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News

Asia Coal Imports Remain Strong in June

Asia Coal Imports Remain Strong in June

Jun 25, 2024 at 03:24 | Charles Kennedy

Coal imports into Asia this month are expected to remain strong despite a slight decline in coal demand from China and India—the biggest importers. Japan, the third-biggest, is the only…

Canada Is Considering Imposing Tariffs on Chinese EVs

Canada Is Considering Imposing Tariffs on Chinese EVs

Jun 25, 2024 at 02:04 | Irina Slav

Canada may follow the example of the EU and the U.S., and impose import tariffs on Chinese electric vehicles, Reuters has reported, citing finance minister Chrystia Freeland. “Chinese…

U.S. Supreme Court Gets Involved in Emission Litigation

U.S. Supreme Court Gets Involved in Emission Litigation

Jun 25, 2024 at 01:23 | Charles Kennedy

The U.S. Supreme Court has decided to hear a case that could have far-reaching implications for future energy infrastructure projects in the country by establishing the limits to federal agency…

In $1.5B Deal with Siemens, Saudis Target Gas-Powered Plants

In $1.5B Deal with Siemens, Saudis Target Gas-Powered Plants

Jun 24, 2024 at 14:03 | Charles Kennedy

Saudi Arabia has signed a $1.5-billion deal with Siemens Energy for two gas-fired power plants that will produce electricity for the Kingdom as soon as 2026, with full operations to…

Covestro in

Covestro in "Concrete Transaction Negotiations" for $12.5B ADNOC Takeover

Jun 24, 2024 at 11:49 | Charles Kennedy

The year-long efforts of Abu Dhabi National Oil Company (ADNOC) to acquire German chemicals firm Covestro moved a step closer to a successful conclusion after Covestro said on…

US West Coast Refiners Swap Expensive Iraqi Crude for Cheap Canadian Oil

US West Coast Refiners Swap Expensive Iraqi Crude for Cheap Canadian Oil

Jun 24, 2024 at 11:34 | Charles Kennedy

Canada’s newly expanded Trans Mountain pipeline is now prompting American refiners on the West Coast to swap more expensive Iraqi crude with cheaper Canadian crude, Reuters reports, chalking up a…

Lithium Battery Factory Blaze in S Korea Claims 22 Lives

Lithium Battery Factory Blaze in S Korea Claims 22 Lives

Jun 24, 2024 at 10:04 | Charles Kennedy

Twenty-two workers were killed in a fire that followed a series of explosions at a lithium battery factory just outside of Seoul, South Korea on Monday, with authorities not yet…

Mexico’s New Refinery Won’t Be Ready for Commercial Output in 2024

Mexico’s New Refinery Won’t Be Ready for Commercial Output in 2024

Jun 24, 2024 at 08:44 | Charles Kennedy

Mexico’s newest refinery, the long-delayed Olmeca processing facility with a planned capacity of 340,000 barrels per day (bpd), is unlikely to be ready to produce commercial quantities of fuels by…

Pipeline Giant Enbridge Partners With First Nations for Wind Project in Canada

Pipeline Giant Enbridge Partners With First Nations for Wind Project in Canada

Jun 24, 2024 at 08:00 | Tsvetana Paraskova

Enbridge is teaming up with a consortium of First Nations to develop a wind power project in Canada’s Saskatchewan province in the first Indigenous partnership in renewables for the Canadian…

Dangote Claims Oil Majors Are Trying to Sabotage Africa’s Biggest Refinery

Dangote Claims Oil Majors Are Trying to Sabotage Africa’s Biggest Refinery

Jun 24, 2024 at 06:51 | Tsvetana Paraskova

The international oil companies operating in Nigeria are seeking to undermine the operations and profit margins of Africa’s largest refinery, Dangote, by asking for high premiums for domestically produced crude,…

EU Targets LNG and Dark Fleet in New Sanctions Against Russia

EU Targets LNG and Dark Fleet in New Sanctions Against Russia

Jun 24, 2024 at 05:43 | Tsvetana Paraskova

The European Union adopted on Monday a new sanctions package against Russia, targeting Russian LNG projects and shipments for the first time and looking to curb Moscow’s use of the…

Most UK Renewables Projects Struggle to Move Beyond Planning

Most UK Renewables Projects Struggle to Move Beyond Planning

Jun 24, 2024 at 05:07 | Tsvetana Paraskova

Most of the onshore solar, wind, and battery projects in the UK do not make it beyond the planning stage of development, threatening Britain’s capability to meet its ambitious clean…

Mitsui Expands Shale Footprint With Texas Purchase

Mitsui Expands Shale Footprint With Texas Purchase

Jun 24, 2024 at 03:44 | Charles Kennedy

Japanese trading major Mitsui has acquired more shale acreage in Texas as it seeks to expand its presence in the prolific region. The asset, dubbed Tatonka, was sold by two…

Houthis Join Forces With Iraqi Militia to Attack Israeli Ships

Houthis Join Forces With Iraqi Militia to Attack Israeli Ships

Jun 24, 2024 at 02:20 | Irina Slav

Yemen’s Houthis have claimed a joint operation with the Islamic Resistance in Iraq attacking Israeli ships at the port of Haifa, Al Jazeera has reported, citing a statement…

Iran Oil Minister Denies Claims of “Massive Discounts” on Oil

Iran Oil Minister Denies Claims of “Massive Discounts” on Oil

Jun 24, 2024 at 01:11 | Charles Kennedy

Iran’s oil minister Javad Owji has struck back at allegations that the government has been discounting the price of the oil it exports, saying discounts under the current government were…

California Senator Revives $15 Billion Oil Divestment Battle

California Senator Revives $15 Billion Oil Divestment Battle

Jun 21, 2024 at 16:28 | Julianne Geiger

A contentious California bill aimed at compelling the state’s two largest pension funds to divest approximately $15 billion in oil and gas assets has stalled for the third consecutive year,…

India's Oil Imports Surge: Russia Hits Record High, Saudi Arabia Drops

India's Oil Imports Surge: Russia Hits Record High, Saudi Arabia Drops

Jun 21, 2024 at 10:45 | Julianne Geiger

India's oil imports from Russia reached an unprecedented high of approximately 2.1 million barrels per day (bpd) in May, driven by widening discounts on Russian oil due to decreased demand…

Gas Flows to Sabine Pass LNG Export Plant Drop to 11-Month Low

Gas Flows to Sabine Pass LNG Export Plant Drop to 11-Month Low

Jun 21, 2024 at 10:41 | Charles Kennedy

Natural gas flows to Cheniere Energy’s Sabine Pass LNG export plant in Louisiana are set to drop to the lowest levels in 11 months on Friday, adding to lower flows…

Norway To Consider Developing Nuclear Energy

Norway To Consider Developing Nuclear Energy

Jun 21, 2024 at 10:27 | Charles Kennedy

Norway’s government appointed on Friday a committee tasked with considering whether the country should develop nuclear energy as an electricity source. Kristin Halvorsen, a former finance minister and currently…

India Seeks Tighter Regulatory Control Over LNG Import Terminals

India Seeks Tighter Regulatory Control Over LNG Import Terminals

Jun 21, 2024 at 09:28 | Charles Kennedy

The Indian Petroleum and Natural Gas Regulatory Board (PNGRB) is considering increasing regulatory control over India’s LNG import terminals, which could slow investments in the sector due to the potentially…

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