Enbridge to acquire Salt Creek Midstream’s crude assets for $600m
Canadian midstream company Enbridge has reached a deal to acquire Salt Creek Midstream's crude oil gathering business in the US for $600m in cash.
Read Full ArticleGlobal Oil Security Looks Shakier as Conflicts Hit 45 Million Bpd of Supply
Almost half of the world’s oil supply is produced in regions currently engaged in hot conflicts, Reuters reported this week. The situation raises questions about …
Read Full ArticleMIT Uses AI to Challenge a Century-Old Process for Mass Ammonia Production
Ammonia production consumes as much as 2% of the world's energy and generates roughly 1.5% of global greenhouse gas emissions, largely because the industry still …
Read Full ArticleEquinor Targets 27% International Production Growth by 2030
Alongside boosting exploration and production offshore its home market Norway, Equinor is pursuing an international growth strategy, aiming to significantly increase its overseas oil and …
Read Full ArticleOctopus Boss Warns UK Is Too Exposed to Global Gas Prices
Octopus boss Greg Jackson has called on Andy Burnham to deliver “urgent reform” to the energy market to protect households from “volatile” gas prices. Jackson, …
Read Full ArticleAramco Finds a New Way to Keep Saudi Crude Flowing to China
Saudi Arabia is not waiting for the Strait of Hormuz to return to normal to deliver its crude to Asia. It is building a workaround, …
Read Full ArticleCNOOC Posts Record Profit as China Pumps More Oil at Home
China’s push to squeeze more oil and gas from home is paying off just as imported energy becomes more geopolitically complicated. CNOOC posted record first-half …
Read Full ArticleOil Drops as Tankers Begin Moving More Gulf Crude
Brent crude futures dropped for a third session as Iran and Oman advanced plans for a temporary maritime corridor through the Strait of Hormuz. Brent …
Read Full ArticleWhy Kazakhstan’s New Political Order Matters for US Trade
Kazakhstan’s parliamentary election on August 23 marked an important step in the country’s political development, completing the formation of an updated system of government under …
Read Full ArticleEurope’s Heatwaves Are Putting Nuclear Power Under Pressure
Europe’s energy sector is facing a stress test unlike any it has ever seen before. Not only are the markets being battered by the latest …
Read Full ArticleUK Government Takes Stake in Tungsten Mine With £71m Mine Bet
The government’s National Wealth Fund is set to pump £71m into miner Tungsten West in a bid to help reopen the Hemerdon mine in Devon. …
Read Full ArticleThe Netherlands to Miss Natural Gas Filling Target for Winter
The Netherlands will miss its target to fill natural gas storage sites ahead of the winter, its gas network operators said on Wednesday, in one …
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