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China

China’s 2025 Steel Demand to Fall 1.5% on Year, State Research Institute Says

China’s steel demand is forecast to fall 1.5% in 2025 and drop 4.4% in 2024 from the year before, the state-backed China Metallurgical Industry Planning a…

Oil&Gas Drilling

Petrobras to Keep Constellation’s Semi-sub Rig Under $61M Contract Extension

(OE) Offshore drilling contractor Constellation has secured an extension of the current contract for its semi-submersible drilling rig Atlantic Star with Petrob…

Metal

El Salvador President Proposes Bill to Overturn Metals Mining Ban

El Salvador’s Congress will begin debating a bill on Saturday from President Nayib Bukele that would overturn a 2017 national ban on metals mining, the he…

United States

President Biden to Decide Fate of Nippon Steel’s $15BN Bid for US Steel

Nippon Steel’s $15 billion bid for US Steel has been referred to US President Joe Biden, a White House spokesman said, giving the president 15 days to decide o…

Oil Price

Azerbaijani Oil Price Once Again Exceeds $75

The price of Azerbaijani crude oil has once again surpassed $75 per barrel.A barrel of Azeri Light crude rose by $1.11, or 1.49%, reaching $75.37 on Wednesday.T…

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…

Oil Exploration

Onshore Petroleum Auction Set to Be Held

Authorities are calling for bids for onshore petroleum exploration and production in nine areas in the Northeast and central region for the first time in 17 yea…

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…

Offshore Wind Power

Vietnam National Oil and Gas Group Seeks World Bank Support for Offshore Wind Power Development in Vietnam

Vietnam National Oil Imitation Group calls on the World Bank to provide support, including capital, to assist green energy projects, especially offshore wind po…

Natural Gas

Gas Exploration Firm’s Licence Extended Again

A company looking to extract gas from Manx territorial waters has had its exploration licence extended once more.A two-month extension has been granted to Crogg…

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…

Wind Turbine

Vestas Wins Spain Iberdrola 99MW Wind Turbine Retrofit Order

Recently, Iberdrola in Spain signed a 99MW order with Vestas to upgrade and renovate the Molar de Molinar and Isabela wind farms located in Castile La Mancha, S…

Wind Farm

Vestas Announces New Order in Australia

Vestas Has Announced a New Order as Part of Its Q4 Order Intake. This Order Is for the King Rocks Wind Farm Project in Australia. The Customer for This Project …

Ethanol

ABEPL Launches Bamboo Sourcing and Processing for Ethanol Production in Assam

Assam Bio Ethanol Private Limited (ABEPL), a joint venture of Numaligarh Refinery Limited (NRL) and two Finnish firms, will source bamboo from 18 districts of A…