China, Russia, and Iran Take Center Stage at SCO Summit
The 25th anniversary of the Shanghai Cooperation Organization’s annual gathering got underway August 31 in the Kyrgyz capital Bishkek, with discussions expected to focus on …
Read Full ArticleRussia Doubles Dark Fleet to Ship LNG to Asia
In just nine months, Russia has doubled the number of opaque-owned vessels that it uses to ship liquefied natural gas from its sanctioned Arctic LNG …
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DNO agrees to acquire Capricorn Energy for $396m
DNO has agreed to acquire the entire issued and to-be-issued share capital of UK-based Capricorn Energy in a deal valued at $396m.
Read Full ArticleSolar Overtakes Coal as China's Largest Power Source
Solar power has just become the single largest electricity capacity source in China, toppling coal in a landmark achievement of the Chinese renewable energy rollout. …
Read Full ArticleTwo Supertankers Hit by Unknown Projectiles in Strait of Hormuz
Two oil supertankers have been hit by unknown projectiles while transiting the Strait of Hormuz outbound from the Persian Gulf, maritime risk management firm Marisks …
Read Full ArticleUkrainian Drone Barrage Sets Key Russian Oil Port Ablaze
A massive Ukrainian drone attack at Russia’s Ust-Luga oil export terminal in the Baltic Sea has sparked a fire at the site as Ukraine continues …
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ONGC outlines $10.5bn plan for deepwater exploration in India
Oil and Natural Gas Corporation (ONGC) is planning to invest about Rs1tn ($10.51bn) over the next five years to explore deepwater and ultra-deepwater oil and …
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Summit Midstream makes FID on Double E Pipeline mainline expansion
US-based energy company Summit Midstream has announced that Double E Pipeline has completed its open season and made a final investment decision (FID) to proceed …
Read Full ArticlePrice, Not Politics, Is Driving Most of India’s Oil Buying
India’s imports of spot crude cargoes from producers such as the United States and Venezuela are being driven by the prevailing cargo and oil prices, …
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US secures access for majority control of 65bbbl of Venezuelan oil
The US government, under President Donald Trump, has reached an agreement to secure majority control over approximately 65 billion barrels (bbbl) of proven oil reserves …
Read Full ArticleEurope’s Wind Power Buildout Jumps 30% in First Half
New wind power capacity in Europe reached 8.8 GW in the first half of the year, up about 30% from a year earlier, according to …
Read Full ArticleU.S. Oil Deal Pushes China and Russia Out of Venezuelan Fields
A U.S. oil company controlled by a Venezuelan business tycoon will replace Chinese and Russian operators of several Venezuelan oil fields, Reuters has reported, citing …
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