SLB and Star Energy Geothermal, a subsidiary of Indonesia’s largest renewable energy company Barito Renewables, have announced a collaboration agreement to accelerate advanced technologies for geothermal asset development. SourceContinue Reading

Libya is planning to boost its crude refining capacity from the current 300,000 barrels per day (bpd) to 400,000 bpd, Libya’s Minister of Oil and Gas Khalifa Abdulsadek has announced. “To maximize exports, you need to keep an eye on the local demand first, as it is increasing for power generation,’’ the minister said. According...Continue Reading

(Bloomberg) – U.S. President Donald Trump’s pledge to unlock more of that country’s vast stores of energy will likely lower Kenya’s consumer price growth, according to the chief of the African nation’s central bank. SourceContinue Reading

Uniper: More U.S. LNG Flows to Europe Will Relieve Gas Markets | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 22, 2025, 11:30 AM CST Additional purchases of U.S. LNG from the European Union would help ease the tightness in global natural gas markets and...Continue Reading

Middlemen who supply Russian oil have stopped offering cargoes after the latest U.S. sanctions imposed by the Biden administration targeting Russian producers, tankers and insurers, Bharat Petroleum CFO has revealed. The sanctions have targeted Surgutneftgas and Gazprom Neft, two Russian oil firms that handle 25% of Russian oil exports. The two companies shipped an average...Continue Reading

Germany May Need Standby Coal Plants for Longer Than Planned | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 22, 2025, 10:30 AM CST Germany may have to rely on standby coal-fired power generation longer than previously expected, to keep its power system stable and...Continue Reading

Orsted’s U.S. Struggles Deepen as Trump Derails Offshore Wind Ambitions | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jan 22, 2025, 10:00 AM CST Orsted announced a $1.68 billion impairment charge on its US offshore wind projects due to rising interest rates,...Continue Reading

China’s CNOOC Lowers Output Growth Target as It Keeps 2025 Capex Flat | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 22, 2025, 9:30 AM CST Chinese state-held oil and gas giant CNOOC is keeping its capital expenditure flat this year compared to 2024 as...Continue Reading

Trump Launches $500 Billion AI Initiative in the Heart of America’s Oil Country | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Jan 22, 2025, 9:00 AM...Continue Reading

Russia Reshuffles Tankers to Keep Shipping Oil to China After US Sanctions | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jan 22, 2025, 8:30 AM CST Aframax oil tankers that...Continue Reading