Latest Energy industry News

China's Sinopec signs agreement to enter retail fuel market in crisis-hit Sri Lanka

May. 22, 2023 22:12 PM EDT

COLOMBO, Sri Lanka (AP) — Chinese petroleum giant Sinopec signed an agreement with Sri Lanka on Monday to enter the South Asian island country's retail fuel market as it struggles to resolve a worsening energy crisis amid an unprecedented economic upheaval. The contract agreement...

Denmark hopes to pump some climate gas beneath the sea floor

Mar. 08, 2023 15:56 PM EST

COPENHAGEN, Denmark (AP) — Denmark pushed the button Wednesday on an ambitious project that aims to bury vast amounts of planet-heating carbon dioxide gas beneath the North Sea floor, in the hope that it can help the Nordic nation and others meet climate targets. An international...