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Ecopetrol Purchases Enel Wind Power Project for $50m
Colombian state oil firm Ecopetrol said on Monday it has purchased a wind power project in the northern province of La Guajira from Enel for $50 million.The Windpeshi project will have a capacity of 205 megawatts (MW), which will be added to Ecopetrol Group's self-consumption energy portfolio…
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Saudi Aramco Discusses LNG Purchase to Support Commonwealth LNG's Market Growth
Oil giant Saudi Aramco is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company's proposed facility in Cameron, Louisiana, as it seeks to strengthen its position in the market for the superchilled fuel, four people told Reuters on Wednesday.The talks are for 2 million tons per annum (mtpa)…
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Venture Global to Supply Additional LNG to SEFE Energy From Calcasieu Pass 2
Venture Global will supply an additional 0.75 million tonnes per annum of liquefied natural gas to Germany-based distributor SEFE Energy GmbH, the two companies said on Wednesday.Shares of the U.S.
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European Commission to Propose Floating Price Cap on Russian Oil
The European Commission is expected to propose a floating Russian oil price cap this week as part of a new draft sanctions package in an attempt to overcome opposition from some member states, four EU diplomats said.The Commission proposed lowering the Group of Seven (G7) nations'…
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Canada's New LNG Exports Have Yet to Lift Gas Prices
Last month's start-up of LNG Canada, the country's first large-scale liquefied natural gas export facility, has failed to lift Western Canadian natural gas prices as quickly as some market participants and observers expected, due to a persistent supply glut and the gradual pace of…
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Britain's FTSE 100 closes record, boosted by miners
Investors ignored the latest U.S. threats of tariffs and focused on negotiations, resulting in a record-breaking FTSE 100 closing on Thursday.
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Gold Reserve, a bidder for Citgo, is happy with the refinery's management
Gold Reserve executives said that they were pleased with Citgo Petroleum management's performance on Thursday. This could…
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Temasek invests $7.8 billion in Europe last year and sees new opportunities.
Singapore's Temasek state investor sees increasing investment opportunities in Europe, as trade tensions have a positive…
Latest news
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SEFE signs 3-year contract with ADNOC for LNG supply
SEFE, a German company, has signed a deal with ADNOC of the United Arab Emirates for liquefied gas. Deliveries are expected to start in 2025.
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Russell: Trump's tariffs on copper won't boost US production, but will increase costs
The proposed 50% tariff on imported copper may be the most embarrassing own goal in the ongoing trade war between the United…
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Palm oil prices fall on increasing June stocks
Malaysian palm futures dropped on Thursday, ending three sessions of gains. Inventory in the second largest palm oil exporter…
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EUROPE GAS-Dutch gas prices and British gas rates range-bound due to strong supply and warm weather
Due to a strong supply of gas and a warm weather forecast, Dutch and British wholesale prices for gas were slightly higher on Thursday morning.
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Spot prices are lowered by a combination of wind power, nuclear energy and a shaky demand.
The European wholesale electricity prices fell on Thursday due to lower demand and higher wind generation, particularly in Germany.
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UK rejects zonal energy pricing
The British government is not moving to a zoned system of wholesale energy prices, but will instead try to gain greater control…
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Europe looks to Nordic Space Race to reduce US dependence
Two small spaceports located in the far north of Sweden, Norway and Finland are rushing to launch the very first satellites launched from Europe.
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Masdar and Iberdrola, both from the UAE, invest in a 1.4 gigawatt UK wind farm
Masdar, Abu Dhabi's renewable energy company owned by the government and Iberdola of Spain will invest together in a 1.4 Gigawatt (GW)…
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Palm oil prices rise for the fourth consecutive session as stronger competitors gain ground
Investors analyzed data from the Malaysia Palm Oil Board to determine whether or not they should buy futures of palm oil in Malaysia.
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Ember: Solar power tops EU energy mix for the first time in June
Data from the energy think tank Ember on Thursday showed that solar power became the largest source of electricity in the…
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Sources: Saudi Aramco and Commonwealth LNG in negotiations for an offtake agreement
Four people said that Saudi Aramco, the oil giant, is in discussions with Commonwealth LNG about buying liquefied gas from its proposed Cameron…
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Morocco builds data center powered by renewable energy
Morocco is planning to build a 500-megawatt data center powered by renewable energies to improve the security of data storage.
Offshore Oil & Gas
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As Wars Rage, Middle East's Waning Influence on World Oil Prices Exposed
The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental…
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Qatari Output at Gas Field Shared With Iran Is Steady
Qatar's gas production at the South Pars field is steady and supply is proceeding normally, it said on Tuesday, after the…
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Orsted Favors Increasing Investments in Taiwan, South Korea
Orsted, the world's biggest offshore wind developer, will increase investment in Taiwan and South Korea where it has already been awarded projects…
Shale Oil & Gas
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Ghana warns about power cuts as Eni, the Italian gas company, works to increase gas supply
The West African nation said that the Italian energy group Eni would temporarily suspend operations on Sunday at a Ghana…
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Venture Global will supply additional LNG from CP2 to German firm
Venture Global and SEFE Energy GmbH announced on Wednesday that they would supply 0.75 million additional tonnes of liquefied…
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BP sells 300 Dutch fuel stations to Catom
BP announced on Wednesday that it had agreed to sell 300 Dutch petrol stations in order to meet its goal of selling $20 billion…
LNG
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Saudi Aramco Discusses LNG Purchase to Support Commonwealth LNG's Market Growth
Oil giant Saudi Aramco is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company's proposed facility in Cameron…
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US LNG Exports Fall in June Amidst Maintenance
U.S. liquefied natural gas exports fell to their second lowest monthly level for the year in June, as maintenance work at…
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Pakistan Explores Selling Excess LNG
Pakistan is exploring ways to sell excess liquefied natural gas (LNG) cargoes amid a gas supply glut that could cost domestic…
Renewables
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Palm oil prices rise for the fourth consecutive session as stronger competitors gain ground
Investors analyzed data from the Malaysia Palm Oil Board to determine whether or not they should buy futures of palm oil in Malaysia.
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Ember: Solar power tops EU energy mix for the first time in June
Data from the energy think tank Ember on Thursday showed that solar power became the largest source of electricity in the…
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Morocco builds data center powered by renewable energy
Morocco is planning to build a 500-megawatt data center powered by renewable energies to improve the security of data storage.
