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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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Baker Hughes reports that US drillers have added oil/gas rigs to their fleet for the fifth consecutive week.
Baker Hughes, an energy services firm, said in its widely-read report published on Friday that U.S. firms added oil and gas…
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Schedule for US Energy Data in Holiday Week
The Memorial Day federal holiday, which falls on Monday, 25th May?will impact the release schedule for?some of the major…
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As the end of the oil era looms closer, a presidential adviser said that UAE has left OPEC and is pumping more.
A senior advisor to the president stated that the UAE's decision to leave OPEC took three years to make and is based on the…
Latest news
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The UAE was considering leaving OPEC in three years' time, a presidential advisor has said
A senior advisor to the president revealed that the UAE made the decision to leave OPEC three years ago. The country believes…
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India struggles with power cuts after heatwave increases electricity demand
India is experiencing power outages in some areas due to record-breaking heat. The government has asked consumers to 'limit their use'.
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Palm oil prices close higher and snap a 3 week losing streak
Malaysian palm futures rose Friday on some bargain-buying after a steep decline following an announcement earlier this week…
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Indonesia coal export shake-up rattles miners, traders
Indonesia's plan for coal exports to be routed through a state firm has alarmed traders and miners, who are concerned about…
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Prices for Norway gas are lower, and US-Iran hopes of peace have been raised.
Dutch and British wholesale gas prices fell?on the morning of Friday due to a re-invigorated hope for a peace agreement?between Iran and the U.S.…
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Palm prices rise on the back of bargain-buying; 3 weeks of losses to be erased
Malaysian palm oil futures rose on Friday due to some bargain-buying?after a steep drop following the announcement of a new…
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Renewables magnate Riquelme launches Real Madrid presidency bid - source
According to a source with knowledge of this matter, Enrique 'Riquelme' informed Real Madrid's Board on Thursday that he…
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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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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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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.
Shale Oil & Gas
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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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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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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…
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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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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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…
