Sources: Eneva, a Brazilian company, is in negotiations with Maha to form a joint venture in Venezuela
Two sources who have direct knowledge of this matter said that Eneva, a Brazilian energy firm, is evaluating options to enter Venezuela's oil and gas sector. It is also in discussions with Maha Capital from Sweden about forming a joint venture.
Tesla executives announce that the company is expanding its solar strategy to include more employees.
According to senior executives, Tesla is currently hiring to help support Elon Musk’s plan to become the largest U.S. manufacturer for solar energy components. The posts indicate that 'the company is implementing Musk's vision to set up 100 gigawatts domestic solar production.
BP does not intend to honor the National Oil Bargaining Agreement, says union
The union representing hundreds of workers in BP's Whiting Refinery, the.largest refinery.in the Midwest, announced?on.Friday that the British oil giant does not intend honoring the national oil bargaining agreements. The United…
Tesla executives are hiring to support Musk’s solar expansion strategy
According to senior executives, Tesla is currently hiring to support Elon Musk’s recent announcement to become the largest U.S. producer of solar energy components. The posts indicate that 'the company is implementing Musk's…
EIA data show that US oil demand and production fell to multi-month highs in November.
Data from the Energy Information Administration on Friday showed that U.S. oil output fell to its lowest level since July in November, while oil demand dropped to its lowest level since April. The EIA reported that the crude oil output fell to 13,78 million bpd during November.
Baker Hughes reports that US drillers have added oil and gas rigs to their fleets for the third consecutive week.
Baker Hughes, a leading energy services company, said that U.S. firms added natural gas and oil rigs this week for the third consecutive week for the first since November. The number of oil and gas drilling rigs, a good indicator of future production…
Brazil's Inpasa increases exports of dried distillers grain to China
Inpasa, a Brazilian corn ethanol manufacturer, will increase exports of dried distillers grains with solubles to China in this year. Gustavo Mariano Oliveira said Friday. Inpasa produces DDGS (a corn ethanol product used as animal…
The EU's new sanctions plan is designed to target Russian crude exports more severely
The European Commission proposed on Friday a ban on all services that "support" Russia's crude oil exports by sea. This is a far more comprehensive measure than previous EU sanctions, and goes beyond the piecemeal approach in…
Trinidad's Atlantic LNG will shut down Train 4 to perform major maintenance
Three people familiar with the plan said that Trinidad and Tobago’s flagship 'Atlantic LNG' plans to close its 6 million metric ton per annum Train 4 in May and/or June for maintenance and repairs. Atlantic LNG is owned by Shell, BP and Trinidad's National Gas Company.
RWE looks to buy LNG from ADNOC in Germany as it moves to diversify its supply
RWE signed a preliminary agreement with Abu Dhabi National Oil Company on Friday. The German utility stated that it could purchase LNG for European markets as Berlin strives to diversify their energy partners. The German Chancellor…
Greek joint venture seeking 20-year US Liquefied Natural Gas deal to boost Southern Europe's gas supplies
Atlantic Sea LNG Trade is a joint venture of Greece's gas supplier DEPA and the construction group Aktor. It is currently in negotiations to secure 15 billion cubic metres (bcm), or LNG, from the United States every year for 20 years, to supply southern Europe.
Futures prices rise on TSX ahead of US-Iran discussions as gold and oil prices increase
Futures for Canada’s main stock index rose Friday, signaling a positive start after a steep selloff during the previous session. Precious metals recovered and oil prices climbed ahead of U.S. Iran negotiations in Oman. As of 5:55 a.m.…
Maguire: China tightens its grip on clean tech with growing exports of EVs.
China's position as the world leader in clean technology is best illustrated by its EV exports. These will reach nearly $70 billion dollars in 2025, and span over 150 countries. Electric vehicles are a major part of China's manufacturing industry…
Take Five: Near or far, wherever the markets are
The upcoming week will be dominated by the Japan snap election, key U.S. economic data, earnings season and a decline in some tech stocks. Rae Wee, Lewis Krauskopf, Karin Strohecker and Lucy Raitano from London, and Rae Wee, in Singapore…
Norway's Kongsberg Group Q4 exceeds forecast
Norwegian defence contractor, Kongsberg Group,?on Friday?reported a larger than expected increase?in its operating profit for the fourth quarter?and that the order backlog has increased by 11% during the last three months of 2025.
Maguire: China tightens its grip on clean tech with EV export growth.
China's position as a global leader in clean technology is best illustrated by its massive EV exports. These will reach nearly $70 billion dollars in 2025, and span well?over 150 different countries and territories. Electric…
Palm oil is set to drop for the first time in five weeks, as it follows weak competitors lower.
Malaysian palm oils futures fell for the second consecutive session on Friday. They are on track to record their first weekly decline in five weeks. By midday, the benchmark April palm oil contract on Bursa Derivatives Exchange had lost 15 ringgit or 0.36%.
Australia's biggest takeover bids never came to fruition
The merger talks between Rio Tinto & Glencore failed after both sides could not resolve their differences on valuation. This ended months of negotiations about a tie up that would have created?the world's largest mining firm with a value market exceeding $200 billion.
US rooftop solar installers restructure, cut jobs as homeowner subsidies expire
Residential solar companies in the U.S. are preparing to see a sharp drop in their business after the expiration?of a federal tax credit which helped fuel more than a decade's rapid growth. This has led to layoffs, reorganizations and even some company failures.
HMC Capital's share price in Australia rises after KKR invests in Energy Transition Platform
HMC Capital, a company based in Australia, announced on 'Friday that it had struck a deal with KKR managed funds to invest up A$603 (US$416.49 ) million in preferred equity into its Energy Transition Platform. This will increase its share price.