Woodside struggles to sell LNG at Louisiana LNG plant according to sources
Two people familiar with the matter have told us that Woodside Energy, Australia's energy company, is having difficulty selling liquefied gas volumes produced by its planned Louisiana LNG export facility. This is because Woodside Energy wants liquefaction rates above current U.S. market prices.
ConocoPhillips predicts lower annual production
ConocoPhillips, an oil & gas producer, said on Thursday that it expected lower annual production and highlighted the 'impact' of uncertainty in the Middle East. Qatar output was excluded. Oil prices have risen by over 88% in this year due to the conflict in the Middle East…
Technip Energies trims 2026 outlook as Hormuz disruption delays revenue
French engineering and technology firm?Technip Energies lowered its full-year forecast on Thursday, citing disruptions caused by the Middle East conflict and closure of the Strait of Hormuz. The company, which designs and delivers large energy infrastructure…
Oilfield services provider SLB reports lower quarterly profits on Iran War Hit
SLB reported on Friday a 'falling profit in the first quarter, as disruptions caused by the war in Iran affected 'demand for oilfield services in a key oil producing region. Before the bell, shares of the company dropped 3%. He added that "the impact was most noticeable in Well?Construction…
Saipem, a provider of energy services, is well-positioned to win Iran War Repair Contracts
Saipem's chief executive on Wednesday said that the company can win contracts in the Middle East for repair work after the Iran war by using its 'long-term' relationships with customers. Rystad Energy, in a report released recently, estimated that the…
Sources say that Russia's Syzran Oil Refinery has ceased operations following the April 18 drone attack
Two industry sources have confirmed that the Russian oil refinery Syzran has stopped processing after a 'Ukrainian drone strike and damage to its equipment on April 18th. Two people were killed earlier on Wednesday when a drone struck a house in Syzran.
Greece plans to spend more money on support measures in 2025 as it expects a better primary budget surplus.
Kyriakos pierrakakis, Greece's Finance minister and Eurogroup chief, said that Greece had achieved a primary budget surplus of 2025 which was better than expected. He wants to use this extra fiscal space to help ease the increase in cost of living caused by the Iran -war.
Santos's Mideast impact will last for many years and its shipping routes avoid chokepoints
Australia's?Santos stated on Thursday that the Middle East?conflict had upended energy markets, with effects likely to?permanently?permanent for?years. It also noted?its liquefied?natural?gas shipping routes are far removed from high-risk?chokepoints.
NOV, a provider of oilfield services, says Middle East disruptions will impact the first quarter.
NOV announced on Wednesday that its first-quarter revenues?and earnings would be below its previous outlook due to delays in equipment deliveries and higher logistical?costs? linked to the Middle East war. The shares of the oilfield services and equipment provider dropped nearly 3% during premarket trading.
Swedish government: pro-Russian group to target Swedish power plant in 2025
The Swedish government announced?on?Wednesday that a pro-Russian cyber gang tried to disrupt operations at a Swedish thermal power plant last year. It added that hybrid Russian?attacks have gotten more frequent and severe. Carl-Oskar Bohlin said that the group targeted a power station in western Sweden…
French and Benelux stocks: Factors to watch Wednesday
Here are some company news and stories that could impact the markets in France or Benelux. France's Finance Ministry has lowered its growth forecast for 2026 and increased its inflation estimate to reflect the conflict in the Middle East. The largest…
Draft shows that the EU's plan to reduce electricity taxes and move away from fossil fuels faster is a result of war.
A draft document revealed that the European Union intends to lower electricity taxes and accelerate the expansion of clean technologies to protect consumers from rising oil and gas prices. This is part of its plan to counteract energy impacts caused by Iran's war.
China's Xi: Rule of law is essential for Middle East Peace
China's president Xi Jinping rebuked the U.S. and Israeli war against Iran on Tuesday by saying that the international rule of law was essential to peace and stability in the Middle East. Xi, who has been a vocal critic of the U.S./Israeli conflict in the past, has not made many public statements about it.
Prices of EUROPE GAS rise after US-Iran talks fall short
Dutch and British gas rates?rose? on Monday, after U.S. and Iran talks failed to reach an agreement to end the war, jeopardizing the fragile two-week truce. The U.S. army also announced that it would begin a blocking of all maritime traffic into and out of Iranian ports and coastal regions on Monday.
France doubles its support for electricity use as a source of energy
The French government will double its current support for the country by spending up to 10 billion euro ($11.72 billion), annually, until 2030. The measures include increasing the use of electric vehicles and modernising home heating. They are intended…
European and African crude oil prices reach records due to supply disruptions despite ceasefire
European and African crude prices climbed on Wednesday to new'records,' defying a sharp drop in oil futures following the U.S./Iran ceasefire negotiated on Tuesday. Traders 'priced in' a disruption in physical oil supplies for a long time. Investors…
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux. USA/IRAN: U.S. president Donald Trump announced a two-week truce with Iran on Tuesday, just two hours before the deadline he set for Tehran to reopen Strait of Hormuz.
Russell: It's time for the world to stop delusions about the Iran Energy Crisis.
LAUNCESTON (Australia), April 7: The U.S.-Israeli war against Iran is characterized by miscalculations on the part of all parties involved, including those who are peripheral. But the real danger lies in the illusion about the magnitude of the energy crisis that will result.
Russell: It's time for the world to stop delusions about the Iran Energy Crisis.
LAUNCESTON (Australia), April 7: The U.S.-Israeli war against Iran is characterized by miscalculations on the part of all parties involved, including those who are peripheral. But the real danger lies in the illusion of the magnitude of the energy crisis that will result.
China's Xi calls for faster development of new Energy System as Middle East War continues
Xi Jinping, the Chinese president, has called for a rapid planning and construction of a new energy infrastructure to ensure 'the?country’s energy security. This comes weeks after the Iran War that has triggered energy shocks around world. According to CCTV…
