Oil

Wind Energy Technology

Shipping can profitably reduce CO2 with VentoFoil wind support--Wind pioneers become Ambassadors

Making shipping more sustainable is high on the agenda of shipping companies, shippers and policymakers. The IMO is developing international regulations and sta…

Energy Technology

Sulzer Successfully Starts up World’s Largest Pygas-To-Styrene Extraction Unit

Sulzer Chemtech (GTC Technology) has completed the start-up of the world’s largest facility for styrene extraction from pyrolysis gasoline (pygas) derived…

Oil&Gas Drilling

Japanese Firm Taking Over Country’s Only Offshore Drilling Contractor to Fortify Its Oil & Gas Business

Hakuryu-11 jack-up rig; Source: JDCJapan’s oil and gas player JX Nippon Oil & Gas Exploration Corporation is in the process of acquiring the country&rsquo…

Oil & Gas Trade

Venezuelan Oil Minister Resigns on Investigation

Venezuela's oil minister Tareck El Aissami offered his resignation after three years in the post in the wake of a corruption investigation into state-owned …

Oil & Gas Trade

IMF: Libya’s Economy Will Depend on Oil and Gas Production for the Foreseeable Future

The country faces the challenge of reducing its reliance on hydrocarbons, while fostering stronger and more inclusive private sector-led growth, lender says

Nord Stream

Nord Stream Pipeline Blasts Stirred up Toxic Sediment

The explosions happened in a dumping ground for chemical warfare, but other contaminants proved most toxic to marine life.

Energy Security

Oil Spill Fear After Fatal Explosion on Chevron FSO Offshore Thailand

One contractor killed in incident on the Benchamas 2Government agencies are on alert for a potential oil spill from the floating storage and offloading (FSO) ve…

United Kingdom

BP Ties up With PetroChina to Develop Ccus Cluster in Southern China

Hainan project will draw expertise from BP’s The Net Zero Teesside Power project in UK

Oil Refinery

Jumbo-SAL-Alliance commences Basrah Refinery Upgrading Project shipments for JGC Corporation

The Jumbo-SAL-Alliance (JSA) has commenced its scope of work in the Basrah Refinery Upgrading Project for JGC Corporation. It is one of the largest projects eve…

Energy Saving

‘Heat Pumps Work’: Study Confirms Air Source Heat Pumps Three Times More Efficient Than Gas Boilers

New government-backed research project confirms heat pumps are an effective form of heating homes, even on cold daysAir Source Heat Pumps (ASHPs) could be as mu…

Oil & Gas Trade

Russian Exports: Shipments Fall on Black Sea Storms, Druzhba

kidsnord/ShutterstockRussia’s crude oil exports declined by nearly 9% in February due mainly to port stoppages in Novorossiysk and lower flows to Europe.C…

Oil Price

Global Oil Demand Set to Rise ‘Sharply’ on Air Travel Rebound and China Recovery

A floating refinery and storage vessel crosses Egypt's Suez Canal. Global oil demand will rise by 2 million bpd in 2023. AFPThe International Energy Agency …

Natural Gas

MHIET Releases SGP M2000, a New Natural Gas Engine Cogeneration System

- Help Increasing the Value of DER, Offering High Efficiency in Compact Body -- Achieved electrical efficiency of 44.3%, world's highest-class for 2,000kW n…

Oil Price

Oil Falls as SVB Collapse Rocks Financial Markets

Oil prices fell more than $1, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a f…

Natural Gas

Egypt to Announce New Energy Strategy in Coming Weeks

Decarbonisation, natural gas and hydrogen will be key elements of transition plan to reach 42 per cent renewable energy by 2030