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Home2025

Year: 2025

Equinor
Exports

Equinor extends shutdown of Hammerfest LNG export plant

January 9, 2025 Mariel Alumit

Equinor decided to stop production on January 2 due to an issue on a compressor which reinjects CO2 to the field. The company planned to restart the facility on January 9. “As repairs were being […]

Beijing
Finance

Beijing blasts EU over trade restrictions

January 9, 2025 Mariel Alumit

  The Chinese Ministry of Commerce has accused Brussels of selectively enforcing its regulation governing foreign subsidies Beijing has accused the EU of imposing unfair trade barriers on Chinese companies in the latest rift in […]

BRICS
BRICS

A US ally wants to join BRICS. Why?

January 9, 2025 Mariel Alumit

By Jackson Okata, an award-winning independent journalist based in Nairobi, Kenya, whose work has been published by CNN, Guardian, Reuters, China Dialogue, Openly, AllAfrica, Mongabay, Inter Press Service, Zenger News, and Al Jazeera English Last […]

Adnoc Gas
Finance

Adnoc Gas dishes out Ruwais LNG contracts worth $2.1 billion

January 9, 2025 Mariel Alumit

According to Adnoc Gas, the largest contract, valued at $1.24 billion for the LPP, was awarded to a consortium consisting of Engineering for the Petroleum and Process Industries (ENPPI) and Petrojet. Moreover, a $514 million […]

SLB
Big Oil Companies

SLB scores deepwater drilling contracts with Shell

January 9, 2025 Mariel Alumit

Shell Houston-based oilfield service giant SLB has been awarded a series of drilling contracts by Shell to support energy development across its deep- and ultra-deepwater assets. The scope of the contracts will include digital directional […]

tanker
Geopolitical

Many deficiencies found on tanker at centre of latest Baltic cable cutting incident

January 9, 2025 Mariel Alumit

Hannes van Rijn / Marine Traffic The Eagle S, the Russia-linked tanker at the centre of the latest cable cutting incident in the Baltic, will not be able to leave Finnish waters for some time […]

Big Oil Companies

EU on Trump-Greenland

January 9, 2025 Andy Del Prado

Daily Standup Top Stories Chevron Targets $6-8 bln In Free Cash Flow Growth By 2026 January 8, 2025 Clark Savage Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 […]

Used-Vehicle Prices
Finance

Why Used-Vehicle Prices May Put Upward Pressure on CPI, after Having Been a Powerful Contributor to Cooling Inflation

January 8, 2025 Stu Turley

The new-vehicle shortages of 2021-2022 now mean lower supply to the used-vehicle market, amid solid demand. By Wolf Richter for WOLF STREET. Used-vehicle prices, which had spiked over the two-year span 2020-2021 by 65% on the wholesale side […]

ENB Pub Note

New Railway to Connect China, Kyrgyzstan, and Uzbekistan

January 8, 2025 Clark Savage

ENB Pub Note: This story will coincide with a geopolitical series in our podcast. While this article is talking about a railroad project, it is part of the more significant strategies between land and sea […]

Oil and gas activity
Crude Oil News

Large Jump in Fuel Inventories Outweighs Crude Draw

January 8, 2025 Clark Savage

Crude oil prices were flat on the day, after the U.S. Energy Information Administration reported an estimated inventory draw of 1 million barrels for the first week of 2025. The authority also estimated builds in fuel inventories […]

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