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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal backed by its floating liquefied natural gas (FLNG) assets, three people familiar with the matter said.The contacts between Eni and the funds are at an early stage and there is no certainty that a de
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Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first such cargo crossed under an arrangement involving Iran and Pakistan, highlighting how cargoes are crossing the waterway on a case-by-case basis amid ongoing conflict risks.The vessel…
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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 revenue due to at least a doubling of logistics costs, industry sources and analysts told Reuters.The European Union plans to fully phase out Russian LNG imports…
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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 year from Canada's Ksi Lisims LNG to diversify supplies amid unsteady global energy markets.Under a memorandum of understanding signed on Wednesday, deliveries are set to begin in the early 2030s for up to 20 years…
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Tengiz Field Oil Production Shrinks After Accident
Oil production at the Chevron-led Tengiz field, Kazakhstan's largest, fell sharply on May 26 as a result of an accident, two industry sources told Reuters on Friday.The first two sources said daily output at Tengiz, which had only just recovered from a previous incident, fell to between 5…
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Baker Hughes reports that US drillers have added oil and natural gas rigs to their fleet for the sixth consecutive week.
Energy services firm Baker Hughes said that U.S. energy firms added oil and gas rigs in the United States for a sixth consecutive week.
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Export surge and record-low U.S. shale oil backlog slow production gains
U.S. shale producers have the lowest stock of drilled-but-uncompleted wells on record, limiting their ability to move ?quickly…
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EIA: US crude production is largely unchanged from March.
According to Energy 'Information Administration, on Friday, U.S. crude oil production was largely stable in March. It stood…
Latest news
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Andy Home: Investors are still betting on scarcity despite the rebalancing of ROI-Tin
What can tame a wild tin industry? The London Metal Exchange's (LME) smallest base metal contract continues to defy the market gravity.
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India's markets regulator fines Suzlon Energy $1,7 million for financial statement lapses
India's market regulator imposed on Friday a 'penalty' of 159.5 millions rupees ($1.68million) against Suzlon for alleged…
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The European Commission promises tougher actions on trade with China
The EU's relationship with China in terms of trade and investment is "not sustainable", according to the European Commission…
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VEGOILS - Palm oil records a second consecutive weekly gain
Malaysian palm oils futures reversed gains and closed lower on Friday, but they still booked their second consecutive weekly gain of 1.09%.
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The European Commission discusses a policy shift to protect industries from China
European Commissioners met on Friday to discuss ways to shield Europe's industry from surging Chinese imports and to secure…
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EUROPE GAS-Prices firm on Iran deal limbo, low gas stocks
The Dutch and British wholesale gas contracts firmed up slightly on Friday, as a U.S. - Iran peace'memorandum' still needs…
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El Nino is expected to have its greatest impact in China's autumn.
China's National Climate?Centre stated on Friday that El Nino weather impacts will peak this autumn and winter before fading in spring of next year.
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Palm oil companies on Dalian's stronger Dalian set to gain for the second consecutive weekly gain
The price of Malaysian palm oil futures increased on Friday as they tracked a stronger rival edible oil at the Dalian Market.
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Bloomberg News reports that Mitsui is looking to invest in LNG to meet the power needs of data centers.
Bloomberg News reported on Thursday that the CEO of Mitsui, Kenichi Hori, is looking to invest in LNG projects across the Middle East…
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Bloomberg News reports that Mitsui is looking to invest in LNG to meet the power needs of data centers.
Bloomberg News reported on Thursday that the CEO of Japanese trading house Mitsui was looking to invest in LNG projects in the Middle East…
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EU to waive penalties on oil and gas companies that violate methane laws for three years
A draft document seen by revealed that the European Union would ask its member states to waive penalties for three years…
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Sources say that the ousted BP chair met with activist shareholder Elliott, without knowing other directors directly.
Two sources familiar with the situation said that former BP chairman Albert Manifold had met with activist shareholder Elliott…
Shale Oil & Gas
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Bloomberg News reports that Mitsui is looking to invest in LNG to meet the power needs of data centers.
Bloomberg News reported on Thursday that the CEO of Japanese trading house Mitsui was looking to invest in LNG projects in the Middle East…
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Sources say that the ousted BP chair met with activist shareholder Elliott, without knowing other directors directly.
Two sources familiar with the situation said that former BP chairman Albert Manifold had met with activist shareholder Elliott…
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Western LNG CEO: Canada's proposed Ksi Lisims LNG plant in talks with'several utilities' to supply LNG to Europe
The CEO of Houston's Western LNG, which is the main proponent of the project said that the proposed Canadian?Ksi?Lisims LNG…
LNG
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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…
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Qatari LNG Tanker Headed for Pakistan Successfully Crosses Strait of Hormuz
A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first…
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Eni Looks for Infrastructure Funding Support
Italian energy group Eni has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR and Stonepeak in a possible deal
Renewables
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Six countries oppose EU plan to reduce carbon allowances
A document obtained by revealed that an EU plan to reduce the number of?free CO2 permits?given to industry has been met with…
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The US solar industry is suffering from the price increase of aluminium due to the Mideast war.
The war in Iran has caused a shortage of aluminium, which is making racking systems more expensive. This adds to the financial…
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The industry ministry warns that the heatwave could worsen strain on Vietnam's power grid
The?industry minister of Vietnam said that the heatwave in Vietnam had already put immense pressure on the?national power grid.
