BPCL and Sembcorp form a joint venture to develop renewables, green hydrogen in India
Bharat Petroleum Corporation, an Indian refiner, signed a joint-venture agreement on Tuesday with Singapore's Temasek backed Sembcorp for the development of green hydrogen and renewable projects in India. According to the companies, the joint venture will also look at projects in green ammonia bunkering and production, emission reduction for port operations, as well as other green fuel technology.
DUH: Germany's Mukran Liquefied Natural Gas terminal is at 5% utilisation during Q1
An analysis released on Monday showed that the German LNG terminal at the Baltic Sea port Mukran was operating at only 5% of its capacity in the first three months of 2025. This is despite local opposition to the project and criticism of the environmental impact. Germany expanded its natural-gas import options in order to replace…
DUH: Germany's Mukran Liquefied Natural Gas terminal is at 5% utilisation during Q1
An analysis released on Monday showed that the German LNG terminal at the Baltic Sea port Mukran was operating at only 5% of its capacity in the first three months of 2025. This is despite the ongoing opposition and criticism from locals over the environmental impact of the facility and its excess capacity. Germany is expanding…
Modi's India aims to strengthen energy and defence ties during Sri Lanka visit
India wants to promote investment and strengthen defence and energy ties with Sri Lanka during Prime Minister Narendra Modi’s two-day visit to the island country, where New Delhi is competing with China for more influence. Modi will arrive in Sri Lanka on Friday night. He is the first world leader to be hosted by Anura Kumara dissanayake since he assumed office.
Israeli Firm Gets Final Permit for US Wave Energy Demo
Eco Wave Power, an onshore wave energy technology company, has received a final permit for the construction and demonstration of its wave energy technology in San Pedro, California.The Revocable Permit 25-05 by the Port of Los Angeles was executed on behalf of the Executive Director, Eugene D. Seroka on March 27, 2025.This…
Trump tariffs stymie M&As and IPOs during what was expected to be a record-breaking quarter
The global trade war started by U.S. president Donald Trump, and the subsequent market turmoil, has shattered bankers' expectations for a strong start to Wall Street deals in 2018. Dealogic data for the first quarter showed that mergers and purchases volume increased 12.6% from the year-ago period to $984.38 Billion. The Asia Pacific region was largely responsible for this…
M&A revenues fall as Trump pursues his tariffs. Global deal activity is disappointing
The global trade war started by U.S. president Donald Trump, and the subsequent market turmoil, has shattered bankers' expectations for a strong start to Wall Street deals in 2018. Dealogic data for the first quarter showed that mergers and purchases volume increased 12.6% from the year-ago period to $984.38 Billion. The Asia Pacific region was largely responsible for this…
Brazil's Eike Batista eyes new $500 mln Gulf investment in 'supercane' project
Eike Batista was once Brazil's richest businessman. He said that a Gulf investor would soon announce a $500-million investment in his project to use modified sugarcane for the production of sustainable fuels. Batista said that the project had already received $500 million in funding from Sao Paolo's private development bank…
Government data shows that Britain's greenhouse gases emissions decreased by 4% between 2024 and 2025.
The government released preliminary data on Thursday showing that Britain's greenhouse gases (GHGs) will fall by 4% between 2024 and 2025. This is due to the closing of the last coal-fired plant in the country, and the reduction in emissions from the industrial sector. Britain's goal is to achieve net zero emissions in 2050.
Nigeria’s Refining Revolution is Reshaping West Africa’s Energy Landscape
The launch of the Dangote Refinery near the Port of Lagos presents an exciting opportunity to transform the energy and shipping markets in West Africa. And it stands to boost Nigeria’s role as an influential player in the global oil industry, fostering economic growth and regional development.Nigeria’s standing in the global…
Trafigura cancels plans to build a $471 million hydrogen facility in South Australia
Trafigura, the global trading company for commodities, has canceled plans to build a green hydrogen plant worth A$750m ($471.2m) at its Port Pirie Lead Smelter in South Australia. A spokesperson said this on Tuesday. Trafigura, a Swiss company, had commissioned a design study, funded jointly by the South Australian government and Trafigura, in order to reduce the carbon emissions of the plant.
TotalEnergies is facing a French manslaughter investigation over an attack in Mozambique
TotalEnergies said that French prosecutors opened an investigation against it over a potential manslaughter, and for failing to help people in danger in a Mozambique jihadist attack. The energy company reiterated its denial of any wrongdoing. In March 2021, islamist insurgents attacked Palma, a port city in Spain, and killed…
CERAWEEK - Mexico's Pemex prioritises refining while diverting heavy oil from the Gulf
Margarita Perez of PMI, Mexico's company that handles trading, said Tuesday that Pemex, Mexico's state-owned oil company, expects to divert barrels of heavy crude from U.S. Gulf Coast refining companies as it ramps up its Olmeca refinery. Pemex began prioritizing refining in favor of its traditional export markets around six years ago…
Baghdad seeks to replace Iranian gas after US action on Iraq-Iran energy trade
Baghdad, which has been unable to import electricity from Iran due to U.S. sanctions, is now looking at Qatar and Oman, should Washington also impose the same restrictions on their gas trade, according to the head of Iraq's South Gas Company. A spokesperson for the State Department said that President Donald Trump’s administration…
After Trump's tariffs on crude oil, Mexico is seeking Asian and European buyers
Pemex, the Mexican state-owned oil company, is currently in discussions with buyers in Asia and Europe. This is because it's looking for alternative markets to sell its crude oil after U.S. president Donald Trump imposed import tariffs. This week, Trump implemented tariffs of 25% on goods imported from Mexico and Canada. Canadian crude was exempted from the 25% tax…
After Trump's tariffs on crude oil, Mexico is looking for Asian and European buyers
Pemex, the Mexican state-owned oil company, is currently in discussions with buyers in Asia and Europe. This is because it's looking for alternative markets to sell its crude oil after U.S. president Donald Trump imposed import tariffs. This week, Trump implemented tariffs of 25% on goods imported from Mexico and Canada. Canadian crude was exempted from the 25% tax…
UK Invests $71M in Scottish Port Expansion for Floating Wind
Britain will invest 55.7 million pounds ($71.45 million) in the Port of Cromarty Firth in Scotland to expand the facility to become a hub for floating offshore wind, the government said on Wednesday.Britain has a target to largely decarbonize its electricity sector by 2030 which will require a huge ramp up in renewable power like offshore wind.Using floating turbines, that are not fixed to the seabed l
The massive Simandou iron ore mine could end Australia's golden age of iron ore, or it can start a new one. Russell
It is overused to the point of being meaningless. But the Simandou mine, located in Guinea, West Africa is a game changer. It is expected that the full 120 million tons of cargo per year capacity will be reached fairly quickly. The four Simandou blocks are impressive for their size and infrastructure challenges. They boast…
The massive Simandou iron ore mine could end Australia's golden age of iron ore, or it can start a new one. Russell
It is overused to the point of being meaningless. But the Simandou mine, located in Guinea, West Africa is going to change the iron ore seaborne market. It is expected that the full 120 million tons of cargo per year capacity will be reached fairly quickly. The four Simandou blocks are impressive for their size and infrastructure challenges.
India demands that Russian oil suppliers comply with sanctions
India, the world's No.2 importer of crude oil from Russia, wants to buy Russian oil only if it is supplied by companies and ships that have not been sanctioned by the United States. India, the No. 2 importer from Russia of crude oil, will only buy Russian oil if the oil is supplied by ships and companies that are not sanctioned by America, according to the oil secretary.
