The policies of Australia's major political parties in a single glance
Australians will cast their votes on Saturday, in a tight-run national vote marked by concerns about the cost of housing and living as well as the trade tensions caused by U.S. president Donald Trump's tariffs. Compare the key policies of the Liberal-National Coalition led by Peter Dutton and Anthony Albanese’s Labor Party…
Maguire: US LNG exports reach new heights due to strong European demand
The U.S. has exported more than 20% of its LNG this year compared to the same period last year, mainly due to purchases from European nations. These countries accounted for three-quarters of all U.S. orders. According to Kpler (a trade intelligence firm), the total U.S.
Maguire: US LNG exports reach new heights due to strong European demand
The U.S. has exported more than 20% of its LNG this year compared to the same period last year, primarily due to purchases from European nations. These countries accounted for three-quarters of all U.S. orders. According to Kpler (a trade intelligence firm), the total U.S.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. ASM International, a manufacturer of computer chip equipment, announced that it would launch a 150 million euro share buyback. Casino, a French retailer…
Adani Green, India's clean energy company, aims to add 5 GW in clean energy by FY26 with $3.6 billion capex
Ashish Khanna, CEO of India's Adani Green Energy, said that the company plans to invest 310 billion rupees (about $3.64 billion) to add five gigawatts in clean energy during the current fiscal period. The target for capacity addition is more than 50% higher than the previous year.
Research shows that China continues to support overseas coal plants, despite its 2021 commitment
According to a Tuesday analysis of energy investment in BRICS nations, Chinese companies are still building coal-fired electricity plants in Indonesia. This is despite their pledge to stop funding coal projects abroad by 2021. Global Energy Monitor, a U.S. think-tank…
Sinopec's quarterly net income falls 28% on slower fuel sales
Sinopec Corp. reported on Monday that its first-quarter profits fell 27.6% from a year ago, due to lower oil prices, and to the fact that its refinery operations were struggling with falling fuel sales and thin profit margins. Sinopec, formerly known as China Petroleum & Chemical Corp.…
Hong Kong listings indicate a market in full swing, despite tariff tensions elsewhere.
Hong Kong's stock markets are still active despite the trade tensions between China and the U.S. Book building for these deals is occurring as the global financial markets are roiled due to the massive tariffs that the U.S. has imposed on China's trade. These tariffs…
Local media report that Argentina's YPF has ruled out building a land-based LNG facility
YPF, Argentina's state-run energy company, has ruled out the construction of an onshore liquefaction facility for natural gas. Instead, it will rely on floating vessels to carry out this process. Horacio Marina, CEO of Rio Negro LNG, said in an interview that there…
US utility Xcel claims tariff exposure is 2% to 3% of capex plan
Executives with the company stated on Thursday that a global trade war is likely to affect renewable energy supply chains and storage systems, exposing 2%-3% of Xcel Energy’s $45 billion plan for capital expenditures. The expansion of AI data centres and the electrification in industries such as transportation are driving U.S.
Trump's order to stop NY wind project shocks offshore industry and threatens other projects
The Trump administration’s decision late Wednesday to halt the construction of Equinor’s Empire Wind 1 off the coasts of New York sent shockwaves throughout the offshore wind industry. It raised concerns that fully permitted developments worth billions of dollars are not secure. Donald Trump, the U.S.
Trump's order to stop NY wind project shocks offshore industry and threatens other projects
The Trump administration's late Wednesday decision to stop construction of Equinor’s Empire Wind 1 off the coasts of New York sent shockwaves throughout the offshore wind industry. It raised concerns that developments with full permits, representing billions of dollars in investment, aren't secure. Donald Trump, the U.S.
Tullow Oil, UK, to sell Kenyan assets for at least $120 Million
Tullow Oil, a West Africa-focused oil & gas explorer, said Tuesday that it will sell its assets in Kenya for at least $120 millions to Gulf Energy Ltd as it seeks to reduce its debt. Tullow said it would receive three payments of $40 million, as well as royalty payments.
Mubadala Energy acquires Kimmeridge LNG and gas projects in the US
Mubadala Energy is an arm of Abu Dhabi’s sovereign wealth fund. It signed a deal with Kimmeridge, a US-based energy investor, on Thursday that gives it stakes in American gas assets. This marks its entry into the United States market, as part of the company’s growth plans.
US refiners are unlikely to spend large amounts to process more domestic crude oil
It can be expensive and time-consuming to change refinery configuration. The margins and yields of refineries can be affected by using different types of crude. By Arathy S. Analysts and industry sources said that U.S. refiners do not plan to invest heavily to process…
CF Industries and JERA Mitsui form a joint venture to build a $4 billion ammonia plant with low carbon emissions
CF Industries announced on Tuesday that it had formed a joint-venture with Japan's biggest power generator, JERA and trading house Mitsui & Co. to build one the world's most massive low-carbon ammonia plants for around $4 billion. Why is it important? The largest climate change legislation passed in the U.S.
CF Industries and a JV form a $4 billion low-carbon Ammonia facility
CF Industries announced on Tuesday that it has formed a joint-venture with Japan's biggest energy company, JERA, as well as investment firm Mitsui, to build a low-carbon ammonia plant for around $4 billion. Why is it important? The largest climate change legislation passed in the U.S.
Data shows that global coal power capacity is expected to increase in 2024.
Global Energy Monitor, a U.S.-based think tank, reported on Thursday that the world's coal power fleet increased by 18,8 gigawatts, its smallest increase in over two decades. However, new additions to China and India continue to offset closures in other countries.
Trump's tariffs have already been carved out in a significant way. Russell: Oil and gas
Energy commodities were excluded from the new tariffs announced by U.S. president Donald Trump. White House announced on Wednesday that the baseline of 10% for all imports into the United States and even higher for major trading partners will not apply to crude oil and natural gas, or refined products.
Finland's Fortum explores options for long-term nuclear power
Fortum, a Finnish utility, said Monday that it would focus on renewable energy sources and nuclear life extension to meet the growing demand for electricity. It will also continue to explore long-term options such as new nuclear generation or pumped hydro. He added…
