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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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Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its revenue due to at least a doubling of logistics costs, industry sources and analysts told Reuters.The European Union plans to fully phase out Russian LNG imports…
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Equinor: Europe's gas reserves could be critical if Hormuz is closed for 1-3 months
Equinor executives said that Europe could face a critical shortage of gas stocks if the disruption in shipping through 'the…
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Sources say that despite the disruption caused by Hormuz, OPEC+ leaders are expected to increase their July oil production target.
Four sources have said that seven of the top OPEC+ oil producing?countries are likely to agree?to a'modest increase in July…
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The German Economy Minister's China visit will include CEOs from BASF and Thyssenkrupp
The firms have confirmed that top executives from BASF, Thyssenkrupp, and Siemens Energy are going to join German Economy…
Latest news
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Devon buys prime Delaware Basin land for $2.6 billion following Coterra merger
Shale producer Devon Energy announced on Thursday that it had acquired 16,300 acres of 'net undeveloped land' in the Delaware Basin, New Mexico.
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Petronas executive says that Indonesia and Malaysia have approved the transfer of assets to the new Eni-Petronas joint venture.
A Petronas executive announced on Thursday that the Indonesian and Malaysian government?approved the change of ownership…
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Aiyengar, a JPMorgan analyst, sees global companies turning to China in the face of volatility
Anu 'Aiyengar, JPMorgan Global Chair of Investment Banking, said that global companies are more eager to partner with innovative…
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Afentra plans to drill exploration wells in Angola before 2027
Afentra's CEO announced on Thursday that the company is pursuing onshore and offshore exploration to increase production in Angola.
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Palm oil drops by over 2% due to weak crude demand and exports.
Malaysian palm oil futures closed Thursday more than 2% lower, continuing losses for a second session. Weak crude oil prices…
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Aiyengar, a JPMorgan analyst, believes that global firms are turning to China as a refuge amid global volatility.
Anu Aiyengar, JPMorgan’s Global Chair of Investment Banking, said that global?companies were increasingly keen to partner…
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The stock markets are still advancing. Helen Jewell gives three reasons why it's worth investing in stocks.
The Middle East conflict has forced oil prices to rise above $100 per barrel, inflamed inflation, slowed growth, and pushed…
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The Australian far-right party proposes a state oil company and oil fund similar to Norway
One Nation, the Australian populist group led by Pauline Hanson, said it wanted to create an offshore production licenses…
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Palm drops more than 1% due to weak export demand and soyoil.
Malaysian palm futures declined more than 1% on Friday, continuing losses for a second straight session. The market was pressured…
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Report shows that US energy storage added in the first quarter hit a record.
A report on Thursday showed that U.S. energy developers installed 9,7 gigawatt hours of new capacity during the first quarter of 2026.
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Saudi Arabia will burn more oil to generate electricity this summer, as gas production falls
Analysts say that Saudi Arabia will burn more fuel oil imported for power generation in the summer due to a lack of natural…
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US oil and Gas Auction for New Mexico Leases Draws Record $4 Billion in Bids
Interior Department reported on Wednesday that a Trump administration auction of drilling rights for oil and gas on federal…
Shale Oil & Gas
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US oil and Gas Auction for New Mexico Leases Draws Record $4 Billion in Bids
Interior Department reported on Wednesday that a Trump administration auction of drilling rights for oil and gas on federal…
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The largest US grid paid a record $1 billion in Q1 to power plants that lost money.
According to data from the. The'so-called 'uplift payments' by PJM interconnection, which cover a populated region from Washington D.C.
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Trafigura CEO: Europe's smelters require long-term protection of prices
Trafigura CEO Richard Holtum said that European smelters require "life support", such as price floor protection or long-term price protection…
LNG
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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…
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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…
Renewables
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Colombia completes the exploratory phase for Ecopetrol's geothermal project
The Colombian environment ministry announced a decision on Wednesday to approve the environmental viability of an exploratory…
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Poland to tax oil companies for windfall profits in order to reduce fuel prices
Poland's State Secretary for Energy said on Wednesday that it will propose next week a windfall levy on the profits of 'oil…
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Palm prices flatten as weak exports offset supply concerns from Indonesia
Malaysian palm oils futures were little changed on Wednesday as weak export data offset concerns that Indonesia's plans to…
