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Abu Dhabi Investment Authority (ADIA) has purchased a 5.1% stake valued $615 million in Cheniere Energy Inc., America’s largest exporter of liquefied natural gas (LNG). The country’s main sovereign wealth fund disclosed its holding in a filing dated September 14. It is now Cheniere’s fourth-largest shareholder, Bloomberg reported Wednesday. The Trump administration views LNG exports […]
Guangzhou Produces First Sulphur Marine Fuel state-owned oil firm Sinopec has confirmed that its Guangzhou refinery has started producing very low sulphur fuel (VLSFO) for the shipping market. Reuters reported that a 1,600-tonne cargo was Guangzhou refinery’s first batch of VLSFO production, delivered to a vessel at Sinopec fuel Sales Co via pipeline. Sinopec said […]
Vizag : A gas leak From LGP kills 10 people to this point and a number of others have fallen ill. The chemical plant has vinylbenzene leaked from the plant as employees were getting ready to restart operations once remaining shut throughout the imprisonment. Reports explicit that individuals in a very 3-km radius complained of […]
In a post-pandemic world, renewable energy is the only way forward. While some may still think that what is objectively and scientifically proven is still up for debate, one of the greatest achievements of the fossil fuel industry. It is not. It is a great threat to human life. Pollution affects us all. It is […]
Global oil prices remain on edge after Saudi Arabia and Russia postponed a meeting about a deal to cut output as the virus pandemic hits demand. The two countries have been locked in an oil price war for the last month. Traders are concerned that, with large parts of the world in lockdown, there will […]
Oil prices jump after Iran attacks bases housing US troops that sparked fears of all-out war between Iran and America. US crude was last up more than 1.2% to over $63 a barrel, coming down slightly from a 4% spike earlier. Brent crude, a global oil benchmark, was last up 1.6% to about $69 a […]
