News

OPAL Fuels Posts Higher Annual Revenue

March 19, 2025

The company said it has begun operations at three landfill renewable natural gas (RNG) projects: Prince William, Sapphire, and Polk, which have a total annual design capacity of 3.6 million British thermal units (MMBtu). This brings the annual design capacity of OPAL Fuels’ operational RNG projects to 8.8 MMBtu by the end of 2024. When including projects that are currently under construction, the total annual design capacity rises to 11.4 MMBtu.

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Sembcorp Is Said to Conduct Strategic Review of Business

March 19, 2025

Past restructurings include Covid-hit Sembcorp Marine’s demerger in 2020. Sembcorp Industries’ chief executive officer at the time said the move would help it focus on the energy and urban sectors. Sembcorp Industries also completed divestments in Chile, China and Panama that year. In 2024, it announced the sale of Sembcorp Environment Pte for S$405 million.

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GE Vernova Shortlisted for Supply of Geothermal Power to US Military

March 19, 2025

“‘Next-generation’ technologies have the potential to engineer effective geothermal resources in commonly found environments, vastly expanding resource availability and potential commercial adoption”, said the DOE’s next-generation geothermal “Liftoff” report last year. “Although a nascent industry, next-generation geothermal enjoys several starting advantages, including transferrable technology, supply chains, and workforces from the oil & gas sector, that will help it achieve rapid scale.

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Russia Agrees to 30-Day Suspension of Energy Infrastructure Attacks

March 19, 2025

The commitment was made during Putin’s two-and-a-half-hour phone call with President Trump during which the two discussed the next steps in the Ukraine war. A full 30-day ceasefire, as originally proposed by the U.S. side, was rejected by Russia, which sees it as a means of giving the Ukrainian army a break to rearm. One of Russia’s conditions for a peace agreement is the suspension of all U.S. military aid to the Kyiv government.

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Crude Oil Inventory Increase Offset by Continued Product Inventory Declines

March 19, 2025

Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) climbed 0.3 million barrels again to 395.9 million barrels in the week ending March 14. Inventory levels in the SPR are hundreds of millions shy of the levels in inventory prior to the SPR withdrawal that took place under the Biden Administration.

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Kazakhstan’s OPEC+ Problem Just Cost the Oil Minister His Job

March 19, 2025

Kazakhstan has once again found itself on the wrong side of OPEC+ production targets, and this time, it seems to have cost the oil minister his job. The country has been pumping oil as if the quotas didn’t exist, hitting record production levels at 1.767 million barrels per day in February (with the help of Chevron)—a cool 300,000 barrels over its quota.

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The Ghana Upstream Petroleum Chamber is a non-profit upstream petroleum organisation which aims to achieve long term success of the upstream petroleum industry in Ghana.

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