Terra-Gen, one of the largest independent, integrated renewable energy producers in the US, jointly owned by Masdar and Igneo Infrastructure Partners, announced the commissioning of the Monte Cristo I Windpower Project.
US direct investment in Dubai reached AED14.3 billion ($3.89 billion) in the first half of 2025, which is double of the total US investment in the emirate during 2024, Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, has said.
Topsoe, a provider of advanced technology and solutions for the energy transition, has been selected to deliver three of its advanced technologies, as well as catalysts and equipment, for NXTClean Fuels’ Port Westward project in Clatskanie, Oregon.
Two Indian refiners have purchased 5 million barrels of crude oil from spot markets, seeking alternatives to Russian supplies. Hindustan Petroleum acquired 2 million barrels each of US West Texas Intermediate and Abu Dhabi's Murban crude, while Mangalore Refinery and Petrochemicals bought 1 million barrels of Basra Medium crude.
The US Energy Information Administration (EIA) forecasts in its October Short-Term Energy Outlook (STEO) that US crude oil production will average 13.5 million barrels per day (mmb/d) in both 2025 and 2026, both slightly higher than the agency’s September forecast.
Oil prices rose on Monday (October 5), supported by renewed concerns over potential disruptions to crude supplies from the Middle East. Brent crude futures gained 81 cents, or 0.79 per cent, to reach $103.06 a barrel by 2202 GMT.
Samsung E&A has announced that its US office, Samsung E&A America, signed a $475 million (Engineering, Procurement, and Fabrication (EPF) contract for the US Wabash Low-Carbon Ammonia Project with Wabash Valley Resources.
Global airfreight tonnage and pricing diverged, as chargeable weight fell 4% from the prior week, sinking in all but one sector, whereas pricing rose across the board except from North America. Tonnages shrank week on week out of Asia Pacific and Middle East to US, said a report.
Hitachi signed a Memorandum of Understanding (MoU) with the US Department of Commerce to enhance energy infrastructure for data centres and promote sustainable AI growth.
he pace of capacity additions for US biofuel production slowed in 2024, with production capacity increasing by a modest 3 per cent from the start of 2024 to the start of 2025, according to US Energy Information Administration (EIA) latest biofuels production capacity reports.
