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Rio Grande Requests Extension to Build Texas Export Facilities
Rio Grande LNG has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to construct an export facility in Texas, according to a filing.The company requires the time to build certain project facilities and make the liquefied natural gas export plant at the Port of Brownsville available for service by November 2031…
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Gunvor, Delfin Midstream Sign LNG Supply Deal
Commodity trading house Gunvor has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with Delfin Midstream, it said in a statement on Wednesday.It is the second such deal between the two companies in two-and-a-half years. Delfin said in November 2023 it had entered into a long-term deal with Gunvor to supply 500…
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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal backed by its floating liquefied natural gas (FLNG) assets, three people familiar with the matter said.The contacts between Eni and the funds are at an early stage and there is no certainty that a de
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Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first such cargo crossed under an arrangement involving Iran and Pakistan, highlighting how cargoes are crossing the waterway on a case-by-case basis amid ongoing conflict risks.The vessel…
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Citgo refinery in Venezuela makes $157 million profit as it processes more crude oil
Citgo Petroleum, owned by Venezuela, reported a $157 million profit in its first quarter, compared to an $82 million loss…
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Russell: The Xi-Trump Summit could help the Iranian crude oil market.
What is the best outcome of the meeting between U.S. president Donald Trump and his Chinese counterpart Xi Jinping in the…
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China's Ming Yang plans to build a factory in Europe after UK wind turbines are snubbed
Ming Yang Smart Energy, a Chinese wind turbine manufacturer, is looking at European locations including Spain to build a new manufacturing facility.
Latest news
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The final day of talks to avoid a strike at Inpex’s Australia LNG Plant
The talks to avoid industrial action at Inpex’s Ichthys facility for liquefied natural gas in Australia are entering their 'final day' on Friday.
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Palm's biofuel allocation uncertainty in Indonesia has dropped to a 2-month low
Malaysian palm futures dropped to their lowest level in over two months on Thursday as the market was pressured by continued…
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Modi is likely to ask UAE for more energy during his short visit, according to sources
Three sources say that Indian Prime Minister Narendra Modi is expected to visit the United Arab Emirates on Friday for a brief trip.
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Palm slides due to uncertainty over biofuel allocation in Indonesia, export tax
Malaysian palm oil futures declined for a third consecutive session on Thursday. This was due to the continued uncertainty…
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Sinopec, a Chinese company, has a major reserve of ultra-deep shale gases.
Sinopec, the Chinese oil major, said it has?booked large?proven?reserves of gas in its ultra-deep Ziyang Dongfeng?shale gas?field.
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Last month, Japan's spot LNG contract was priced at $19.10/mmBtu.
According to the Japan Oil, Gas and Metals National Corporation, (STATE OWNED JOGMEC), the average contract 'price' for spot…
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Malaysia criticizes Norway's halt on missile exports, saying defense plans are at risk
Malaysia expressed its opposition on Thursday to Norway's surprise decision to revoke the export approvals of a naval strike…
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EagleRock, a land management company, raises $320 million through its US IPO
EagleRock, an American land and resource management firm that collects royalties and fees for oil and gas production in the…
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Cuba runs out of diesel fuel and fuel oil due to US oil blockade
Cuba's energy and mines minister announced on Wednesday that the island has run out of diesel, fuel oil and other fuels.
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US House passes bill to allow year-round sale of E15 fuel
The U.S. House of Representatives passed legislation Wednesday that would allow nationwide sales of gasoline containing 15%…
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Russell: The Xi-Trump Summit could help the Iranian crude oil market.
What is the best outcome of the meeting between U.S. president Donald Trump and his 'Chinese counterpart Xi Jinping in the…
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BP will meet with union leaders for Whiting refinery talks next week
BP and the United Steelworkers union announced on Wednesday that they will be meeting with 'union leaders' on Monday in order…
Shale Oil & Gas
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BP will meet with union leaders for Whiting refinery talks next week
BP and the United Steelworkers union announced on Wednesday that they will be meeting with 'union leaders' on Monday in order…
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Inpex, Japan's oil company, raises its full-year profit estimate as oil prices rise
Inpex, Japan's largest oil and gas exploration company, raised its net profit forecast for the full year on Wednesday. It…
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India completes $3.9 billion push to convert coal into gas in order to reduce import fuel dependence
Ashwini Vaishnaw, India's Information Minister, said that the?cabinet of India approved a scheme worth 375 billion rupees ($3.92 billion)…
LNG
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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal
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Gunvor, Delfin Midstream Sign LNG Supply Deal
Commodity trading house Gunvor has signed a long-term liquefied natural gas (LNG) sale and purchase agreement with Delfin Midstream…
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Rio Grande Requests Extension to Build Texas Export Facilities
Rio Grande LNG has sought a three-year extension from the U.S. Federal Energy Regulatory Commission to construct an export facility in Texas…
Renewables
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Sugar producers squeezed by higher prices for diesel and fertilizer
The cost of producing sugar has increased in Brazil and other major producers, according to the Datagro chief analyst. Plinio…
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Regulators warn of the risks associated with EU's increasing dependence on US gas
European energy regulators warned that the European Union's increasing reliance on U.S. natural gas poses risks, including…
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Palm demand slumps to two-month low
Malaysian palm futures dropped?to a 2-month low on Wednesday due to sluggish demand by key destination buyers. Benchmark…
