US Became Net Exporter of Crude to Nigeria for the First Time, EIA Says

(Reuters) – The United States became a net exporter of crude oil to Nigeria in February and March, as crude demand on the U.S. East Coast slowed due to refinery…

China’s Teapot Refiners Stage Surprising Comeback

Small refiners in the Shandong province, home to China’s independent refineries, are restarting operations under new ownership in a move that could exacerbate China’s overcapacity and thin-margin problems.   Three refineries…

Indonesia Forges $8 Billion Refinery Deal with U.S. Firm

Indonesia prepares to sign an $8-billion contract with U.S. engineering company KBR Inc to help it build 17 modular refineries, as part of the U.S.-Indonesia trade deal, Reuters reported on…

Analyst Explores Natural Gas Price Drop

In an EBW Analytics Group report sent to Rigzone by the EBW team today, Eli Rubin, an energy analyst at the company, offered an explanation for the August natural gas contract…

  • Gas
  • July 22, 2025
SLB awarded carbon storage contract by UK CCS partnership

Global energy technology company SLB has been awarded a technologies and services contract for carbon storage site development in the North Sea by the Northern Endurance Partnership (NEP), a joint…

Canada’s Enbridge to Invest $900 Mln in Texas Solar Project

(Reuters) – Energy infrastructure company Enbridge  said on Tuesday it had reached a final investment decision to invest $900 million on a 600 megawatt solar power project in Texas, as demand…

High Imports, Soft Summer Demand Weigh on US Gasoline

Summary Imports surge, boosting gasoline storage demand East Coast gasoline prices drop below national average OPEC production increase pressures oil prices lower (Reuters) – U.S. gasoline prices could fall below…

Halliburton Profit Slumps on Weak North America, Middle East Drilling Demand

(Reuters) – Halliburton reported about 33% fall in profit for the second quarter on Tuesday, hurt by weak demand for its oilfield services in North America, Saudi Arabia and Kuwait. The…

Investor Confidence Fuels Nuclear Fusion Frenzy

Investments in fusion technology have jumped by $2.6 billion in the year to July, the most since 2022, the Fusion Industry Association said in a new report on Tuesday, noting…

Philippines Coal Power Set for Rare Decline as Gas Generation Rises

The Philippines, one of the world’s most coal-dependent power markets, has boosted LNG imports and gas-fired power generation in recent years, to the point of being on track to see…