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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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The Venezuelan billionaire that the US has been investigating for money laundering, now has a Pentagon Oil deal
Before recently, the billionaire who helped the Trump administration broker a sweeping long-term deal with Venezuela had been the target of U.S. investigations into money laundering involving funds embezzled by the state-owned PDVSA. Alejandro Betancourt, who helped U.S. authorities capture authoritarian leader Nicolas Maduro before…
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Australian shares are stumbling as energy stocks counter the gold slump
Australian shares traded within a narrow range Monday as strength in energy companies offset weakness in gold stock. Meanwhile, investors stayed away as tensions in the Middle East increased, helping oil prices to extend their gains. As of 0010 GMT, the S&P/ASX 200?index remained at 9,009.60.
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VEGOILS-Palm rises on firmer rival Dalian palm olein
Malaysian palm oil futures rose for the second session in a row?on?Monday, supported by a stronger Dalian palm?olein. By midday, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange was up 38 ringgit or 0.77% at $4,967 ringgit (1,227.33) per metric ton. Dalian's palm oil contract gained?1.06%…
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Eni, the Italian energy company, doubles its efforts in Venezuela to recover debt
Analysts said that the Italian oil company Eni improved its chances to'recover more than $2.3bn owed by Venezuela' with the signing of a new oil project deal in the country this week. Eni has collected these receivables after nearly three decades of doing business in Venezuela. Eni…
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Nepal observes National Day of Mourning after Deadly Flood
The government continued its search efforts despite four miraculous rescues over the past few days. The home ministry announced…
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Teodoro, a Filipino, says China can exploit the US-South Korean military exercises
Philippine Defense Secretary Gilberto Teodoro stated on Monday that China may see the recent reductions in U.S.-South Korean…
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No sign of the once busy port at flood-devastated China-Nepal Border
Around 20 'Chinese rescuers in bright orange used?excavators and shovels as well as ground-penetrating Radar detectors to…
Latest news
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Eni, the Italian energy company, doubles its efforts in Venezuela to recover debt
Analysts said that the signing of a new deal for an oil project in Venezuela this week has increased the chances of Eni recovering…
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Milei united in opposition to Falkland Islands oil proposal
Argentines are broadly in support of President Javier Milei’s?forceful campaign against oil drilling near Falkland Island…
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Chinese national rescued 10 days after flash flooding from Nepal tunnel
Authorities said that a Chinese national was rescued 'alive' from a Nepalese tunnel on Saturday. This happened 10 days after a wall of rock…
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Official: US structure Venezuela oil position in order to protect it against dilution
A U.S. official said that the U.S. government has structured its 35% stake in an oil venture in Venezuela as warrants to…
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Schedule for US Energy Data in Holiday Week
Labor Day, which falls on Monday Sept. 7, will affect the release of certain?major data in the energy sector scheduled for the month of September.
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Even before death and injury claims, Nepal floods may cost insurers more than $130 million
According to a senior official of one of Nepal's largest insurers, the devastating floods in Nepal could lead to commercial…
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Citadel, a hedge fund giant, is reportedly looking to purchase US assets for shale production.
Citadel has been in talks with a?U.S. Five people with knowledge of the matter have confirmed that Citadel is considering…
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Palmettos end higher due to El Nino concerns; logs weekly gains
Prices for Malaysian palm oil futures rose on Friday, thanks to fears about the impact of El Nino. At the close, the benchmark?palm…
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Nepali foreman who was rescued from a tunnel said he stayed to help others
Sanjay Sah had to decide whether he wanted to flee or stay when the mountain collapsed above a Nepali power station where he worked.
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Even before death and injury claims, Nepal floods may cost insurers more than $130 million
According to a senior official at one of Nepal's largest insurers, the devastating floods in Nepal could lead to commercial…
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Sources say that China rare earth firms have halted some US shipments due to geopolitical concerns.
Three sources have confirmed that some Chinese suppliers of rare earths are refusing to ship to the U.S. out of fear for repercussions by Beijing.
Shale Oil & Gas
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Citadel, a hedge fund giant, is reportedly looking to purchase US assets for shale production.
Citadel has been in talks with a?U.S. Five people with knowledge of the matter have confirmed that Citadel is considering…
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Five charts of the financial week: Trump's oil grab, Broadcom blues and ROI-Bonds.
Every Friday, Open Interest distills the previous five days' financial activity into five charts that highlight the "major…
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Australia's shale producers say they have learned from the LNG boom.
The Northern Territory's shale-gas developers say they want to duplicate the boom of liquefied gas in Queensland without…
LNG
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San Matias Pipeline Cansortium Closes $900m Loan for Pipeline
Argentina's San Matias Pipeline consortium said on Friday it had closed a $900 million project finance loan to build a pipeline…
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Bangladesh Seeks US LNG Amidst Global Supply Disruptions
Bangladesh is turning to the United States for a long-term liquefied natural gas supply deal as it seeks to shore up energy…
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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…
Renewables
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Even before death and injury claims, Nepal floods may cost insurers more than $130 million
According to a senior official of one of Nepal's largest insurers, the devastating floods in Nepal could lead to commercial…
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Palmettos end higher due to El Nino concerns; logs weekly gains
Prices for Malaysian palm oil futures rose on Friday, thanks to fears about the impact of El Nino. At the close, the benchmark?palm…
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Nepali foreman who was rescued from a tunnel said he stayed to help others
Sanjay Sah had to decide whether he wanted to flee or stay when the mountain collapsed above a Nepali power station where he worked.
