A bill introduced in the California legislature proposes to slash hundreds of millions of dollars from programs that help schools replace worn-out HVAC systems, low-income households install batteries, and affordable housing projects deploy solar panels — […]
Ships taking the alternative, non-Houthi route between Asia and Europe face another perilous situation, namely the rough seas around South Africa. The 6,966 teu MSC Antonia lost 46 boxes overboard last week during severe weather […]
Offshore driller Transocean has entered into agreements with a third party to sell two of its rigs for a total of $342m. The two rigs in question are the Development Driller III and the Discoverer […]
Saudi Aramco is actively seeking M&A opportunities in the downstream and LNG sectors. The company has recently entered the Chinese and Pakistani markets through acquisitions. Aramco aims to expand its international presence and secure additional […]
Oil prices tumbled on Tuesday morning as speculation continued that the eight leading OPEC+ producers would unwind their voluntary production cuts. – Crude production in Iraq’s semi-autonomous Kurdistan region continues to increase as industry organizations […]
Volkswagen is considering closing factories in Germany for the first time in its 87-year history due to falling profits and rising costs. The potential closures could lead to a clash with powerful unions and further […]
In a recent interview with CNN, Kamala Harris said that Bidenomics is working and that she is “proud of bringing inflation down.” However, the Bureau of Labor Statistics published the latest CPI at 2.9%, despite annual inflation […]
A German plan to charge more for using electricity on cloudy days has been dismissed as “crazy” by businesses. The country is pushing the use of solar power and other forms of renewable energy, and as part of […]
The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday. The total rig count fell by […]
Bulgargaz launched three tenders for five LNG cargoes. During October 2024, the company is seeking one LNG cargo of about 150,000 cbm on a DES (delivery ex-ship). The delivery window is October 4 and the […]
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