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Sempra Begins LNG Production at Mexican Site
Sempra Infrastructure, a subsidiary of U.S. electric and gas utility Sempra, said its ECA LNG Phase 1 project has begun producing liquefied natural gas as part of commissioning activities ahead of full commercial operations.The facility will supply U.S.
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Baker Hughes reports that US energy companies have added rigs to their fleets for the seventh consecutive week.
Baker Hughes, a leading energy services firm, said in its closely watched report published on Friday that U.S. firms added rigs this week for the seventh week 'in a row' for the first since May 202. The number of oil and gas rigs, a good indicator of future production, increased by one in the week ending June 5.
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The response to the auction of oil drilling rights at Alaska Wildlife Refuge is tepid
Officials from the U.S. Department?of the?Interior said that only $3.7million was bid for five parcels of land in Friday's auction by Trump's administration. The auction included 58 tracts on 689,000 acres (278.828 hectares), in a wildlife refuge known for its pristine habitat, which is home to species such as polar bears…
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US Energy Secretary says that lower gas prices will eventually lead to a resolution with Iran
Chris Wright, the U.S. Energy Secretary, said Friday that to lower?pump price it will take a solution with Iran in order to get more oil flowing through the Strait of Hormuz. Wright made his 'comments' during an appearance at Sable Offshore, a new oil and gas facility in California near Santa Barbara.
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Brazil's Raizen secures creditor support for $12.5 billion debt deal
Brazil's embattled Sugar and ethanol Producer?Raizen RAIZ4.SA said that it had secured enough backing from a number of?creditors, bondholders and other stakeholders to proceed with a restructuring out-of court totaling a?approximately?65 billion reais (12.57 billion dollars),?the biggest recorded restructurement in the country.
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Sechin, the Russian Minister of Foreign Affairs, says that the United States benefits from the closing of the Strait of Hormuz
Igor Sechin, Rosneft's Chief Executive Officer, said that the U.S. Energy companies are the biggest beneficiaries of?the?closure…
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What are the issues that Iran and the US need to resolve before they can reach a peace agreement?
Here are the key issues that the United States and Iran face as they try to reach a deal in order to end their war which…
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Trump Administration to auction off oil drilling rights in Alaska Wildlife Refuge
The Trump Administration will sell oil and gas leases in Alaska's Arctic National Wildlife Refuge on Friday. This is a "remote…
Latest news
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VEGOILS - Palm extends its losses but still manages to post a third weekly gain
Malaysian palm oils futures continued to lose a lot of money 'on Friday. They were weighed down by Dalian oil, which was weaker…
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Palm oil slips as Dalian oils and Indonesian export worries weigh.
Malaysian palm oil futures fell for the second session in a row?on Friday. Pressured by Dalian oils' weakening and worries?over…
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French and Benelux stocks: Factors to watch on June 5
Here are some company news and stories that could have an impact on the?markets of the region or specific?stocks. French…
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Minister says that the new US tariff exemptions will stimulate growth in Indonesia.
Indonesia's chief economist said on Friday that a 10% additional 'duty' imposed by the United States could stimulate economic growth…
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Dajin Heavy, a Chinese wind equipment manufacturer, makes its Hong Kong debut
After a share sale of up to HK$6.64billion ($847.57 mln), Dajin Heavy Industry, a Chinese wind-power equipment manufacturer…
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Norway oil companies and unions reach wage agreement, averting a strike
Negotiators from both sides said that the Norwegian oil companies had agreed to a wage deal with three unions. This agreement…
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China's major solar companies are focusing on batteries to boost panel sales as they falter
China's largest solar panel manufacturers are increasing exports of higher-margin batteries to boost revenues as the growth in PV sales slows.
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Experts say that green jobs cannot solve South African unemployment.
According to the most recent government statistics, nearly one in three South Africans is unemployed. Experts say that the…
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Mercuria to acquire Argentina downstream business from Raizen for $1.42 Billion
Brazilian sugar and ethanol producer Raizen announced on Thursday that its'subsidiary Raizen Energia' had 'agreed? to sell…
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Palm oil falls over 1% due to weak demand and soft crude oil
Malaysian palm futures closed'more than 1% lower' on Thursday. This reversed gains made in the previous session. At the close…
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TotalEnergies is silent about the Russian decision approving the sale of Arctic LNG 2 stake
According to a Wednesday decree, Russian President Vladimir Putin approved the sale by TotalEnergies of a 10% share in the…
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Uniper executive: LNG prices may rise significantly in a volatile market.
John Roper, Uniper's Middle East chief executive, stated on Wednesday that if the supply disruptions and hot weather in Asia…
Shale Oil & Gas
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TotalEnergies is silent about the Russian decision approving the sale of Arctic LNG 2 stake
According to a Wednesday decree, Russian President Vladimir Putin approved the sale by TotalEnergies of a 10% share in the…
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Uniper executive: LNG prices may rise significantly in a volatile market.
John Roper, Uniper's Middle East chief executive, stated on Wednesday that if the supply disruptions and hot weather in Asia…
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Data shows that Russia's oil-and-gas revenue rose 32% year/year to $9.26 Billion in May.
The Finance Ministry reported on Wednesday that the oil price rally in the Middle East fueled a 32.4% increase in Russia's…
LNG
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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…
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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…
Renewables
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China's major solar companies are focusing on batteries to boost panel sales as they falter
China's largest solar panel manufacturers are increasing exports of higher-margin batteries to boost revenues as the growth in PV sales slows.
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Experts say that green jobs cannot solve South African unemployment.
According to the most recent government statistics, nearly one in three South Africans is unemployed. Experts say that the…
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Mercuria to acquire Argentina downstream business from Raizen for $1.42 Billion
Brazilian sugar and ethanol producer Raizen announced on Thursday that its'subsidiary Raizen Energia' had 'agreed? to sell…
