Many thought that green hydrogen would be a silver bullet for decarbonization, particularly in hard-to-abate industries. But the green hydrogen revolution has not yet materialized as the fuel’s production remains expensive and economically inefficient. But a new breakthrough in hydrogen harvesting could put the sector back on track for major industry disruption. Green hydrogen is lauded as a potential game-changer for clean energy because it can be combusted at high heat like fossil fuels to power sectors like steelmaking, shipping, and transport.…

In a new note out this week, Deutsche Bank laid out how it believes auto OEMs are going to shift their businesses to adapt to tariffs.  Deutsche Bank reports that automakers (OEMs) are adopting a wide range of strategies to navigate the uncertainty—adjusting pricing, incentives, and production plans on a rolling basis. The situation remains highly fluid, with the Trump administration recently floating the possibility of temporarily suspending tariffs to allow more time for OEMs to adjust. However, Deutsche Bank emphasizes that the market…

The total number of active drilling rigs for oil and gas in the United States rose this week following the recent price slide, according to new data that Baker Hughes published on Thursday, following a large 7-rig dip in the prior week. The total rig count in the US rose by 2 to 585 rigs, according to Baker Hughes, down 34 from this same time last year. The number of oil rigs rose by 1 to 481—down by 30 compared to this time last year. The number of gas rigs also rose by 1 this week, to 98 for a loss of 8 active gas rigs from this time last…

Via Metal Miner The Construction MMI (Monthly Metals Index) broke out of its over 6-month-long sideways trend to pivot down 5.41%. This new movement outside of its sideways range could indicate more volatility in the short term than the index experienced in the past 12 months. The new Trump tariffs on China caused some volatility in the price of construction materials, including H-beam steel and steel rebar. If the U.S. and China fail to negotiate these new policies, the index will likely remain unpredictable for the short term.. The U.S. construction…

If Big Oil was starting to feel good about its government-sponsored climate-era glow-up, they may be in for a rude awakening, with the U.S. Energy Department reportedly preparing to pull the plug on nearly $10 billion in clean-energy funding, according to new memos seen by the Wall Street Journal. The DOE’s move could put everything from hydrogen hubs to carbon capture collaborations in the crosshairs—yes, even those buzzy projects with ExxonMobil and Occidental. According to internal memos making the rounds, the cuts could gut two…

Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest private port operator, has announced a $2.4-billion non-cash deal to acquire the North Queensland Export Terminal (NQXT) in Australia, as Adani seeks to jumpstart its global expansion plans. Adani ports CEO Ashwani Gupta described as “pivotal” the transaction, which involves the issuance of 14.38 crore equity shares to Carmichael Rail and Port Singapore Holdings Pte Ltd (CRPSHPL), a related entity controlled by the Adani family. The share-swap deal values NQXT at around…

If Big Oil was starting to feel good about its government-sponsored climate-era glow-up, they may be in for a rude awakening, with the U.S. Energy Department reportedly preparing to pull the plug on nearly $10 billion in clean-energy funding, according to new memos seen by the Wall Street Journal. The DOE’s move could put everything from hydrogen hubs to carbon capture collaborations in the crosshairs—yes, even those buzzy projects with ExxonMobil and Occidental. According to internal memos making the rounds, the cuts could gut two…

High-level officials from key European countries, the United States, and Ukraine are gathering in Paris, days after the latest direct talks between Washington and Moscow that are aimed at ending the war between Russia and Ukraine, Europe's biggest conflict since the end of World War II. The talks are a first chance for face-to-face meetings between senior European and Ukrainian leaders and US Special Envoy Steve Witkoff since his latest meeting with Russian President Vladimir Putin last week. Moscow has failed to sign on to a broad cease-fire agreement…

South Korea will leverage shipbuilding capabilities and the potential to buy more U.S. LNG in upcoming talks on the tariffs next week, South Korea’s Foreign Minister Cho Tae-yul said on Thursday. The tariff on South Korea, which U.S. President Donald Trump announced on the so-called “liberation day” on April 2, was at 25%, lower than for some other Asian countries but much higher than a baseline 10% tariff. The so-called ‘reciprocal tariffs’ were suspended last week for 90 days, during which countries plan to plead…

South Korea will leverage shipbuilding capabilities and the potential to buy more U.S. LNG in upcoming talks on the tariffs next week, South Korea’s Foreign Minister Cho Tae-yul said on Thursday. The tariff on South Korea, which U.S. President Donald Trump announced on the so-called “liberation day” on April 2, was at 25%, lower than for some other Asian countries but much higher than a baseline 10% tariff. The so-called ‘reciprocal tariffs’ were suspended last week for 90 days, during which countries plan to plead…

South Korea will leverage shipbuilding capabilities and the potential to buy more U.S. LNG in upcoming talks on the tariffs next week, South Korea’s Foreign Minister Cho Tae-yul said on Thursday. The tariff on South Korea, which U.S. President Donald Trump announced on the so-called “liberation day” on April 2, was at 25%, lower than for some other Asian countries but much higher than a baseline 10% tariff. The so-called ‘reciprocal tariffs’ were suspended last week for 90 days, during which countries plan to plead…

South Korea will leverage shipbuilding capabilities and the potential to buy more U.S. LNG in upcoming talks on the tariffs next week, South Korea’s Foreign Minister Cho Tae-yul said on Thursday. The tariff on South Korea, which U.S. President Donald Trump announced on the so-called “liberation day” on April 2, was at 25%, lower than for some other Asian countries but much higher than a baseline 10% tariff. The so-called ‘reciprocal tariffs’ were suspended last week for 90 days, during which countries plan to plead…

For years, BP has been tipped as a potential target of the next mega-merger deal in the oil industry. Speculation about a blockbuster acquisition involving BP resurfaced again this year after activist hedge fund Elliott bought nearly 5% in the UK-based supermajor and demanded changes, big and fast. BP’s shares have underperformed the stocks of the other four of the Big Oil group – Shell, TotalEnergies, ExxonMobil, and Chevron – ever since 2020. Neither former BP CEO Bernard Looney, with the push toward renewables, nor his successor…

BP said on Thursday it had safely loaded the first LNG cargo for export from Phase 1 of its Greater Tortue Ahmeyim project offshore Mauritania and Senegal as the UK supermajor continues to bring major projects on stream. First gas from the project was announced early this year. Now, the export of the first loaded LNG cargo from the project offshore West Africa will make Mauritania and Senegal LNG-exporting nations, contributing to global LNG supply. Phase 1 at Greater Tortue Ahmeyim (GTA) is set to produce around 2.3 million tons of LNG per year…

BP said on Thursday it had safely loaded the first LNG cargo for export from Phase 1 of its Greater Tortue Ahmeyim project offshore Mauritania and Senegal as the UK supermajor continues to bring major projects on stream. First gas from the project was announced early this year. Now, the export of the first loaded LNG cargo from the project offshore West Africa will make Mauritania and Senegal LNG-exporting nations, contributing to global LNG supply. Phase 1 at Greater Tortue Ahmeyim (GTA) is set to produce around 2.3 million tons of LNG per year…

South Korea will leverage shipbuilding capabilities and the potential to buy more U.S. LNG in upcoming talks on the tariffs next week, South Korea’s Foreign Minister Cho Tae-yul said on Thursday. The tariff on South Korea, which U.S. President Donald Trump announced on the so-called “liberation day” on April 2, was at 25%, lower than for some other Asian countries but much higher than a baseline 10% tariff. The so-called ‘reciprocal tariffs’ were suspended last week for 90 days, during which countries plan to plead…

Motiva Enterprises has finally restarted a gasoline-producing unit at its huge Port Arthur refinery in Texas, following several attempts at a restart in recent weeks after an overhaul. Motiva Enterprises, the owner of the second biggest refinery in the United States, has restarted operations at the gasoline-producing fluidic catalytic cracker (FCC) at Port Arthur, sources with knowledge of the plant’s operations told Reuters this week. The refinery’s FCC, which typically converts gas oil into unfinished gasoline, has a capacity of 81,000…

Motiva Enterprises has finally restarted a gasoline-producing unit at its huge Port Arthur refinery in Texas, following several attempts at a restart in recent weeks after an overhaul. Motiva Enterprises, the owner of the second biggest refinery in the United States, has restarted operations at the gasoline-producing fluidic catalytic cracker (FCC) at Port Arthur, sources with knowledge of the plant’s operations told Reuters this week. The refinery’s FCC, which typically converts gas oil into unfinished gasoline, has a capacity of 81,000…

Motiva Enterprises has finally restarted a gasoline-producing unit at its huge Port Arthur refinery in Texas, following several attempts at a restart in recent weeks after an overhaul. Motiva Enterprises, the owner of the second biggest refinery in the United States, has restarted operations at the gasoline-producing fluidic catalytic cracker (FCC) at Port Arthur, sources with knowledge of the plant’s operations told Reuters this week. The refinery’s FCC, which typically converts gas oil into unfinished gasoline, has a capacity of 81,000…

China has put an abrupt stop to a Russian proposal to export added volumes of natural gas eastward via Kazakhstan, deepening the financial woes of the erstwhile Russian energy behemoth, Gazprom. The Russian state-controlled entity, once a critical foreign policy instrument of the Kremlin, has been forced to abandon projects in Central Asia and Latin America recently due to a lack of fiscal muscle. Gazprom has been urgently looking east to add export volume after the dramatic loss of market share in Europe. One idea promoted by Gazprom representatives…