World Energy News

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…
Wall Street closes lower due to a jump in oil prices, while indexes post monthly gains

?U.S. Stocks fell on Monday as Wall Street turned the page on an unpredictable month. A war-related rise?in crude oil prices revived inflation concerns?and increased the likelihood of tighter policy. Investors processed U.S. Federal Reserve Chairman Kevin Warsh's hawkish remarks at the Jackson Hole Symposium on Friday. All three of the major U.S.
Officials say that US oil company will take over Venezuelan oilfields that were previously operated by Chinese and Russian firms

Two U.S. officials have confirmed that North American Blue Energy Partners, a U.S.-based oil company, will take over some oilfields controlled by five 'Chinese' companies and one Russian firm. On Monday, two U.S. officials?told?that North American Blue Energy Partners will take?over…
Officials: US company to take over Venezuela oilfields that were previously operated by Chinese and Russian firms

Two U.S. officials said that the U.S. company North American Blue Energy Partners will be taking over oilfields controlled by several Chinese firms and a Russian firm. They said that the takeover would be part of an?oil?production agreement President Donald Trump had announced with Venezuela.
Nepal rescuers reach remote regions, and electricity is restored almost a week following devastating floods

Rescuers in Nepal built temporary bridges and dug into the ruins of hydropower projects to rescue nearly 300 trapped workers. This was almost a week after devastating floods devastated the towns and valleys across the country. Around 600 people are still trapped in several hydropower stations which have become the focal point of rescue efforts.

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Shale Oil & Gas

Kharg Island, Iran and its energy sector

Oil has jumped on the escalating tensions with Iran, including a post created by AI for U.S. president Donald Trump, who claimed to have seen?the Kharg Island hub of oil being destroyed', a claim that was deemed "laughable" by an Iranian official. A U.S. official stated on Monday that there was no evidence to support such an attack. Here are some key facts about Iran's energy industry. Iran, the third-largest oil producer in the Organization of Petroleum Exporting Countries (OPEC)…

LNG

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 become a global natural gas exporter.The financing marks a major milestone for a country trying to turn one of the world's…

Renewables

Sources say that the US is expected to approve the expanded biofuel waivers on Monday.

According to two sources familiar with the issue, the Trump administration will likely approve a larger number of exemptions for U.S. refiners in order to reduce pressure on gas prices. Farm-state legislators had urged the White House to not expand waivers beyond amounts flagged at this year's start, even though refiners sought them to reduce fuel production costs. Farmers are concerned that the waivers will reduce the demand for their crops.

Victoria Launches First Australian Offshore Wind Auction

Wall Street closes lower due to a jump in oil prices, while indexes post monthly gains

Officials say that US oil company will take over Venezuelan oilfields that were previously operated by Chinese and Russian firms

Officials: US company to take over Venezuela oilfields that were previously operated by Chinese and Russian firms

Nepal rescuers reach remote regions, and electricity is restored almost a week following devastating floods

Palm oil jumps by 2% as rival crudes and oils are stronger

Sources say that Trump's oil agreement with Venezuela raises concerns for some major producers.

Colombian oil service firms move into Venezuela amid deal announcements, trade group says

Latest news

Sources say that the US is expected to approve expanded biofuel exemptions as soon as Monday.

Sources say that firms including Chevron and ONGC are on the verge of signing final pacts with Venezuela.

Officials say that some Chinese and Russian oil companies lose out under the US-Venezuela deal

How do Caracas, Washington and other countries structure a huge oil production deal?

India's ONGC will invest $10.5 billion in deepwater exploration, says chairman

International court: India must respect water sharing treaty with Pakistan

SLB expands its data center business by $3.4 billion with Kelvion

Nepal starts mass burials for flood victims who are not identified as families search for missing

PetroChina's H1 net profit increases by 22% as fuel sales and oil prices spike.

Shale Oil & Gas

Kharg Island, Iran and its energy sector

SLB expands its data center business by $3.4 billion with Kelvion

New York Times Business News - August 31,

ONEOK will buy Brazos Midstream’s Permian Midland Basin Assets for $4.43 Billion

LNG

San Matias Pipeline Cansortium Closes $900m Loan for Pipeline

Bangladesh Seeks US LNG Amidst Global Supply Disruptions

Cheniere Energy Increase Annual Profit on Strong LNG Demand

Renewables

Sources say that the US is expected to approve the expanded biofuel waivers on Monday.

International court: India must respect water sharing treaty with Pakistan

Nepal hydropower sites are at the heart of flood relief efforts

Nepal starts mass burials for flood victims who are not identified as families search for missing

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