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SLB has access to Venezuelan oilfield data via contract, say sources
Three sources said that a contract signed by SLB with Venezuela's PDVSA, the state-run oil company in Venezuela, last week gave the U.S. technology and oil services company access to oilfield data from the nation with the largest crude reserves. According to sources, the?deal?will…
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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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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 renewables to?cut dependency on fossil fuel imports. This will provide a new impetus for the global energy transformation. The effective closure of the Strait of Hormuz…
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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 oil prices resulting from the Iran War?and increased production helped to boost earnings. According to a filing at the Hong Kong Stock Exchange, net?profits…
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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? of its liquefied natural gas export operations in Southeast Texas. According to the filing, the proposed Port Arthur LNG North Project will add…
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Sembcorp India Renewables, backed by Temasek, filess for $393 Million IPO
Draft papers from Wednesday show that Sembcorp Green Infra (the Indian renewable energy division of Temasek-backed Sembcorp…
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White House calls for additional refinery waivers in order to lower pump prices
According to two officials in the administration, the White House asked federal environmental regulators for permission to…
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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…
Latest news
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Palm prices drop over 1% due to price rise and sluggish demand for exports
Malaysian palm oil futures fell more than 1% for the second consecutive session on Wednesday, as recent rallies hurt its…
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Spain plans new, stricter data centres rules, sources say
According to government sources, the Spanish government is planning to introduce stricter rules on water, energy, and cybersecurity…
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Siemens Energy sells most of its Industrial Division
Siemens Energy announced on Tuesday that it plans to sell the majority of its division that supplies industrial customers.
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Orlen, a Polish company, aims to double its output in Norway through acquisitions and projects
Polish energy company Orlen wants to double its production from its operations in the Norwegian continental shelf, which…
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Fire at Russian chemical gas complex causes three deaths and 150 injuries
The plant's press office reported that three people died and?150 were injured after a fire broke out at a complex of gas…
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Equinor: Iran war makes Tanzania LNG worth multi-billion dollars more attractive
The disruption of energy flows through the Strait of?Hormuz makes it more attractive to Equinor for them to build a long…
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Shell cancels Aphrodite offshore project in Trinidad: sources
Three people familiar with this decision have confirmed that British energy producer Shell has cancelled its Aphrodite offshore?gas?project…
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US Judge dismisses legal challenge against Trump's offshore drilling expansion
A federal judge in Alaska on Monday dismissed a lawsuit filed by environmental groups to challenge President Donald Trump’s…
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US ethanol credits prices fall after EPA delays biofuel deadline
Market sources reported that 'prices' for U.S. Ethanol Blending Credits plunged to their lowest level in over four months on Monday…
Shale Oil & Gas
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Equinor: Iran war makes Tanzania LNG worth multi-billion dollars more attractive
The disruption of energy flows through the Strait of?Hormuz makes it more attractive to Equinor for them to build a long…
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Wellbred, an oil trader sanctioned by the United States over Iran-related links
As part of its efforts to target Tehran's international financial connections, the United States has imposed sanctions against…
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Shell cancels Aphrodite offshore project in Trinidad: sources
Three people familiar with this decision have confirmed that British energy producer Shell has cancelled its Aphrodite offshore?gas?project…
LNG
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Cheniere Energy Increase Annual Profit on Strong LNG Demand
Cheniere Energy raised its forecast for annual core profit on Thursday after beating quarterly expectations on robust demand…
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Egypt Looks to Sign Multi-Year LNG Supply Deal
Egypt is in talks with energy majors including Shell, TotalEnergies and BP to buy 15 to 18 cargoes of liquefied natural gas…
Renewables
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US ethanol credits prices fall after EPA delays biofuel deadline
Market sources reported that 'prices' for U.S. Ethanol Blending Credits plunged to their lowest level in over four months on Monday…
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Palm oil falls by more than 1% due to weaker Chicago soyoil
Malaysian palm oil futures fell more than 1% on Monday, ending a five session winning streak. Weaker Chicago soyoil price…
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Palm oil falls as Chicago soyoil weakens
Malaysian palm oil futures fell on Monday, ending a five-session winning streak. Weakened soyoil prices and reduced U.S.
