-
Equinor Scales Back Renewable Capacity Target
Norwegian oil and gas group Equinor has further scaled back its renewable energy ambitions, dropping a 2030 installed capacity target and cutting back on investment, it said in a strategy update on Tuesday.The change reflects a wider industry trend, with peers such as BP and Shell…
-
QatarEnergy Plans to Restart LNG Output
QatarEnergy is ready to resume liquefied natural gas production at its Ras Laffan LNG plant very quickly and could reach within a month full output of facilities unaffected by Iranian strikes, a person with knowledge of the matter told Reuters on Tuesday.Two of Qatar's 14 LNG trains…
-
McDermott CEO says that McDermott will deliver the expansion project of QatarEnergy on time after conflict.
McDermott International did not stop work on QatarEnergy’s massive North Field East project during the Iran War, said Chief Executive Michael McKelvy on Tuesday. McDermott will install the offshore infrastructure to transport natural gas from Qatar’s North Field, currently being constructed at Ras Laffan Industrial City.
-
China taps deep shale deposits in Sichuan to boost its gas production
Sinopec experts and industry consultants say that China is increasing gas drilling in deeper, more ancient shale deposits of the Sichuan Basin, which could increase domestic production by over a third before 2035. State oil giants, whose shale-gas output is below government targets…
-
Taiwan's CPC is ready to diversify its crude imports in the event that Hormuz reopens
CPC, Taiwan's state-owned energy company, said on Wednesday that it was monitoring developments in?Middle East. It will be prepared to import more crude oil and liquefied gas if the Strait of Hormuz opens again. Details are still to be released, but the United States and Iran have…
-
Document shows EU countries have scaled back their plan to finance power grids
A document from an internal negotiation revealed that governments 'have reduced the European Union’s proposal to spend national…
-
IEA: Ukrainian attacks cause Russian oil production to fall 10% below target for May
The International Energy Agency (IEA), which is a part of the United Nations, said that Ukraine's attacks on Russia's energy…
-
50Hertz Awards Siemens Energy and NSORe Offshore Converter Contract
The German power grid operator 50Hertz has commissioned a consortium consisting of Siemens Energy and Neptun Smulders Offshore…
Latest news
-
MOL receives US license extension to negotiate the purchase of sanctioned NIS Oil firm, reports news agency
According to a report by the Serbian news agency Tanjug, the Office of Foreign Assets Control of U.S. Treasury has granted…
-
Australian explosives maker Orica flags Ebola, coal risks
Orica, world's largest supplier of commercial explosives said Wednesday that it is facing a number of challenges in the?world…
-
Equinor abandons target for renewable energy
In a Tuesday strategy update, the Norwegian oil and natural gas company Equinor announced that it had 'further reduced its…
-
Syria signss deal with ConocoPhillips and Novaterra to revive its gas production
According to a 'joint announcement, the Syrian Petroleum Company (SPC), U.S. based ConocoPhillips, and energy company Novaterra…
-
QatarEnergy to restart LNG production and reach current capacity within one month.
QatarEnergy will'resume liquefied gas production very quickly at its Ras Laffan LNG plant.' It could reach full output.within.a…
-
Italy Business Lobby Calls for Emergency Action to Boost Renewables Rollout
Confindustria, the business lobby in Italy, has called on the government to take urgent action to speed up the deployment…
-
Palm oil surges by more than 2% in Indonesia on biodiesel hopes
The market was lifted by Indonesia's B50 biodiesel program implementation, which is slated to begin in the near future. At the close of the day…
-
Norway's Equinor buys back shares twice as much due to cash flow from the Iran war
Equinor, a Norwegian company, announced on Tuesday that it would increase its share-buybacks. This will return more cash…
-
The $1 trillion grid problem in the U.S. could mean a payout of $1 billion for CEOs of power companies
Increased reliability issues in the U.S. electrical grid have led to higher power bills at millions of businesses and homes.
-
Palm oil threatens biodiesel in Indonesia
The Malaysian palm futures recovered on Tuesday after two consecutive sessions of losses. This was boosted by Indonesia's…
-
North Korea's state media touts the'miracles of industrial production' when output exceeds target
North Korea's industrial production reached 105% of its planned 'targets' in the 100 days following the ruling party's congress in February.
Shale Oil & Gas
-
QatarEnergy to restart LNG production and reach current capacity within one month.
QatarEnergy will'resume liquefied gas production very quickly at its Ras Laffan LNG plant.' It could reach full output.within.a…
-
Norway's Equinor buys back shares twice as much due to cash flow from the Iran war
Equinor, a Norwegian company, announced on Tuesday that it would increase its share-buybacks. This will return more cash…
-
The $1 trillion grid problem in the U.S. could mean a payout of $1 billion for CEOs of power companies
Increased reliability issues in the U.S. electrical grid have led to higher power bills at millions of businesses and homes.
LNG
-
TotalEnergies Remains Silent as Russia Approves Sale of Arctic LNG 2 Stake
Russian President Vladimir Putin has approved the sale of a 10% stake in the sanctioned Arctic LNG 2 project held by France's…
-
SEFE, Ksi Lisims LNG Agree on long-Term LNG Supply
German state-owned gas importer SEFE said on Wednesday it agreed to purchase 1 million tonnes of liquefied natural gas per…
-
Revenue for Russian LNG Exports Decreases as Shift to Asia Doubles Costs
Russia's diversification of its liquefied natural gas exports to Asia after the loss of the European market will cut its…
Renewables
-
Italy Business Lobby Calls for Emergency Action to Boost Renewables Rollout
Confindustria, the business lobby in Italy, has called on the government to take urgent action to speed up the deployment…
-
Palm oil surges by more than 2% in Indonesia on biodiesel hopes
The market was lifted by Indonesia's B50 biodiesel program implementation, which is slated to begin in the near future. At the close of the day…
-
Palm oil threatens biodiesel in Indonesia
The Malaysian palm futures recovered on Tuesday after two consecutive sessions of losses. This was boosted by Indonesia's…
