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The European gas surplus is almost gone: Kemp
The record European gas surplus that was inherited in winter 2023/24 is now largely gone, thanks to a very small accumulation…
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Key China Energy Indicators to Track for the Rest of 2024
Slower consumption in China spurred the Organization of the Petroleum Exporting Countries (OPEC) to cut estimates for global…
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Kemp: Oil traders focus on the economy, not dwindling stock
The oil prices fell in recent weeks, as traders looked past the depletion of global inventories and focused on a future threat…
Latest news
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India Defends Propping Up Russian Oil - Prices "would have hit the roof"
Global oil prices "would have hit the roof" if big importer India had not bought oil from Russia following the Ukraine war…
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Financial Times - Nov. 12
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for…
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The US climate envoy said that work would continue despite Trump’s return
John Podesta, U.S. Climate Envoy, urged governments on Monday to believe in the promise of the United States to combat global climate change.
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Henry Hub natgas price drops to a 25-year low, while Waha is in negative territory
According to LSEG's pricing data, U.S. natural gas spot prices fell to a new 25-year low in Louisiana at the Henry Hub benchmark…
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Vattenfall invests 5 billion euros in Germany’s clean energy market
Vattenfall, a Swedish energy company, wants to invest in Germany five billion euros ($5.34billion) in climate-friendly products…
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Palm oil closes at its highest level since mid-June 2022
Malaysian palm futures closed on Monday after new buying interest emerged and short coverings were covered. The benchmark…
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EUROPE GAS-Prices firm as temperatures drop
Dutch and British wholesale price rose on Monday morning due to the colder weather forecast. LSEG data shows that the benchmark…
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EIP, a Swiss asset manager, increases its stake in Eni Plenitude from 10% to 10%
Eni announced that Swiss asset manager Energy Infrastructure Partners will increase its stake in Eni Plenitude to 10%. The…
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Bangladesh is looking for potential LNG suppliers as part of a new enlistment procedure
Bangladesh has invited companies to sign up for a contract that will supply liquefied gas on a temporary basis. On Sunday…
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Oil drops as US storm threat subsides, China's stimulus disappoints
The oil prices continued to fall on Monday, as investors disappointed by China's stimulus program and the threat of disruptions…
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Sources say that PetroVietnam Gas is looking for LNG supplies to be delivered in December and January.
PetroVietnam Gas has requested a partial shipment of LNG for delivery in December or early January. The tender, which closes Tuesday…
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British Business – Nov 11,
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch…
Offshore Oil & Gas
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ND Governor Burgum on Trump's Energy Shortlist
President-elect Donald Trump is considering North Dakota Governor Doug Burgum to be his new "energy tsar", the Financial…
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Baker Hughes: US Rig Count Remains Steady
U.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged for a record third week in a row…
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Orsted Addresses Swedish Baltic Sea Wind Concerns
Orsted CEO assures Sweden that the offshore wind industry has solutions that would address defense concerns. At issue: Sweden's…
Shale Oil & Gas
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Holiday schedule for US economic and other data
Veterans Day, a federal holiday, will impact the release of major economic, energy, and commodities reports that originated…
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Holiday schedule for US Energy Data
Veterans Day, which falls on Monday 11th November, will impact the schedule for the release of major energy data during the week beginning Nov. 10.
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YPF, the Argentine oil company, is focusing on Vaca Muerta and a production boost by 2025.
The CEO of Argentina's state-owned oil company YPF, Horacio Martin, said that the firm expects shale production to rise by 30 to 40 percent next year.
LNG
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Exxon Mobil Continues to Ramp Up LNG Portfolio
Exxon Mobil is ahead of schedule with its plan to double the size of its liquefied natural gas (LNG) portfolio to 40 million…
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Tyra II Production Successfully Restarted
The Tyra Redevelopment Project (Tyra II) has restarted production. At plateau, the Tyra hub will produce 5.7 million cubic meters of gas and 22…
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Quick Connect: OAL Subsea Pipeline Completed
Making a twist on the proverb 'necessity is the mother of invention', GASCADE Gastransport GmbH and StreamTec Solutions AG completed…
Renewables
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US renewable fuel credits reach multi-month highs in spite of Trump's reelection
U.S. renewable energy credits reached multi-month highs Friday, thanks to increased demand by refiners to meet mandates as…
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After Trump's win, U.S. Governors have pledged to continue climate action.
After Donald Trump's election this week, Democratic Governors of Two U.S. States pledged to continue building programs on…
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California will vote on stricter regulations for low-carbon fuels policy
California regulators are voting on Friday whether to tighten up a policy that aims to boost low-carbon fuels in order to…
Technology
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Alphabet Winds Down Makani
Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani…
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CMA CGM Joins Energy Observer in Hydrogen Project
French shipping giant CMA CGM is joining forces with Energy Observer within a project focusing on testing the potential of…
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Toshiba Delivers Fuel Cell System to Ship
The provider of energy industry solutions Toshiba Energy Systems & Solutions Corporation (Toshiba ESS) announced that the…
Legislation
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US Arrests Turk for Alleged Sanctions Violations
U.S. authorities have arrested a Turkish man who they allege was trying to violate sanctions by transporting oil from Venezuela…
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Cheniere Asks Biden Admin to Drop Pollution Rule
Cheniere Energy Inc has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants…
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US Prepares Renewal of Chevron's Venezuela License Without Broader Terms
The U.S. Treasury Department is getting ready to renew in the coming days Chevron Corp's license to operate in Venezuela…