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Eni, the Italian oil and gas company, beats its profit forecast thanks to strong upstream operations
Eni, the Italian energy group, beat expectations on Thursday by posting a 35% increase in adjusted fourth-quarter earnings compared to last year. This was due to a strong performance from its exploration and production division as well as improved refinery results. The adjusted net…
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Deka, an investor, says Siemens Energy shouldn't'squander" its wind division
Siemens Energy shouldn't sell its wind division for less than?value. A top-20 shareholder made the statement on Thursday, at the annual general meeting of the group, where the future if the struggling business is a major topic. After U.S. activist investor Ananym called for a review of Siemens Gamesa in December…
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The impact of renewable energy on spot prices
The European spot electricity contract for Friday was cancelled on the assumption that "demand" would continue to decline while "renewable generation" is expected to increase. By 0923 GMT, the German baseload for the day ahead was down 12.9% to 66.75?euros ($78.47). The French equivalent contract fell?37.3% to 12.85 euros/MWh.
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MOL Calls On JANAF to Allow Russian Oil Transit to Hungary
Croatian pipeline operator JANAF must allow transit of Russian seaborne oil to Hungary and Slovakia, refiner MOL Group said in an emailed statement on Thursday, adding that such imports were not under EU sanctions."MOL Group calls on JANAF to immediately guarantee that it would let through maritime Russian crude shipments not under sanctions," MOL
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Cheniere Raises Share Repurchase Target After Q4 Profit Doubles
Cheniere Energy said its fourth-quarter profit more than doubled on strong liquefied natural gas (LNG) demand and the company raised its share repurchase target to more than $10 billion through 2030.Shares of the largest LNG producer in the U.S. were up 1.2% at about $223 in premarket trading on Thursday.The U.S.
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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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Eni CEO: Eni can receive Venezuelan oil as payment for gas
Eni CEO, Eni, said that Venezuela is now able to pay for the gas it receives from Eni with oil, thanks to recent U.S. sanctions being eased.
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Eni CEO: Eni can receive Venezuelan oil as payment for gas
Eni CEO, Eni, said that Venezuela is now able to pay for the gas it receives from the Italian company with oil, thanks to recent easing of U.S.
Latest news
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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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Shell inspects subsea gear at the curtailed Ormen Lange Gas Field
Shell has been troubleshooting a subsea system at its Ormen Lange offshore gas field in the Norwegian Sea, where output has…
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Sempra lifts capital spending plan, beats quarterly profit estimates
Sempra, a company that provides energy infrastructure, raised its capital plan for the next five years by 16%. It also beat…
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Cheniere increases buyback plan above $10 billion due to strong LNG demand
Cheniere Energy reported that its fourth-quarter profits more than doubled due to a?strong demand for liquefied gas (LNG).
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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…
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Shell is reportedly looking to sell some of its Shell Ventures portfolio.
Shell is examining the possibility of selling investments in some companies that are part of its Shell Ventures portfolio.
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Indonesia imprisons two former officials and the former head of Pertamina in a major corruption case
A court in Indonesia found guilty a former chief executive, two ex-officials and a subsidiary of the state energy company…
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Technip's chief claims that the floating wind market is'much smaller than expected'
Technip Energies CEO Arnaud Pietten said that the demand for floating wind turbines was much lower than it had been only three to five years ago.
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Palm tracks Dalian, Chicago competitors lower; firm currency weight
Malaysian palm?oil?futures dropped on Thursday. They were weighed down by a weakening oil market in Dalian, Chicago and sluggish exports.
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Recent developments in Asia's ethanol targets
As they try to reduce their dependence on imported fuels and meet carbon emission targets, more countries in Asia Pacific…
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SBM Offshore, a Dutch company, boosts its shareholder returns after revenue exceeds expectations
Dutch offshore oil services company, SBM Offshore, announced a 57% annual'surge' in shareholder returns on Thursday. The…
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APA exceeds its quarterly profit forecasts as lower costs offset the weak price, output
Oil and 'gas company APA beat the fourth-quarter profit estimate?on Friday. This was helped by lower operational costs that…
Shale Oil & Gas
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SBM Offshore, a Dutch company, boosts its shareholder returns after revenue exceeds expectations
Dutch offshore oil services company, SBM Offshore, announced a 57% annual'surge' in shareholder returns on Thursday. The…
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Technip Energies, France's Technip Energys, misses its Q4 profit target and announces a buyback
The French energy infrastructure company, Technip?Energies, reported a quarterly adjusted core profit that was below the market expectations.
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Indonesian court delivers verdicts in corruption cases linked to Pertamina, the state energy company
On Thursday, an Indonesian court will deliver its verdict on nine people who are accused of illegally importing crude oil…
LNG
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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
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QatarEnergy Secures LNG Supply Deal with Jera as Demand Surges
QatarEnergy, one of the world's biggest LNG suppliers, signed a deal on Tuesday with Japan's top power generator Jera to…
Renewables
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Technip's chief claims that the floating wind market is'much smaller than expected'
Technip Energies CEO Arnaud Pietten said that the demand for floating wind turbines was much lower than it had been only three to five years ago.
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Palm tracks Dalian, Chicago competitors lower; firm currency weight
Malaysian palm?oil?futures dropped on Thursday. They were weighed down by a weakening oil market in Dalian, Chicago and sluggish exports.
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Deka, an investor, says Siemens Energy shouldn't'squander" its wind division
Siemens Energy shouldn't sell its wind division for less than?value. A top-20 shareholder made the statement on Thursday…