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What is in the EU's 18th package of sanctions against Russia?
The details of the 18th package of sanctions against Russia for its war in Ukraine were approved by the European Union on Friday. It is aimed at further damaging the Russian oil and energy industries. The package includes a price cap for Russian oil, which is intended to reduce Moscow's…
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Crypto stocks surge as ether reaches six-month high
The crypto-focused stocks rose Friday after ether reached a six-month-high following the passage of a bill to create stablecoins by the U.S. House of Representatives. The bill is expected to be signed by President Donald Trump and marks a turning point for the digital asset sector…
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Chevron wins arbitration against Exxon over Hess deal, according to analysts.
Chevron completed its $55 billion purchase of Hess last Friday, after winning a landmark court battle against Exxon Mobil. This was to gain access the largest oil discovery of the past decade - the Stabroek Block offshore of Guyana. It contains more than 11 billion gallons of oil.
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What is in the EU's 18th package of sanctions against Russia?
The details of the 18th package approved by the European Union on Friday against Russia for its war in Ukraine. This package is aimed at further damaging Russia's energy and oil industry. The package includes a price cap for Russian oil, which is intended to reduce Moscow's revenues…
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Baker Hughes reports that US drillers have added oil/gas rigs to their fleet for the first time in twelve weeks.
Baker Hughes, a leading energy services company, said that the U.S. added oil and gas rigs this week for the first time since 12 weeks. The number of oil and gas rigs, a good indicator of future production, increased by seven in the week ending July 18, its largest weekly increase since December.
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KoBold Metals, supported by Bezos and Gates and secured a deal for disputed Congo Lithium deposit
KoBold Metals - the mining company owned by U.S. billionaires Jeff Bezos & Bill Gates - has signed a deal with the Democratic Republic of Congo.
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BP will sell its US onshore wind business for an undisclosed amount to LS Power
BP announced on Friday that it had agreed to divest its U.S. Onshore Wind business to U.S. based power grid operator LS Power…
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What is in the EU's 18th package of sanctions against Russia?
The details of the 18th package of sanctions against Russia for its war in Ukraine are listed below. This package was approved…
Latest news
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SLB beats quarterly profit estimates on steady oilfield services demand
SLB, a leading oilfield services company, narrowly beat Wall Street's expectations for the second quarter profit on Friday…
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Wall Street Futures dwindle after record session
The U.S. index futures took a break on Friday after the S&P 500, Nasdaq, and other stock markets closed at record highs the…
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Ether-linked stock prices jump after crypto coin reaches 6-month high
Cryptocurrency-related stocks rose in premarket trading on Friday, with shares linked to ether leading the charge after the No. The No.
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Chevron will proceed with Hess acquisition after winning Exxon Guyana's legal battle
Chevron is moving forward with its acquisition of Hess for $53 billion after winning a landmark court battle against Exxon Mobil…
Offshore Oil & Gas
Shale Oil & Gas
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Malaysia increases coal power production and imports to meet growing demand
A data analysis showed that Malaysia was boosting its coal-fired electricity output and importing fuel at record-high levels.
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Malaysian exports in June record a surprise drop of 3.5% on an annual basis
Malaysian exports dropped unexpectedly by 3.5% from a year ago to the lowest level since December 2023. This was due to a…
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Brazil Journal reported that Vibra had begun talks with Cosan to purchase its lubricants division.
Brazil Journal, a news outlet, reported that Brazilian fuel retailer Vibra had begun talks with Cosan about buying Cosan’s lubricants division, Moove.
LNG
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Venture Global Produces LNG from Phase 2 of Plaquemines Facility
Venture Global has started producing liquefied natural gas from Phase 2 of its Plaquemines export facility in Louisiana,…
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Equinor Extends Maintenance Outage at Hammerfest LNG Plant
Norway's Equinor has extended the maintenance outage at its Hammerfest LNG terminal, Europe's largest liquefied natural gas export facility…
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Canada's New LNG Exports Have Yet to Lift Gas Prices
Last month's start-up of LNG Canada, the country's first large-scale liquefied natural gas export facility, has failed to…
Renewables
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Siemens Gamesa Lines Up 63-Turbine Order for German Offshore Wind Farm
Skyborn Renewables has confirmed the execution of the Turbine Supply Agreement (TSA) and the Offshore Long Term Program Service…
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Prices of gas in Europe fall on the back of stronger Norwegian supply and wind power forecasts
The Dutch and British gas wholesale prices fell on Friday as the supply from Norway increased and forecasts of higher wind…
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On Monday, expect a cooling of temperatures and a rise in wind speed.
The German wind energy output is forecast to decrease over the weekend, before rising above Friday's levels on Monday. Solar…
