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Italy to Receive LNG From US Golden Pass Facility Starting June
Italy will begin receiving liquefied natural gas (LNG) from the Golden Pass LNG facility in the United States, a joint venture between QatarEnergy and Exxon Mobil, from June, two sources familiar with the matter told Reuters.The LNG tankers from the United States will help Italy plug…
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Novatek Establishes Company to Build Vessels, Floating Facilities Amid Global Tanker Shortage
Russia's largest producer of liquefied natural gas Novatek has set up a company to build its own vessels and floating facilities, according to the state's registry of authorised companies, amid a shortage of gas tankers due to sanctions.Ilya Lushchikov, who is also head of Novatek's Murmansk LNG project, is in charge of the new company, called Seve
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QatarEnergy Prepares to Restart LNG Production
QatarEnergy is preparing to restart liquefied natural gas (LNG) production, two sources with knowledge of the matter told Reuters on Wednesday.In March, QatarEnergy halted production of LNG and associated products due to military attacks on facilities in Ras Laffan and Mesaieed.The…
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Middle East Conflict Restricts Supply for European LNG Stock Refill
The escalating conflict in the Middle East due to the U.S.-Israeli war with Iran is tightening global liquefied natural gas (LNG) availability and constraining Europe's ability to refill storages which depleted to their lowest since 2022 over the summer, the European Network of Transmission System Operators for Gas (Entsog) said on Thursday.The con
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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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South Africa film sets ditch diesel in green energy shift
Netflix filmed the second season of "One Piece" at Cape Town. It was its largest production in Africa and first time using…
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Palm oil range bound, supported by crude and capped by Ringgit
Malaysian palm oil futures were rangebound Wednesday, following mixed movements in edible oils at Dalian, Chicago and Dalian…
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Climate records were broken in nearly all of Europe last year as temperatures soared above average.
Scientists from the EU and World Meteorological Organization reported that?2025 was a hotter than average year for?wildfires and sea temperatures…
Latest news
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Woodside Energy to review its business, and revenue will be affected by cyclone-related disruptions
Woodside Energy, Australia, announced a review of its operations to improve accountability and simplify the business. The…
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Expand Energy raises its annual production and capex forecasts due to higher natgas price
Expand Energy, the U.S. natural-gas producer, beat Wall Street's estimates for its first-quarter profits on Tuesday and increased…
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EDF delays its decision on Edison stake sales as Middle East conflict disrupts LNG supplies, sources say
Four people with knowledge of the situation said that the French utility EDF is delaying any decision on selling a stake…
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The biofuel boom in the US is a result of the war with Iran.
The soaring crude oil market has pushed soybean oil to its highest level in over a year. This is a boon for oilseed processing…
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Source: Eni hires JPMorgan to advise on potential cracking plant sales
Sources familiar with the matter claim that Eni, an Italian company, has hired JPMorgan to?advise on the sale of a cracking…
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What is OPEC+? How does it influence oil prices
On Tuesday, the United Arab Emirates (UAE), one of OPEC+’s largest producers, announced that it will be leaving the oil producers' coalition on May 1.
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Investor Kimmeridge urges Devon after Coterra merger to pursue asset sales
Kimmeridge urged Devon Energy's new incoming board on Tuesday to quickly pursue asset sales, improve the capital allocation…
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UAE withdraws from OPEC, a major blow to the global oil producers group
The United Arab Emirates announced on Tuesday that it would be leaving OPEC. This is a major blow to the group of oil producers…
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US Embassy says that US does not fund $100 million mineguard in Congo
The United States announced?on? Tuesday that it?is?not funding any security units?tasked?with policing and guarding mines?in…
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Camuzzi, Vitol sign MoU for Argentina's $3.9 billion LNG del Plata project
Camuzzi Gas Inversora signed a Memorandum of Understanding with?Vitol for Argentina's LNG Del?Plata Project, the?Argentine?firm announced?on?Monday.
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As the Iran War drives up prices, nations meet to discuss fossil-fuel exit.
This week, around 60 countries, including Brazil and Germany, Canada and Nigeria, will meet to discuss the phasing-out of fossil fuels.
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Shell buys Canada's ARC for $16.4 billion in a deal that boosts output
?Shell agreed to purchase Canadian 'energy company ARC Resources, in a deal worth?at least $16.4 bn, including debt. The…
Shale Oil & Gas
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Shell buys Canada's ARC for $16.4 billion in a deal that boosts output
?Shell agreed to purchase Canadian 'energy company ARC Resources, in a deal worth?at least $16.4 bn, including debt. The…
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Merz, a German journalist, says Iran humiliates the US when talks stagnate
In an abrupt and unusual rebuke of the conflict, German Chancellor Friedrich Merz stated on Monday that?Iran?s?leadership…
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As contracts are re-examined, companies dust off oil rigs that have been stored in Venezuela
Four sources said that oilfield service companies have started removing equipment and rigs from Venezuelan warehouses to be assembled and repaired.
LNG
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Middle East Conflict Restricts Supply for European LNG Stock Refill
The escalating conflict in the Middle East due to the U.S.-Israeli war with Iran is tightening global liquefied natural gas (LNG) availability and con
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QatarEnergy Prepares to Restart LNG Production
QatarEnergy is preparing to restart liquefied natural gas (LNG) production, two sources with knowledge of the matter told…
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Novatek Establishes Company to Build Vessels, Floating Facilities Amid Global Tanker Shortage
Russia's largest producer of liquefied natural gas Novatek has set up a company to build its own vessels and floating facilities, according to the sta
Renewables
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Palm prices fall on weak demand and rising production
Malaysian palm futures fell more than 1% Monday due to a sluggish market demand. At the close, the benchmark 'palm oil contract'…
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Palm prices slip on weak demand and rising production
Malaysian palm oil futures fell on Monday as prices were pressured by a sluggish demand from major markets and a rising production.
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Itau BBA targets 10% growth in Brazil's agribusiness as Iran war increases costs and biofuel demand
Itau BBA's agribusiness manager Pedro Fernandes said that the Iran War will increase fuel and fertilizer prices, while also…
