A partnership between two of the world’s biggest energy companies will attempt to accelerate carbon capture, utilisation, and storage (CCUS) for the oil and gas industry in Indonesia. Pertamina (PT) and ExxonMobil signed a Joint […]
(Reuters) – The amount of crude oil in the U.S. Strategic Petroleum Reserve (SPR) dropped by 5 million barrels in the week to May 13, data from the U.S. Department of Energy showed. Stockpiles in the […]
The project will decarbonise 50GWh of electricity daily, offsetting 15 million tonnes of CO2 emissions per annum, which is equivalent to replacing five million cars with electric vehicles or 2.5 million hectares of afforestation. Amaravati: […]
At the start of this century, when much of the developed world woke up to the dangers of smoking, Big Tobacco turned to Africa to seek out new profits. To this day, in my country, Uganda, and […]
U.S. oil and gas supermajor Chevron has announced a partnership to explore potential lower carbon business opportunities in Indonesia with Pertamina. Aimed at serving local and potentially regional customers, Chevron and Pertamina plan to consider […]
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Cheniere Energy (LNG) is a stock that can certainly grab the attention […]
Summer is always a jittery time for the power industry — the electric grid doesn’t like extreme heat. It likes hurricanes even less. But nervousness appears to be running higher than usual — and for […]
Germany plans to stop importing Russian oil by the end of the year even if the European Union fails to agree on an EU-wide ban in its next set of sanctions, government officials said. Efforts […]
(Bloomberg) — Six months ago, U.K. North Sea oil and gas faced the bleakest outlook in its 50-year history. The government was focused on hosting the COP 26 climate talks and environmental groups were close […]
Demand for long-term LNG contracts continues to gain momentum this year as large volumes have been signed and prices for oil-linked deals under negotiation are rising, according to a recently published LNG contract trends report […]
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