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India, UAE Sign $3b LNG Deal, Boost Trade and Defense Ties
India signed a $3 billion deal on Monday to buy liquefied natural gas from the United Arab Emirates, making it the UAE's top customer, as the leaders of both countries held talks to strengthen trade and defence ties.The agreement was signed during a very brief two-hour visit to India by…
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Trinidad's Atlantic LNG Project to Decommission Liquefaction Train
Trinidad and Tobago's flagship liquefied natural gas project, Atlantic LNG, will begin removing one of its liquefaction trains from operations in the last quarter this year, its director for capital projects, Michael Daniel, said on Tuesday.The project's shareholders, including Shell…
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Palmetto falls due to profit-taking; palmetto heads for weekly gains
Malaysian palm futures continued to lose money on Friday as investors took profits before the weekend. They also tracked declines in the Dalian…
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Union rejects Marathon's Contract Offer
United Steelworkers rejected a comprehensive offer from Marathon Petroleum during talks to create a national model agreement for U.S.
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US crude production still down by 500,000 barrels per day (bpd) from winter storm, according to consultancy estimates
According to Energy Aspects consultancy, around half a million barrels of crude oil per day or 0.5% of the global supply…
Latest news
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Origin Energy's Q2 APLNG revenues rise sequentially, Origin Energy raises the low end of its 2026 APLNG forecast.
Origin Energy, Australia, raised its 'lower end production forecast for 2026' of Australia Pacific LNG and reported a?10%?sequential…
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US natgas prices soar by 140% in the Arctic storm, increasing consumer costs
U.S. Natural Gas?Futures have jumped 140% in the last seven trading days. Cash gas and power prices also hit record highs this week…
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Source: US shale producers Coterra and Devon are in advanced merger talks.
Sources familiar with the matter said that Coterra Energy and Devon Energy, two U.S. producers of shale gas, could announce…
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Why is Elon Musk interested in putting AI data centers into space?
Musk's plans to launch satellite data centres into orbit could be given a boost by a proposed merger between Elon Musk's SpaceX, and xAI.
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California's top air regulator: Trump opposes tax credits and EV regulations, but California is accelerating work on them.
California's top air regulator announced that officials will meet with Detroit automakers to discuss the next phase in greenhouse…
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US lawmaker asks Vitol, Trafigura about Venezuela oil deals
The top Democrat of a U.S. House investigation committee asked Vitol 'and Trafigura on Thursday about any correspondence…
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Over the objections of the government, French Senate approves a proposal to allow oil exploration in overseas territories
The French Senate approved by a large majority a proposal on Thursday to allow oil and gas exploration within its overseas territories.
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US crude production returns to normal after winter storm's massive impact
U.S. crude oil production recovered on Thursday, after a winter storm ravaged the production. Losses peaked over the weekend…
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Geopolitics loom large over Big Oil earnings as investors seek Venezuela details
Exxon Mobil executives and Chevron executives will likely face more questions about their investment opportunities in Venezuela…
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Carlyle's energy investment list as it targets Lukoil assets valued at $22 billion
Analysts initially estimated that the Carlyle Group would acquire most of Lukoil’s foreign assets at $22 billion. The Office…
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EWE CEO: Germany's EWE will not participate in the first round of power plant tendering
The CEO of German utility EWE said that the company has no intention to participate in a upcoming tender in Europe's largest…
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Mozambique and TotalEnergies launch $20 billion LNG project
TotalEnergies and Mozambique agreed to restart construction of the French energy giant's $20 billion "liquefied natural gas"…
Shale Oil & Gas
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EWE CEO: Germany's EWE will not participate in the first round of power plant tendering
The CEO of German utility EWE said that the company has no intention to participate in a upcoming tender in Europe's largest…
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Mozambique and TotalEnergies launch $20 billion LNG project
TotalEnergies and Mozambique agreed to restart construction of the French energy giant's $20 billion "liquefied natural gas"…
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Geopolitics loom large over Big Oil earnings as investors seek Venezuela details
Exxon Mobil executives and Chevron executives will likely face more questions on their investment opportunities in Venezuela…
LNG
Renewables
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Carbon prices continue to fall amid investor selling
European carbon contracts continued to lose ground on Thursday, falling below the mid-December level due to new liquidations of speculative positions.
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Australia reaches new renewable milestone over 50%
The Australian Energy Market Operator (AEMO), a'statement made on Thursday,' said that Australia had achieved a clean energy…
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Palm prices rise on higher commodity prices and crude
Malaysian palm futures continued to rise for the fourth session in a row on Thursday. They were supported by a firming of…