner ($9.4 billion) through a rights offering that’s critical for the company to tackle the downturn facing the wind power industry. The fund raise,…