EQT beats quarterly profit estimates on strong natural gas prices, sales volumes
The U.S. energy company EQT Corp. beat Wall Street expectations for the third-quarter profits on Tuesday. This was due to higher natural gas prices as well as sales volumes. Following the results, shares of the company increased by 1.9% on extended trading.
Abby Ross Hopper will retire as the top US solar lobbyist in 2019.
The organization announced in a Tuesday statement that the longtime leader of the U.S. top solar industry trade group would step down at the end of next year. Abigail Ross Hopper, the president and CEO at Solar Energy Industries…
Venture Global receives permission to add natural gas to the final LNG block of Plaquemines Plant
Venture Global has received approval from the Federal Energy Regulatory Commission to add natural gas to the final block at its Plaquemines LNG Export Facility in Louisiana, according to a Federal Energy Regulatory Commission filing.
US Natural Gas Hits High Amidst Cooler Outlook
U.S. natural gas futures hit a two-week high on Tuesday, underpinned by sharply colder 1–2 week forecasts that are lifting heating demand expectations, a month-to-date dip in output and strong LNG feedgas demand.Front-month gas…
Poland, US Look to Boosting US LNG to Central Europe
Top Polish and U.S. energy officials discussed a potential boost of supplies of U.S. liquefied natural gas (LNG) via Poland to Central Europe to reduce the region's dependence on Russian gas, Poland's energy ministry said on Tuesday.Last week…
Russell: The US-Australian critical minerals deal highlights the gap with China
It is not the game changer needed to reduce Western dependence on China. But it is a first important step. U.S. president Donald Trump and Australian prime minister Anthony Albanese signed a deal in Washington on Monday that…
Halliburton's profits beat expectations on the back of steady drilling demand in North America
Halliburton's third-quarter profits surpassed Wall Street expectations on Tuesday thanks to the steady demand for oilfield equipment and service in North America. The North America segment's quarterly revenue was $2.4 billion.
Palm ends the year lower after Dalian's fall
The price of palm oil in Malaysia fell Tuesday, reversing previous gains. This was due to the market following the softening prices of other vegetable oils at the Dalian Market. The benchmark contract for palm oil delivery in…
Vaar Energi Q3 in Norway beats expectations
Norwegian oil firm Vaar Energi reported on Tuesday a stronger-than-expected operating profit for the third quarter and reiterated its production and dividend guidance. Vaar's earnings for the quarter of July-September rose from $740 to $1.07 Billion, a jump of 74%.
Palm extends gains due to good export prospects, soyoil
The price of palm oil in Malaysia rose Tuesday, as traders benefited from the positive outlook for exports and the stronger soyoil market at Dalian and Chicago. By midday, the benchmark palm oil contract on Bursa Derivatives…
Karachaganak, a Kazakh gas producer, reduces output after a drone strikes a Russian gas plant
The operator of Kazakhstan's Karachaganak Oil and Gas Condensate Field said in an email on Tuesday that production levels have been reduced following "an accident" at Russia's Orenburg Plant. Two industry sources said that on Monday…
Russell: The US-Australian critical minerals deal highlights the gap with China
It is not the game changer needed to reduce Western dependence on China. But it is a first important step. U.S. president Donald Trump and Australian prime minister Anthony Albanese signed a deal in Washington on Monday that…
Santos' GLNG facility will stop purchasing Australian domestic gas by 2027
Santos' Gladstone Liquefied Natural Gas plant (GLNG) in Australia will cease buying gas produced domestically to meet export contracts, according to its CEO on Tuesday. This could help ease the supply shortages on Australia's east coast.
Minister of Industry: Japan will act in its national interest regarding Russian energy
When asked on Tuesday about Russian energy imports, Japan's trade minister Yoji Muto responded that the country would act in its own national interest while maintaining close coordination and cooperation with the international community. Scott Bessent, U.S.
Venture Global to add natural gas to final part of Plaquemines LNG Plant, a filing shows
Venture Global asked federal regulators to allow it to inject natural gas into the final section of its Plaquemines Liquefied Natural Gas plant by Thursday, according to an official filing made on Monday. Venture Global, if the…
Oil Prices Slip, Pressured Over Global Supply Glut
Oil prices fell by nearly 2% on Monday, pressured by worries over a global glut as U.S.-China trade tensions added to concerns about an economic slowdown and weaker energy demand.Brent crude futures were down $1.06, or 1.7%, at $60.23 a barrel as of 1312 GMT, while U.S.
The US and India are the new drivers of copper demand as China's juggernaut slows.
Over the next decade, copper consumption in India and the United States will overtake China as the demand for the metal in China slows. Beijing's expansion of industrial and infrastructure has fueled a rally which has seen copper prices soar to over $10…
Minister: France will not abandon the climate goals of the World Bank
Eleonore Caoit, France's new development minister, said that France would continue to press the World Bank for its climate finance agenda in spite of the pressure from the Trump administration to abandon it. Caroit, speaking…
Sources say that Venture Global has been in talks with Ukraine about providing it with more LNG.
Three people have confirmed that Venture Global is in talks with Ukraine about selling it more liquefied gas from its Plaquemines plant, located in Louisiana. This comes as winter approaches and Russia continues to attack Ukraine's infrastructure.
Baker Hughes reports that US drillers have added oil and gas rigs to their fleet for the first time in 3 weeks.
Baker Hughes, a leading energy services company, said that the U.S. added oil and gas rigs this week for the first time since three weeks. The number of oil and gas rigs, a good indicator of future production, increased by one in the week ending October 17.