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Ocean
International News

The Race to Mine the Ocean is Heating Up

March 28, 2024 Mariel Alumit

India has applied to the International Seabed Authority (ISA) for two new licenses to explore parts of the Indian Ocean sea bed for minerals crucial to the green energy transition. If they are granted, India would […]

global oil refining capacity
Downstream

More than 20% of global oil refining capacity at risk, analysis finds

March 28, 2024 Mariel Alumit

LONDON, March 28 (Reuters) – More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published on Thursday, as gasoline margins weaken and the […]

China’s CIMC Enric
International News

China’s CIMC Enric scores large tank order for LNG-powered trucks

March 28, 2024 Mariel Alumit

A unit of China’s CIMC Enric has won a large order to supply tanks for 1,000 LNG-fueled trucks in China. Zhangjiagang CIMC Sanctum Cryogenic Equipment (CIMC Sanctum) will supply dual 1,500L LNG on-vehicle cylinders for […]

PetroChina
Big Oil Companies

PetroChina Aims to Power All Its Output With Clean Energy by 2033

March 27, 2024 Mariel Alumit

Chinese state oil and gas giant PetroChina plans to power all its drilling and refining activities with clean power by 2033 and to install massive renewable energy capacity this year. The Chinese firm is pledging […]

Chinese-Backed Cyberattacks
Cyber Terrorism

Chinese-Backed Cyberattacks Target New Zealand, U.K., U.S.

March 27, 2024 Mariel Alumit

The hacking campaigns targeted hawkish lawmakers, pro-democracy activists, and Western corporations. Welcome back to World Brief, where we’re looking at major hacking allegations against Chinese-backed actors, former Brazilian President Jair Bolsonaro’s extended Hungarian Embassy stay, […]

Coal
Coal

Coal, the Dirtiest Fossil Fuel, Prepares for a Long Goodbye

March 25, 2024 Mariel Alumit

More than two years after climate negotiators first attempted to consign coal to history, the dirtiest fossil fuel is having a moment. Thanks to a combination of China’s energy insecurity — pushing Beijing back to […]

UK
Crude Oil News

Oilprice.com – China Buys Up Russian Oil – Update

March 22, 2024 Stu Turley

1. As TMX Starts Line Fill, China Takes Centre Stage – Canadian crude will start flowing to China directly (up until now it has only been exported from the US Gulf Coast) as the impending […]

Chinese and Russians
Press

Chinese and Russians reportedly given safe passage through the Red Sea by the Houthis

March 22, 2024 Mariel Alumit

Suez Canal Authority Bloomberg is reporting that Yemen’s Houthis will not target Chinese and Russian ships passing through the Red Sea and Gulf of Aden. Citing unnamed sources, the financial newswire says an agreement has […]

China
Imports

China’s LNG Surge: Surpasses Japan as Top LNG Importer

March 21, 2024 Mariel Alumit

China’s lockdown finally eased at the end of 2022 enabling economic activity to return and become more frequent in 2023. China’s natural gas consumption grew by nearly 8% in 2023, close to the pre-pandemic level […]

copper
Electric Vehicles

CERAWEEK: US needs more than ‘lip service’ on permitting to boost copper output: Freeport CEO

March 21, 2024 Mariel Alumit

The US must go beyond talking about changes to permitting if it wants to meet an expected shortage of copper needed for an energy transition, Richard Adkerson, chairman and CEO of US copper producer Freeport-McMoRan, […]

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