PetroChina to Retire 19 Inefficient Refining and Chemical Units

PetroChina plans to phase out production at 19 old and inefficient units across its refining and petrochemicals facilities as China looks to trim overcapacity that has weighed on the downstream…

  • Gas
  • November 6, 2025
Air Products sees helium price pressure holding steady next year

Air Products has speculated that the worst of the helium downturn for producers may be nearing an end. It is forecasting what it sees as a manageable 4% earnings hit…

  • Gas
  • November 6, 2025
OSC appoints Vice-President of Sales and Marketing

Packaged gases and welding supply company Oxygen Service Company (OSC) has appointed Jim Klose as Vice-President of Sales and Marketing to strengthen vendor relations and enhance customer satisfaction. Klose has…

US LNG Producers Ink Near Record Contract Volumes, Even as Fees Climb

U.S. liquefied natural gas developers are on track this year to ink the second-highest annual number of binding sales contracts, despite industry concerns about increasing capacity and rising costs. In…

Oil Edges Up as Glut Fears Ease Despite Weak Demand

(Reuters) – Oil prices regained a little ground on Thursday, buoyed by easing concerns over a potential supply glut as sanctions on Russian companies begin to bite. Having closed the…

ADNOC Awards $15B Contracts to Emirati Suppliers

Abu Dhabi National Oil Co PJSC (ADNOC) said Wednesday it has awarded AED 54 billion ($14.7 billion) worth of contracts to suppliers operating in the United Arab Emirates in the…

Nigeria’s $300 Billion Oil Theft Scandal

Nigeria has lost $300 billion to oil theft, auditors appointed by the Nigerian parliament said this week. The oil was sold illegally both at home and abroad, the Senate committee…

Australia Hits Milestone as Renewables Overtake Fossil Fuels

Australia generated more electricity from sources including wind and solar than it did from coal and natural gas power plants last month, Ember has reported, as cited by Reuters. This…

Indian Refiner Reliance Offers Rare Sale of Middle East Crude

India’s Reliance Industries, the top private refiner in the country, is looking to sell some UAE and Iraqi crude in a rare spot market offer, trade sources told Bloomberg on…

  • Gas
  • November 6, 2025
Air Products reports $877m loss in full-year 2025 financials

Industrial gas major Air Products has reported an annual operating loss of $877m after it took a $3.7bn – $3bn after tax – hit early in the financial year in…