Indonesia and US firms sign trade, investment agreements worth $7 billion
The U.S. ASEAN Business Council reported that Indonesian & U.S. firms signed 'trade and investment agreements worth more than $7 bn? on Wednesday, a day before Indonesian President Prabowo?Subianto meets with U.S. president Donald Trump for a meeting to sign a final deal.
Italy's Tenaris beats estimates for fourth-quarter sales on North America demand
Tenaris, an Italian steel pipe manufacturer, reported a 5% increase in net sales for the fourth quarter late on Wednesday, surpassing analysts' expectations, thanks to strong demand in North America. The net sales of the quarter…
Environmental groups protest Trump's decision to repeal US climate regulations
On Wednesday, a coalition of environmental and health groups sued the Trump administration over its decision?to revoke?the scientific findings that form?the basis of?U.S. Climate regulations. The lawsuit filed before the U.S.
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.
Junior minister: Austria looks to renewables and African gas to reduce US LNG dependency
PARIS, February 18 - Austria wants to increase renewable energy and import more?gas from Africa in order to avoid becoming too dependent on U.S. Liquefied Natural?Gas? as Europe changes its energy supply. As a result of Moscow's invasion of Ukraine in 2022…
Caturus to purchase some South Texas assets from SM Energy for $950 Million
SM Energy, a U.S. oil and gas company, announced?on Wednesday that it would sell selected assets in South Texas for $950 millions?in order to reduce its debt and bolster its capital structure. SM Energy shares increased 4.8%…
Europe's STOXX 600 closes on record high due to earnings boost. ECB shifts focus
Investors assessed corporate earnings and reports about a possible leadership change at the European Central Bank. All major regional benchmarks finished in positive territory. The pan-European Index closed 1.2% higher at 628.69. The defence sector rose 2.9%.
Golden Pass is moving closer to producing its first LNG by increasing natural gas flow into the facility
LSEG data show that Golden Pass, a joint venture between Exxon Mobil, QatarEnergy and Exxon Mobil, has pulled in more than 300 million cubic feet on Wednesday, bringing it closer to producing its first LNG. The '18 million metric…
Minister Trinidad is confident that gas projects with Venezuela can proceed.
The energy minister for the twin island nation, Trinidad and Tobago, said that the government was confident two major 'offshore gas' projects with Venezuela, to be 'operated' by Shell, BP and Trinidad National Gas Company, will…
Glencore earned less money from energy sales despite selling more oil for the third consecutive year
The annual earnings of the commodity trader, mining group Glencore showed that it traded more oil in 2013 but made less money?from energy trading? for the third consecutive year. The company stated that "Energy coal and steelmaking…
Zeo Energy signs agreement to develop 280MW of power for Creekstone Data Center in Utah
Zeo Energy announced on Wednesday that it had'signed a Memorandum of Understanding' with privately-held Creekstone Energy for the development of 280 megawatts worth of power generation to be used in a data center currently under construction in Millard County. U.S.
Junior minister: Austria looks to renewables and African gas to reduce US LNG dependency
PARIS, February 18 - Austria is looking to increase renewable energy and gas imports from Africa in order to avoid becoming too dependent on U.S. Liquefied Natural Gas as Europe reshapes its 'energy supply. As a result of Moscow's invasion of Ukraine in 2022…
Glencore returns $2 billion to its shareholders despite earnings decline
Glencore, the commodity trader and miner, announced its results for '2025 on Wednesday. This was just weeks after Rio Tinto, a larger rival, failed to make a takeover offer. The talks to create a global mining giant worth $240…
EQT Corp beats quarterly profit estimates on higher natgas prices, sales volumes
EQT Corp, a U.S. energy company, beat Wall Street 'estimates' for its fourth-quarter adjusted profits?on Tuesday. It benefited from higher natural gas prices and increased sales volumes. This sent the shares of EQT Corp up more than 1% during extended trading.
Devon's profits beat expectations for the quarter, but forecasts lower production after winter storm
Devon Energy, a U.S. shale producer, narrowly beat Wall Street expectations for the fourth-quarter profits and forecast lower production in the first-quarter after severe winter storms disrupted operations throughout?key producing regions.
Expand Energy exceeds its fourth-quarter profit expectations and plans to reduce debt by $1 billion in 2026
?U.S. Expand Energy, a natural gas producer, beat Wall Street's estimates for the fourth quarter profit on Tuesday. It aims to improve its balance sheet by reducing debts of at least $1 billion in 2026. The company was able to benefit from the higher prices, as U.S.
Venezuela tensions are set to ease, resulting in a rise in the oil production potential of Guyana
Geopolitical experts and oil specialists?said that the tiny oil-producing country of Guyana has an opportunity to expand its economy amid the ongoing U.S. activities in Venezuela. This is ahead of the Guyana Energy Conference.
Iraq approves an 'amicable agreement' with Russia's Lukoil regarding the transfer of operations for giant fields
According to a press release, the 'Iraqi Cabinet approved a "friendly settlement" with Russia's Lukoil on Tuesday regarding the transfer of the West Qurna 2, a giant oil field in the west of Iraq to the state-run Basra Oil Company.
Ormat signs geothermal power agreement with NV Energy for Google to supply 150 MW
Ormat Technologies, a renewable energy company, announced on Tuesday that it had entered into a long-term agreement to purchase geothermal power from NV?Energy in order to support Google's?operations?in?Nevada. Ormat will be…
Venezuela tensions are set to ease, resulting in a rise in the oil production potential of Guyana
Experts in geopolitics and oil said that the tiny oil-producing country of Guyana, which is already one of the fastest-growing economies in the world, has a window for expansion due to the ongoing U.S. activities in Venezuela.