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DUBAI, July 16 (Reuters) – Saudi oil giant Aramco (2223.SE) has signed final agreements to buy 50% of the blue hydrogen industrial gases business of Air Products Qudra (APQ), it said on Tuesday, continuing the kingdom’s drive to become a major hydrogen producer. Financial details of the transaction for Blue Hydrogen Industrial Gases Company (BHIG) …
Aramco to Buy 50% of Air Products Qudra’s Blue Hydrogen Business Read More »
By Reuters (Reuters) – French oil major TotalEnergies said on Tuesday its second-quarter hydrocarbon production levels will hit the top end of its guidance range, while pressure on refining margins will be partly alleviated by higher refinery utilisation. WHY IT’S IMPORTANT TotalEnergies quarterly earnings are due on July 25, and investors are closely watching the company …
TotalEnergies Says Oil Production to Hit High End of Q2 Guidance Read More »
Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban dipped on Monday, with trades for September-loading cargoes expected to pick up speed this week. Qatar Energy on Monday will close three tenders to sell crude for September loading with bids valid until Wednesday, traders said. The producer offered three al-Shaheen crude cargoes for …
Middle East Crude-Benchmarks Dip; More Refiners Buy TMX Oil Read More »
Fuel oil imports in June highest since at least November 2020 World’s biggest crude exporter buys fuel oil for power plants Saudi Arabia boosted imports of the dirtiest type of oil to the highest in more than three years to help meet power demand during the scorching summer. Shipments of fuel oil rose in June to …
Saudi Arabia Ramps Up Purchases of Dirtiest Oil Amid Scorching Summer Read More »
While Strathcona will own and operate the assets, it will evenly split the upfront capital costs with the federal Canada Growth Fund Bloomberg News Canadian driller Strathcona Resources Ltd. is planning as much as $2 billion in projects to capture carbon dioxide emissions from its oilsands operations, helped by backing from a Canadian public investment vehicle. While Strathcona will …
Strathcona Plans $2 Billion in Oilsands Carbon-Capture Projects Read More »
Summary Companies invest in downstream gas assets in Asia Japanese firms build gas markets to help sell excess LNG LNG seen as transitional fuel in move to renewables Activist investors raise alarm TOKYO, July 12 (Reuters) – Japanese companies foreseeing a growing surplus in stocks of liquefied natural gas (LNG) as their demand for the …
Japan Builds Gas Markets in Asia to Boost LNG Trading, Energy Security Read More »
(Reuters) – The world risks missing a goal to triple renewable energy capacity by 2030 as the current growth rate is inadequate, a report by the International Renewable Energy Agency (IRENA) showed on Thursday. CONTEXT A U.N. climate change conference in Dubai last year set a goal of tripling renewable energy capacity worldwide by 2030 …
Renewables Growth Rate Insufficient to Reach 2030 Target, says IRENA Read More »
By Gopalakrishnan Ravichandran Article/Editing: Bruno Venditti Courtesy of Visual Capitalist – See More From Visual Capitalist HERE Visualizing Natural Gas Reserves By Country Natural gas is used to generate electricity, heat homes and buildings, and power vehicles. It is also a raw material in various industrial processes. In this graphic, creator Gopalakrishnan Ravichandran ranks natural gas …
INFOGRAPHIC: Visualizing Natural Gas Reserves By Country – Visual Capitalist Read More »
Shell, Total, BP acquire 10% stakes in Ruwais site; Mitsui too Two of the firms also agree to take shipments from the project Bloomberg News Four international companies signed up to invest in Abu Dhabi National Oil Co.’s next liquefied natural gas export project on a bet that demand for the fuel will continue to climb. Shell …
Big Oil Invests in Adnoc LNG Plant in Bet on Future Demand Read More »
(Reuters) – Portfolio investors had reverted to a broadly neutral position in petroleum last week after heavy selling triggered by the OPEC+ meeting at the start of June waned and buying took over. Hedge funds and other money managers purchased the equivalent of 56 million barrels in the six most important futures and options and …
Oil Investors Regain Poise After Post-OPEC Swoon – John Kemp Read More »
