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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…
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Five charts of the financial week: Trump's oil grab, Broadcom blues and ROI-Bonds.
Every Friday, Open Interest distills the previous five days' financial activity into five charts that highlight the "major trends" and "surprises" as well as the "overlooked moves". The cooler air of September chilled the sovereign bond markets this week as summer came to an end.
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Northern Territory Shale Developers Look Towards LNG Production
Developers of shale gas in Australia's Northern Territory say they plan to replicate the liquefied natural gas boom in the state of Queensland, but without the duplication of infrastructure and overspending that occurred in the 2010s.The territory's Beetaloo sub-basin was surveyed…
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Baker Hughes reports that US energy companies have not changed their rig count for the second week in a row.
Baker Hughes, a leading energy services company, said in a closely watched report released on Friday that U.S. firms have kept the 'overall rig counts' unchanged for a second consecutive week. The total oil and gas rig counts, an early indicator for future production, held steady at 588 during the week ending September 4.
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Eni, the Italian energy company, doubles its efforts in Venezuela to recover debt
Analysts said that the signing of a new deal for an oil project in Venezuela this week has increased the chances of Eni recovering the more than $2.3billion owed to it by Venezuela. Eni has collected these receivables after?nearly 30 years in Venezuela from the state-owned PDVSA.
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Official: US structure Venezuela oil position in order to protect it against dilution
A U.S. official said that the U.S. government has structured its 35% stake in an oil venture in Venezuela as warrants to…
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Schedule for US Energy Data in Holiday Week
Labor Day, which falls on Monday Sept. 7, will affect the release of certain?major data in the energy sector scheduled for the month of September.
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Brazil environmental agency clears Petrobras to drill additional Foz do Amazonas wells
According to a document seen by us on Friday, Brazil's Ibama environmental agency authorized the state-owned oil company…
Latest news
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Even before death and injury claims, Nepal floods may cost insurers more than $130 million
According to a senior official of one of Nepal's largest insurers, the devastating floods in Nepal could lead to commercial…
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The Times reports that the UK will approve Jackdaw Gas Field development in this month.
The Times reported that government sources said Britain would approve new drilling on September 15 to 'develop Shell and…
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Citadel, a hedge fund giant, is reportedly looking to purchase US assets for shale production.
Citadel has been in talks with a?U.S. Five people with knowledge of the matter have confirmed that Citadel is considering…
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Palmettos end higher due to El Nino concerns; logs weekly gains
Prices for Malaysian palm oil futures rose on Friday, thanks to fears about the impact of El Nino. At the close, the benchmark?palm…
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Nepali foreman who was rescued from a tunnel said he stayed to help others
Sanjay Sah had to decide whether he wanted to flee or stay when the mountain collapsed above a Nepali power station where he worked.
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Even before death and injury claims, Nepal floods may cost insurers more than $130 million
According to a senior official at one of Nepal's largest insurers, the devastating floods in Nepal could lead to commercial…
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Sources say that China rare earth firms have halted some US shipments due to geopolitical concerns.
Three sources have confirmed that some Chinese suppliers of rare earths are refusing to ship to the U.S. out of fear for repercussions by Beijing.
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Two people rescued alive from Nepal Hydropower Tunnel
Two people were rescued alive from a 'tunnel' connected to a hydropower plant on the Trishuli River on Friday, nine days after an ice…
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Timor Gap purchases Osaka Gas' stake in Greater Sunrise Project
Timor Gap, the national oil company of East Timor, announced that it had signed a 'binding agreement' with Osaka Gas for…
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Two people are rescued from Nepal Hydropower Tunnel
Two people were rescued alive from a tunnel that was linked to a hydropower station on the Trishuli River, nine days after an ice…
Shale Oil & Gas
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Sources say that China rare earth firms have halted some US shipments due to geopolitical concerns.
Three sources have confirmed that some Chinese suppliers of rare earths are refusing to ship to the U.S. out of fear for repercussions by Beijing.
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Timor Gap purchases Osaka Gas' stake in Greater Sunrise Project
Timor Gap, the national oil company of East Timor, announced that it had signed a 'binding agreement' with Osaka Gas for…
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US diesel prices reach record highs as supply squeeze intensifies
The average U.S. Diesel prices rose to new records on Thursday as the global'supply crunch' intensified following renewed…
LNG
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Bangladesh Seeks US LNG Amidst Global Supply Disruptions
Bangladesh is turning to the United States for a long-term liquefied natural gas supply deal as it seeks to shore up energy…
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Cheniere Energy Increase Annual Profit on Strong LNG Demand
Cheniere Energy raised its forecast for annual core profit on Thursday after beating quarterly expectations on robust demand…
Renewables
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Even before death and injury claims, Nepal floods may cost insurers more than $130 million
According to a senior official at one of Nepal's largest insurers, the devastating floods in Nepal could lead to commercial…
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Two people rescued alive from Nepal Hydropower Tunnel
Two people were rescued alive from a 'tunnel' connected to a hydropower plant on the Trishuli River on Friday, nine days after an ice…
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Engineers in a WhatsApp group guide Nepal's rescue efforts for tunnels
A WhatsApp group of experts is leading rescue workers in the midst of a massive flash flood that occurred more than a month ago.
