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ADB to Provide $160 Million to Finance 760 MW of Solar in Azerbaijan
The Asian Development Bank (ADB) has agreed on a $160 million financing package for two solar projects in southeastern Azerbaijan, totaling 760 MW. Abu Dhabi-ba…
Oil Price
Petrobras Outlines $111 Billion, Five-Year Spending Proposal
Petrobras plans to boost spending on new oil drilling and other projects by almost 9% to $111 billion in the next five-year plan.The Brazilian oil giant’s…
Oil & Gas Trade
World’s Top Oil-Refining Hub Is Running Hard as Exports Boom
US Gulf Coast refineries are running the hardest for this time of the year in more than three decades as they rush to take advantage of strong fuel demand from …
Liquid Hydrogen
Toyota Seeking Partnerships to Develop Technology That Uses Boil-off Gas Generated While Driving H2 ICE Concept Running on Liquid Hydrogen
Toyota Motor entered the ENEOS Super Taikyu Series 2024 Empowered by BRIDGESTONE Round 7 Super Taikyu Final Fuji, to be held from 16 to 17 November, with the #3…
Oil Price
Oil Holds Weekly Drop on Glut Concerns, China’s Demand Outlook
Oil held a weekly loss on concerns over plentiful global supply and the outlook for demand in China, the world’s biggest crude importer.Brent traded above…
Oil & Gas Trade
Oil Trader Faces Lawsuit Over Company Hit by US-Iran Sanctions
The energy trader seeking to buy UK gas assets from Shell Plc and Exxon Mobil Corp. was sued over allegations that he diverted money from an Iranian petrochemic…
Oil Price
Indian Gas Retailers’ Shares Sink as Supply Cut Hits Margins
Indian city gas distributors’ stocks tumbled Monday after the government cut allocations of natural gas for a second month, triggering analyst downgrades.…
Natural Gas
Gasoline Exports From China Decline to Lowest Level Since April
Gasoline exports from China sank to the lowest since April as refiners scale back operations and a holiday boosted local demand.Shipments dropped 8.2% from Sept…
Offshore Wind Power
UK Unveils ‘Shop Local’ Offshore Wind Bonus
Image: Simon Dawson/No 10 Downing StreeOffshore wind developers will be incentivised to invest in the UK’s industrial heartlands, coastal areas and oil an…
Liquid Hydrogen
Expanding Possibilities With the Liquid Hydrogen-Powered GR Corolla in the Season Final Round
Liquid hydrogen-powered GR CorollaForming partnerships to take on the challenge of using boil-off gas generated while drivingLiquid hydrogen has a higher densit…
Oil Price
Election Euphoria Ends For Oil Prices
The International Energy Agency (IEA) expects there to be an oil surplus of more than 1.0 million bbl next year based upon a continuing decline in demand center…
Natural Gas
NuVista to Supply Gas to Trafigura in Long-Term Deal
Trafigura Group Pte. Ltd., has signed a long-term natural gas agreement with NuVista Energy Ltd., a leading producer of condensate-rich natural gas in the Montn…
Oil&Gas Drilling
Houston Based Coterra Announces Accretive Permian Deals for Near $4B
Bourbon announced that it has been awarded a new fully integrated logistics contract by an oil & gas major operator to support its exploration campaign and the …
LNG
IEA Says Global Oil Market Faces a Million-Barrel Glut Next Year
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the…
Oil&Gas Drilling
Bourbon Logistics Wins Contract With Oil And Gas Major Operator In Namibia
Bourbon announced that it has been awarded a new fully integrated logistics contract by an oil & gas major operator to support its exploration campaign and the …
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