Iran's main oil, gas and infrastructure production
On Saturday, Israel and the United States launched an offensive against Iran. The attack could cause oil and gas production to be disrupted and damage the energy infrastructure in the Middle East. Iran is the third-largest oil producer in the Organization of Petroleum Exporting Countries (OPEC).
Sempra lifts capital spending plan, beats quarterly profit estimates
Sempra, a company that provides energy infrastructure, raised its capital plan for the next five years by 16%. It also beat Wall Street's estimates of?fourth quarter adjusted profit. This was due to higher demand for power and investments made in grid modernization.
Technip Energies, France's Technip Energys, misses its Q4 profit target and announces a buyback
The French energy infrastructure company, Technip?Energies, reported a quarterly adjusted core profit that was below the market expectations. However, it announced a higher dividend and a 150 million euro share buyback program. The company's adjusted recurring earnings (EBITDA)…
Saipem is poised to return to Venezuela following the easing of U.S. sanctions
Alessandro Puliti, the chief executive of Italian oil contractor Saipem, said that it is prepared to resume operations in Venezuela after the lifting of U.S. sanction - as they expect demand from "oil majors" later this year. "Things are changing in…
Hungary Accuses Ukraine of Plans to Disrupt National Energy System
Hungary's Prime Minister Viktor Orban accused Ukraineon Wednesday of planning to disrupt the Hungarian energy system, and dispatched troops to safeguard infrastructure, escalating a dispute that has undermined Europe's pro-Ukraine consensus.Hungary and Slovakia…
Texas Pacific Land's core quarterly profit exceeds estimates due to stronger water sales
Texas Pacific Land exceeded Wall Street expectations for the fourth-quarter core profits on Wednesday as higher water sales and production offset lower oil prices. The company generates revenue from fixed fees, such as those for construction materials…
NYT reports that US EPA plans on loosening mercury rules for coal-fired plants this week.
The 'New York Times' reported on Wednesday that the Trump administration will loosen restrictions this week on coal-burning power plants, allowing them more freedom to emit a variety of?hazardous pollutions, including mercury. The paper reported that senior U.S.
Canada boosts investments in Ukraine's Energy Sector
The two governments announced on Wednesday that Canada would increase its support for Ukraine's energy industry, working with the industry to provide?oil and gas equipment at favorable terms, as well as boost investments in renewable energy. As part of the full-scale invasion that began in February 2020…
Draft document reveals EU plans to boost investment in energy infrastructure
A draft document seen by?by revealed that the European Union, and its lending arm European?Investment?Bank, are developing a new suite of?funding mechanisms to support energy infrastructure investment. Plans are being developed to help reduce the cost of energy for European households and industries…
Norway Wealth Fund seeks investment in battery storage as the market matures
Norway's sovereign fund announced on Wednesday that it hopes to make its initial investments in battery storage systems. This reflects the increasing importance of batteries for stabilising increasingly intermittent electricity markets. Since 2021, the $2.2 trillion sovereign fund…
Russian Drones Hit Odesa Energy Infrastructure, Cutting Power
Russian forces struck energy facilities in Ukraine's Odesa region on the Black Sea overnight, leaving over 95,000 people in the southern part of the region without power, a regional official said on Tuesday.Russia launched 125 drones at Ukraine overnight…
Shell CEO: We want to export Venezuelan Gas through Trinidad
Wael Sawan, the CEO of Shell, told Bloomberg TV that he hopes to have the?gas produced from Venezuela's Dragon Field in three years and then processed in Trinidad and Tobago before export. Shell and Trinidad are trying to increase natural gas supplies…
Carlyle's energy investment list as it targets Lukoil assets valued at $22 billion
Analysts initially estimated that the Carlyle Group would acquire most of Lukoil’s foreign assets at $22 billion. The Office of Foreign Assets Control (the U.S. agency responsible for sanctions) has yet to approve the sale. The?U.S. The?U.S. Treasury…
US crude and natural gas production recovers after winter storms ravage output
U.S. crude and?natural-gas producers brought wells online on Wednesday following a severe storm that swept across the country at the weekend. The storm strained energy infrastructure and power systems. According to Energy Aspects consultancy, domestic crude production is down by around 600,000 barrels a day.
Kuwait Readies $7b Pipeline Deal as Gulf Turns to Foreign Investors
Gulf governments are stepping up infrastructure deals with foreign investors, with Kuwait set to launch an oil pipeline network stake sale as soon as February in a deal that could raise up to $7 billion, three sources with knowledge of the matter said.The shift comes as oil prices…
Ship-tracking company says that US Gulf Coast LNG and oil exports were zero on Sunday as a result of the freeze.
Vortexa, a ship tracking service, reported that exports of liquefied gas and crude oil from U.S. Gulf Coast ports fell to zero on Sunday, before resuming on Monday after a major winter storm hit the nation. A recent Arctic blast has pounded the United States, straining power grids and energy infrastructure.
Benchmark European Gas Prices Follow Lower US Market
The Dutch and British wholesale prices of gas fell on Tuesday, reversing gains made earlier and following the declines in the United States. Prices fell about 13% after production began to recover from the recent winter storm. The freezing weather in…
US energy sector reels as winter storm knocks 2 million bpd crude production
Analysts and traders estimate that U.S. producers of oil lost up to two million barrels per day, or about 15% of the nation's production, over the weekend as a winter storm swept through the country, straining the energy infrastructure and the power grids.
Overview of Iran's major gas fields and oil infrastructure
After a wave anti-government protests, the US is heading to Iran and renewing warnings against Tehran restarting its nuclear programme or killing protesters. Tehran accuses Washington of fomenting turmoil. A major increase in prices could endanger key energy infrastructure…
Ukraine needs an energy ceasefire, says top power executive
The head of Ukraine's biggest private power producer said that the country is on the verge of a "humanitarian disaster" due to Russian airstrikes against energy systems. Any future peace agreement must include an end to attacks on energy infrastructure.