Fermi enlists Korean firms for Texan reactors

In June, Fermi America announced plans for the world’s largest energy-driven artificial intelligence complex, referred to as Project Matador. Located in Amarillo, Texas, in partnership with the Texas Tech University…

Oil Glut Will ‘Moderate’ Prices After Recent Gains, Birol Says

By Oil prices are expected to “moderate” because of ample supply, according to the International Energy Agency. “I don’t expect a major shake-up in the oil markets thanks to growing…

Oilfield Services Firm Petrofac Collapses

After years of restructuring and cost-cutting efforts, UK-listed oilfield services group Petrofac on Monday filed for administration, following the termination of its biggest contract.   Petrofac’s directors have applied to the…

U.S. Steps Up Pressure on Hungary to Cut Off Russian Oil

The U.S. is increasing pressure on Hungary to cut off its reliance on Russian oil imports and vows to work with Hungarian authorities and neighboring countries to help Budapest wean…

TotalEnergies’ $20 Billion Mozambique LNG Project Back on Track

TotalEnergies and its partners are close to restarting construction and engineering work on the huge $20-billion LNG export facility in Mozambique after the companies lifted the four-year-long force majeure on…

Oil Steadies as US-China Trade Deal Hopes Counter Demand Concerns

Summary Oil prices fall on scepticism over US-China trade deal boosting oil demand Iraq’s oil exports unaffected by Zubair oilfield fire OPEC reverses production cuts to regain market share (Reuters)…

EIA Shows Production Has Outweighed Demand All Year

In its latest short term energy outlook (STEO), which was released on October 7, the U.S. Energy Information Administration (EIA) showed that world petroleum and other liquid fuels production outweighed…

  • Gas
  • October 27, 2025
Pulsar Helium eyes Michigan with plan to buy Hybrid Hydrogen

Pulsar Helium has announced plans to buy full control of early stage exploration firm Hybrid Hydrogen in an all-share transaction worth $80,000. Hybrid Hydrogen’s primary asset is a lease agreement…

  • Gas
  • October 27, 2025
SIAD to deliver ASU for Pacifico Mexinol low-carbon methanol project

Industrial gas group SIAD will provide an air separation unit (ASU) for the Pacifico Mexinol ultra-low-carbon methanol project in Sinaloa, Mexico, which is set to be the world’s largest of…

India’s Crude Oil Imports Rise Even as Russian Supply Tightens

India imported 19.93 million tons of crude oil last month, a 1.7% increase from August, the Economic Times reported, citing government data. The total is equal to roughly 4.87 million…