• Gas
  • August 13, 2025
Korea HVO-SAF plant targets 2027 launch

LG Chem and Enilive have broken ground on Korea’s first hydrotreated vegetable oil (HVO) and Sustainable Aviation Fuel (SAF) production plant in LG Chem’s Daesan Chemical Complex located in Seosan,…

  • Gas
  • August 13, 2025
Venture Global wins arbitration case against Shell

Venture Global has won a legal battle with Shell over its failure to deliver liquefied natural gas under long-term contracts from the Calcasieu Pass plant, Louisiana, starting in 2023. Venture…

Cenovus, Indigenous Groups Circle MEG Energy in Possible Joint Bid

Cenovus Energy is in talks with a coalition of Canadian Indigenous groups to jointly acquire oil sands rival MEG Energy, Bloomberg reported Tuesday, citing people familiar with the matter. The…

API Data Shows Surprise Crude Build Despite Draw Expectations

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose this week, growing by an additional 1.5 million barrels in the week ending August 8.…

Oil Prices Steady in Early Asian Trading After Dropping on Tuesday

Oil prices were trading relatively flat in early Asian trading on Wednesday, following losses in the previous session as traders weighed signs of slowing U.S. demand and awaited inventory data…

Venture Global Wins Arbitration Case Against Shell Over Contracted LNG Cargoes

Venture Global denied the claim, saying it delayed moving to commercial operations because of a faulty electric system that did not allow the plant to operate optimally. “We are disappointed…

EIA: Oil Prices Headed for Steep Slide as U.S. Output Peaks

Brent crude prices are on track for a sharp decline in the coming months, with the U.S. Energy Information Administration (EIA) now forecasting prices to fall from $71 per barrel…

Trinidad Awards Deepwater Blocks to Exxon, Could See $21.7 Billion Investment, Minister Says

Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the U.S. energy major finds reserves in a large deepwater area it was awarded on Tuesday…

OPEC+ July Oil Output Was Lower Than 411,000 Bpd Planned Hike

The OPEC+ producers raised their combined crude oil production by 335,000 barrels per day (bpd) in July, below the 411,000 bpd output hike eight of the 22 producers have pledged…

DOE announces first selections for pilot reactor programme

The pilot programme, announced in June, aims to expedite the testing of advanced reactor designs that will be authorised by the Department at sites located outside of the national laboratories.…