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Gas
Crude Oil
Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales
On Monday, China Petroleum & Chemical Corp, known as Sinopec, reported a 27.6% decline in first-quarter net income compared to the previous year. The company, l…
Oil Refinery
Spanish Oil Refineries Shut Down After Power Blackout
On Monday, a widespread power outage across Spain and Portugal forced several oil refineries to suspend operations, including both plants managed by Moeve, Spai…
Ethanol
Trump Administration Allows Temporary Sales of Summertime Higher-Ethanol Fuel
On Monday, the Trump administration announced an emergency waiver permitting the nationwide sale of E15, a gasoline blend containing 15% ethanol, during the sum…
LNG
Woodside Greenlights $17.5 Billion US LNG Project, Targets 2029 Start
Woodside Energy, an Australian energy company listed as WDS.AX, announced its final investment decision for a Liquefied Natural Gas (LNG) project in Louisiana, …
CCS
Calpine Strikes New Agreement for Texas Power Generation CCS Project
Exxon Mobil has entered into an agreement with Calpine to transport and permanently store up to 2 million metric tons of CO2 annually from Calpine’s Bayto…
Oil & Gas Trade
Vitol Steps up Venezuela Oil Buying Before U.S. License Lapses
Vitol Group, the world’s largest independent oil trader, has increased its oil purchases from Venezuela in April, utilizing a U.S. license set to expire o…
FLNG
Wison New Energies Nets Work on Petronas FLNG Set for Suriname
China’s Wison New Energies has finalized the detailed feasibility study for a new floating liquefied natural gas (FLNG) facility to be located offshore Su…
Natural Gas
Ecopetrol Working to Ensure Continuation of Offshore Gas Projects in Carribean
Ecopetrol S.A. has launched a collaborative strategy to secure the future of gas projects in Colombia’s Southern Caribbean after Shell announced its withd…
Oil&Gas Drilling
Russia Oil Drilling at Fastest Pace in 5 Years as Curbs Ease
Russia’s oil producers have intensified drilling activities, reaching levels unseen in at least five years, preparing for potential increases in OPEC+ out…
Gas turbine engine
Duke Energy Taps GE Vernova for Gas Turbine Partnership
Duke Energy and GE Vernova have entered into a partnership to supply natural gas turbines and related equipment to address increasing energy demands driven by a…
Crude Oil
USA Crude Oil Inventories Rise Week on Week
The U.S. Energy Information Administration (EIA) reported on April 23 that U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve (SPR…
Oil and Gas Equipment
CHC, Court Helicopters Partner to Enhance Offshore Safety, Transportation in Namibia
CHC Helicopter (CHC) has signed a Memorandum of Understanding (MoU) with Namibian aviation operator Court Helicopters to explore a strategic partnership focused…
Gas power plant
ENEX Confirms Plans to Develop 1,100-MW Gas Plant in Philippines’ Batangas Province
ENEX Energy Corporation has reaffirmed its commitment to constructing a 1,100-megawatt gas plant in Batangas, Philippines. The announcement addresses inquiries …
Hydropower Plant
EDF Signs Agreement for Volobe Hydroelectric Project in Madagascar
On the occasion of French President Emmanuel Macron’s state visit to Madagascar, EDF, a leading energy company, signed an agreement to develop, construct,…
LNG
PIL’s First 8,200 TEU LNG Dual-Fuel Boxship Named in China
Pacific International Lines (PIL), a Singapore-based shipping company, celebrated the naming of its first 8,200 TEU LNG dual-fuel containership, Kota Oasis, at …
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