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Pakistan Explores Selling Excess LNG
Pakistan is exploring ways to sell excess liquefied natural gas (LNG) cargoes amid a gas supply glut that could cost domestic producers $378 million in annual losses, according to a presentation and a government official familiar with the matter.The country has at least three LNG…
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US LNG Exports Fall in June Amidst Maintenance
U.S. liquefied natural gas exports fell to their second lowest monthly level for the year in June, as maintenance work at some of the country's largest export facilities hurt output, according to preliminary data from financial firm LSEG.The United States, the world's top exporter of LNG…
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TotalEnergies UK Assets to Be Bought by Prax Remain Unsold
The TotalEnergies West of Shetland offshore assets it agreed to sell to Prax Group last year remain under the French oil major's ownership, it said on Wednesday, so will not be subject to disposals resulting from liquidation proceedings affecting the British company."The transaction…
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Ecopetrol Purchases Enel Wind Power Project for $50m
Colombian state oil firm Ecopetrol said on Monday it has purchased a wind power project in the northern province of La Guajira from Enel for $50 million.The Windpeshi project will have a capacity of 205 megawatts (MW), which will be added to Ecopetrol Group's self-consumption energy portfolio…
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US Gulf Coast Fuel Oil Imports Drops As Heavier Crude Is Preferred
Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude.When refineries run a heavier, sourer crude slate, they produce more heavy residue, which is either processed in a secondary…
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SEC filing reveals that Venture Global is making money on LNG exports from Plaquemines plant
Venture Global has exported more LNG cargoes out of its Plaquemines facility in Louisiana, and it earned twice as much in fees as its other U.S.
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Trump's executive order aims to end wind and solar subsidies
On Monday, U.S. president Donald Trump directed federal agencies that they should strengthen the provisions of the One Big…
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Exxon warns that lower gas and oil prices could affect second-quarter profits
Exxon Mobil said on Monday that lower prices for oil and gas could reduce its second-quarter profits by $1.5 billion compared to the previous quarter.
Latest news
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Chevron prepares for a quick closure of the Hess deal while awaiting the outcome of Exxon's dispute
According to two industry analysts and sources, Chevron has begun preparing for the acquisition of Hess. This includes a…
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Ecopetrol, a Colombian company, buys a wind energy project from Enel at $50 million
Ecopetrol, the state-owned oil company of Colombia, announced on Monday that it had purchased from Enel a wind energy project…
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Palm oil prices rise on the back of strong crude oil
Malaysian palm futures closed higher on Monday, as stronger crude oil supported the market after it had surpassed rival edible…
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Prices for day-ahead solar are higher in Germany
The French and German day-ahead baseload power prices increased on Monday morning, due to a weaker solar production in Germany…
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Carrier is the latest multinational company to sue India for electronic waste regulations
The Indian unit for the U.S. Air Conditioning giant Carrier is the latest large firm to file a lawsuit against Prime Minister…
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Shell reduces LNG production outlook and flags weaker trade
Shell has lowered its outlook for the second quarter for both its integrated gas division and liquefied gas production. It…
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VEGOILS - Palm oil drops for the second session due to weak competitors, crude oil
Malaysian palm futures declined for the second consecutive session on Monday, dragged down by lower rival edible oils and crude oils.
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South Korea's Presidential adviser will fly to Washington before the tariff deadline
His office announced on Saturday that the South Korean presidential security advisor plans to visit Washington between July 6 and 8, 2018.
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Inpasa: Vibra's founder's family has invested in Vibra to achieve financial goals
Inpasa, an ethanol producer, said that on Friday a family fund connected to its founder had invested in Brazilian fuel retailer Vibra.
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Germany proposes a law to accelerate geothermal and renewable heat expansion
The German economy ministry released a draft bill on Friday, which would speed up the expansion of geothermal projects. Berlin…
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Palm oil gains despite weakening of rival oils and profit-taking
Malaysian palm futures ended lower on Friday due to profit booking and weaker edible oils in Chicago and Dalian. However…
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EUROPE GAS - Prices in a narrow range due to stronger winds and healthy supply
Due to a healthy supply of gas and forecasts for higher wind output, Dutch and British wholesale prices traded in a tight range on Friday morning.
Offshore Oil & Gas
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Qatari Output at Gas Field Shared With Iran Is Steady
Qatar's gas production at the South Pars field is steady and supply is proceeding normally, it said on Tuesday, after the…
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Orsted Favors Increasing Investments in Taiwan, South Korea
Orsted, the world's biggest offshore wind developer, will increase investment in Taiwan and South Korea where it has already been awarded projects…
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Commodity Report: Meeting Oil Demand a Challenge if Israel Hits Iran Oil
Oil market participants have switched to dreading a shortage in fuel from focusing on impending oversupply in just two days…
Shale Oil & Gas
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Inpasa: Vibra's founder's family has invested in Vibra to achieve financial goals
Inpasa, an ethanol producer, said that on Friday a family fund connected to its founder had invested in Brazilian fuel retailer Vibra.
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South Korea's trade minister could ask for an extension of the tariff freeze during US-South Korea talks
South Korea's Trade minister Yeo Han Koo said that he may request an extension to the U.S. Tariffs Freeze that expires in a few days…
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Sources say that arbitrators have made a decision in the Exxon-Hess dispute regarding Chevron's deal.
According to two sources with knowledge of the dispute, arbitrators have made a decision regarding a major oilfield in Guyana.
LNG
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Pakistan Explores Selling Excess LNG
Pakistan is exploring ways to sell excess liquefied natural gas (LNG) cargoes amid a gas supply glut that could cost domestic…
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Energy Transfer to Supply Chevron With Additional LNG
Pipeline operator Energy Transfer said on Wednesday it will supply U.S. oil major Chevron with an additional 1 million tonnes…
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Egypt to Import LNG to Cover July 2025 to June 2026 Demand
Egypt plans to import liquefied natural gas to cover demand from July 2025 to June 2026, the Egyptian cabinet said in a statement on Wednesday…
Renewables
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Palm oil gains despite weakening of rival oils and profit-taking
Malaysian palm futures ended lower on Friday due to profit booking and weaker edible oils in Chicago and Dalian. However…
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EUROPE GAS - Prices in a narrow range due to stronger winds and healthy supply
Due to a healthy supply of gas and forecasts for higher wind output, Dutch and British wholesale prices traded in a tight range on Friday morning.
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Spot prices are expected to fall on stronger winds
The price of baseload electricity in France and Germany is expected to fall next week, as the wind power production increases.
