World Energy News

Victoria Launches First Australian Offshore Wind Auction

The government of Australia's Victoria state has opened a bidding process for its first 2 GW of offshore wind capacity, marking the launch of the country's first offshore wind auction.Energy and Resources Minister Jaclyn Symes opened the Request for Proposal process on August 26, with projects to be assessed on value for money…
Shell, Equinor Warn Energy Market is Struggling to Offset Disruptions

Global energy markets face a lengthening period of tight supply and price volatility as the industry's ability to offset disruptions from the Middle East is dwindling, senior executives from Shell and Equinor said on Wednesday.Attacks on oil tankers in the Middle East helped push…
Spain Foresees Higher Energy Prices Due to Iran War

Higher energy prices resulting from the Iran war could add nearly €7.4 billion ($8.5 billion) to Spanish manufacturers' costs through the end of 2026, an industry lobby group said on Wednesday.Of the extra costs stemming from current prices, gas would account for €4.2 billion and electricity for €3.2 billion, with 70% of the impact expected between
Radiant World sues Glencore for $2 billion

The Iron Ore Trader Radiant World Corp, along with related companies, has filed a lawsuit in Singapore's High Court against the commodities giant Glencore, claiming damages of more than 2 billion dollars for fraud, breach and conspiracy. According to a copy of the lawsuit, filed on Tuesday by Glencore and seen by…
East Timor to build second LNG plant

Minister of Petroleum and Mineral Resources Francisco da Costa Monteiro said that East Timor plans to build a second "liquefied natural" gas plant along its southern coast. The plant will use leftover gas from Bayu-Undan, Chuditch and other fields. The company hopes to feed the 5…

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Shale Oil & Gas

Subsea 7: EU Commission to comment on Saipem tie up

Subsea 7's CEO Stuart Fitzgerald told reporters on Wednesday that the European Commission would likely "comment in the next 24" hours about a possible reopening of its antitrust investigation into the merger between Norway’s Subsea 7 with Italy’s Saipem. The EU had halted the investigation while the parties supplied additional information. The deal, announced in February last year, would create a global leader?in offshore services.

LNG

Argent LNG, Albania to Evaluate Development of Import Terminal

U.S. LNG developer Argent LNG said on Wednesday it had signed a non-binding memorandum of understanding with Albania's government to evaluate development of an onshore LNG storage and regasification terminal with capacity of up to 5 million tonnes a year.Here are more details:Terminal could connect with the Trans Adriatic Pipeline, proposed Ionian Adriatic Pipeline and Fier-Vlore gas corridor.Argent LNG said financing could involve the U.S. Trade and Development Agency, U.S.

Renewables

EU lawmakers scrap emergency brake for carbon border levies

The European Union legislators voted on Tuesday to remove a clause that would allow the EU to suspend its border carbon levy in the event it made imported goods more costly. This has led to a conflict with the member countries who support the emergency brake. The EU's Carbon Border Levy, which went into effect on January 1, imposes fees for CO2 emissions on imports of goods such as steel, fertilisers, and other goods.

Victoria Launches First Australian Offshore Wind Auction

Shell, Equinor Warn Energy Market is Struggling to Offset Disruptions

Spain Foresees Higher Energy Prices Due to Iran War

Radiant World sues Glencore for $2 billion

East Timor to build second LNG plant

Energy secretary: US energy company to announce Venezuelan investment

Shell and Equinor warn that the shock absorbers in the energy market are weakening.

Can2 Termik unit to develop $400 million oil project in Venezuela

Latest news

Thousands of bodies still unidentified and missing in Nepal weeks after the flood

Thailand's PTTEP claims that every $3 increase in LNG price could raise Thai power prices by up to 5%

Georgia will appeal US decision ordering it to pay Turkish firm over failed hydropower project

The EU chief wants Canada as an "associate Member". What does it mean?

German energy company SEFE increases gas storage to ensure winter reserves

Thailand's largest utility will cut spot LNG imports and strike long-term agreements

EU lawmakers scrap emergency brake for carbon border levies

US-based GE Vernova and Thailand's B.Grimm Power Sign Deals for Gas Turbine Supply

South Korean lawmaker: Trump to announce US investments details on Friday

EIB invests in first modular nuclear reactor

Shale Oil & Gas

Subsea 7: EU Commission to comment on Saipem tie up

Caturus to nearly double export capability of Commonwealth LNG project

Nigeria's NLNG aims at starting up Train 7 LNG Project by the end of 2027

US-based GE Vernova and Thailand's B.Grimm Power Sign Deals for Gas Turbine Supply

LNG

Argent LNG, Albania to Evaluate Development of Import Terminal

Northern Territory Shale Developers Look Towards LNG Production

San Matias Pipeline Cansortium Closes $900m Loan for Pipeline

Bangladesh Seeks US LNG Amidst Global Supply Disruptions

Renewables

EU lawmakers scrap emergency brake for carbon border levies

Thailand's largest utility will cut spot LNG imports and strike long-term agreements

EU lawmakers scrap emergency brake for carbon border levies

Palm oil prices rise for the second consecutive session due to crude strength

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