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ExxonMobil Considers Sale of European Chemical Plants, FT Reports

ExxonMobil Considers Sale of European Chemical Plants, FT Reports

ExxonMobil is seeking to offload its European chemical plants in the UK and Belgium as the sector reels from the impact of U.S. tariffs and competition from China, the Financial Times reported on Thursday, citing people familiar with the matter

Shell Scraps Plans for Biofuels Facility in Rotterdam

Shell Scraps Plans for Biofuels Facility in Rotterdam

Shell will not resume construction of a biofuels facility at its Shell Energy and Chemicals Park in Rotterdam after an in-depth evaluation found it would not be competitive, the company said on Wednesday. The project's construction was paused in 

Syria Exports First Crude Oil Shipment in 14 Years, Official Says

Syria Exports First Crude Oil Shipment in 14 Years, Official Says

Syria exported 600,000 barrels of heavy crude oil on Monday from the port of Tartus as part of a deal with a trading firm, a Syrian energy official told Reuters, the first known official export of Syrian oil in 14 years

Brazil Makes Formal Request to Become IEA Member Country

Brazil Makes Formal Request to Become IEA Member Country

Letter from Ministers of Foreign Affairs and of Mines and Energy to IEA Executive Director highlights the strong value the Agency provides to its Members. The government of Brazil has made a formal request to become a full Member 

Croatia’s FSRU Heads to Türkiye for Regasification Capacity Upgrade

Croatia’s FSRU Heads to Türkiye for Regasification Capacity Upgrade

The floating storage regasification unit (FSRU) serving Croatia’s liquefied natural gas (LNG) terminal at the island of Krk has left for Türkiye, where its capacity is set to get a boost thanks to the installation of an additional component

EU Mulls 10-Year Tax Holiday for Jet and Shipping Fuels, Draft Shows

EU Mulls 10-Year Tax Holiday for Jet and Shipping Fuels, Draft Shows

European Union countries are considering a 10-year delay to the introduction of EU-wide taxes on aviation and shipping fuels as they seek to push long-delayed energy tax reforms over the line, a draft document seen by Reuters showed.

Solar Dominates Romania’s Second Cfd Auction

Solar Dominates Romania’s Second Cfd Auction

A total of 2.7 GW was allocated as solar bids dropped to €35/MWh. VLP supported seven winners in a round that underscored strong investor appetite. Romania’s renewable energy market is gaining strong momentum. 

Turkish Renewables Firm to Drill for Geothermal Lithium

Turkish Renewables Firm to Drill for Geothermal Lithium

Margün Energy intends to search for lithium in geothermal water in Seferihisar in western Turkey, where it took over a 12 MW geothermal power plant. It also launched a project to add a photovoltaic unit of 5.4 MW to the existing facility and create a hybrid power plant

London Listing Switch Poised to Give Metlen a FTSE 100 Spot

London Listing Switch Poised to Give Metlen a FTSE 100 Spot

Less than a month after listing its shares in London, Metlen Energy and Metals Plc is on the verge of gaining a place in the UK’s blue-chip stocks benchmark. The company, whose business includes renewable energy, natural gas trading and aluminum production, will be

Exxon Sees Natural Gas Demand Surging in Outlook to 2050

Exxon Sees Natural Gas Demand Surging in Outlook to 2050

Global demand for natural gas will rise more than 20% by 2050 from last year's level, as it displaces coal to power industries and meet higher electricity use in developing countries, Exxon Mobil said on Thursday in an annual outlook

Insa Oil Building Bulgaria’s First Bioethanol Plant

Insa Oil Building Bulgaria’s First Bioethanol Plant

Bulgarian oil company Insa Oil plans to finish its bioethanol plant by the end of 2026. The company claims the plant under construction will be the country’s first to produce renewable fuel from biomass