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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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Anthropic abandoned its $7 billion MatX purchase, according to sources
Two?people who were briefed about the issue said that Anthropic had discussed purchasing artificial intelligence chip company MatX for around $7 billion. The goal was to speed up efforts to develop custom-made hardware for its rapidly growing AI business. The merger talks that a third…
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Malaysia's Petronas announces higher profit and revenue for H1 but warns about an uncertain energy landscape
Malaysian energy firm Petronas reported higher revenue and profit for the first six months of 2026. However, it warned that the global 'energy landscape' remained uncertain due to a slew of geopolitical challenges and the prolonged Middle East conflict. Petronas or Petroliam Nasional Bhd reported that revenue for the first six months rose by 15%…
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San Matias Pipeline Cansortium Closes $900m Loan for Pipeline
Argentina's San Matias Pipeline consortium said on Friday it had closed a $900 million project finance loan to build a pipeline from the Vaca Muerta shale formation to the Atlantic coast in Rio Negro province, a crucial piece of financing for the nation's long-delayed ambition to…
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Ecuador convicts ex-President Moreno in hydro plant corruption case
The public prosecutor's office reported that an Ecuadorean court convicted former president Lenin 'Moreno on Friday of bribery in connection with the construction of Andean nation's largest hydroelectric plant. The Attorney General's Office launched the investigation on March 20, 2023.
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Baker Hughes: US energy companies leave rig count unchanged for the latest week
Baker Hughes, a closely watched energy services company, said that the U.S. firms had not changed their rig counts in the last week.
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Gazprom's first-half profits fall by 12%
Gazprom, a Russian gas producer, reported that its first-half profit was 864 billion Russian roubles, or $10 billion, about…
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VEGOILS - Palm records weekly loss and snaps 3-week winning streak
Malaysian palm oil futures rose by more than 1% on Friday, boosted by higher soyoil and concerns?over the future production…
Latest news
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The week's financial charts: Canada, Nvidia, and the ROI-Hormuz gridlock
Every Friday, Open Interest distills the week's financial data into five charts that highlight the main trends, surprises and overlooked movements.
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QatarEnergy suspends gas deliveries until November 1st to Italy's Edison
QatarEnergy has notified Italian utility Edison - one of its biggest customers in Europe - that it 'has extended the suspension…
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South Korea says that it is "negotiating" with Nepal about foreign rescue assistance
Nepal doesn't need foreign help for search and rescue operations after the flash flood that swept through several towns,…
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Palm rises, but is poised to end three-week winning streak
The price of 'Malaysian Palm Oil Futures' rose on Friday, despite concerns over future production and firmer soyoil. However…
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Sources: Trump and officials discuss expanding refinery waivers, as the farm backlash increases.
People familiar with the meeting say that President Donald Trump, his energy, environment and agriculture chiefs discussed…
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Green Pool trims 2026/27 global sugar deficit forecast
Green Pool announced on Thursday that the global sugar deficit for 2026/27 will be "slightly less than originally expected"…
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VEGOILS - Palm extends losses into third session due to weak demand and expectations of higher production
Malaysian palm oil futures reversing earlier gains, closed lower for the third consecutive session on Thursday. Pressured by a sluggish export demand…
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Emvolon, a biomethanol startup, signs financing and purchasing deals with Freepoint
Emvolon, a biomethanol startup, has signed a 7-year agreement?under the terms of which Freepoint Commodities is given a first…
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The British cap on energy prices will rise by 4% due to the Iran war.
The majority of British households will see their energy costs?rise in October, after the energy?regulator?Ofgem announced…
Shale Oil & Gas
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Sempra starts permitting process for major LNG Expansion in Texas
According to a regulatory filing on Wednesday, Sempra Energy’s Port Arthur LNG unit has begun the federal permit process for an?expansion?
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China's CNOOC records record profit in the first half of this year on higher oil prices and output
CNOOC Ltd, a Chinese offshore oil-and-gas major, posted a record net profit for the first half of 2012 on Wednesday. Higher…
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Europe and Asia boost renewable energy in response to the US-Iran War
The U.S. and Israel war against Iran has lasted six months. Governments in Europe and Asia are now scrambling to build out…
LNG
Renewables
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Nepal Flood: Nations missing tourists
Tourism officials confirmed on Thursday that 540 foreigners, from 31 different countries, are among 667 tourists who have…
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Green Pool trims 2026/27 global sugar deficit forecast
Green Pool announced on Thursday that the global sugar deficit for 2026/27 will be "slightly less than originally expected"…
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VEGOILS - Palm extends losses into third session due to weak demand and expectations of higher production
Malaysian palm oil futures reversing earlier gains, closed lower for the third consecutive session on Thursday. Pressured by a sluggish export demand…
