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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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SEFE, Ksi Lisims LNG Agree on long-Term LNG Supply
German state-owned gas importer SEFE said on Wednesday it agreed to purchase 1 million tonnes of liquefied natural gas per year from Canada's Ksi Lisims LNG to diversify supplies amid unsteady global energy markets.Under a memorandum of understanding signed on Wednesday, deliveries are set to begin in the early 2030s for up to 20 years…
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Data shows that Russian LNG exports rose 11.5% from January to May.
The preliminary LSEG data on Monday showed that Russia's exports grew by?11.5% from January to May compared to a year ago…
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BP Gas and Low Carbon Chief William Lin to depart -memo confirmed as true by spokesperson
William Lin, BP's head of low-carbon gas and business, is preparing to leave as the oil giant reorganises. A BP spokesperson…
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Russia increases pressure on Armenia before Sunday's elections
Russia is increasing its pressure on Armenia in advance of the June 7 elections, as this once-close ally seeks to strengthen…
Latest news
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Fuel retailers in the Middle East are not taking advantage of the crisis, says UK regulator
The UK's competition regulator found no evidence that retailers had altered their fuel pricing strategy to take advantage the Middle East Crisis.
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BP begins commercial production of non-associated gas at Azerbaijan’s ACG field
British ?energy major BP said on Monday ?commercial production of non-associated gas ?has begun at the ?energy-rich Azeri…
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EUROPE GAS-European Gas Prices Rise after US and Iran Exchange Strikes
Dutch and British wholesale gas contracts rose Monday morning, after Iran and the United States exchanged strike?and Israel…
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Glencore South Africa's smelter cancels job cuts planned after electricity deal
Glencore's South African ferrochrome smelting division announced on Monday that it had cancelled plans to lay off up to 1…
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Bluefield Solar to be acquired by UK-based Drax in a $755 million renewables transaction
Drax announced on Monday that it had 'agreed' to purchase Bluefield Solar Income Fund in a?deal valued at approximately PS561million ($755.3million).
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BP sells 5% of the Australian Browse LNG Project to South Korea’s GS Energy
GS Energy, a South Korean company, has agreed to buy 5% of BP's stake in Browse - a liquefied gas project in Western Australia.
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Norway Oil Sector Workers Threaten Strike from June 5,
Labour union data revealed that nearly eight percent of Norwegian offshore oil and gas workers intend to strike if the state…
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Andy Home: Investors are still betting on scarcity despite the rebalancing of ROI-Tin
What can tame a wild tin industry? The London Metal Exchange's (LME) smallest base metal contract continues to defy the market.
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Wildfire Season Returns to Canada's Oil Sands
Wildfire season is back in Canada's oil sands area, with seven active fires on Sunday. This poses a risk to communities, workers and investors.
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Bohbot, once considered the top sugar trader in the world, leaves Wilmar
Two sources confirmed on Friday that Jean-Luc Bohbot - once considered the 'world's leading sugar trader - is leaving his…
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The price of renewable fuel credits has reached new records due to the U.S. biofuel mandates and oil market volatility
Renewable fuel credits for the year 2026 reached record levels on Thursday, and they continued to rise on Friday. This was…
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Baker Hughes reports that US drillers have added oil and natural gas rigs to their fleet for the sixth consecutive week.
Energy services firm Baker Hughes said that U.S. energy firms added oil and gas rigs in the United States for a sixth consecutive week.
Shale Oil & Gas
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Export surge and record-low U.S. shale oil backlog slow production gains
U.S. shale producers have the lowest stock of drilled-but-uncompleted wells on record, limiting their ability to move ?quickly…
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EIA: US crude production is largely unchanged from March.
According to Energy 'Information Administration, on Friday, U.S. crude oil production was largely stable in March. It stood…
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Bloomberg News reports that Mitsui is looking to invest in LNG to meet the power needs of data centers.
Bloomberg News reported on Thursday that the CEO of Mitsui, Kenichi Hori, is looking to invest in LNG projects across the Middle East…
LNG
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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…
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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
Renewables
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The price of renewable fuel credits has reached new records due to the U.S. biofuel mandates and oil market volatility
Renewable fuel credits for the year 2026 reached record levels on Thursday, and they continued to rise on Friday. This was…
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The European Commission promises tougher actions on trade with China
The EU's relationship with China in terms of trade and investment is "not sustainable", according to the European Commission…
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VEGOILS - Palm oil records a second consecutive weekly gain
Malaysian palm oils futures reversed gains and closed lower on Friday, but they still booked their second consecutive weekly gain of 1.09%.
