QatarEnergy Purchases Long-Term LNG Supplies In Case of Future Hormuz Disruptions
QatarEnergy is buying long-term supplies of liquefied natural gas from the US and other producers as part of a trading strategy designed to generate revenue if exports through the Strait of Hormuz are disrupted in the future…
Sources: Rodriguez will lead a Venezuelan delegation to the US to discuss energy and debt.
Two sources familiar with the preparations say that a Venezuelan delegation headed by interim president?Delcy Rod will be attending the United Nations General Assembly in New York this week. The delegation plans to discuss energy…
Sources say Exxon is in advanced talks about returning to Venezuela's Orinoco Belt.
ExxonMobil has been in talks to return to Venezuela. The US energy giant is interested in the huge Petromonagas project, which was previously a part of the Orinoco Belt. It also showed interest in certain areas in the Carabobo Block.
When the Mideast War ends, LNG demand is expected to increase in China and India
Industry executives predict that China's and India's LNG imports will rebound from their multi-year lows when the Middle East supply crisis ends and if prices ease. This is expected to reverse a resurgence in the use…
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…
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 the more than $2.3billion owed to it by Venezuela. Eni has collected these receivables…
Thailand invests in rooftop solar to protect against LNG price shocks
Akanat PROMPHAN, Thailand's Energy Minister, said that the country will assist 1 million households in installing 5 gigawatts of rooftop solar panels by year-end to protect citizens from soaring energy prices caused by the Iran War.
Minister: Thailand supports rooftop solar to protect against LNG price spikes
Akanat Promphan, Thailand's Energy Minister, said on Wednesday that the country will assist the public in installing 5 gigawatts of rooftop solar panels by the end of the year. This will?protect a million homes against…
Chevron discovers oil and gas condensate off Angola
Chevron'said Monday that it had discovered oil -and-gas condensate in an exploration well offshore Angola. This discovery?adds?to the push -to-increase production -in sub-Saharan Africa by infrastructure-led exploration.
Document shows that Vietnam is considering a second LNG contract term after the Shell deal
According to a document that was reviewed by us, the state-controlled Petrovietnam Gas has begun contacting potential suppliers to secure a five-year contract to purchase liquefied gas. It would be Vietnam's second contract…
BP will acquire Woodside's Calypso stake
BP announced on Thursday that it had agreed to 'acquire' Woodside Energy, based in Australia, 70% of its interest in the Calypso Gas Project in Trinidad and Tobago. This will give BP full ownership over the early-stage deepwater gas discovery.
Shell sells European renewables to TotalEnergies
Shell sold its onshore European Renewables Unit to TotalEnergies on Monday. The UK energy giant continues to reduce its low-carbon investment to focus on its upstream operations and trade. Shell did not reveal the price of the TotalEnergies deal…
Energy profits boost European earnings by 20.8%
LSEG data on Thursday showed that estimates for blue-chip companies in Europe's second quarter?earnings? have risen. Profit growth is now expected to be 20.8% compared to a year earlier. However, a large part of the increase will come from the energy sector.
FT reports that BP is close to a deal to sell its solar business to a Kuwait-backed group.
The Financial Times reported that BP has advanced discussions to sell its Lightsource solar business to a consortium backed Kuwait's sovereign fund. The energy giant is focusing on oil and natural gas in order to boost?returns.
TotalEnergies CEO: Arctic LNG 2 plant to be closed in Russia
Patrick Pouyanne, the CEO of TotalEnergies, announced on Thursday that it would be selling its stake in Russia's Arctic LNG 2 facility. He told analysts during a call on the second quarter results that the transfer of Total's stake of 10% to Nordline…
BP CEO: Company must tighten its spending and maintain financial discipline
Meg O'Neill, BP's CEO, said that the British energy giant must prioritise its financial discipline, by simplifying their portfolio, cutting costs, and tightening up capital expenditure, while focusing on its core investments in oil and gas.
BP withdraws from Bay du Nord oil projects, leaving Equinor the sole owner
BP and Equinor have agreed to sell their stakes in the Bay du Nord oil project off the coast of Canada. The British energy giant is now focusing on opportunities with higher returns. Equinor, a Norwegian company, will…
Microsoft signss power supply agreement with Chevron for Texas data center
Chevron announced on Monday that it had signed an agreement with Microsoft to build a facility in West Texas to provide natural gas fired electricity to the technology giant's data center. Microsoft and other technology…
Western Australia opposes a possible Exxon acquisition of Woodside Energy
Roger Cook, Premier of the State, said that on Sunday, the West Australian government would try to prevent a takeover by Woodside Energy which involved moving its headquarters. Woodside has led the development of Australia's Liquefied Natural Gas industry since 1990.
Bayer wants to accelerate biofuel production plan in response to the energy crisis caused by the Iran War
Bayer, a drug-making giant and crop science company, said that it hopes to accelerate a plan in order to facilitate the?North American production?of biofuel feedstocks such as camelina following the?Iran war. The war has caused a'surge' in fossil fuel prices…