Venture Global accuses Shell in FT report of a campaign to harm the LNG business
According to a Financial Times staff note published on Wednesday, Venture Global, a U.S. LNG manufacturer, accused Shell of waging "a three-year campaign" against its business. This was after Shell appealed a loss in arbitration. The report could not be verified immediately.
Venture Global and Tokyo Gas Sign 20-year LNG Supply Deal
Venture Global, a U.S. LNG exporter, has signed a deal for Tokyo Gas to receive 1 million metric tonnes per year (mtpa), starting in 2030. Venture Global has now signed its fourth long-term LNG contract with a Japanese firm.
Venture Global and Tokyo Gas Sign 20-year LNG Supply Deal
Venture Global announced on Tuesday that it had signed a 20 year sales and purchase agreement (or SPA) with Tokyo Gas, the gas supplier for Japan's capital, Tokyo Gas. The agreement will see Tokyo Gas supply 1 million metric tons of liquefied gas per annum, beginning in 2030.
US judge approves Elliott affiliate's bid for Citgo Petroleum parent
The U.S. court on Tuesday accepted a bid of $5.9 billion from an affiliate company of Elliott Investment Management at the auction held by the court for Citgo Petroleum, clearing the path to the sale of Venezuela's PDV Holding.
Sources claim that Fedun, the co-founder of Lukoil, has sold his stake to the company.
Three sources and data show that Leonid Fedun sold his $7 billion stake in Lukoil. This marked the end of a 30-year journey which made Lukoil an international force, but saw it recently shrinking rapidly under sanctions. Lukoil…
Oil Prices Fall as Ukraine Signals Support for Peace Deal
Oil prices fell over 2% on Tuesday after Ukraine hinted that an intense diplomatic push by the U.S. administration to end Russia's war against it could be yielding fruit.An end to the war in Ukraine could pave the way for the…
Brazil views issues related to the import of US biofuels as 'practically solved'
Geraldo Alckmin, the Brazilian Vice-President, said on Tuesday that "practically all issues" related to Brazil's imports from the United States of biofuels had been "resolved". Alckmin, the Minister of Development, Industry, Trade and Services…
What might Maduro have to offer Trump? What could Maduro offer Trump in potential talks?
Venezuelan President Nicolas Maduro is in a position to use crude oil cargoes that Venezuela sells mainly to China as a bargaining tool if Venezuela decides to negotiate with the United States. The Trump administration has increased…
EUROPE GAS prices range bound on warmer weather and Ukraine peace talks
The Dutch and British wholesale prices of gas traded in a narrow band on Tuesday. This was due to a strong supply coming from Norway, liquefied gas (LNG), softer demand because of warmer temperatures and ongoing discussions to end the conflict in Ukraine.
US federal funds for energy production will decline by 11% by 2025
Interior Department reported on Friday that revenue from energy production in U.S. public waters and lands fell by 11% to $14.61 Billion during the last fiscal year, citing lower commodity prices like oil. The total is the lowest…
BB Energy, a Houston-based trader, has parted ways with several Houston traders as part of a major reorganization.
Sources familiar with the situation said that commodities trader BB Energy laid off more than a dozen employees from its Houston office and parted ways with some oil traders as part of a major restructuring. A spokesperson for…
Commodities trader BB Energy lays some Houston traders off in major reorganization
Sources familiar with the situation said that BB Energy, a commodities trader, has cut over a dozen employees from its Houston office. This includes oil traders. The move is part of a major restructuring. A spokesperson for BB…
JPMorgan Projects Brent Crude at $57/Barrel, WTI at $53 in 2027
JPMorgan forecast on Monday Brent crude at $57 a barrel and West Texas Intermediate (WTI) at $53 in 2027, while keeping its 2026 estimates unchanged at $58 and $54 respectively.Brent crude futures were trading around $62.54 a barrel as of 1434 GMT, while U.S.
X-energy raises $ 700 million for nuclear reactor expansion projects in the US
X-energy, a developer of nuclear reactors, announced on Monday that it had completed a $700m financing round led Jane Street. The funding will be used to expand the company's supply chain and its commercial pipeline. After years of stagnation the U.S.
India's solar panels exports plunge in September due to US tariffs
Industry officials and analysts reported that India's solar modules exports dropped sharply to their lowest level this year in September after U.S. Trade Measures curbed shipments. This forced manufacturers to redirect supply to the domestic market.
U.S. Companies hold their line in climate talks despite Trump
Despite the U.S. Government's deterioration on climate change ahead of the COP30 Summit, American companies didn't shy away. According to an analysis of the attendance lists, there were 60 Fortune 100 representatives at this year's event in Brazil…
Takeaways from COP30 Climate Summit in Brazil
The U.N. Climate Change Summit ended this year with a shaky compromise that ignored most of the countries' main demands, except for one: wealthy countries were obligated to triple their expenditures to help other countries adapt to global warming.
US EXIM will invest $100 billion in order to secure vital mineral supplies, FT reports
John Jovanovic, chair of the U.S. Export-Import Bank, told The Financial Times that the bank will invest $100 billion in order to secure U.S. supply chains and those of its allies for essential minerals, nuclear energy, and liquefied gas.
Exxon freezes plans for major hydrogen plant amid weak customer demand
Exxon Mobil has halted plans to build one of the largest hydrogen production plants in the world due to low customer demand, CEO Darren Woods said in an interview with Business Insider on Friday. The project's suspension, which was already delayed…
Schedule for US Energy Data in the week of Nov. 23
Thanksgiving Day, which falls on Thursday November 27, will impact the schedule for the release of major energy data during the week beginning Nov. 23. The schedule below shows the weekly release of the U.S. Petroleum, Oil and Natural Gas Supply and Inventory. WEEK OF 23 NOV.