Chinese Refiners Slash Run Rates as Sanctions Cripple Russian Crude Supply

Chinese Refiners Slash Run Rates as Sanctions Cripple Russian Crude Supply | OilPrice.com `; document.write(write_html); } Breaking News: ByTsvetana Paraskova– Feb 07, 2025, 8:30 AM CST China’s independent refiners have…

USEDC Plans to Deploy up to $1B Primarily in Permian, Sees Job Growth

In a statement sent to Rigzone this week, U.S. Energy Development Corporation (USEDC) announced “plans to deploy up to $1 billion during 2025, primarily in the Permian Basin”. USEDC said…

  • Gas
  • February 7, 2025
World’s first LCO2 ship berths for Northern Lights

The Northern Pioneer – billed as the world’s first commercial liquefied CO2 transport ship – has officially arrived in Norway to serve the Northern Lights project. The 130m-long ship, which can…

US Risks Losing Long Game in China LNG Spat

Chinese buyers of US LNG could divert cargoes to Europe China’s share of US LNG offtake set to grow Tit-for-tat tariffs could impact new US LNG projects The United States…

TPG to Buy Solar Firm Altus Power for $2.2 Billion

(Reuters) – Buyout firm TPG’s climate investment arm will acquire Altus Power in an all-cash deal worth $2.2 billion, including the assumption of debt, the companies said in a statement…

Chevron Accelerates Kazakh Oilfield Ramp-Up, Sources say

• Chevron expected full capacity of Tengiz expansion by June• Output at Tengiz jumped to 900,000 bpd in early February – data• Kazakhstan frequently overproduces under OPEC+ deal (Reuters) –…

Trump Administration Starts Sanction Campaign Against Iran

ByIrina Slav– Feb 07, 2025, 2:30 AM CST The Department of Treasury has issued a fresh round of sanctions targeting several individuals and vessels involved in the sale and transportation…

Hydrogen Hopeful Nikola Nears Bankruptcy

Hydrogen truck maker Nikola is considering a sale or a restructuring as it prepares to file for bankruptcy, the Wall Street Journal has reported, citing unnamed sources close to developments.…

Russia’s Crude Oil Exports to EU via Ukraine Dropped 15% in 2024

Russia’s Crude Oil Exports to EU via Ukraine Dropped 15% in 2024 | OilPrice.com `; document.write(write_html); } Breaking News: ByTsvetana Paraskova– Feb 07, 2025, 4:52 AM CST Russian crude oil…

  • Gas
  • February 7, 2025
Partners target biomethane sweet spot in Brazil

Toyota Tsusho Corporation, Ferrari Agroindustria, Toho Gas and Sebigas Cotica Biogeneria have entered into a joint development agreement for a biomethane production pilot project in Brazil. The quartet will explore…