The Biden administration will continue to discuss India’s purchases of Russian oil with government officials but is satisfied so far that New Delhi is buying the crude well below a western price cap, senior State Department officials told reporters on Wednesday. India’s purchases of Russian oil are a constant topic …
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Saudi Aramco signed a letter of intent to potentially acquire a minority stake in Renault SA and Zhejiang Geely Holding Group Co.’s planned combustion-engine venture as the oil behemoth seeks to expand into transport technologies. French carmaker Renault and China-based Geely would retain equal equity stakes in the new project, …
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Amendments to the EU’s draft methane regulation would allow coal mines to release additional greenhouse gases equivalent to the combined annual CO2 emissions of Belgium and Czechia, according to Ember, a clean energy think-tank. The analysis, published on Thursday (2 March), shows the latest revisions to the regulation will only …
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With the world’s largest station for iron-chromium flow battery tested on Tuesday in north China, the country has paved a new path for renewable energy storage. An iron-chromium flow battery is a new energy storage application technology utilizing the chemical properties of iron and chromium ions in the electrolyte. It …
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Oil finished a tumultuous session higher with record US exports slowing inventory builds, igniting crude market bulls even as persistent fears of higher interest rates dragged Wall Street lower. West Texas Intermediate settled at its highest in nine sessions, with the Energy Information Administration reporting that exports jumped 23%, slowing …
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The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, who visited Tripoli Wednesday, discussed issues related to the oil and gas sector, hailing Libya as one of the most important major partners in OPEC. The Libyan Minister of Oil and Gas, Mohammed Oun, and the Head of …
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Germany needs to use all energy options available to bring down high prices and protect certain sectors of the economy, Finance Minister Christian Lindner said on Wednesday. “We need to change our energy policy to be adapted to the new realities,” he said at an event organised by the BVMW …
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Eni has closed on the acquisition of BP business in Algeria, regarding the two gas-producing concessions “In Amenas” and “In Salah”, which are jointly operated with Sonatrach and Equinor. The transaction has been approved by the competent national and antitrust authorities. The operation was announced in early September, with the …
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Saudi Arabia’s Aramco is considering an investment in a liquefied natural gas (LNG) facility outside the kingdom, as global demand for the fuel soars following Russia’s invasion of Ukraine. The state energy company is in early discussions with LNG plant developers to procure a stake and secure supplies through an …
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Russian oil and gas output at the Sakhalin-1 project in the Far East is only half of what it was projected to be for 2022 after Russia’s invasion of Ukraine set off a series of Western sanctions that led to the departure of ExxonMobil. In a televised meeting with Russian …
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