While some observers might see electric vehicles as a challenge to the dominance of the oil industry, oil majors see the technology as an opportunity to expand.
Husky Corporation, which manufactures innovative fuel dispensing products and serves customers across the transportation sector, has acquired New York based Kinetic Laboratories and the K100 product line of gasoline and diesel fuel treatment additives. Terms of the acquisition were not disclosed.
Nowadays, many Western firms are self-sanctioning or unable to acquire the insurance, transportation, or financing required to buy Russia's commodity exports, raising fears in the West that China will step in and buy the unsold barrels.
Guyana has started talks with U.S. Exxon Mobil Corp to build a more than 120-mile (190-km) natural gas pipeline from the company's offshore projects, Natural Resources Minister Vickram Bharrat said.
Oil prices rose at the start of Asian trade on Wednesday after industry data showed drawdowns in U.S. crude and fuel stockpiles, raising supply concerns.
Ørsted’s Board of Directors has taken final investment decision (FID) on onshore wind farm Sunflower Wind in Kansas. The 201 MW wind farm will be located in Marion County, mid-Kansas, and will become Ørsted’s fourth onshore wind farm in the Southwest Power Pool (SPP) energy market.
The European Union will seek to step up cooperation with African countries to help replace imports of Russian natural gas and reduce dependence on Moscow by almost two-thirds this year.
On 1 May 2022, the GIPL pipeline connecting Lithuania and Poland was launched as planned, transmitting the first physical and commercial gas flows. The 508 km GIPL interconnection between Poland and Lithuania effectively expands the European gas market by integrating the Baltic States and Finland. This step strengthens the energy independence of the region and increases the possibilities of using the Klaipėda LNG terminal.
Ørsted announced the successful delivery of the first power from the Greater Changhua 2a Offshore Wind Farm. This represents a big achievement for Ørsted and the industry as Greater Changhua 1 & 2a is the largest offshore wind project in Taiwan and the company’s first large-scale offshore wind farm in the Asia-Pacific region.
TotalEnergies and ENEOS signed a joint venture agreement to develop onsite B2B solar distributed generation across Asia (Japan, India, Thailand, Vietnam, Indonesia, Philippines, Cambodia, Singapore and Malaysia).