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Panoro Energy looks for new assets in Equatorial after purchasing Kosmos stake
Panoro Energy, a company based in Africa, will participate in Equatorial Guinea’s oil and gas auction in April to search for new assets. It has increased its stake in Block G offshore in the country. Panoro acquired this week an additional 40.3% of Block G from Kosmos Energy. This makes it the largest shareholder in Block G…
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Acelen, a Mubadala company, will increase diesel production at Brazilian refinery Mataripe 10%
Celso Ferreira, the Chief Operations Officer of Mubadala's Acelen, said that it was aiming to increase the diesel production capacity at its Brazilian refinery Mataripe in June by 10% as part of its 143 million reais (?736 millions) investment plan for this year. Mataripe, Brazil’s second largest refinery…
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GKN's cancellation of plans for a magnet factory is a setback to Europe's goal for rare earths
GKN Powder Metallurgy scrapped plans to manufacture rare earth permanent'magnets' in Europe. Three sources familiar with the matter confirmed this, highlighting Europe’s struggle to create a domestic rare Earths?industry that can compete with China, the dominant producer. China controls…
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carried Ukrainian and Russian oil before attack
The Druzhba pipeline exported some Ukrainian oil, as well as much higher volumes of Russian crude, before it was damaged a month ago by a Russian strike that has led to a halt in supply, three industry sources familiar with the matter said.Oil shipments to Hungary and Slovakia through…
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Nigerian Crude Oil Loading Programs Hold Steady for April
Loading of four key Nigerian crudes in April will hold steady, preliminary loading programmes seen by Reuters showed, while lower demand and high freight rates continued to weigh on Angolan differentialsAmong recent offers was Kissanje at dated Brent minus 85 cents, compared to dated Brent minus $1 heard in December, showing demand had slowly picke
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Mercuria profits fall as the company expands into metals and LNG
Mercuria's?chief finance officer? told a reporter on Friday that the trading house had posted a 6% drop in profit for 2025…
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Baker Hughes reports that US oil and gas drillers have cut back on rigs in the US for the first time in six-weeks.
Baker Hughes, an energy services company, said that the U.S. cut back on the number of natural gas and oil rigs for the first time since six weeks.
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Mexico's Pemex narrows its losses in the last quarter of 2025
Pemex, the Mexican state energy company, has reported a sharp decline in losses for 'the fourth quarter. A filing with 'the…
Latest news
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Acciona Energia cuts dividends, targets disposals to protect credit ratings
Acciona Energia, the Spanish renewable energy company, announced late Thursday that it would reduce dividends and investments…
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Sources: EDF continues to sell Edison shares despite Italian energy decree
Three sources familiar with the matter said that France's EDF was moving forward with a possible listing or a sale of a?stake?in…
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CEO YPF says that YPF expects EBITDA to range between $5.8 and $6.2 billion by 2026.
Chief executive Horacio Marina said that the Argentinean state-run 'oil company YPF YPFDm.BA is expecting an 'EBITDA between…
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Russia exports 238 million tonnes of oil by 2025, says Deputy Prime Minister
Alexander Novak, Deputy Prime Minister of Russia, said that the country's oil exports will reach 238 million tons by 2025.
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Wartsila CEO sees boost from Trump Datacenter Push
The CEO of the Finnish energy company said that a push to have U.S. datacentres use their own power would boost the demand…
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Prices for gas in Europe are mixed as traders take into account geopolitical risks, weather and outages in Norway
The European benchmark wholesale gas price was mixed on Friday. Prices in Britain were higher due to outages in Norway, while…
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Vallourec is expecting a lower core profit in Q1 as steel tube volume weighs on the company
French steel tubes manufacturer Vallourec announced on Friday that it expected to make a lower profit in the first three…
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Portugal's EDP CEO: Data centre boom in Iberia to be supplied by EDP
EDP, Portugal's largest utility, is stepping up to meet the demand for data centres in Iberia. The company was attracted…
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Sources say that Trump EPA will shift at least half the waived biofuel obligation to big refiners
According to sources familiar with discussions, the Trump administration has agreed on a plan requiring 'big oil refineries'…
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Sources say that Trump EPA will shift at least half the waived biofuel obligation to big refiners
According to sources familiar with discussions, the Trump administration has settled on a plan requiring big oil refineries?to…
Shale Oil & Gas
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Wartsila CEO sees boost from Trump Datacenter Push
The CEO of the Finnish energy company said that a push to have U.S. datacentres use their own power would boost the demand…
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Fugro reports year-loss due to challenges in renewables
Dutch geological data specialist Fugro reported on Friday a loss of 21 million euros ($25 million), reflecting the challenges…
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Sources claim that India wants to reduce coal imports for the power sector by 30% in this year.
India, which is the second largest thermal coal importer in the world, wants to reduce its imports by at least 30 percent.
LNG
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Trinidad's Atlantic LNG Shuts Down Train 4 for Maintenance
Trinidad and Tobago's flagship Atlantic LNG plans to shut its 6 million metric ton per annum Train 4 for up to 50 days in…
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Norway Parliament Rejects Challenge to LNG Plant's Power Supply Plan
Norway's parliament on Thursday rejected a proposal to block Equinor's plan to supply electricity to its Hammerfest liquefied natural gas (LNG) plant
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Norway Socialist Party Withdraws Support for LNG Electricity Project Opposition
Norway's Socialist Party has withdrawn its support for a proposal to block Equinor's Hammerfest liquefied natural gas plant from receiving a planned o
Renewables
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Prices for gas in Europe are mixed as traders take into account geopolitical risks, weather and outages in Norway
The European benchmark wholesale gas price was mixed on Friday. Prices in Britain were higher due to outages in Norway, while…
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Portugal's EDP CEO: Data centre boom in Iberia to be supplied by EDP
EDP, Portugal's largest utility, is stepping up to meet the demand for data centres in Iberia. The company was attracted…
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Sources say that Trump EPA will shift at least half the waived biofuel obligation to big refiners
According to sources familiar with discussions, the Trump administration has agreed on a plan requiring 'big oil refineries'…