Higher Refining Margins Help Marathon Petroleum Beat Q2 Profit Estimate

Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, topped the average analyst estimates for second-quarter earnings, on the back of increased refining margins which helped it reverse a…

Duke Energy To Sell 20% in Florida Arm for $6 Billion

U.S. electric utility giant Duke Energy has agreed to sell an indirect 19.7% stake in its Florida business to infrastructure investor Brookfield for $6 billion in cash, part of which…

Diamondback Says it Should be Permian’s ‘Consolidator of Choice’ as Oil Outlook Dims

“Until someone else can prove they can do it better than us, we should be the consolidator of choice.” Get the Latest US Focused Energy News Delivered to You! It’s…

Trump Says He Will Raise Tariffs on India Soon Over its Russian Oil Purchases

“They’re fueling the war machine, and if they’re going to do that, then I’m not going to be happy,” Trump told CNBC in an interview, adding that the main sticking…

Lower Oil Prices Drag Saudi Aramco’s Q2 Profit Down by 20%

The world’s top crude oil exporter, Saudi Aramco, reported on Tuesday a 20% decline in second-quarter earnings as lower oil prices weighed on revenues despite rising production in line with…

BP Tops Q2 Profit Estimate as CEO Vows To “Do Better” for Investors

Despite a drop in earnings from a year earlier, BP (NYSE: BP) beat the second-quarter profit estimates as its chief executive Murray Auchincloss said that the UK supermajor “can and…

Australia Backs Smelters to Boost Critical Mineral Output

Australia’s federal government and the South Australian and Tasmanian state governments are injecting a funding package into two struggling smelters ultimately owned by commodity trading giant Trafigura to help them…

Exus unveils Pitch Power+ tool for monitoring wind turbine fleets

Project developer Exus Renewables North America today launched ExusIQ+, a comprehensive suite of asset optimization products designed to maximize renewable energy performance. The suite debuts with Pitch Power+, an innovative…

  • Gas
  • August 5, 2025
Mitsubishi Power completes landmark hydrogen usage project in Egypt

Power techs company Mitsubishi Power has completed a project that uses hydrogen as a fuel in an industrial boiler. According to the company, it is the first such project in…

  • Gas
  • August 5, 2025
Asahi Kasei proves high-purity biomethane technology in Japan

Technology and chemical company Asahi Kasei has completed a live trial of its zeolite-based biogas purification system in Kurashiki, Japan. The project, which started in , produced biomethane with yield…