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Russia’s four-week average seaborne oil exports fell to 3.11 million barrels a day as of July 14, down by almost 600,000 barrels or 17% from their recent peak in April, Bloomberg has reported. The country’s seaborne crude shipments have now sunk to the lowest since January and are likely to …

The world’s demand for electricity is rising at its fastest rate in years, driven by robust economic growth, intense heatwaves and the increasing uptake of technologies that run on electricity such as EVs and heat pumps, according to a new report by the International Energy Agency (IEA). At the same …

Nevada is now hosting the largest solar plus battery energy storage system project in the United States after Primergy Solar and Quinbrook Infrastructure Partners announced that the Gemini Solar + Storage project in Clark County is now fully operational. Gemini is one of the latest such sites in the U.S. …

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count rose by 2 to 586 this week, compared to 669 rigs this same time last year. The number …

China’s largest oil refining company, China Petroleum & Chemical Corp., aka Sinopec, processed 126.69 million metric tons of crude oil or 5.08 million barrels per day (bpd) in the first six months of the current year, good for a mere 0.1% Y/Y increase, the company has reported. That compared with …

Aramco has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Co. (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ). The transaction, which is subject to standard closing conditions, will also include options for Aramco to offtake hydrogen and nitrogen. Building on its …

Eni and ITQuanta have agreed to form a joint venture, Eniquantic1, with the aim of developing an integrated hardware and software quantum machine2 capable of solving complex problems (mathematical optimisation, modelling and simulation, artificial intelligence) and initiating specific and significant quantum computing applications to support the energy transition. In developing …

Egypt’s natural gas production has dropped to the lowest in more than six years just as a scorching summer boosts demand for the fuel. The North African nation’s output in May was near the weakest since February 2018, according to figures from the Joint Organisations Data Initiative. The decline is …

Rare earth mineral companies in China have been stung by declining prices at the same time the government “tightens its grip” on the industry, according to Nikkei Asia. Companies like Rising Nonferrous Metals, a rare-earth miner listed in Shanghai, are losing money this year, a stark contrast to last year’s …

Investments in fusion energy efforts globally increased for yet another year, but the growth was slower than in the previous two years as many companies in the industry expect funding to be a major challenge in the medium term, the Fusion Industry Association (FIA) said in its annual report. The …