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Sources say that oil giants have shown early interest in US Gulf Deepwater Field stake
TotalEnergies, a European energy giant, and Shell are among the companies that want to buy a majority stake at one of?U.S. Three sources familiar with the process have said that the Gulf is one of the most promising sites. This is because the Middle East conflict has heightened 'interest in North American energy prospects.
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Golden Pass LNG to load its first export cargo in Texas amid record feedgas consumption
According to a trading resource and LSEG ship tracking data, the HL Sea Eagle LNG tanker is expected to arrive at Golden Pass Export Terminal in Texas on the 20th of April to load the first cargo for export from the plant. LSEG data shows that the vessel chartered by Exxon Mobil is currently sailing from Greece, and will reach?the U.S.
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South Korea and France agree to intensify defence cooperation amid Middle East conflict
South Korean President Lee Jae Myung said that he and French President Emmanuel Macron planned to 'boost defence co-operation and work together in order to address 'the economic and energy crisis triggered by war i Iran. After a visit to Japan, Macron arrived in South Korea for a 2-day state trip on Thursday. He held a Seoul summit on Friday.
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Russia's oil revenue fell 43% year-on-year in March, according to the Finance Ministry
According to data released by the Finance Ministry on Friday, Russian state oil and gas revenues declined in March by a whopping '43%, to 617 billion Russian roubles (US$7.72 billion), compared to the same period a year earlier. This was due to lower oil prices, as well as a stronger Russian rouble.
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VEGOILS - Palm closes on 15-month-high, logs 5th straight weekly gain
Malaysian palm futures rose almost 1% on Friday, logging a fifth consecutive weekly gain, driven by expectations for lower inventories and Indonesia's plans to produce B50 biodiesel, as well as heightened Middle East tensions. The benchmark palm oil contract on Bursa Derivatives Exchange for 'June' delivery gained 47 ringgit (0.98%) to 4…
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US intelligence warns Iran is unlikely to ease its chokehold on the Hormuz Strait soon, according to sources
According to three sources familiar with the issue, recent U.S. Intelligence reports have warned that Iran is unlikely to…
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Seplat Energy, Nigeria's Seplat Energy, is hit by a strike in response to a push for higher production
Workers at Seplat Energy - Nigeria's largest independent oil and natural gas producer - began an indefinite strike Friday.
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Turkish hydroelectric output reaches a peak of 40%, which eases war-related pressures on energy
Official data show that the power produced by Turkey's hydroelectric plants in 'March' nearly doubled compared to a year earlier, to 40%.
Latest news
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Palm oil to rise for fifth week on lower stock expectations and biodiesel optimism
Malaysian palm oil futures were up on Friday and headed for a fifth consecutive weekly gain. This was due to expectations of lower inventories…
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Bangladesh reduces working hours in order to save energy during Middle East crisis
Bangladesh has taken new measures to reduce energy consumption, including cutting office hours and reducing public spending.
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After Trump's threats to attack Iran, the price of oil in the near-term has reached a record high compared with later deliveries.
U.S. crude futures for immediate next-month delivery hit their highest-ever premium on Thursday as traders scrambled to secure…
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Baker Hughes reports that US drillers have added oil and gas rigs to their fleet for the first time in 3 weeks.
Baker Hughes, a?energy services firm?, said on Thursday that U.S. firms added to the number of oil and gas rigs operating…
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Sources say that RPT-Italy will get LNG from QatarEnergy's US Golden Pass in June
Two sources with knowledge of the matter have confirmed that Italy will start receiving liquefied gas (LNG), from a facility called 'Golden Pass LNG…
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Sources say that Italy will get LNG from QatarEnergy's US Golden Pass in June.
Two sources with knowledge of the matter have confirmed that Italy will start receiving liquefied natural gas (LNG), from…
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Carol Howle named as BP's deputy CEO to oversee portfolio reviews and strategy
Carol Howle was named BP's 'deputy CEO' on Thursday. She will oversee the company’s ongoing portfolio re-evaluation and strategy developments.
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Verbio CEO: Middle East war drives demand for local biofuel
Verbio's chief executive said that the rising fuel prices are "extraordinarily advantageous" for its biofuel producer. The…
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As the Middle East conflict shakes markets, global companies are delaying IPOs and cutting dividends.
The Middle East conflict is affecting global financial markets. It has also affected logistics and hampered the supply of…
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Palm prices rise on Mideast unrest and weak supply outlook
Malaysian palm futures rose a day after falling in the previous session. This was boosted by the uncertainty surrounding…
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India faces a second year of deficit in sugar as mills close early
Trade officials said on Thursday that India's sugar production will fall below its consumption for the?second straight year…
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Bangladeshi farmers try solar irrigation when fuel prices rise
Experts say that installing solar panels in or near?crop fields can provide a "better" alternative to the rising costs of fuel for generators.
Shale Oil & Gas
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Sources say that Italy will get LNG from QatarEnergy's US Golden Pass in June.
Two sources with knowledge of the matter have confirmed that Italy will start receiving liquefied natural gas (LNG), from…
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Carol Howle named as BP's deputy CEO to oversee portfolio reviews and strategy
Carol Howle was named BP's 'deputy CEO' on Thursday. She will oversee the company’s ongoing portfolio re-evaluation and strategy developments.
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Verbio CEO: Middle East war drives demand for local biofuel
Verbio's chief executive said that the rising fuel prices are "extraordinarily advantageous" for its biofuel producer. The…
LNG
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Thailand Seeks LNG Supplies from Malaysia Due to Middle East Conflict
Thailand is actively seeking additional LNG supplies from Malaysia following disruptions caused by the ongoing Middle East conflict, Thai energy gover
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Australia Warned Against Taxing LNG Windfall Profits
Shell has warned Australia against introducing a windfall tax on gas exporters, saying such a move would deter investment…
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Russia's Threatens to Divert LNG Cargo From Europe, Options Limited
Russia's threat to halt liquefied natural gas (LNG) deliveries to Europe and divert cargoes to Asia would prove difficult…
Renewables
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Palm prices rise on Mideast unrest and weak supply outlook
Malaysian palm futures rose a day after falling in the previous session. This was boosted by the uncertainty surrounding…
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India faces a second year of deficit in sugar as mills close early
Trade officials said on Thursday that India's sugar production will fall below its consumption for the?second straight year…
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Bangladeshi farmers try solar irrigation when fuel prices rise
Experts say that installing solar panels in or near?crop fields can provide a "better" alternative to the rising costs of fuel for generators.