Fire at Saudi Aramco's Jazan refinery extinguished
A fire at Saudi Aramco's Jazan refinery has been extinguished, according to Saudi authorities. The incident's cause and operational impact remain unclear.
economy
Energy
Western energy majors are expected to report combined record profits of $200 billion in 2022, driven by volatile oil and gas prices following Russia's Ukraine invasion, with strong earnings projected to continue into 2023.
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Coverage (729 articles)
Las petroleras europeas duplican beneficios hasta junio por tensiones en Oriente Próximo
Las seis mayores petroleras europeas registraron beneficios conjuntos de 44.300 millones de euros hasta junio, un 100% más interanual, impulsados por la subida del crudo Brent debido a tensiones geopolíticas en Irán y riesgos en el estrecho de Ormuz.
Researchers map charge trapping mechanism causing oil backflow in electrowetting displays
Researchers developed a charge trapping model to investigate oil backflow in electrowetting displays, finding that trapped charges increase linearly with driving time and voltage, degrading pixel performance and grayscale stability.
Searah adjudica contrato de 5 años a Destini Oil Services en Malasia
La empresa conjunta Searah (Eni-Petronas) ha formalizado un contrato de cinco años con Destini Oil Services para servicios de manipulación de tuberías en Malasia, iniciando operaciones el 1 de julio de 2026.
ECOnnect Energy instala tecnología flotante marina para GNL en Bahamas
ECOnnect Energy y New Providence Gas formalizaron un acuerdo para instalar tecnología flotante marina que importará gas natural licuado en New Providence, acelerando la transición energética insular.
Danube drought forces Romania to sink barges to keep nuclear reactor operational
Romania and Hungary face critical water shortages in the Danube River, forcing emergency measures to keep nuclear reactors operational amid record-low water levels during a European heat wave.
South Asia's Energy Crisis Opens Strategic Door for Canada
Shipping disruptions in the Strait of Hormuz since February 2026 have exposed South Asia's heavy dependence on Persian Gulf energy, forcing countries to implement demand suppression, diversify suppliers, and seek external financing to manage rising costs and currency pressures.
Cooke Digital Lens System Preserves Optical Intent Through VFX Pipeline
Cooke Optics launches Digital Lens System using /i Technology to preserve precise lens distortion data through post-production, enabling better collaboration between cinematography and VFX teams.
L&T Energy firma acuerdo EPC de 6 años con Petroleum Development Oman
L&T Energy Hydrocarbon Onshore firmó un acuerdo marco de ingeniería, adquisición y construcción con Petroleum Development Oman por seis años, posicionándose como una de cuatro empresas internacionales seleccionadas para proyectos prioritarios de hidrocarburos.
Iranian strikes hit Qatari LNG as Chinese vessels transit Red Sea unscathed
A second Qatari LNG carrier was struck by Iranian projectiles in the Strait of Hormuz on July 31, while 22 Chinese vessels transited the Red Sea unharmed during the same period when four Saudi tankers were attacked, revealing differential targeting patterns.
Allseas instalará sección submarina del gasoducto Prince Rupert en Columbia Británica
Allseas fue seleccionada para instalar 50 kilómetros de tubería submarina del gasoducto Prince Rupert, conectando gas natural canadiense con terminal flotante de exportación hacia mercados asiáticos en 2029.
Iran claims Strait of Hormuz shipping deal with Oman nears completion
Iran claims a shipping agreement with Oman for the Strait of Hormuz is in final stages, though the US and Oman have not confirmed. The temporary route would address disruptions affecting 20% of global oil and LNG trade.
SMR Promise Meets Reality: Nuclear's Smaller Future Faces Big Cost and Safety Questions
Small modular reactors (SMRs) are promoted as flexible, clean energy sources, but analysis reveals they would cost 2-8x more than solar/wind, arrive too late for 2050 climate targets, and create cumulative radiation risks requiring thousands of units worldwide.
Petroleras logran ganancias récord mientras conflicto en Irán dispara precios energéticos
Las grandes petroleras mundiales reportan ganancias históricas mientras el conflicto en Irán dispara los precios del petróleo y la gasolina, generando presión política sobre las compañías energéticas.
IA centraliza gestión de infracciones en flotas corporativas con Multabot
Multabot, plataforma argentina con IA, centraliza el monitoreo descentralizado de infracciones de tránsito para empresas de flotas, automatizando procesos que históricamente permanecían fragmentados entre organismos nacionales, provinciales y municipales.
LNG's biggest challenge shifts from supply to demand as geopolitical risks reshape market
The Strait of Hormuz crisis has shifted LNG's primary risk from supply scarcity to demand destruction, as geopolitical instability accelerates alternatives while massive new capacity comes online.
Eastern Europe's Nuclear Crisis: Danube Drought Forces Desperate Water Measures
Severe drought along the Danube River is forcing Romania and Hungary to take emergency measures to maintain nuclear power operations, with Romania blasting rock to divert water and Hungary facing potential reactor shutdowns.
ADNOC abandona Murban y adopta el índice Dubái para fijar precios de crudo
ADNOC reemplazará el contrato Murban por el índice Dubái a partir de noviembre de 2026, buscando mayor liquidez y estabilidad en la fijación de precios de sus crudos ante volatilidad geopolítica.
Cubans Seek Refuge on Beaches as Blackouts and Heat Grip Island
Cubans are sleeping on seaside boardwalks to escape prolonged blackouts and extreme summer heat, reflecting a deepening infrastructure and energy crisis affecting daily life across the island.
Trump demands oil giants cut gas prices, citing excess profits
Trump publicly criticized Exxon and Chevron for excessive profits during geopolitical tensions, demanding immediate reductions in US fuel prices.
Europe's Energy Crisis Deepens as Danube Drought Forces Drastic Measures
Southeastern Europe faces an energy crisis as record-low Danube water levels threaten hydroelectric and nuclear power plants, forcing Romania to detonate rocks to increase river flow during an intense heatwave.
Trump Demands Oil Giants Cut Profits, Lower Gas Prices
Trump publicly criticized Exxon and Chevron for excessive profits, demanding they lower gasoline prices. The comments reflect political pressure on energy companies amid broader economic concerns.
Cuba's power grid collapses again as US oil embargo deepens energy crisis
Cuba's entire electricity grid collapsed again, plunging 10 million people into darkness. The outage is the latest in a series caused by aging infrastructure and US-imposed fuel blockades.
Second Qatari LNG Carrier Hit as Chinese Vessels Navigate Red Sea Unscathed
A second Qatari LNG carrier was struck by Iranian projectiles in the Red Sea, while 22 Chinese vessels transited unharmed, revealing differential targeting patterns and expanding Iranian operations across three maritime theaters.