The highly anticipated deployment of 4,000 compressed natural gas (CNG) trucks at the Dangote Petroleum Refinery has been stalled, with only 450 vehicles delivered so far due to shipping bottlenecks from China. A top Dangote Group official, speaking to reporters on condition of anonymity, confirmed the setback. “There are not enough ships coming from China...
Category: International
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Volkswagen Delivers The 1.5 millionth All-Electric ID. Mode
lThe Volkswagen brand has reached a significant milestone in its transformation to electromobility. In the presence of the Minister President of Lower Saxony Olaf Lies, the 1.5 millionth vehicle worldwide from the all-electric ID. family was today handed over to a customer at the Volkswagen plant in Emden.The anniversary vehicle is a black ID.7 Tourer...
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Japanese billionaire set to take delivery of hydrogen-powered superyacht that outclasses Bill Gates’
A very lucky Japanese billionaire is set to take delivery of a hydrogen-powered superyacht that outclasses even one owned by Bill Gates. Yusaku Maezawa, known for founding fashion giant Zozotown is about to take delivery of a superyacht that is unlike anything else found on water. Project Cosmos is the latest Lürssen project set to...
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ASEC Urges Africa to Accelerate Gas and Renewable Projects Amid Shifting Global Energy Demand
The Africa Sustainable Energy Centre (ASEC) has projected fresh investment opportunities for African gas projects as global demand patterns evolve. The call comes as fourth-quarter LNG exports are expected to decline by nearly 50%, creating new urgency for Africa to strengthen its role in the international gas market. ASEC notes that Europe sees African gas...
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Russia appears to open door for potential Exxon return to Sakhalin-1 project.
Russia’s president Putin has signed a decree to allow foreign investors, including Exxon Mobil (NYSE:XOM), to regain shares in the Sakhalin-1 oil and gas project, Reuters reported Friday. The signing occurred on the same day that Putin met President Trump in Alaska to discuss a potential ceasefire in Ukraine, and possibly on opportunities for investment...
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Bill Gates’ $500M Hydrogen-Powered Superyacht Redefines Luxury and Sustainability
Bill Gates’ latest superyacht, Breakthrough, is more than a billionaire’s playground it is a bold statement in clean-energy innovation at sea. Valued at over $500 million, the 118.8-meter vessel runs on liquid hydrogen stored at –423°F, enabling silent, emission-free cruising while generating enough power to run 30 of the Microsoft co-founder’s 66,000-square-foot mansions simultaneously. Built...
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Republicans who backed Trump’s anti-environment bill have accepted over $105m from big oil
The Republican lawmakers who voted for Donald Trump’s anti-environment tax and spending bill have accepted more than $105m in political donations from the fossil fuel industry, a new analysis has found, raising concerns about their relationship with big oil.Signed into law last month, the One Big Beautiful Bill Act includes billions of dollars in giveaways...
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Russia’s Fuel Exports Plummeted in July
Russian seaborne fuel exports fell by 6.6% in July, primarily due to increased domestic demand and planned refinery maintenance. Recent Ukrainian drone strikes have damaged several Russian refineries, forcing them offline and potentially leading to a further decline in refined product shipments in August.The disruptions to refineries are expected to increase Russia’s crude oil exports...
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Venture Global wins LNG arbitration dispute against Shell(Bloomberg) –
Venture Global Inc., one of the largest U.S. exporters of liquefied natural gas, has prevailed over oil giant Shell Plc in an arbitration case over the sale of cargoes from its first export plant, capping a two-year fight.The Virginia-based company welcomed the favorable tribunal ruling in a statement Tuesday and said the decision reaffirmed the...
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Global oil markets will face record surplus in 2026, says IEA
(Bloomberg) – Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said. Oil inventories will accumulate at a rate of 2.96 million bpd, surpassing even the average buildup during the pandemic year of 2020, data from the IEA’s monthly report showed....