Archive snapshot · Energy
Fri, Aug 28, 9:32 PM ET
Oil selloff accelerates as WTI drops below $84 amid Hormuz reopening hopes
Crude oil prices fell sharply for the week as traders weighed diplomatic efforts to reopen the Strait of Hormuz against persistent Middle East tensions, with Br
Oilprice.com · +2 outlets
Hormuz shipping traffic remains subdued despite diplomatic progress on reopening
Tanker traffic through the Strait of Hormuz is well below normal levels, with only seven vessels on Thursday versus a 17-vessel average, even as Gulf oil export
Oilprice.com · +2 outlets
Europe enters winter with gas storage at two-decade low as Qatar LNG supply disrupted
Europe's natural gas storage levels are among the lowest in 20 years heading into winter, driven by Middle East conflict crippling LNG supply from Qatar and sen
Oilprice.com · +1 outlets
U.S. in talks to take direct ownership stake in Venezuelan oil fields
The Trump administration is reportedly discussing acquiring a direct U.S. ownership stake in key Venezuelan oil fields with Venezuela's interim government.
Oilprice.com
India surpasses 300 GW of non-fossil fuel power capacity
India has reached 300 GW of non-fossil power capacity, on track for its 500 GW target by 2030.
Oilprice.com · +1 outlets
Enbridge buys Salt Creek Midstream's Permian crude gathering assets for $600M
Enbridge will acquire Salt Creek Midstream's crude gathering business in the Permian Basin for $600 million in cash, expanding its export capacity.
Rigzone.com · +1 outlets
China's solar boom hits a wall as top players report deepening losses
Jinko Solar, JA Solar Technology, and Tongwei all reported first-half losses worsening amid weakening demand in the world's top solar market.
Oilprice.com · +1 outlets
TotalEnergies exits Arctic LNG 2 project, transfers stake to Novatek
TotalEnergies completed the transfer of its impaired 10% stake in Russia's Arctic LNG 2 project to Novatek.
Rigzone.com · +1 outlets
Iraq offers Basrah crude via ship-to-ship transfer near Oman to bypass Hormuz
Iraq's state oil marketer SOMO is offering Basrah Medium and Heavy crude via tender for ship-to-ship transfer near the Omani coast next month.
Rigzone.com · +1 outlets
Japan plans to support pipelines bypassing Strait of Hormuz
Japan plans to back the construction of pipelines that bypass the Strait of Hormuz amid ongoing disruption to shipping.
Rigzone.com · +1 outlets
Pakistan's five refineries set for $6 billion upgrade push
Pakistan's five oil refineries are expected to sign agreements in early September for upgrades that could unlock $6 billion in investment.
Oilprice.com · +1 outlets
U.S. Department of Energy begins tests for fracked geothermal
The Trump administration is pushing geothermal energy as an alternative to wind and solar, with the DOE starting tests on fracked geothermal techniques and a ma
Oilprice.com · +2 outlets
Africa emerges as center of global upstream acreage rush
Enverus Intelligence Research says Africa has become the focal point of a global rush for upstream oil and gas acreage.
Rigzone.com · +1 outlets
Amazon nears 1 GW of wind power in Sweden with four new deals
Amazon expanded its largest-ever PPA and signed four new agreements to buy power from wind farms in Sweden.
Oilprice.com · +1 outlets
CNOOC pledges to boost reserves and production in second half
CNOOC Limited Chairman said the company will spare no effort to increase reserves and production in the second half of the year.
Rigzone.com · +1 outlets
Egypt's LNG comeback set to start with Cyprus's Cronos project
Egypt's gas sector, facing domestic shortages, is set to begin LNG exports via the recently approved Cronos project offshore Cyprus, expected to deliver up to 2
Oilprice.com · +1 outlets
East Africa's oil rivalry spurs multi-billion-dollar projects
Nigerian billionaire Aliko Dangote has agreed to build a $17 billion, 700,000-barrel-per-day refinery on Kenya's Lamu Island.
Oilprice.com · +1 outlets
Aker BP starts up Skarv Satellites production in Norwegian Sea
Aker BP has begun production from the Skarv Satellites, expected to account for a significant share of the company's Skarv area output for several years.
Rigzone.com · +1 outlets

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