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Oil Price

Oil Prices Ease as Markets Weigh China Stimulus Hopes

Oil edged lower on Thursday in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China, the world's biggest oi…

Oil Refinery

NLC Hails Dangote Refinery for Fuel Price Cut

The Nigeria Labour Congress has commended Dangote Refinery for its recent reduction in fuel prices, describing it as a timely economic relief for Nigerians.Spea…

Crude Oil

RON97 Petrol Price Up By 3 Sen; RON95 And Diesel Unchanged

The retail price of RON97 petrol will increase by 3 sen to RM3.25 per litre, effective Dec 26, 2024, to Jan 1, 2025, according to the government.Meanwhile, RON9…

Australia

Progress of Projects Such as the Orient Polymetallic Mine in Australia

Iltani Resources has seen high-grade mineralization at the Orient East silver indium project in northern Queensland, which had previously seen the highest grade…

Natural Gas

KazMunayGas and CNOOC Joining Forces to Dig Deeper Into Geological Exploration

KazMunayGas and CNOOC are expanding their cooperation in geological exploration, discussing key aspects of bilateral collaboration, including the joint implemen…

Natural Gas

Gazprom Greenlights $15 Billion Investment Plan to Bolster Gas Production Capacity

The board of directorates of Russia’s giant Gazprom has given its seal of approval for the firm’s projected investment program and budget for next y…

Russian

Krasnodar Declares Regional Emergency as Black Sea Oil Spill Cleanup Stalls

Authorities in southern Russia’s Krasnodar region have declared a regionwide state of emergency as cleanup efforts for an oil spill along the Black Sea co…

Electric Vehicle Charging

Peak EV Fast Charging Is up 50%, and So Are EV Fast Chargers

Apparently, at the year’s peak charging time in the US, EV fast charging was up nearly 50% compared to the same time in 2023. That peak charging time is T…

Oil Shale

Iran Pioneers Shale Oil Extraction Technology to Achieve Energy Independence

In a groundbreaking achievement, Iranian researchers have developed innovative technology to extract shale oil from reservoirs. This is reported by Mehr News Ag…

LNG

Golar LNG Buys Remaining Stake in Flng Unit for $90M

Floating liquefied natural gas (FLNG) specialist Golar LNG has acquired minority ownership interests in the 2.4 mtpa FLNG Hilli from Seatrium and Black & Veatch…

Natural Gas

Santos’ Hook-up of New Well to Existing Gas Hub Offshore Australia Gets the All-Clear

Australian energy player Santos has received the thumbs-up for its revised environment plan (EP) from the country’s offshore regulator, which will enable …

Wind Farm

Clean Power 2030: Charge Offshore Calls on the Wind Industry to Electrify Its Expansion

The UK’s latest Clean Power 2030 roadmap promises to make offshore wind the ‘backbone’ of the British electricity system by tripling offshore …

Energy Investment

‘First-ever’ Blue Bond in MENA Region Sees Light of Day

Dubai-based terminal operator DP World has issued a staggering $100 million blue bond, becoming the first company in the Middle East to mark this ‘milesto…

Decarbonization

MHI-Imabari JV Changes Name to Better Respond to Maritime Decarbonization

MI LNG Company, a joint venture company established by Japanese giants Mitsubishi Heavy Industries (MHI) and Imabari Shipbuilding, is to be renamed as the compa…

Electric Vehicles

Nio Budget Brand Firefly Unveils First EV and It Looks Familiar

Nio wants Firefly to be a global brand selling cars in Europe and the Americas but not in the U.S. for now.Photo by: NioNio has just revealed the first electric…