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Nigeria’s Refining Revolution is Reshaping West Africa’s Energy Landscape
The launch of the Dangote Refinery near the Port of Lagos presents an exciting opportunity to transform the energy and shipping markets in West Africa. And it stands to boost Nigeria’s role as an influential player in the global oil industry, fostering economic growth and regional…
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NEO Energy and Repsol to Merge UK Oil and Gas Assets
NEO Energy and Repsol Resources UK have entered into strategic merger, creating one of the largest U.K. North Sea independent oil and gas companies under the name of NEO NEXT.Under the terms of the transaction, the combined business will be jointly owned by NEO (55%) and Repsol UK…
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First LNG Ship Bunkering Hub on US Gulf Coast Secures Permits to Start Work
A joint venture project developing the first marine fuel facility for liquefied natural gas in the U.S. Gulf Coast has secured final permits and construction is expected to begin later this year, executives involved said on Monday.The global shipping industry has been looking for fuel solutions to cut carbon emissions…
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Morocco, TAQA, Nareva team up to develop energy, desalination projects
The Moroccan water and electricity utility ONEE announced on Monday that it had signed agreements for projects ranging from desalination and renewable energy to transmission lines, with a consortium consisting of the Mohammed VI Investment Fund as well as energy groups TAQA Maroc and Nareva. TAQA Morocco is a subsidiary of Abu Dhabi’s TAQA Group.
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Denmark Plans to Offer Up to $8.3 Billion in Subsidies for Offshore Wind
Denmark's energy ministry announced on Monday that it will offer offshore wind tenders for a maximum of 3 gigawatts (GW), which is enough to power up to three million homes. The subsidies offered to developers could reach as much as $55.2 billion Danish crowns (8.32 billion dollars).
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TASS: Gazprom is working on a new gas contract with Serbia.
The Kremlin's energy giant Gazprom has been working on a gas supply contract for Serbia, according to TASS. Alexander Novak…
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Palm snaps losing streak of two sessions on stronger soyoil
Malaysian palm futures ended higher on Monday after two sessions of declines. The price increase was boosted by the stronger soyoil.
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Cornwall Insight reports that Britain's energy cap will fall by 7% in July.
Analysts at Cornwall Insight predicted that Britain's energy price cap would fall by 7% this July, due to lower wholesale prices.
Latest news
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EUROPE GAS - Prices rise due to colder weather and maintenance in Norway
Dutch and British wholesale prices of gas rose slightly Monday morning but continued to trade within a narrow range. This…
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German farmers increase winter wheat and rapeseed planting for 2025 crop
Germany's National Statistics Agency estimated that the area of winter wheat in Germany for 2025 harvest had increased 12.2%…
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Palm oil rises against stronger rival Soyoil
Malaysian palm futures prices rose on Monday after two sessions of declines. Supported by higher rival soyoil price, they ended a downward trend.
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China's thermal energy generation fell 2.3% on an annual basis in April
Official data released on Monday showed that thermal power generation in China fueled primarily by coal fell by 2.3% in April.
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China's refinery production in April fell by 1.4% on an annual basis
China's crude throughput in April fell from a year ago, according to official data released on Monday. This was due to maintenance…
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Haddad, Brazil's Haddad, supports research on oil deposits near the mouth of Amazon
Fernando Haddad, the Finance Minister of Brazil, said that while the search for oil near the mouth the Amazon River must continue in Brazil…
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France's Technip proposes 49% dividend hike after Q4 revenue beat
Technip Energies, a French infrastructure and technology firm, proposed an increase in dividends of 49% on Thursday after…
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US oil licenses and authorizations for Venezuela
Since the United States first imposed sanctions against Venezuela's energy industry in 2019, it has granted licenses to certain oil companies…
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Petrobras will issue dividends in spite of a net loss of $2.8 Billion for the fourth quarter
Petrobras reported a net loss in the fourth quarter of 17 billion Reis ($2.8 billion), due to non-recurring incidents. However…
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Shale producer APA misses fourth-quarter profit estimates
APA Corp, a U.S. shale oil producer, missed Wall Street's expectations on Wednesday for its fourth-quarter profits as low…
Offshore Oil & Gas
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EDP Renovaveis Expects Core Recurring Profit in 2025
EDP Renovaveis, the world's fourth largest wind energy producer, said on Thursday it expects core recurring profit to grow…
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Global Wind Capacity in 2024 Falls Short Despite Reaching a Record
A record 117 gigawatts of wind power capacity was installed worldwide last year, slightly more than in 2023, but far less…
Shale Oil & Gas
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France's Technip proposes 49% dividend hike after Q4 revenue beat
Technip Energies, a French infrastructure and technology firm, proposed an increase in dividends of 49% on Thursday after…
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US oil licenses and authorizations for Venezuela
Since the United States first imposed sanctions against Venezuela's energy industry in 2019, it has granted licenses to certain oil companies…
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Shale producer APA misses fourth-quarter profit estimates
APA Corp, a U.S. shale oil producer, missed Wall Street's expectations on Wednesday for its fourth-quarter profits as low…
LNG
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Edison Receives First Delivery of US LNG From Venture Global
Italian energy group Edison said on Wednesday it received the first cargo of liquefied natural gas (LNG) from U.S.
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GAIL: Dabhol LNG Terminal Will Run During Monsoons
Indian gas transporter GAIL (India) will operate its 5 million-tonnes-per-year liquefied natural gas (LNG) import terminal…
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US Regulators Recommend That Venture Global's CP2 LNG Project Gets Greenlight
U.S. federal regulators recommended in a final environmental report that Venture Global's proposed CP2 liquefied natural…
Renewables
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Petrobras will issue dividends in spite of a net loss of $2.8 Billion for the fourth quarter
Petrobras reported a net loss in the fourth quarter of 17 billion Reis ($2.8 billion), due to non-recurring incidents. However…
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Palm oil prices rise on short covering
Malaysian palm oils futures rose again on Wednesday, despite the bearish outlook of industry analysts. At closing, the benchmark…
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World Bank and other lenders criticise Pakistan’s energy negotiations
A group of eight development financing institutions warned that Pakistan's unilateral renegotiation will damage investor…
