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Advanced battery materials specialist Vianode and Fortum Battery Recycling have signed an MoU to develop a sustainable value chain for EV battery materials. The partnership targets scalable graphite recovery, enabling low-carbon anode production. The recycled graphite will be assessed and optimised to meet the performance demands of next-generation battery applications. This includes enhancing its suitability for Vianode’s commercial-scale production lines, which are being developed to serve the growing demand from European and North American cell manufacturers. Vianode, which recently introduced its first recycled battery-grade graphite product, views the partnership as a vital step in achieving its goal of producing anode materials…
Independent Petroleum Association of America (IPAA) President & CEO Jeff Eshelman issued the following statement congratulating Katharine MacGregor for her Senate confirmation to be the Deputy Secretary of the Department of Interior by a vote of 53-40: “The Trump Administration continues to fill important positions within the federal government with outstanding professionals who are committed to increasing American energy dominance,” said Eshelman. “Kate MacGregor is a valuable addition to Secretary Burgum’s team at the Department of the Interior and IPAA looks forward to working with her on various issues facing our members that operate on onshore and offshore…
By Tsvetana Paraskova – May 15, 2025, 4:44 AM CDT Oil prices decreased sharply following comments from President Trump indicating the U.S. is close to a nuclear deal with Iran. Iran’s officials have suggested they would consider abandoning uranium enrichment if the United States lifts economic sanctions. Recent reports of a U.S. crude oil inventory build further contributed to the downward pressure on oil prices. Oil prices dipped by 4% early on Thursday after U.S. President Donald Trump said the United States were close to a nuclear deal with Iran, while a top Iranian officials hinted at Tehran abandoning…
Asia’s imports of refined petroleum products plunged in April to the lowest level since 2020, due to higher spring refinery maintenance at key fuel exporters in the region and softer demand for gasoline and diesel.Asia’s imports of light and middle distillates slumped to 166.37 million barrels in April, down from 195.54 million barrels in March, according to data from commodity analysts Kpler cited by Reuters commodity columnist Clyde Russell. Major fuel exporters in Asia, such as India, China, and Singapore, all saw falling fuel shipments last month. The drop was especially pronounced in India, the biggest fuel exporter in Asia, whose…
The Persian Gulf Star gas condensate refinery in Bandar Abbas, Iran, on Jan. 9, 2019.Ali Mohammadi | Bloomberg | Getty ImagesOil prices fell sharply on Thursday on expectations that the U.S. and Iran may soon reach a deal over Tehran’s nuclear program.International benchmark Brent crude futures with July expiry were last seen trading 3.6% lower at $63.67 a barrel, while U.S. West Texas Intermediate futures stood at $60.64, down 4% for the session.Speaking in Doha, Qatar during his Middle East trip, U.S. President Donald Trump said the U.S. was getting close to securing a nuclear deal with Iran.”We’re in very…
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldOil prices dropped more than 3 per cent on Thursday after Donald Trump suggested his administration was making progress in its indirect talks with Iran to reach a deal to curb the Islamic republic’s nuclear programme. Prices for Brent crude, the international benchmark, slid by 3.7 per cent to $63.64 after the US president said Washington was in “serious negotiations” with Iran. “We’re in very serious negotiations with Iran for long-term peace,” Trump said in Doha, the second leg of…
Saudi Arabian Oil Co. (Aramco) on Thursday announced agreements and memorandums of understanding (MOUs) with United States companies spanning its operations from refining and liquefied natural gas (LNG) to artificial intelligence. The 34 deals have a potential value of about $90 billion, the state-owned oil giant said in an online statement. Earlier the White House announced $600 billion in committed investments from Saudi companies and a $142 billion agreement for U.S. arms sales to the kingdom – signed during President Donald Trump’s visit. “Our US-related activities have evolved over the decades, and now include multi-disciplinary R&D [research and development], the Motiva…
The pilot plant was established to conduct research and development for CO2 capture technologies using flue gas from gas turbines at the power plants. The plant has a capture capacity of approximately five tons per day, and through demonstration of innovative CO2 capture technologies for the next generation, will strengthen the competitiveness of the CCUS business. MHI has been researching and developing innovative CO2 capture technologies in collaboration with KEPCO since 1990. The operation of this new plant will strengthen that R&D structure, and enable demonstration tests using state-of-the-art equipment. In 2022, MHI announced an alliance with ExxonMobil, which enables…
Brazil’s Petrobras plans to return to Nigeria’s oil industry, to focus on deepwater exploration, Nigeria media have reported, citing a senior government official.“We have not maximally capitalised on the fraternity between us and Brazil, but it is better late than never. The upcoming SDM [Strategic Dialogue Mechanism] presents an opportunity to execute sector-specific Memoranda of Understanding (MOUs) and unlock investment flows,” Stanley Knwocha, a senior assistant with Nigeria’s vice president’s office, told Business Day.“Petrobras is no longer active in Nigeria, but they are very keen on coming back to Nigeria. They said they want frontier acreage in deep waters,” Nigeria’s…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Italian energy major Eni said it was in exclusive talks to sell 20 per cent of Plenitude, its renewable power and electric vehicle charging business, to Ares Management in a deal that would give the unit an enterprise value of more than €12bn. While other oil majors have been pulling back from low-carbon investment, the potential deal highlights Eni’s ability to extract value by bundling together its green investments together with cash generative assets and then selling stakes to private equity firms. Plenitude plans…