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BP withdraws from Bay du Nord oil projects, leaving Equinor the sole owner
BP and Equinor have agreed to sell their stakes in the Bay du Nord oil project off the coast of Canada. The British energy giant is now focusing on opportunities with higher returns. Equinor, a Norwegian company, will acquire BP's 37.2% share of Bay 'du Nord under the agreement. The companies did not disclose financial details.
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Germany to introduce investor-friendly reforms in gas power stations
According to a draft document that will be presented to the German parliament on Thursday, the governing coalition in Germany has agreed to reforms to encourage?the construction of gas power stations? and attract investment. The conservatives of Chancellor Friedrich Merz and their…
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Axios: Iran fires missiles against commercial ships in Strait of Hormuz
Axios, citing two U.S. government officials, reported that Iran's Revolutionary Guards fired at least 2 missiles on commercial ships passing through the Strait of Hormuz Monday night. The report cited a U.S. government official as saying that two commercial ships sustained?significant damages but no casualties. The U.S.
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El Nino concerns and palm oil extends its gains over stronger rival oils
The market for Malaysian palm oils futures rose again on Tuesday as fears of production disruptions due to El Nino and firmer edible oils supported the market. By midday, the benchmark palm oil contract for September delivery at 'the Bursa Derivatives Exchange in Malaysia' had gained?21 Ringgit (0.46%) to 4,571 Ringgit ($1,122.54) per metric ton.
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US to build PAC-3 missile facility in Europe
A senior official from Washington said that the United States would establish a facility in Europe to maintain Lockheed Martin’s advanced PAC-3 air defence missile. Washington did not rule out producing the missile elsewhere. The U.S. spoke to reporters on the sidelines the NATO summit at Ankara.
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Draft shows that the EU's largest political group wants to reduce carbon market burden for industry
According to a draft of a position paper, the European Parliament's largest political group wants to reduce pressure on companies…
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El Nino is worried about the counter-firm ringgit as well as palm oil.
The price of Malaysian palm oils futures was little changed on the following session after rising in the prior session. This…
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Germany to build emergency gas reserves to boost energy security
The German Economy Ministry has confirmed an earlier report that it is preparing plans for a strategic gas reserve owned…
Latest news
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Source: US talks with Europe on co-production of missiles
Source: The U.S. and Germany are in discussions about establishing a co-production facility for Lockheed’s PAC-3 Patriot…
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Shell slightly raises its guidance for Q2 integrated production
Shell raised its guidance on Tuesday slightly for its 'integrated gas production' in the upcoming April-June quarter, but…
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Source: Germany to set aside up to EUR1.5bn for emergency gas reserves
A person with knowledge of the matter said that Germany's Economy Ministry was preparing?plans to establish a state-owned strategic gas reserve.
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Cafu says Brazil must learn how to play but supports Ancelotti's rebuilding
Brazil's World Cup wound is once again open and the only cure for Cafu will not be in tactics, systems, or another forensic?search?for scapegoats.
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Russia's oil & gas revenues up in June but down 22.7% for H1
The state tax on oil and gas in Russia, which represents around a fifth in the total budget, increased in June from 678.9…
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EUROPE GAS-EU Gas prices stable as market waits for progress on Iran talks
Dutch and British wholesale gas prices were unchanged on Friday morning, as the markets continue to wait and see what happens…
Shale Oil & Gas
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Total losses from the US-Iran War still trail 1979 Oil Shock
LONDON, 3 July - According to calculations based upon data from the International Energy Agency, OPEC, and the U.S. Department of Energy…
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Russia's oil & gas revenues up in June but down 22.7% for H1
The state tax on oil and gas in Russia, which represents around a fifth in the total budget, increased in June from 678.9…
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EUROPE GAS-EU Gas prices stable as market waits for progress on Iran talks
Dutch and British wholesale gas prices were unchanged on Friday morning, as the markets continue to wait and see what happens…
LNG
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QatarEnergy Plans to Restart LNG Output
QatarEnergy is ready to resume liquefied natural gas production at its Ras Laffan LNG plant very quickly and could reach…
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Sempra Begins LNG Production at Mexican Site
Sempra Infrastructure, a subsidiary of U.S. electric and gas utility Sempra, said its ECA LNG Phase 1 project has begun producing…
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TotalEnergies Remains Silent as Russia Approves Sale of Arctic LNG 2 Stake
Russian President Vladimir Putin has approved the sale of a 10% stake in the sanctioned Arctic LNG 2 project held by France's…
Renewables
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Palm oil production drops, and it is likely to be the second consecutive week of a loss in output. Stock fears are also causing a decline.
Malaysian palm futures were down slightly on Friday, indicating that they are on course for a second loss in a week, due…
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Britain eliminates the requirement for planning consultation to accelerate major infrastructure projects
The British government announced on Thursday that it will remove the mandatory requirement of a 'pre-application consultation'…
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Argentina's Genneia power company reveals revenue increase in US IPO
Genneia, a Argentine 'power 'producer, revealed a jump in annual revenues on Thursday when it filed its U.S. Initial Public Offering filing.
