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Asia to dominate global PTA capacity additions by 2028
Global purified terephthalic acid (PTA) capacity is poised to see considerable growth over the next four years, potentially increasing from …
Texas regulator fines Freeport LNG $152,000
The Texas environmental regulator has fined liquified natural gas (LNG) exporter Freeport LNG $152,173 for violating state air pollution emissions …
BP begins oil production from key field offshore Azerbaijan
British energy giant bp has commenced oil production at the new ACE platform in the Azerbaijan sector of the Caspian Sea. The …
IMF warns tensions in Middle East could cause sharp increase in oil prices
The IMF has warned that the Middle East tensions could lead to higher oil prices, an increase in inflation, and …
OPEC considers Namibia for membership
Having lost Angola and other players in recent years, the OPEC+ oil producers’ group is considering Namibia for membership, an …
India’s GAIL plans to double capacity of Dabhol LNG terminal
Indian state-owned natural gas company GAIL is planning to more than double the capacity of its LNG terminal at Dabhol, …
Netherlands passes law to permanently shut Groningen gas field
The Dutch Senate has passed a law to permanently close the Groningen gas field, marking the end of an era …
Digital twin market to surpass $150bn by 2030, impacting many industries
The digital twin market will be worth $154bn by 2030 having expanded at a compound annual growth rate of 35.6% …
Gazprom makes second delivery of LNG to Spain
Russia’s state-run energy company, Gazprom, has delivered its second shipment of LNG from its small-scale Portovaya LNG plant on the …
US will not ease oil sanctions until Venezuela conducts fair elections
The US Government will not renew a temporary licence for Venezuela’s oil and gas sector unless the country’s President Nicolas …
Oil and gas storage solutions for the offshore industry
The offshore sector uses different types of oil and gas storage solutions for storing resources extracted from offshore fields. Offshore …
Equinor EQT asset swap boosts Marcellus shale formation stake
Norwegian energy company Equinor has reached an agreement with EQT, a US natural gas producer, to exchange its operated assets in …
SLB secures subsea contracts for Petrobras’ oilfield in Brazil
SLB has secured three contracts from Brazil’s state-run oil company, Petrobras, to provide completion services for the Buzios Wave II …
AG&P LNG Marketing secures $370m investment to boost Indian gas infrastructure
A consortium of Japanese investors has agreed to invest $370m in AG&P LNG Marketing to accelerate the energy transition in …
The Strait of Hormuz – the Middle East’s next major flashpoint?
As Iran and Israel trade military blows via land and sea, concerns are mounting over escalating Middle Eastern conflict and …