Argentina's Milei speaks to the UN as tensions over Falkland Islands rise
Argentine President Javier Milei will speak to world leaders on Wednesday at the United Nations General Assembly, amid escalating tensions between Argentina and Britain over…
US judge dismisses Michigan climate lawsuit against oil companies
A US judge dismissed on Tuesday an antitrust suit in which Michigan accused four major oil firms of colluding to forestall competition in renewable energy, such as 'electric vehicles.
Nth Cycle signs $1 billion mineral offtake agreement with Glencore before public listing
Nth Cycle, a US metals refinery startup, has signed an offtake agreement worth $1 billion with Glencore. The deal is to supply the commodities giant with minerals such as lithium…
Three chemical plants to be closed by Ineos due to high energy costs
Ineos, the company owned by Jim Ratcliffe, announced on Tuesday that it was halting production at three chemical plants located in Hull. The reason given for this decision is because of the high European gas prices…
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.
Court rules that Glencore can sue refinery for $236 million in the UK
The London High Court ruled that commodities trader Glencore could sue the now insolvent Prax’s Lindsey Refinery for around $236 millions worth of crude oil they supplied before the collapse of the firm.
The Iranian war has prompted LNG buyers and suppliers to seek greater diversity in their supply.
As the US-Israeli war against Iran reduces Gulf shipments, LNG buyers are looking for 'alternatives' to the fuel. These suppliers range from West Africa to Indonesia. During last week's Gastech Conference…
TotalEnergies offshore project in Suriname to start production in mid-2028
Annand Jagesar of the state-run Staatsolie said that the French energy company TotalEnergies, along with its partners, are on track to launch the project's output in mid-2028.
Baker Hughes reports that US energy companies added rigs in the second week at their highest level since May 2024.
Baker Hughes, a provider of energy services, said in its Friday report that US energy companies added rigs this week for the second week in a row for the first since July. The…
Warren Buffett’s path to investing glory
Warren Buffett is retiring as chairman of Berkshire Hathaway, the legendary investor and former CEO. This marks the end of his executive duties with the company he helped turn…
Minister says Senegal should lower its electricity rates due to gas production
Senegal's energy ministry said that the country plans to use more natural gas produced domestically to lower electricity costs. This will reduce its dependency on imported fuels…
Sources: US shale producer HighPeak Energy is exploring a sale
Three people with knowledge of the situation said that HighPeak Energy is exploring the possibility of selling after receiving interest from an acquisition company. The U.S.
Radiant World's lawsuit against Jefferies-linked fund claims it only has $10,000 in cash
Radiant World, a trader in iron ore, may only have $10,000?in cash despite its financial statements referring to?cash amounts of more than 200 million dollars, according to…
Radiant World fund linked to Jefferies says it may only have $10,000 in cash
Radiant World, a trader in iron ore, may only have $10,000 cash on hand despite its most recent financial statements showing a cash balance of more than $200 million. This was…
Milei introduces bill to increase sanctions against Falklands activity
Argentina's government presented a bill to crack down on companies operating in the Falkland Island, which could escalate tensions between Argentina and the United Kingdom.
Sources say that the Mexican president has reprimanded top officials for decreasing Pemex production this summer.
Sources say that President Claudia Sheinbaum, a former energy minister who spent months praising Mexico's "energy sovereignty" by increasing domestic fuel production, reacted…
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…
Libyan oil production has returned to normal following a brief shutdown of fields, NOC Chief says
Massoud Suleman, Chairman of the National Oil Corporation (NOC), said on Wednesday that Libyan oil production has returned to normal following a brief protest on Tuesday by'security…
Energy secretary: US energy company to announce Venezuelan investment
U.S. energy secretary Chris Wright said that a U.S. oil producer would?announce a'major investment 'into Venezuela on Wednesday. Foreign oil producers are moving joint ventures…
Can2 Termik unit to develop $400 million oil project in Venezuela
Florida-headquartered Denarius Holding Group, whose ?main shareholder is Turkey's energy ?firm Can2 Termik, has reached a ?20-year agreement to operate ?the Cema ?oilfield ?in Venezuela under a $400 million project…
